The French government is extending 200 million euros, or approximately ₱14 billion, in financing to help low-income Filipino families gain better access to nutritious food under a new food security and nutrition program. In an Aug. 11 statement, the Department of Finance (DOF) and France’s...
The Department of Human Settlements and Urban Development (DHSUD) has ordered a moratorium on housing loan amortizations for qualified beneficiaries in areas affected by widespread flooding and other adverse effects of the weather disturbances in the past days. DHSUD Secretary Jose Ramon Aliling...
State-run pension fund Government Service Insurance System (GSIS) is ready to extend up to ₱40,000 in emergency loans to members and pensioners affected by Tropical Storm Maymay and the enhanced Southwest Monsoon, or Habagat, once their areas are officially placed under a state of calamity. In a...
The Philippines and Japan have signed diplomatic notes for a 30-billion Japanese yen (approximately P11.54 billion or $187.92 million) loan to advance the country 's Universal Health Care (UHC) program through key healthcare reforms. The diplomatic notes were signed on Tuesday, August 4, by...
State-run Government Service Insurance System (GSIS) has disbursed ₱27.29 billion in microloans to 463,608 active state workers through its expanded credit facility, offering civil servants an alternative to high-cost informal lenders. The total reflects loan issuances from Oct. 24, 2024, through...
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...
