Business

Bank lending saw its most significant growth in nearly two years, and domestic liquidity also accelerated in November, according to the Bangko Sentral ng Pilipinas (BSP). Preliminary data released by the BSP on Friday revealed that lending by universal and commercial banks (U/KBs) increased by 11.1 percent in November, marking the highest growth since the 13.7 percent rise recorded in …

The Bangko Sentral ng Pilipinas (BSP) is expected to continue its easing cycle this year, though fewer rate cuts are anticipated following signals from the U.S. Federal Reserve about slowing its own rate cuts, according to BMI, a unit of Fitch Solutions. “The BSP is still on track to deliver another 25-basis-point cut at its next meeting. However, the overall …

The Philippines and Japan have extended their Bilateral Swap Arrangement (BSA), securing a deal valued at up to USD12 billion, effective from January 1, 2025, the Bangko Sentral ng Pilipinas (BSP) announced in a statement recently. This renewal was officially confirmed through the signing of the Fourth Amendment and Restatement Agreement of the Third BSA by representatives from the BSP …

What started as a small act of leisure at Casino Plus turned into an extraordinary turn of fate for a single mother. Here’s her true story about resilience, luck, and hope for a brighter future. Mother’s Unyielding Determination In a quiet neighborhood, a devoted mother poured her heart into raising her son, navigating the challenges of single parenthood. Her priority …

As  Filipinos celebrate the holiday season, the Department of Health (DOH) recently called on people to prioritize their well-being by practicing moderation in their food intake and maintaining an active lifestyle.  This is particularly important given that cardio-vascular diseases, specifically ischemic heart disease (IHD), remain the leading cause of death in the Philippines. To provide expanded financial coverage associated with …

The Government Service Insurance System (GSIS) has set aside nearly P8.6 billion in emergency loans for 363,547 active members and old-age and disability pensioners affected by various typhoons. In the province of Isabela, the deadline for application is last January 4, while the deadline for application in the provinces of Ifugao and Nueva Vizcaya, and the towns of Burgos and Bautista …

LandBank reaffirms its financial strength and stability, following the bank’s P50-billion contribution to the Maharlika Investment Fund (MIF), and remains fully committed to its mandate as a reliable partner to the national government’s inclusive development agenda.   The state-run bank has consistently exceeded the minimum requirements of the Bangko Sentral ng Pilipinas (BSP) for Capital Adequacy Ratio (CAR) — a critical …

East Java Multipurpose Terminal (EJMT), International Container Terminal Services, Inc.’s (ICTSI) operation in Indonesia, successfully welcomed its first container ship since commencing operations at the new deep-water terminal in mid-October. The XinYi Glass made its inaugural call to Indonesia  last Saturday, December 14, selecting EJMT for its container discharge operations.  The cargo is destined for XinYi Glass’s new factory in …

Barcelona, spain – Showcasing the best of what the Philippines has to offer as an ideal Meetings, Incentives, Conferences, and Exhibitions (M.I.C.E.) destination, the Tourism Promotions Board (TPB) Philippines participated in IBTM World 2024 from November 19 to 21 at Fira Barcelona Gran Via, which yielded 203M sales leads. IBTM World is one of the leading global M.I.C.E. events held …

The Philippine Postal Corporation (PHLPost) has reduced its fuel price consumption and the price of gasoline at nearly half of the cost it pays in previous years relying heavily on fuel for its fleet of mail delivery vehicles and motorcycles nationwide.  Postmaster General Luis D. Carlos said the move to reduce fuel prices will impact sustainability in the continuous delivery …