Insurance companies increasingly worry that escalating climate extremes could destabilise financial systems, not their balance sheets – an anxiety felt acutely in Asia Pacific, a MSCI study finds.
Cuna replaces Raphael Lotilla as the outgoing environment chief is designated to be the country's ambassador to the Vatican. The former mining bureau undersecretary's appointment comes at a time when the government is pursuing critical minerals as a key strategic priority.
The move comes at the heels of recent trash slides in the provinces of Rizal and Cebu, which have intensified scrutiny of the country’s landfill‑dependent waste system.
The loan is focused on investment in top tourist draws like Bohol and Siargao Island, which also suffer from strained water supply, according to the bank’s project brief.