The World Bank urged the Philippines to accelerate power sector reforms to lower electricity costs and reduce its dependence on imported fuel, saying cheaper and more reliable power has become critical to sustaining economic growth, attracting investments, and reducing poverty after the country’s...
Alex Eala faces a tight schedule in her North American hard-court swing after her final match against Jessica Pegula at the rain-delayed Mubadala DC Open in Washington D.C. is rescheduled to Tuesday midnight, Aug. 4 (Philippine time). Eala is scheduled to compete at the National Bank Open in...
Elevated inflation, sluggish state spending, and rising import costs may have dragged Philippine gross domestic product (GDP) growth down to 2.5 percent in the second quarter, slowing further from an already five-year low of 2.8 percent in the previous quarter. Frankfurt-based Deutsche Bank AG...
Private-sector economists are divided over the trajectory of Philippine inflation in July, though they broadly agree that lingering climate risks, geopolitical tensions, and a weaker peso will compel the central bank to keep interest rates elevated. Forecasts for July headline consumer prices span...
Philippine economic growth likely picked up above the three-percent level in the second quarter, mainly on improved spending on public goods and services, with most private-sector economists expecting the economy to perform better than in the previous quarter despite lingering headwinds from...
The World Bank has approved its first loan for the Philippines since the country was elevated to upper-middle-income country (UMIC) status in July, financing a $268.62-million project to expand climate-resilient water and sanitation services in three islands, improve water security, and generate...
Sustainability in banking is often framed as a trade-off between profit and purpose. For the Ayala-led Bank of the Philippine Islands (BPI), these are not separate, clashing goals, but a package embedded in every vein of the lender’s initiatives. What, then, should sustainability look like for...
Lending growth at the country’s big banks slowed to a four-month low in June as corporate borrowers and households took a more cautious approach, dampening overall demand for credit. Outstanding loans issued by universal and commercial banks (U/KBs) expanded 9.8 percent from a year earlier to...
The Ty family’s Metropolitan Bank & Trust Co. (Metrobank) posted a net income of ₱24.9 billion in the first half of 2026, slightly higher than the ₱24.8 billion earned in the same period last year, amid a business environment that remained challenging for the banking industry. In a disclosure...
Senate Secretary and Clerk of Court Renato Bantug said on Thursday, July 30, that all banks served with subpoenas by the Senate Impeachment Court have submitted the documents requested in connection with the impeachment trial of Vice President Sara Duterte. Bantug said the Bureau of Internal...
Asia United Bank (AUB) reported a slight uptick in net income to ₱6.19 billion for the first half of 2026 from ₱6.13 billion in the same period last year due to steady growth in its core lending business and a resilient funding base. In a disclosure to the Philippine Stock Exchange, the bank...
Government technology (GovTech) reforms in the Philippines’ Pantawid Pamilyang Pilipino Program (4Ps) have generated tens of millions of dollars in annual savings by plugging leakages, while improving the targeting of beneficiaries as well as curbing corruption and fraud, according to the World...
