Bank lending surges while money supply growth cools slightly
The Bangko Sentral ng Pilipinas (BSP) reported a pick-up in bank lending activity alongside a slight cooling in overall money supply expansion for July, signaling continued economic momentum driven by robust borrowing.
Philippine jobless rate up as more seek jobs
The Philippine labor market took a sharper turn in July as unemployment climbed to 6.0 percent, even as more Filipinos entered the workforce, pointing to a widening gap between the number of people seeking jobs and available opportunities.
ASEAN oil stockpiling plan gains support from five countries
The Philippines’ push for an ASEAN oil stockpiling mechanism is gaining momentum, with five countries signaling support for a regional system designed to cushion members from future supply disruptions, Trade Secretary Cristina Roque said.
PH data centers eye catch-up with Singapore, Malaysia
The Philippines has room to narrow its data center gap with Singapore and Malaysia, with abundant land, expanding power capacity, and rising investor interest giving the industry room to grow, the Data Center Association of the Philippines (DCAP) said.
PhilWeb commits P4.23B to JKS Tech
PhilWeb Corp. is committing a combined P4.23 billion to JKS Tech Solutions Inc., deepening its exposure to the Philippine digital infrastructure and technology sector through subscriptions to shares of the B2B platform company.
