The Philippines is being urged to reform its insurance sector by introducing mandatory home coverage for businesses and incentivising disaster-resilient construction, according to the Organisation for Economic Co-operation and Development (OECD). The Paris-based body warned that the country faces a “massive protection gap” in the wake of increasing climate-related risks, underscoring its status as one […]

Bangladesh’s economy is currently facing significant stress as it grapples with the twin challenges of controlling inflation and managing mounting debt obligations. Efforts to stabilise prices have coincided with sluggish revenue collection, a rising tide of non-performing loans, and structural weaknesses in governance—all of which have dampened economic growth and eroded the real incomes of […]