Top News
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.
DOE targets electricity theft to cut power bills as Meralco warns of massive losses
The Department of Energy is eyeing immediate measures to curb electricity pilferage as part of the government’s push to remove system loss charges from consumer bills, though major industry players warn the plan could carry a massive price tag.
Marcos says Philippines ‘will not yield’ on West Philippine Sea
President Ferdinand Marcos Jr. delivered one of the strongest foreign policy messages of his administration on Monday, declaring that the Philippines "will not yield" in defending its sovereignty and reaffirming the country's commitment to the landmark 2016 Arbitral Award on the West Philippine Sea.
