January, 2025

• 19 January

  Banks’ NPL ratio hits two-month low in Nov.

  

  The share of non-performing loans (NPLs) in total loans of Philippine banks fell to a two-month low in November 2024, according to data from the Bangko Sentral ng Pilipinas (BSP) released last week. The NPL ratio in November stood at 3.54 percent, a slight decline from 3.60 percent in October 2024. This marked the lowest ratio since September 2024, when …

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• 19 January

  BIR collects P2.84-T last year

  

  The Bureau of Internal Revenue (BIR) surpassed its 2024 collection target, reaching a total of P2.84 trillion, marking the first time in 20 years that it has exceeded its goal. “The BIR has collected at least P2.848 trillion for 2024. All credit belongs to the men and women of the BIR. Mabuhay po kayong lahat!” BIR Commissioner Romeo Lumagui Jr. …

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• 19 January

  OFW’s remittances up 3.5% in Nov. 2024

  

  Personal remittances from overseas Filipinos grew by 3.5 percent in November 2024, according to the Bangko Sentral ng Pilipinas (BSP). The BSP’s latest data revealed that personal remittances totaled USD3.12 billion in November, up from USD3.02 billion in the same month last year, driven by higher contributions from both land- and sea-based workers. Personal remittances include cash sent via banks …

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• 19 January

  Pasinaya 2025 launches Palaro, focus on Pinoy digital games  

  

  Immerse yourself in a world where Filipino culture, history, and mythology meet cutting-edge game design in CCP Pasinaya 2025 Open House Festival: Para sa Lahat. The country’s biggest multi-arts festival gets even more exciting with Palaro, a new festival component featuring the works of the CCP Game and Comics Development grantees on February 1 and 2, 2025. Palaro, bringing  Filipino …

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• 19 January

  Celebrate Chinese New Year with Fortune and Flavor at Taal Vista Hotel

  

  Usher in the Year of the Snake with a festive celebration of prosperity, good fortune, and exquisite flavors at Taal Vista Hotel. This Chinese New Year, Veranda restaurant invites you to indulge in a bountiful buffet featuring an array of delectable dishes meticulously curated for this special occasion. The menu promises a harmonious blend of flavors, symbolizing prosperity, joy, and …

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• 19 January

  President Marcos  assures adequate fund for NIA

  

  By Jinky Jorgio President Ferdinand R. Marcos Jr. will provide adequate funds for the National Irrigation Administration (NIA) to support the country’s irrigation programs.  In a meeting with NIA Administrator Eduardo Eddie Guillen and  officials at Malacañang Palace last week, Marcos emphasized the importance of constructing large dams not only for irrigation but also for other purposes.  Under NIA’s 2025 …

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• 19 January

  Camp John Hay investments to soar to P10B under BCDA

  

  Following  its successful recovery of Camp John Hay in Baguio City, the Bases Conversion and Development Authority (BCDA) is now moving forward with plans to unleash the full potential of this economic zone, with investments seen to reach Php10 billion. The BCDA is conducting a review of the comprehensive master plan of the John Hay Special Economic Zone (JHSEZ) to …

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• 19 January

  Energy sector in a better situation now – Lotilla

  

  Energy Secretary Raphael PM Lotilla claimed energy sector has seen remarkable improvements in stability and capacity under the Marcos administration. In a comprehensive update on the Philippine energy sector earlier this month, Lotilla marked  the start of 2025 with optimism and highlighted  significant milestones achieved since the administration began in July 2022. Lotilla said 1,400 megawatts of baseload capacity became commercially …

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• 19 January

  Bank consortium extends loans to finance Pangasinan solar plant

  

  A consortium of Philippine banks has extended an P18.3 billion green loan to finance the 550-megawatt Bugallon Solar Power Project in Pangasinan. The project, spearheaded by Vena Energy and MGen Renewable Energy Inc. (MGreen), the renewables arm of Meralco PowerGen Corp., is slated for completion by the fourth quarter of the year. Once operational, it is expected to produce 958 gigawatt-hours …

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• 19 January

  LRTA secures P2B for LRT-2 extension

  

  The Light Rail Transit Authority (LRTA) has secured P2 billion to deliver the preliminary works for a project that would extend the Light Rail Transit Line 2 (LRT-2) to the western segment of Manila. LRTA administrator Hernando Cabrera told reporters his agency can finally pursue the initial works for the LRT-2 West Extension Project this year. Cabrera said the LRTA …

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