Power utility giant Manila Electric Company (Meralco) will inject P50 billion worth of capital expenditures (capex) for the expansion of its distribution network as well as power generation facilities to support the country’s track into economic recovery post-pandemic. Meralco Chairman Manuel V....
Big banks’ outstanding loans in August grew by only by 4.7 percent year-on-year, a significant low number compared to 6.7 percent in July, the Bangko Sentral ng Pilipinas (BSP) said Friday. “Bank lending growth continued to moderate as a result of weaker corporate sector performance,...
The US government has urged the Philippines to review its mounting non-tariff measures (NTMs), which already reached 854, as these effectively restrict trade, lessen market competition, and make product’s prices more expensive, especially at this time of global supply chain disruption due to the...