Top News
Strategic liquidity management helps fuel 10-month loan growth
Lending activity among banks remained robust in October, with universal and commercial banks (U/KBs) reporting a 10.6 percent year-on-year expansion in outstanding loans, slightly easing from the 11 growth in September, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
National government posts P6.3B surplus in October
The national government (NG) reported a strong fiscal performance in October, recording a P6.3 billion surplus, a significant turnaround from the P34.4 billion deficit in the same month last year.
MGen expands coal-fired plans despite moratorium
Manila Electric Co.'s (Meralco) power generation arm, Meralco Power Gen Corp. (MGen), is actively pursuing the development of new coal-fired power plants, despite a government-imposed moratorium on new coal projects.
S&P upgrades PH credit outlook to ‘Positive,’ paving way for potential A-rating
S&P Global Ratings has raised the country's credit rating outlook to "positive," signaling a potential upgrade to an "A-" rating within the next 24 months.
T-bill rates tick higher in anticipation of global monetary shifts
The average rates of treasury bills were higher at the auction Monday as the market awaits further monetary policy signals both from the US and the Bangko Sentral ng Pilipinas.
