Anchoring it on a ‘refreshed strategy’, listed firm Shell Pilipinas Corporation will be tightening its belt with leaner capital expenditures (capex) rollout of just P2.0 billion to P3.0 billion this year, roughly half from last year’s P5.0 to P6.0 billion of programmed capital spending....
Moody’s Analytics said the Bangko Sentral ng Pilipinas (BSP) is expected to hold its key rate steady at 6.5 percent during its monetary policy meeting on Thursday, May 16. In its latest Economic View: Asia Pacific commentary, the global credit rating agency noted that with the inflation...
Family budgets could be stretched a little further this week, as consumers will be greeted with relatively substantial reprieve on their drive to the petroleum stations – especially with the big-time rollback for gasoline prices. Based on the pricing adjustment advisories of the oil companies,...
Mindanao’s local executives expressed their support for President Marcos’ vision of “Bagong Pilipinas” after he personally went to the region to deliver much-needed financial aid amid the impact of the El Niño phenomenon on farmers and fisherfolk. President Ferdinand ‘Bongbong’...
House Speaker Martin Romualdez (center, standing), addresses the crowd during the launch of the Zamboanga City BPSF (Speaker’s office) Speaker Martin Romualdez's allies from the House of Representatives has once again sent a loud message of support...
Big banks’ outstanding loans grew by 9.4 percent year-on-year in March, higher than the growth in February of 8.6 percent, according to the Bangko Sentral ng Pilipinas (BSP). In a statement Friday, May 10, the BSP said this data is net of reverse repurchase (RRP) placements with the central...
The banking sector’s gross non-performing loans (NPL) or bad loans ratio dropped to 3.39 percent in March versus 3.44 percent in February, the lowest so far for the year, based on Bangko Sentral ng Pilipinas (BSP) data. The current bad loans ratio is, however, higher compared to same period last...
House Speaker Martin Romualdez (center) meeting beneficiaries during the Bagong Pilipinas Serbisyo Fair in Zamboanga City (Speaker's Office) The Bagong Pilipinas Serbisyo Fair (BPSF)the flagship public service program of the Marcos...
Two years after he was elected on the platform of unity, President Marcos on Wednesday, May 8, once more asked his allies to work together and improve policies and governance. President Ferdinand 'Bongbong' Marcos Jr.'s Partido Federal ng Pilipinas (PFP) and House Speaker Martin Romualdez's...
The Bangko Sentral ng Pilipinas (BSP) has lowered the rates on its Peso Rediscounting Facility effective Wednesday, May 8, for all tenors. Rediscounting is a standing credit facility provided by the BSP to qualified banks with active rediscounting lines help banks meet temporary liquidity needs by...
Philippines’ stock of US dollars dropped by $630 million to $103.437 billion as of end-April compared to end-March’s $104.067 billion after the government withdrew foreign currency from the Bangko Sentral ng Pilipinas (BSP) to pay for maturing loans and to fund expenditures. Despite the...
Senator Ramon Bong Revilla Jr. is on the road to recovery after suffering from an Achilles tendon injury. Senator Ramon Bong Revilla Jr. (Photo courtesy of PPA/Yummie Dingding) Revilla said this during his attendance at the signing ceremony of the alliance between the Partido Federal ng Pilipinas...
