Banks’ NPL ratio falls to 21-month low in June
SOURED LOANS held by Philippine banks fell for a fourth straight month in June, bringing the nonperforming loan (NPL) ratio to its lowest in 21 months as economic activity continues to pick up.
Local shares rise as GDP data boost sentiment
STOCKS rose on Tuesday as the country recorded a strong gross domestic product (GDP) growth in the first half and amid good second-quarter reports of listed companies.
Peso drops vs dollar on GDP, trade reports
THE PESO weakened versus the greenback on Tuesday after the country recorded a slower economic growth in the second quarter and a wider trade deficit in June.
DPWH hears private-sector concerns about BOT Law IRR
THE Department of Public Works and Highways (DPWH) said on Tuesday that it will convey to the President issues raised by the private sector about the risk-sharing provisions of the revised implementing rules and regulations (IRR) of the Build-Operate-Transfer (BOT) Law.
Manufacturing output up by 2.4% in June on economic reopening
FACTORY output was up 2.4% year on year in June, rising for a second straight month as the economy reopened further with most mobility restrictions being lifted.
Budget dep’t releases additional P2B for DSWD crisis assistance program
THE Department of Budget and Management (DBM) released an additional P2 billion for a Department of Social Welfare and Development (DSWD) financial assistance program supporting its protective services.
New product certification standards issued for manufacturers
THE Department of Trade and Industry (DTI) said its Bureau of Philippine Standards (BPS) adopted in June a new set of product certification norms, for which compliance is expected within 24 months.
Farm output shrinks in 2nd quarter
AGRICULTURAL production continued to contract for a second straight quarter, mainly due to lower crops and fisheries output, the Philippine Statistics Authority (PSA) said on Monday.
Unemployment rate steady in June
THE Philippine unemployment rate held steady in June amid an improvement in job quality.
Q1 growth revised to 8.2%
THE economy grew at a slower pace than initially reported in the first quarter, the Philippine Statistics Authority (PSA) said on Monday.
Meralco customers to see lower bills this month
RESIDENTIAL CUSTOMERS of Manila Electric Co. (Meralco) will see lower bills this month due to the decline in generation and distribution charges and the ongoing refund of a previous over-collection.
PSEi up on last-minute buying ahead of GDP data
SHARES inched up on Monday on last-minute buying amid positive labor data and ahead of the release of the second quarter Philippine gross domestic product (GDP) report.