Large companies' heavy reliance on bank loans, particularly from major local banks, could amplify vulnerabilities within the Philippine financial sector, according to the 2024 Financial Stability Report (FSR). "Corporates’ heavy reliance on bank funding could amplify credit risks to the financial...
Digital payment transactions via PESONet and InstaPay increased by over 34 percent to ₱1.65 trillion in Febraury from ₱1.23 trillion in the same month last year. This is equivalent to a ₱420 billion increase from February 2024, according to the Bangko Sentral ng Pilipinas (BSP) data. However,...
Malacañang has called on banks and financial institutions in the country to strengthen their cybersecurity policies following a reported increase in cyberattacks that resulted in P5.8 billion in losses last year. Communications Undersecretary Claire Castro (RTVM) Communications Undersecretary...
There is no rift, at least on the part of President Marcos, between him and his sister Senator Imee Marcos amid the latter's withdrawal from the administration's senatorial slate and the investigation on former president Rodrigo Duterte's arrest, Malacañang said. President Ferdinand 'Bongbong'...
Benhur Abalos (Facebook) Administration senatorial candidate Benhur Abalos has gained the endorsement of several mayors and local officials in Albay, which is part of the vote-rich Bicol region. Abalos, who is part of the Alyansa para...
Keeping their independent hats on, senatorial candidates Kiko Pangilinan and Bam Aquino on Thursday, March 27, denied reports that they are in negotiation to join the administration’s Alyansa para sa Bagong Pilipinas senatorial lineup for the May 2025 midterm polls. (Photo from Team Kiko...
Navotas City lone district Rep. Toby Tiangco (Facebook) Navotas City lone district Rep. Toby Tiangco has denied reports that the administration-backed Alansya para sa Bagong Pilipinas met with stalwarts from the Liberal Party (LP). "That’s...
Lorelie Quiambao Osial, Shell Pilipinas president and chief executive officer Shell Pilipinas Corp. announced that its net income grew in 2024, reversing the substantial drop in 2023. In a disclosure to the Philippine Stock Exchange on Wednesday, March 26, Shell reported a ₱1.3-billion net income...
Senator Imee Marcos announced on Wednesday, March 26, her withdrawal from the administration-backed Alyansa para sa Bagong Pilipinas. Senator Imee Marcos "I cannot stand on the same campaign platform as the rest of the Alyansa. As I have stated from the outset of the election period, I will...
Alyansa para sa Bagong Pilipinas senatorial candidate Makati City Mayor Abby Binay has admitted to getting "frustrated" by certain national laws that lack the perspective and inputs of local government officials. Binay had this to say during her recent visit to the City Hall of Santo...
Benhur Abalos (Ellson Quismorio/ MANILA BULLETIN) With the country’s food security foremost on his mind, administration senatorial candidate Benhur Abalos has proposed providing incentives to discourage farmers from selling their lands....
US President Donald J. Trump's protectionist policies remain the top risk to Philippine economic prospects this year, according to the think tank Capital Economics. "A key uncertainty over the coming year is whether and to what extent Donald Trump follows through with his threats to impose tariffs...
