Top News
Carina agriculture damage climbs to P612.62M
Damage to the agriculture sector arising from the southwest monsoon and typhoon Carina totaled an estimated P612.62 million, up 53 percent from P399.91 million reported earlier, according to the Department of Agriculture (DA).
“Sufficiently numbered TNVS ensures competition and quality delivery of service”
The Land Transportation Franchising and Regulatory Board (LTFRB) has accredited 14 new transport network companies (TNCs) in a bid to increase competition and improve the overall quality of ride-hailing services for commuters.
Banks keep 2Q loan rates steady
The outcome of the Q2 2024 Senior Bank Loan Officers’ Survey (SLOS) show most banks keeping their credit standards unchanged for loans to businesses and consumers based on the modal approach. But the diffusion index (DI) method indicated a net tightening of credit standards for business loans and unchanged lending standards for household loans.
Government budget deficit narrows in June to P209.1 billion
The National Government posted a narrower budget deficit in June—P209.1 billion compared with P225.4 billion a year ago—as revenue collection led by the Bureau of Internal Revenue and the Bureau of Customs increased faster than government expenditures.
DOE gains legislative support for proposal extending PSALM franchise beyond 2026
The Department of Energy (DOE) supports the proposal extending the corporate life of the Power Sector Assets and Liabilities Management Corp. (PSALM) beyond 2026 as part of the plan helping the government manage over P300 billion worth of power generation-related liabilities.
