Economy
Powering tomorrow’s ecozones, one grid at a time
The Manila Electric Co. (Meralco), the country’s largest power distribution company, is positioning itself at the center of the Philippines’ next wave of industrial growth after sealing a strategic pact with the Philippine Economic Zone Authority (PEZA).
Slower November inflation bolsters case for BSP rate cut
Inflation cooled to 1.5 percent in November, its slowest pace in three months, as rice and corn prices stayed down and cost pressures across several key consumer items eased, the Philippine Statistics Authority reported Friday.
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.
