Domestic lenders demanded higher lending rates from the government through the sale of long-dated debt papers, but the government rejected the bids after deeming the rates too expensive while demand remained subdued. During the latest treasury bond (T-bond) auction on Tuesday, July 14, the Bureau...
Local government units (LGUs) showed a significant jump in the number of loan requests in May 2026 compared to a year ago, with the total financing amount increasing to ₱4 billion as borrowing efforts—which were put on hold during the 2025 midterm election period—surged back. The latest...
Filipinos are increasingly relying on smaller but more frequent digital loans to cover daily expenses and short-term financial needs, prompting lenders to shift their focus from simply attracting new users to building long-term customer relationships. According to mobile measurement and analytics...
After the borrowing overshoot in the first quarter, the Marcos administration continued stepping on the brakes in the months that followed until May, bringing gross debt to ₱1.24 trillion in the first five months of 2026, lower than the ₱1.33 trillion recorded in the same period last year....
Despite the Philippine government’s declaration that it has completed its offshore borrowing program for the year, British banking giant Barclays expects the country to raise an additional $2 billion in foreign debt by year-end to help finance the record ₱6.793-trillion 2026 national budget and...
The Marcos administration is seeking up to ₱91 billion ($1.5 billion) in fast-disbursing financial assistance from the Asian Development Bank (ADB) to bolster its response to an ongoing energy crisis, according to the Department of Finance (DOF). Finance Secretary Frederick D. Go told reporters...
To complement its enhanced credit exposure reporting and credit management system, the Bangko Sentral ng Pilipinas (BSP) is expanding access to credit information, allowing individual and corporate borrowers to view their own credit data upon identity verification. This initiative is part of a...
Local government units (LGUs) showed a slight uptick in loan requests in April 2026 compared to the same month last year, even as the total financing amount saw a sharp decline to ₱2.7 billion due in part to budget surpluses typical of a non-election period. According to the latest data from the...
Domestic lenders sought higher yields due to political uncertainty, such that the government fell short of its planned up to ₱33-billion borrowing from short-dated debt paper on Monday, May 18. The Bureau of the Treasury (BTr) raised just ₱25.4 billion during its latest treasury bills...
FinVolution Group launches the luvit Card in the Philippines, giving Filipinos a fast, flexible, and accessible way to pay online and in stores The luvit Card is a Mastercard-powered credit card designed for everyday Filipinos who want a simpler, faster way to access credit. The luvit Card is...
Local banking sector showed signs of resilience in February as lending growth by major lenders accelerated, snapping the cooling trend that had sent credit expansion to a near two-year low the previous month. According to the latest data from the Bangko Sentral ng Pilipinas (BSP), bank lending...
The Marcos administration posted ₱339.6 billion in gross borrowings in February, nearly half of a year ago’s financing, but ₱126.5-billion higher than the gross debt in January. According to the Bureau of the Treasury (BTr), the February figure was nearly 49-percent lower than the ₱663.4...
