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President Sheinbaum unveils credit boost agreement with bankers at 89th Banking Convention, graph shows rise to 45% of GDP.
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Sheinbaum and banks agree to raise credit to 45% of GDP

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At the 89th Banking Convention inauguration, President Claudia Sheinbaum urged bankers to boost credit from 38% to 45% of GDP to drive development. Mexico's Banking Association committed to this goal by 2030. Sheinbaum also unveiled a new infrastructure investment law.

Anti-Money Laundering Council executive director Matthew David has requested a transfer within the Bangko Sentral ng Pilipinas. Arnold Kabanlit was designated as acting director to ensure leadership continuity. The move comes amid a major probe into corruption in flood control projects.

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The Kenya National Highways Authority has restored traffic flow at Globe Roundabout along Thika Superhighway. The key route into Nairobi was closed for two weeks to repair the Nairobi River Bridge. Motorists can now resume normal travel.

The Public Lighting and Technological Developments Company (ESIP) inaugurated the lighting system at Neiva's skate rink with a 460 million peso investment. The project extends training hours for children, youth, and adults, enhancing safety and sports conditions. The event drew nearly a thousand people, featuring a skating show.

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Following last month's announcement of construction starting in March, the National Land Commission (NLC) has detailed fair compensation plans for over 3,500 landowners affected by the Naivasha-Kisumu-Malaba Standard Gauge Railway (SGR) phases 2B and 2C. NLC CEO Kabale Tache Arero highlighted the economic empowerment benefits, with public forums engaging stakeholders.

Naujan Mayor Henry Joel Teves claimed the municipal government has no records of a P289.5-million flood control project along Mag-Asawang Tubig River. However, his 2023 social media posts described it. The Independent Commission for Infrastructure found no liability for former House speaker Martin Romualdez.

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On March 1, Iran attacked Amazon Web Services data centers in the UAE with drones, disrupting digital services in the region. Ten days later, Tasnim news agency, linked to Iran's IRGC, declared offices and infrastructure of Google, Microsoft, IBM, Nvidia, Oracle, and Palantir in Israel and the Gulf as legitimate targets.

 

 

 

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