Top News
Fuel prices expected to drop after five serial weeks of increases
Motorists may finally see relief at the pump as local fuel prices are projected to decrease this week, marking the first rollback following five straight weeks of price hikes.
World Bank approves P15.6B Philippine water security project
The World Bank Group has approved a USD268.6-million, or about P15.6-billion, water and sanitation project for the Philippines that is expected to create up to 46,500 jobs over the next 25 years while improving climate resilience in three island provinces.
Business sentiment bounces back as companies plan expansion and hiring
Businesses around the country turned significantly more optimistic in June this year, setting the stage for stronger economic growth as companies plan to expand operations and hire more workers over the coming year.
Slower bank lending, softer liquidity point to cautious economy
The engine powering the nation's money supply in June slowed its pace as both corporate and individual borrowers took a step back. Growth in loans from universal and commercial banks eased to 9.8 percent year-on-year, down from a faster 12.1 percent sprint in May.
Banks signal stable lending standards and growing loan demand for Q3 2023
The various banks are set to keep their lending standards mostly unchanged through the third quarter of 2026, pointing to a resilient banking system that remains well-positioned to drive economic growth despite ongoing geopolitical uncertainties.
