ADB partners pledge $665-M for ASEAN green infrastructure fund

Asian Development Bank (ADB) partners have pledged $665 million to support climate-resilient infrastructure projects in Southeast Asia. The funds contribute to the planned $7-billion financing for low-carbon and climate-resilient infrastructure projects in the region, ADB said in a press release…

Philippines incurs over P500B in losses due to climate-related hazards

MUD-COVERED houses and trees are seen after a typhoon hit Balzain, Tuguegarao in November 2020. — PHILIPPINE STAR/ MICHAEL VARCAS CLIMATE-RELATED hazards have caused P506.1 billion (around $10 billion) in losses and damage to the Philippines over the past decade,…

Taxis drive through ghost town of darkened bars and shops shuttered by coronavirus pandemic

UNUSED TAXIS are parked in an operator’s garage in this file photo taken on May 28, 2020. — PHILIPPINE STAR/ MICHAEL VARCAS By Arjay L. Balinbin, Senior Reporter ANACITO C. OTILLA, JR., 49, makes less than P300 a day driving…

Duterte wants BOT law’s rules amended

PHILIPPINE STAR/ MICHAEL VARCAS THE GOVERNMENT is planning to amend the rules implementing the Build-Operate-Transfer (BOT) Law in a bid to avoid “onerous” contract provisions in public-private partnership (PPP) projects, just eight months before a new administration takes office. President…

Factory activity hits 7-month high in Oct.

REUTERS PHILIPPINE manufacturing activity inched up to a seven-month high in October as new orders stabilized and business confidence improved with the further easing of lockdown restrictions in the capital, IHS Markit said on Tuesday. The Philippines Manufacturing Purchasing Managers’…

Converge president, co-founder is part of Forbes Asia’s Power Businesswomen list for this year

CONVERGE ICT Solutions, Inc. Co-Founder and President Maria Grace Y. Uy is part of Forbes Asia’s 2021 Power Businesswomen list, which recognizes 20 outstanding female business leaders in the Asia-Pacific region. Announced on Tuesday, Forbes Asia recognized Ms. Uy for…

UnionBank’s net profit climbs 26% in the first nine months

UNIONBANK of the Philippines, Inc. recorded a higher net profit in the first nine months of the year as earnings from its core businesses improved and as its loan loss provisions declined. The Aboitiz-led lender’s net profit increased 26% year…

A pas des deux between a lens and canvas

EDNA VIDA and Nonoy Froilan photographs and paintings presented in ‘Of Art and Wine: Duets’ at Conrad Manila DANCERS and partners Edna Vida and Nonoy Froilan had been residing in a condominium with a good view of the Makati skyline…

Novavax COVID-19 vaccine gets first authorization; expects more within weeks, CEO says

Image via Jernej Furman/Flickr/CC BY 2.0 NOVAVAX, INC. expects regulators in India, the Philippines and elsewhere to make a decision on its coronavirus disease 2019 (COVID-19) vaccine within “weeks,” its chief executive told Reuters, after the shot on Monday received…

T-bill rates inch up ahead of inflation, Fed meet

THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Tuesday even as rates inched up ahead of the release of October inflation data and the US central bank’s policy review. The Bureau of the Treasury…

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