The Philippines’ outstanding external debt fell to a one-year low at the end of March as international lenders pulled back amid tighter global financing conditions and shifting investor sentiment. Data from the Bangko Sentral ng Pilipinas (BSP) showed that total foreign obligations decreased by...
As the nation marks the 128th Philippine Independence Day, SM Supermalls and the Department of Labor and Employment (DOLE) are strengthening their long-standing partnership by bringing employment opportunities closer to Filipinos through simultaneous job fairs nationwide. This June 12, SM and DOLE...
Every artist dreams of writing a song that connects with people. Not all of them expect to wake up one day and find it being sung back to them across the world. That’s the reality Janine Berdin finds herself in today. As clips of her music circulate across social media, particularly her...
Sy-led conglomerate SM Investments Corp. has assured its customers and stakeholders of its continued commitment to maintaining rigorous data privacy standards as a core component of corporate governance. The conglomerate highlighted that its subsidiary, SM Retail, received the NPC Seal of...
Philippine banks’ exposure to real estate lending remained near multi-year lows in the first quarter of 2026, as domestic lenders maintained a cautious approach to the property market while focusing on other growth areas. According to the latest data from the Bangko Sentral ng Pilipinas (BSP),...
Net inflows of brick-and-mortar foreign direct investment (FDI) into the Philippines declined by 17 percent to $1.72 billion in the first quarter of 2026 from $2.07 billion in the same period in 2025, as global uncertainty weighed on investor sentiment and prompted caution. The first-quarter FDI...
Digital lender Billease has committed ₱1 billion in fresh capital to its banking arm, Rural Bank of Sta. Maria-Ilocos Sur (RBSM), as it expands beyond consumer lending and prepares to roll out digital banking products. In a statement on Wednesday, June 10, the company said ₱500 million has...
Philippine banks expanded credit lines to micro, small, and medium enterprises (MSMEs) in the first quarter of 2026, yet the financial sector continues to fall short of regulatory minimums intended to support the country’s smaller firms. Latest data from the Bangko Sentral ng Pilipinas (BSP)...
Despite easing inflation in May, pressure is mounting on the Bangko Sentral ng Pilipinas (BSP) to raise interest rates by 50 basis points (bps) at its June 18 policy meeting, as analysts see the moderation in price growth as short-lived and argue that a smaller hike could come at the expense of the...
Despite widespread public concern about climate change, financing and institutional constraints continue to hamper the Philippines’ efforts to strengthen climate resilience and adaptation measures, according to state-run policy think tank Philippine Institute for Development Studies (PIDS). In...
Bank lending accelerated to its fastest pace in nine months in April, fueled by the sharp rebound in credit demand from corporate borrowers and steady household spending. Preliminary data released by the Bangko Sentral ng Pilipinas (BSP) showed that outstanding loans granted by universal and...
The Philippines’ gross international reserves (GIR) dropped to their lowest level in 16 months in May, driven by the global downturn in gold prices and persistent outflows from foreign investments. The nation’s stockpile of foreign currencies and liquid assets retreated to $104 billion at...
