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Category: finance

Philippines gets $400-M ADB loan for insurance sector

MANILA, Philippines – The Asian Development Bank (ADB) on Tuesday announced a $400-million policy-based loan to help boost the Philippines’ insurance sector by creating an enabling environment for broader participation in the industry. The Insurance Reform Program, Subprogram 1, would support broader financial sector development reforms in regulation and supervision, including greater intermediation of long-term

PSE lifts Globalinks suspension

MANILA, Philippines – The market regulation arm of Philippine Stock Exchange has lifted the involuntary suspension issued against Globalinks Securities and Stocks Inc. after three months, saying the stock brokerage house now had enough capital to continue operating. In a memorandum on Tuesday, Capital Markets Integrity Corp. (CMIC) said it had received documents from Globalinks showing

BIZ BUZZ: Panglao Hole symposium?

Every year, the world’s top central bankers, policymakers, academics and market movers descend on Jackson Hole, Wyoming, for the Federal Reserve Bank of Kansas City’s high-profile symposium—a must-watch event where one stray comment can jolt global markets. Now, the Bangko Sentral ng Pilipinas (BSP) wants its own version of that. READ: BIZ BUZZ: Mapua opens

Warning: The AI traps even smart CEOs fall into

ILLUSTRATION BY KIKO BUENAVENTURA Artificial intelligence (AI) is the loudest drumbeat in business today. Board decks brim with pilots, vendors promise miracles and investors ask, “What’s your AI strategy?” Yet in my work with owner-operators and Fortune-level leaders, I’ve seen a hard truth: the biggest AI losses aren’t technical—they’re leadership errors. AI can multiply value

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