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.
India has cut the floor price for basmati rice exports to $950 per metric ton from $1,200, a government source told Reuters on Thursday, after farmers and exporters complained it was damaging the trade by stalling shipments.
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.
The Union Bank of the Philippines has relaunched its Citi credit card business and bared four new products under the UnionBank brand to cater to the different needs and lifestyles of its customers.
South Korean actors Kim Myung Soo and Choi Bo Min have been appointed as the Philippines’ newest Tourism Ambassadors by the Tourism Promotions Board (TPB), strengthening efforts to attract more Korean visitors to the country ahead of 2026.
Meralco executives, together with Energy Secretary Sharon S. Garin, Energy Regulatory Commission chairman Francis Saturnino C. Juan, Quezon Province Governor Dr. Angelina D.L. Tan, and Mauban Mayor Erwin Dwight C. Pastrana led the ceremonial lighting on December 18, 2025.
A Washington, D.C.–based consulting firm is setting its sights on the Philippines’ eastern seaboard, with potential seaport development in Aurora now on its radar.