Tag: Department of Finance

Bank lending and money supply continued to expand in January 2026, indicating steady credit conditions in the financial system, according to the Bangko Sentral ng Pilipinas (BSP). The latest data show that while credit growth remains strong, the pace of expansion has slightly moderated.

The Department of Energy (DOE) has cracked down on fuel retailers that allegedly ignored the government-backed staggered fuel price increase scheme, issuing at least 55 show cause orders to stations suspected of irregular pricing practices.

ACEN Corp., the renewable energy arm of the Ayala Group, reported a sharp drop in net income for 2025 as weaker power prices, weather disruptions, and asset impairments weighed on earnings despite strong growth in renewable energy output.

The Department of Transportation (DOTr) has ordered stricter enforcement against public utility vehicle drivers who overcharge passengers as fuel prices continue to rise.