Economy
Lending slows but liquidity growth picks up in October
The outstanding loans from universal and commercial banks continued to rise in October although growth eased a bit. Preliminary Bangko Sentral ng Pilipinas (BSP) data show bank lending grew 10.3 percent year-on-year, down from 10.5 percent in September. On a month-to-month basis, lending increased 0.6 percent after seasonal adjustments.
State guarantee to power wider SME loans under DCFC partnership
State-owned Philippine Guarantee Corp. (Philguarantee) has partnered with Discovery Capital Finance Corp. (DCFC) to widen credit access for small and medium enterprises (SMEs) across the country.
Export targets trimmed, push for growth intensified
The Department of Trade and Industry has trimmed its export ambitions—but not its appetite for acceleration.
Gov’t debt piles higher on peso slide, new borrowing
The outstanding debt of the national government climbed to P17.56 trillion in October, rising by P106.78 billion from September as fresh borrowings and a weaker peso pushed obligations to a new record high.
Philippines stakes bold industrial future, unveils Tatak Pinoy plan
The Department of Trade and Industry (DTI) on Monday rolled out the Tatak Pinoy Strategy (TPS), the Philippines’ first national industrial policy, positioning the country for a major economic showcase as it prepares to host ASEAN meetings in 2026.
