THE Philippine banking sector’s nonperforming loan (NPL) ratio dropped to a three-month low in June even as banks continued to expand their lending portfolios, Bangko Sentral ng Pilipinas (BSP) data showed.

LAWMAKERS should avoid compromising the proposed P6.793-trillion national budget for next year through congressional insertions, which could undermine the Philippines’ fiscal consolidation efforts and hamper growth prospects, analysts said on Tuesday.

ARTIFICIAL INTELLIGENCE (AI) technologies can potentially boost the Philippine economy by P1.8 trillion (around $31 billion), as Filipinos increasingly use AI for work and upskilling, according to a report by Google Philippines and consulting firm Public First.

RESIDENTIAL HOUSEHOLDS in areas served by Manila Electric Co., (Meralco) will see higher electricity bills this month as the power distributor hikes rates due to higher generation and transmission charges.

LISTED telecommunications company PLDT Inc. saw its attributable net income rise by 6.05% in the second quarter (Q2) to P9.11 billion compared to the...

DOUBLEDRAGON CORP. (DD) aims to raise up to P10.9 billion through a retail bond offering next month, offering a 7.7% interest rate with maturities...

SM PRIME HOLDINGS, INC. has allocated P7 billion for the phased redevelopment of SM Megamall in Mandaluyong City, aiming for full completion by 2029...

PHILIPPINE BANKS’ combined net income grew by 4.14% in the first half as both net interest and non-interest earnings increased year on year. The banking...

BERONG NICKEL Corp. (BNC), a subsidiary of DMCI Mining Corp., has secured a 25-year mineral production sharing agreement (MPSA) with the Department of Environment...

BDO UNIBANK, Inc., the Philippines’ biggest lender, expects to sustain record-high earnings this year on broad-based growth in lending, its chief executive said, easing...

FROM the local wet market to neighborhood eateries, the Bangko Sentral ng Pilipinas’ (BSP) latest art exhibit shines a spotlight on the heart of...

ETON Properties Philippines, Inc. (EPPI), the real estate arm of Lucio Tan Group, has launched Blakes Tower, a mixed-use development in Makati City. Located along...