FCDUs bolster foreign reserves as outstanding loans grow
Outstanding loans granted by the foreign currency deposit units (FCDUs) of Philippine banks reached USD15.75 billion, marking a 0.7 percent rise from the previous quarter and a 1.6 percent year-on-year increase.
PSE ends year strongest since 2019
The Philippine Stock Exchange (PSE) closed out 2024 on a high note, marking the first year-on-year gain since before the pandemic, as investors gained confidence despite external and internal challenges. The benchmark index, the PSEi, finished at 6,528.79 points, up 78.75 points or 1 percent from its 2023 close of 6,450.04 points, signaling a promising return to growth.
NFA ready for rice releases this holiday season
National Food Authority administrator Larry R. Lacson assures the public that the agency is ready to release NFA rice to relief giving institutions in the occurrence of emergencies and calamities even on holidays.
Meralco Foundation brings solar lamps, support to remote community
The One Meralco Foundation (OMF) has distributed solar lamps to 120 beneficiaries on Pag-Asa Island, the lone barangay in Kalayaan, Palawan.
Rice scientists search for low-GI varieties to fight diabetes
As diabetes continues to rise as the fourth leading cause of death in the Philippines, researchers at the Philippine Rice Research Institute (PhilRice) are exploring ways to make rice safer for people with the medical condition.
