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ATI’s Batangas passenger port expansion kicks off

In support of government’s Build-Build-Build flagship program and in line with its investment commitment with the Philippine Ports Authority (PPA), Asian Terminals Inc. is upgrading the Batangas Port’s passenger...

Oversubscription causes BSP term deposit facility rates to decline

The rates of the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) declined on Wednesday amid oversubscription ahead of the holidays. Data released by the central...

Fitch Ratings sees PH banks’ profitability remaining stable

The profitability of Philippine banks is seen to remain stable due to higher loan growth and lower credit provisioning, factors which Fitch Ratings expects...

Govt borrowings soar by almost 1,320% in October compared to same month last year

The national government’s gross borrowings in October soared by almost 1,320 percent to over P663 billion compared to the P50.27 billion recorded in the...

BSP pushes credit risk database to improve MSMEs’ access to finance

The Bangko Sentral ng Pilipinas (BSP) is prioritizing digitization to help establish a credit risk database to improve the access of micro, small and medium enterprises (MSMEs) to financing. In his...

Pag-IBIG Fund sees 2020 net income reaching P28B

Despite the coronavirus disease 2019 (Covid-19) pandemic, the Home Development Mutual Fund (Pag-IBIG Fund) is optimistic its net income for this year would hit...

BSP formalized digital bank recognization, categorization

The Bangko Sentral ng Pilipinas (BSP) has approved the recognition of digital banks, creating a new category for them that is separate and distinct from...

Philippine Airlines seeks debt restructuring amid Covid struggle

Flag-carrier Philippine Airlines (PAL), further reeling from the coronavirus disease 2019 (Covid-19) pandemic, is seeking a restructuring of its huge debts amid the massive...

Moody’s unit warns of hardships for less-skilled workers after Covid pandemic

Moody’s Investors Service is warning that less-skilled workers face bleak job prospects in the post-coronavirus disease 2019 (Covid-19) era, particularly in the Asia-Pacific region...