Non-bank finance players deepen economic reach
The other financial corporations (OFCs), a key segment of the Philippine financial system outside traditional banks, insurers, and pension funds, expanded their domestic assets to ₱10.6 trillion in the first three months this year, reflecting a 4.9 percent increase quarter-on-quarter and a robust 14.6 percent growth year-on-year, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
Agri damage from typhoons, monsoon hits P3B
Damage to agriculture from the combined effects of Typhoons Crising, Dante, and Emong, along with the southwest monsoon (habagat), has reached ₱3 billion, according to a 31 July advisory from the Department of Agriculture (DA).
Gov’t pushes RICE Act to counter RTL impact
The Department of Agriculture (DA) is calling for urgent amendments to the Rice Tariffication Law (RTL), warning that the current structure threatens the survival of the local rice industry even with positive production forecasts for the year.
PAL Q2 Net Income Surges 48% to $60M
The Philippine Airlines (PAL) reported a 48 percent year-on-year increase in net income to $60 million in the second quarter of 2025, marking its 15th consecutive profitable quarter. The growth was driven primarily by a 9 percent rise in passenger volume to 4.4 million, despite pressures from softening international yields.
CIAC attracts ₱1.19B in investments following strategic rebrand
The Clark International Airport Corporation (CIAC) on Thursday reported attracting ₱1.19 billion (US$56.71 million) in new investments in the first six months this year following its strategic rebranding as an aviation-focused development agency.
