Banks’ bad loans continue to pile up
By Luz Wendy T. Noble, Reporters
Non-performing loans (NPLs) held by Philippine banks increased further to P491.926 billion in August as borrowers struggle to make...
Philippines exits global watchdog’s dirty money ‘gray list’
The Philippines has been taken off a global watchdog’s dirty-money list, a move that could spur remittances and foreign investments in one of Asia’s...
NEDA body approves Marawi rehab work
THE NATIONAL Economic and Development Authority’s (NEDA) Investment Coordination Committee-Cabinet Committee (ICC-CabCom) has approved new road and drainage projects for the rehabilitation of Marawi City, as well as the next phase for the flood management project in Metro Manila and repair of roads in other conflict-affected areas in Mindanao.
Inflation eases sharply in February
By Luisa Maria Jacinta C. Jocson, Reporter
HEADLINE INFLATION sharply decelerated in February to its slowest print in five months, preliminary data from the Philippine...
PHL won’t give up arbitral win over joint exploration
THE Philippines maintained it will not set aside its arbitral win against China over disputed areas in the West Philippine Sea just to proceed with joint oil and gas development, the country’s energy chief said on Monday.
‘BBB’ funding excluded from loan limit
THE central bank’s mandated limit on big banks’ real estate loans will not include loans and securities that will finance public infrastructure projects, in a bid to boost the government’s “Build, Build, Build” (BBB) program.
Philippines’ move to upper middle-income level unlikely by 2025
THE PHILIPPINES is unlikely to achieve the government’s goal of becoming an upper middle-income country by 2025, analysts said.
Analysts said Philippine gross domestic product...
Central bank keeps rates steady
THE CENTRAL BANK on Thursday kept its benchmark interest rate at a record low to support the Philippine economy’s recovery from the coronavirus pandemic.
US private sector ready to invest more in PHL
A MAJOR American business group is vowing to help boost trade between the United States and the Philippines, as President Ferdinand R. Marcos, Jr....
Virus surge clouds outlook for IPOs
THE ONGOING SURGE in coronavirus disease 2019 (COVID-19) infections in the country is clouding the prospects for upcoming initial public offerings (IPO).
P6.1-T infrastructure projects eyed in Luzon
THE GOVERNMENT is eyeing P6.1 trillion worth of flagship infrastructure projects in Luzon, Finance Secretary Benjamin E. Diokno said on Monday.
During the Philippine economic...
Pasay-SM Prime Manila Bay reclamation project set to proceed
SM Prime Holdings, Inc. has received the official notice from the Pasay City government to proceed with its 360-hectare reclamation project within the city’s municipal waters, the Sy-led listed company said in a disclosure on Friday.