State-run pension fund Government Service Insurance System (GSIS) has allotted ₱12.62 million in emergency loans for members and pensioners in Puerto Galera town, Oriental Mindoro province, following the declaration of a state of calamity due to prolonged dry conditions and water shortages caused...
Philippine banks’ bad loan ratio further deteriorated to 3.44 percent as of end-May, marking a nine-month high as borrowers struggled to settle loans due to elevated borrowing and business costs. The latest Bangko Sentral ng Pilipinas (BSP) data showed that the banking industry’s gross...
The Philippines, still under a state of national energy emergency, has secured a record $1.02-billion World Bank Group (WBG) financing package to help lower electricity costs, accelerate renewable energy (RE) adoption, and strengthen water services nationwide. In a press release dated June 25 and...
The Department of Human Settlements and Urban Development (DHSUD) has approved a moratorium on housing amortization payments in areas affected by the magnitude 7.8 earthquake that struck parts of Mindanao on Monday morning, June 8. DHSUD Secretary Jose Ramon Aliling said he already ordered the...
Philippine banks’ bad loan ratio deteriorated to 3.37 percent as of end-April 2026, marking an eight-month high, likely due to the delayed impact of elevated borrowing rates on borrowers. The latest Bangko Sentral ng Pilipinas (BSP) data showed that the banking industry’s gross non-performing...
Asialink Finance Corp. (AFC) has secured a ₱500 million sustainability-linked social facility from Taiwan-based Cathay United Bank (CUB), expanding financing to micro, small, and medium enterprises (MSMEs) in rural areas, unbanked individuals, and women-owned enterprises across the country. This...
Global debt watcher Fitch Ratings expects Philippine banks to face increasing costs as they write off unpaid debts and prepare for future losses while navigating an increasingly uncertain geopolitical and economic environment caused by the Middle East war. This outlook comes even as the Bangko...
State-run Maharlika Investment Corp. (MIC) has extended up to ₱15 billion in short-term financing to Ramon S. Ang-led Petron Corp., the country’s lone remaining oil refinery, to boost the firm’s working capital for fuel purchases. In a statement on Thursday, May 14, the country’s sovereign...
Over 108,000 members and pensioners affected by recent calamities may avail themselves of ₱2.64 billion worth of emergency loans from state-run pension fund Government Service Insurance System (GSIS). In a statement on Friday night, May 8, GSIS said the emergency loan program aims to provide...
The Philippines will repay through 2041 an $800-million loan from the World Bank aimed at strengthening the country’s fiscal resilience, attracting higher-quality private investments, and equipping workers with skills for more productive and higher-value jobs. Documents showed that Finance...
State-run pension fund Government Service Insurance System (GSIS) has launched a new loan facility to help members reduce daily transportation costs by financing bicycles and electric mobility devices. In a statement on Monday, May 4, GSIS said it rolled out the Ginhawa Bike and E-Mobility Loan...
The regulatory relief recently announced by monetary authorities is essential; it stabilizes borrowers’ loan repayment schedules and prevents a sharp uptick in banks ' non-performing loans (NPLs). This regulatory respite is a necessary support mechanism that helps stabilize banks’ balance...
