Thursday, 10 July 2025, 10:20 am

    Jun Vallecera

    86 POSTS

    BSP keeps policy rate steady but signals prompt hike if warranted

    The Bangko Sentral ng Pilipinas kept the rate at which it borrows from and lends to banks unchanged on Thursday at 6.25 percent but made it perfectly clear the policy-making monetary board will act as quickly as at its next rate-setting meeting in November and raise the polic ratey should this be warranted.

    Fitch projects better reinsurance activities in lead up to 2024

    Global credit watcher Fitch Ratings has recalibrated the year's reinsurance outlook to "improving" from "neutral" a while earlier to reflect the sector's strengthening financial performance going into 2024.

    Small plastic cards helped boost 1Q deposits 432% higher to P27 billion

    The number of so-called basic deposit accounts (BDA) rose 170 percent in the first three months this year to 21.9 million from only 8.1 million a year ago, the Bangko Sentral ng Pilipinas (BSP) said on Friday.

    BPI coal loan exposure drastically falls over three years

    The Bank of the Philippines Islands (BPI), which counts itself a strong supporter of sustainable financing, has brought down its exposure to coal loans from a high 45 percent of portfolio in 2020 to only 29 percent thus far this year.

    While sanguine about improved finances, 7 in 10 Filipinos eventually drop plans of acquiring a loan – survey

    More than eight of 10 in the Visayas and Mindanao are sanguine about their personal finances improving over the next 12 months, according to...

    Just in

    Seafront divests from Hermosa Ecozone for P325M

    Seafront Resources Corp., a publicly listed investment holding firm under the Yuchengco Group, has sold its entire 11.33% stake in Hermosa Ecozone Development Corp. for P325 million.

    DOE reaffirms energy stability drive for off-grid islands

    The Department of Energy (DOE) has reaffirmed its commitment to ensuring stable fuel and power supply across the country, with particular focus on off-grid and island communities.

    New organic pesticide gets PCA nod to fight cocolisap

    The Philippine Coconut Authority (PCA) has approved the use of CropGuard, a locally developed pesticide by Chemrez Technologies Inc., as an alternative treatment for coconut scale insect (CSI), or cocolisap, signaling a shift toward more sustainable pest control policies.

    Hydrogen exploration kicks off in clean energy push

    The Department of Energy (DOE) has conducted a reconnaissance survey in Zambales and Pangasinan preparatory to crafting the country’s first native hydrogen exploration service contracts. The effort is a critical step in positioning hydrogen as a resource in the country’s clean energy transition, particularly through co-firing with natural gas to reduce emissions.
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