VENTURE CAPITAL POST

The Monetary Board of the Bangko Sentral ng Pilipinas has cleared the USD500 million loan from the Asian Development Bank. The said fund will be used to rehabilitate and reconstruct communities struck by super typhoon Haiyan.

SwissRe's recent report titled "Global insurance review 2013 and outlook 2014/15" provided an otherwise positive global economic outlook, which was a good sign in the non-life business as more people will seek financial protection for their properties.

The government of the Philippines would be launching an online portal designed to provide information on how foreign assistance had been spent, especially for the government's response to help the victims of Typhoon Haiyan.

An article pointed out how the donation of the state of Hong Kong paled in comparison to donations and efforts by HSBC Group and KGLI Asia.

Money managers saw the retreat of IPO valuations for the Robinson's Retail Holdings Inc's IPO due to the devastation wreaked by Typhoon Haiyan.

Typhoon Haiyan's devastation would also lower the growth of the Philippine economy.

Typhoon Yolanda (International Name: Haiyan) devastated several provinces over the weekend as it cut across the Philippines packing gust winds of 275 kph.