Philippine banks face rising bad-loan risk, S&P warns
Philippine banks could see their bad-loan ratio rise to as high as 7 percent from 5.6 percent as inflation squeezes household incomes, credit growth weakens, and riskier unsecured loans come under pressure, S&P Global Ratings said.
Vivant Water desalination project boosts Cebu water supply
Vivant Water has begun supplying desalinated water to the Metropolitan Cebu Water District (MCWD), adding an initial 5 million liters per day to the system as Cebu seeks more reliable sources to meet rising demand.
Australian investors with A$1.4 trillion scout Philippine deals
Australian institutional investors overseeing nearly A$1.4 trillion in assets are in the Philippines this week to scout deals in energy, infrastructure, and other strategic sectors, bringing a potentially deep pool of long-term capital to the country.
IBPAP coalition targets global firms for $50B IT-BPM goal
The Philippines’ IT-BPM industry is mounting a fresh global investor push to help drive annual revenues past USD50 billion by 2028, with industry groups and corporate partners targeting new markets and higher-value operations.
Globe AT HOME, Grab expand on-demand fiber internet service to key PH cities
Getting fiber internet at home is now as simple as ordering food delivery, as Globe AT HOME and Grab expand the country’s first order-and-install WiFi-on-demand service to more customers in Metro Manila, Cebu, and Davao.
