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Banks kept loan standards steady in 3Q
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
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%
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
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
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.
