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Banks kept loan standards steady in 3Q

Banking & Insurance Context.ph Context.ph -
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 cuts floor price for basmati rice exports to revive shipments

Agriculture Reuters Reuters -
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.

MB heads off expanded price pressures with off-cycle policy rate adjustment to 6.5%

Banking & Insurance Context.ph Context.ph -
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.

UnionBank relaunches credit card business

Banking & Insurance Context.ph Context.ph -
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.

Biofuel mix adjustments should help temper fuel price increases – DOE

Energy & Mining Context.ph Context.ph -
The Department of Energy (DOE) on Tuesday said an adjustment in the biofuels mix is in the works as part of broad efforts to temper high fuel prices.
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Topline expands fuel network, storage capacity

Energy & Mining 0
Topline Group of Companies is positioning for sustained energy demand growth as it expands its fuel retail network, quadruples storage capacity, and builds a more integrated supply platform across the Visayas.

CREC advances 2.3 GW renewable energy pipeline

Energy & Mining 0
Citicore Renewable Energy Corp. is preparing to roll out about 2.3 gigawatts of renewable energy capacity through 2026 and 2027, as it moves to convert a growing project pipeline into operating assets.

7-Eleven Philippines targets 5,000 stores despite bottlenecks

Corporate 0
7-Eleven Philippines is pressing ahead with its expansion toward more than 5,000 stores by year-end, even as permitting delays and power availability threaten to slow the pace of new openings.

Shell Pilipinas demonstrates operational resilience amid first-half inventory and margin pressures 

Corporate 0
Shell Pilipinas Corp. maintained uninterrupted energy supply and robust trade operations across the Philippines through the first half of the year, even as severe global market volatility and inventory holding losses led to a net loss of P1.9 billion.

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