Top News
Banks kept loan standards steady in 3Q
The bulk of the country's banks, when extending loans to households or businesses, have kept their lending standards unchanged in the third quarter, the Bangko Sentral ng Pilipinas said.
Inflation to dog world economy next year, postponing rate cuts
High inflation will dog the world economy next year, with three-quarters of over 200 economists polled by Reuters saying the main risk is that it turns out higher than they forecast, suggesting interest rates will also remain higher for longer.
MB heads off expanded price pressures with off-cycle policy rate adjustment to 6.5%
The regular meeting of the monetary board (MB) of the Bangko Sentral ng Pilipinas (BSP) on Thursday turned into a rate-setting meeting instead as the six-man MB raised the rate at which it lends to banks by 25 basis points to 6.5 percent, effective tomorrow, Friday, 27 October.
Manila gives up on Beijing as ODA source for rail project
The Department of Transportation (DOTr) on Wednesday ruled out looking immediately west of Malacanang as source of sub-market loans or official development assistance (ODA) for the Mindanao Railway Project that China has apparently abandoned.
DBM allots P22 billion to strengthen healthcare services nationwide
Budget Secretary Amenah F. Pangandaman on Wednesday confirmed an allocation of P22.98 billion for the Health Facilities Enhancement Program (HFEP) of the Department of Health (DOH) designed to boost healthcare standards
