Consumer purchases, real estate loans help push bank lending 7 percent higher in December
The outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas, grew by 7 percent year-on-year in December 2023, the same rate of increase a month prior. On a month-on-month seasonally-adjusted basis, outstanding universal and commercial bank loans, net of RRPs, increased by 0.3 percent.
DA takes quick steps to help farmers in El Nino-affected areas
The Department of Agriculture will distribute vegetable seeds in Western Visayas and procure planting materials for high value crops that need less water for Zamboanga Peninsula to help thousands of farmers cope with the damage and losses caused by El Niño.
Only recently toll-free, CALAX begins toll operations in two days
MPCALA Holdings Inc., operator of the Cavite-Laguna Expressway (CALAX), is implementing new toll rates at the Silang (Aguinaldo) Interchange beginning 10 February at 12 a.m.
Higher generation charge push February power rates up; FIT-All collection resumes
The Manila Electric Company (Meralco) on Thursday announced an upward adjustment of P0.5738 per kWh in the February electricity rate. This brings the overall rate for a typical household to P11.9168 per kWh this month from P11.3430 per kWh in January.
Telco and partners launch education program on the power of technology in farming
As part of the bid to bridge the digital divide and empower farmers, leading telco PLDT and Smart, along with the Department of Agriculture's training arm DA-ATI, on Thursday launched the FarmTech program.
