Consumer loans eases to 22.8 percent in October
Consumer loans continued to expand in October this year but at a slower pace of only 22.8 percent from 23.5 percent in September, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday.
DOTr works around court injunction to eliminate driver’s license backlog by May next year
Department of Transportation (DOTr) Secretary Jaime J. Bautista has found a shortcut addressing the multimillion backlog in driver's license woes and put an end to a saga occasioned by an ongoing court injunction.
BSP data suggests a stay in benchmark interest rate
Latest Bangko Sentral ng Pilipinas (BSP) data boost the likelihood the monetary authorities will keep the rate at which they lend to or borrow from the banks where they stood two weeks earlier when the policy-making monetary board (MB) announced an off-cycle adjustment.
Moody’s unit forecasts lower 3Q expansion of only 5.1 percent
Local output expansion measured as the gross domestic product (GDP) is forecast to reaccelerate in the third quarter and average at least 5.1 percent, analysts at Moody's Analytics said on Monday.
Tax effort seen exceeding 2023 target
The interagency Development Budget Coordination Committee (DBCC) is sanguine of revenue as percent of local output expansion, measured as the gross domestic product (GDP), exceeding this year's target and equal at least 15.7 percent of GDP.
