Fujitsu and Mizuho Bank embark on collaboration for sustainable management information services

TOKYO, Jan 26, 2023 – (JCN Newswire via SEAPRWire.com) – Fujitsu Limited (Fujitsu) and Mizuho Bank, Ltd. (Mizuho Bank) today announced a collaboration focused on the development of services for corporate customers to manage ESG and SDG related data including greenhouse gas emissions. Figure: Image of the joint project The joint effort will combine Mizuho […]

Cash transfer programs deemed effective in protecting calamity-hit households

CASH TRANSFER programs were able to “effectively” protect typhoon-affected households from falling into extreme poverty, according to a study by the World Bank. “In the aftermath of Typhoon Yolanda (international name: Haiyan) in the Philippines, the country’s 4Ps program proved to be an effective protection against extreme poverty. It was also shown that it raised […]

Fosun Receives RMB12 Billion Syndicated Loan to Consolidate Capital for Business Development

HONG KONG, Jan 17, 2023 – (ACN Newswire via SEAPRWire.com) – On 16 January 2023, Fosun High Technology, the domestic operating entity of Fosun International Limited (“Fosun International”, HKEX: 00656), and eight domestic banks held a syndicated loan signing ceremony at the Bund Finance Center, Shanghai. According to the agreement, Industrial and Commercial Bank of […]

It’s GoTyme: Mambu enables Tyme Group to ‘lift and shift’ South African TymeBank digital banking concept into Asia

SINGAPORE, January 17, 2023 – (SEAPRWire) – Newly launched Filipino digital bank GoTyme Bank has partnered with global cloud banking platform Mambu to deliver an innovative digital banking solution that is aiming to improve access to high-quality financial services for Filipinos. Singapore-based Tyme Group, which has partnered with Gokongwei Group to launch GoTyme Bank in the Philippines, has had […]

Bangsamoro region gets World Bank, UNDP help on beefing up disaster management 

THE BANGSAMORO region in southern Philippines is getting support from the World Bank and the United Nations Development Programme (UNDP) as it beefs up its disaster management capacity following the impact of a tropical storm in October where 62 people died and thousands were displaced.    A program called PlanSmart Ready-to-Rebuild (R2R) kicked off last week, […]

PHL gov’t eyes WB loan for agriculture project ’scale-up’

THE PHILIPPINE government is looking to obtain a $550-million loan from the World Bank (WB) to boost its rural development program. A document uploaded on the World Bank website showed the Philippine government is seeking funding for the proposed Philippine Rural Development Project (PRDP) Scale-up. “The PRDP Scale-up aims to improve farmers’ and fisherfolk’s access […]

BSP: Bank lending grows 13.7% in November

OUTSTANDING loans of universal and commercial banks, net of reverse repurchase placements with the Bangko Sentral ng Pilipinas (BSP), rose 13.7 percent in November from 13.9 percent in October last year. The central bank on Wednesday disclosed that on a month-on-month, seasonally-adjusted basis, outstanding universal and commercial bank loans rose 0.3 percent. “Sustained growth in […]

World Bank urges building broad consensus for ‘health tax’ measures

THE WORLD Bank said countries resorting to “health taxes” like those imposed on tobacco and alcoholic beverages must achieve broad-based partnerships that generate a strong consensus supporting such measures, and not just deploy straightforward arguments like raising revenue and improving public health. “Health taxes should not be viewed solely through the lenses of health or […]

Bangsamoro social services ministry partners with Amanah Islamic Bank for digital aid payment

THE BANGSAMORO Ministry of Social Services and Development (MSSD) has partnered with state-owned Amanah Islamic Bank for the regional government’s digital aid distribution program, initially covering emergency shelter assistance funds.    The tie-up will cover beneficiaries of storm Nalgae, locally named Paeng, which struck a large part of the Philippines in October, including several provinces in […]

PHL eyes $600-M World Bank loan

THE MARCOS administration is seeking a $600-million loan from the World Bank to help the Philippines bounce back from the pandemic, as well as improve climate resilience and fiscal management.    The Philippines’ first sustainable recovery development policy loan (DPL) is expected to be approved by the World Bank board on May 16, 2023, according […]

Former central bank economist named Peru’s new finance chief

PERU’S new President Dina Boluarte named a US-educated economist who has spent most of his career at the central bank as economy minister, potentially soothing investor nerves after last week’s political chaos. The new finance chief, Alex Contreras, served as deputy economy minister under former President Pedro Castillo, who was ousted on Dec. 7. Contreras […]