The Philippine banking system’s gross non-performing loan (NPL) ratio dropped to its lowest level in three months, as robust growth in total bank lending helped offset a slower rise in soured loans. The latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the banking industry’s...
The Marcos administration's chief economic manager has signed another loan agreement with the World Bank, committing to repay the concessional financing until 2053. A World Bank document showed that Finance Secretary Ralph G. Recto, on behalf of the Philippine government, signed the loan agreement...
The Bangko Sentral ng Pilipinas (BSP) reported that the local banking system’s gross non-performing loan (NPL) ratio remained unchanged in February, as faster loan growth offset the rise in bad loans. The latest data from the BSP showed that the banking industry’s gross NPL ratio steadied at...
The Philippines will repay until 2053 two of the four loans greenlit by the Washington-based World Bank last month, worth a total of $950.54 million or about ₱54.6 billion, that will finance health services and transport connectivity in Mindanao and other poor provinces in the country. World...
After the World Bank loan for the delayed project aimed at mitigating flooding in Metro Manila was extended last year, the Washington-based multilateral lender reported implementation progress at a number of pumping stations. In a March 27 implementation status and results report, the...
The Bangko Sentral ng Pilipinas (BSP) reported that the local banking system’s gross non-performing loan (NPL) ratio increased in January, worsening from the one-year low in December last year. The latest data from the BSP showed that the banking industry’s gross NPL ratio increased to...
Aside from strengthening his Free College Law and ensure the availability of jobs, former senator Bam Aquino also wants to expand the Microfinance NGOs Act to protect Filipinos from falling victims to loan sharks or the “5-6” moneylenders. Bam Aquino gives away flowers to women who...
The Social Security System (SSS) is eyeing to lower loan interest rates while expanding its coverage among self-employed workers this year. According to an SSS statement released on Feb. 15, the state-run pension fund for private sector employees has listed in its 2025 pipeline of upcoming...
Senate President Francis “Chiz” Escudero on Friday, December 6 lauded President Ferdinand “Bongbong” Marcos Jr. for signing into law Republic Act Number 10277 or the Student Loan Payment Moratorium During Disasters and Emergencies Act, saying it will help curb the cases of enrollees...
House Speaker Martin Romualdez (Speaker’s office) A big relief for students, particularly those living in disaster-hit areas. That's how Speaker Martin Romualdez described the Student Loan Payment Moratorium During Disasters and Emergencies...
President Marcos has signed into law the Ligtas Pinoy Centers Act and the Student Loan Payment Moratorium During Disasters Emergencies Act which both aim to support families and students affected by calamities. President Ferdinand 'Bongbong' Marcos Jr. (RTVM Screenshot) Marcos signed both laws on...
The Asian Development Bank (ADB) has approved a $500 million policy-based loan to further strengthen the Philippines’ efforts to tackle climate change. In a statement, Pavit Ramachandran, ADB Philippines country director, said the Climate Change Action Program (CCAP) Subprogram 2 supports the...
