Tag: Christmas Spending

Borrowing in foreign currencies by domestic industries drove a notable quarter-on-quarter increase in foreign currency deposit unit (FCDU) loans, which rose to $16.31 billion in the second quarter of 2026. This marks a 5.6 percent expansion from the $15.44 billion recorded in the previous quarter, signaling strong credit demand among key economic sectors operating in foreign trade and essential local industries.

Economic strains including higher prices for everyday goods are pushing most Filipinos to focus on covering current household expenses rather than setting money aside for future milestones, according to the latest Purple Report from East West Ageas Life Insurance Corp.

The government is expanding an existing economic zone in Cavite, opening an additional 1.46 hectares for companies seeking sites to establish or expand operations in the province.

Shareholders of ABS-CBN Corp. on Wednesday gave the green light to a P6-billion new investment infusion, alongside the issuance of additional shares first announced in August.