Banks see smaller returns, more soured loans in Q3
THE COUNTRY’S biggest banks became less profitable in the third quarter as they continued to boost loan loss reserves amid an increase in bad loans and tighter lending standards.
Digitalization seen to boost PHL trade with key partners
DIGITALIZATION in the 15-country mega trade deal could improve trade systems with key partners, a research fellow from the Philippine Institute for Development Studies (PIDS) said.
Consumers, companies more upbeat for next year
By Beatrice M. Laforga, Reporter
Consumer sentiment for the last quarter of the year turned less pessimistic, while business confidence improved as lockdowns were eased...
BoP estimates raised as current account swings to surplus
The Philippine central bank on Friday raised its balance of payment projections for this year and 2021 amid a prolonged coronavirus pandemic, as the...
BoP remains in surplus for Q3
THE PHILIPPINES' balance of payments (BoP) — a measure of the country’s transactions with the rest of the world — continued to post a...
BSP fully awards 28-day bills
The Bangko Sentral ng Pilipinas (BDP) fully awarded the short-term securities it offered on Friday on ample liquidity during the holiday season.
The central bank...
Philippine external debt stock rises
The country’s outstanding external debt rose by 5.2% at the end of September from the previous quarter as companies and the government continued to...
FDI net inflows slide in September
FOREIGN DIRECT investments (FDI) to the Philippines slumped in September after four straight months of year-on-year growth, as uncertainty over the coronavirus disease pandemic weighed on investor sentiment.
Philippines to be SE Asia’s worst performer this year
THE PHILIPPINES is seen to post the worst economic performance in Southeast Asia this year, according to the Asian Development Bank (ADB) which slashed its growth forecast anew as household consumption and investments remained sluggish amid the coronavirus pandemic.
Foreign trade decline continues in October
PHILIPPINE international trade performance shrank once again in October as imports declined for the 18th straight month and exports returned to negative territory.
Bad loans ratio edges up in Oct.
SOURED LOANS in lenders’ portfolios continued to pile up for the ninth straight month, reflecting the grim impact of the pandemic on businesses and consumers.
Q3 foreign pledges drop from year-ago levels
By Marissa Mae M. Ramos, Researcher
INVESTMENT PLEDGES made by foreign companies in the third quarter rebounded from a nine-quarter low in the second quarter,...