Washington-based International Finance Corp. (IFC) of the World Bank Group has introduced financing support for Philippine banks that will lend to climate adaptation and mitigation projects amid a push for “green” recovery from the COVID-19 pandemic to generate trillions of dollars in fresh investments. “The program, ‘Scaling Up Climate Finance through the Financial Sector,’ is…
Banks will face an environment of accelerated innovation this year after investing resources to account for last year’s business model changes that were forced on the industry by the coronavirus pandemic, an international consulting firm said over the weekend. In a recently published study, Accenture said the financial services industry was forced to make years’…
The good news is that after a horrible 2020, when the coronavirus (COVID-19) pandemic wreaked havoc on the global economy, this year will be better. The Philippines is expected to exit an economic recession with the reopening of businesses and the rollout of COVID-19 vaccine to a critical mass of the population, which should shore…
MANILA, Philippines — After a nerve-wracking year marked by an unprecedented lockdown to contain a coronavirus (COVID-19) pandemic, investors are looking forward to a recovery in corporate earnings and stock prices this 2021. The main-share Philippine Stock Exchange index (PSEi) may rebound to 7,878 this year on the back of a 39.7 percent recovery in…
The year 2020 was not for the faint-hearted investor as a black swan in the form of the new coronavirus (COVID-19) pandemic prompted governments to shut down borders and impose tough local quarantine protocols, wreaking havoc on the global economy and causing a stock market shakeout. The Philippine Stock Exchange index (PSEi) ended the year…
MANILA, Philippines —If there’s a rising tide that lifts all boats, there may also come a time, no matter how rarely, that a tsunami may wreak havoc on anything on its path. The coronavirus pandemic is one such cataclysmic event. While the human race is no stranger to pandemics, the world has never been as…