Top News
BSP optimistic about PH’s Grey List exit
The Bangko Sentral ng Pilipinas on Tuesday expressed optimism the Philippines could soon exit from the Financial Action Task Force’s grey list, following a recent statement from the international watchdog recognizing the country’s reforms in anti-money laundering and counter-terrorism financing initiatives.
Meralco poised for record performance with 17% income surge in 9 months
The Manila Electric Co. (Meralco) on Monday announced a robust 17 percent increase in core net income for the first nine months of 2024, reaching P35.1 billion versus only P30.02 billion in the same period last year.
PSE projects capital raising of up to P150B in 2025
The Philippine Stock Exchange Inc. (PSE) is projecting significant growth in capital raising, anticipating totals between P140 billion and P150 billion in 2025, buoyed by several high-profile initial public offerings (IPOs).
IMFC calls for global economic reforms
The International Monetary and Financial Committee (IMFC), chaired by Muhammed Aljadaan, Saudi Arabia's Minister of Finance, on Friday in Washington DC underscored the urgent need for global economic policies aimed at achieving a soft landing and breaking away from the current low growth-high debt trajectory of member countries of the International Monetary Fund.
Banks maintain loan standards amid mixed economic signals
A substantial majority of banks or 80.4 percent of their number reported maintaining their credit standards for business loans in the latest Q3 2024 iteration of the senior bank loan officers’ survey (SLOS) of the Bangko Sentral ng Pilipinas (BSP).
