Singapore-based United Overseas Bank (UOB) expects lower interest rates to lift Philippine economic growth in the near term, despite lingering global challenges that would likely expand the domestic economy below the government’s goal for the year. In its Quarterly Global Outlook report for the...
Philippine banks are shoring up their loan-loss buffers as the industry’s bad loan ratio climbed to an eight-month high of 3.4 percent, due to the lingering impact of the Covid-19 pandemic and global uncertainties affecting borrowers’ ability to repay debts. According to the latest data from...
Senator Juan Miguel "Migz" Zubiri has said that as part of the curbing the country 's online gambling problem, the government must also place tighter regulations on predatory Online Lending Applications (OLAs). Zubiri said this during the Development Budget Coordination Committee briefing on...
Despite last month’s spike in consumer prices, the steady decline in rice costs is seen to keep a lid on inflation, with the Bangko Sentral ng Pilipinas (BSP) expecting it to average below two percent this year. Inflation quickened to 1.5 percent in August from 0.9 percent in July—the slowest...
For many young Filipinos, life today feels like an uphill climb—where poverty, limited opportunities, and the burden of violence or fractured families leave countless disheartened and searching for direction. To this generation, Fr. Flaviano Antonio L. Villanueva, recipient of the 2025 Ramon...
Despite recent pronouncements by the Bangko Sentral ng Pilipinas (BSP) that one more policy rate cut before year-end would maintain the “Goldilocks” level, the Economist Intelligence Unit (EIU) still forecasts two more reductions at each of the two remaining Monetary Board (MB) interest rate...
The Bangko Sentral ng Pilipinas (BSP) has formally dismissed two supervisors found to have been involved in falsifying the attendance records of four employees, marking the latest development in an internal scandal that also led to the resignation of two Monetary Board (MB) members last year. In a...
Should banks fail to comply with the central bank’s order to implement a sophisticated fraud management system (FMS), the Bangko Sentral ng Pilipinas (BSP) could go as far as suspending their licenses, on top of holding them liable for losses their clients incur from fraud. “We are the...
Consumer prices may have risen at a faster pace in August, the central bank projected, as recent typhoons and excessive rainfall likely stoked the cost of basic goods, especially food items. Last month’s inflation is expected to clock within the range of one percent to 1.8 percent, according to...
The San Juan City government commemorated the bravery and courage of Filipinos who fought for the country 's independence during the 129th Araw ng Pinaglabanan on Saturday, Aug. 30, calling upon Filipinos to be united in building a stronger and more resilient nation. San Juan City Mayor...
The Bangko Sentral ng Pilipinas (BSP) expects August 2025 inflation to accelerate to a median of 1.4 percent, a modest increase from July but a significant deceleration from last year. The central bank projects a range of 1.0 percent to 1.8 percent for the month. The forecast is a jump from...
For over three weeks now, the news has been centered on the negative: the questionable, if not altogether ghost, flood control project; online gambling; and the recent unceremonious departure of four-star Philippine National Police Chief Gen. Nicolas Torre III. Yes, Virginia, all these developing...
