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Bank lending still growing but at slower pace in August

Bank lending continued to expand in August but at a slower rate of 7.2 percent, significantly less than lending growth averaging 7.7 percent in July, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday, citing preliminary data.

Meta floats $14 a month ad-free plan for Instagram, Facebook in EU – WSJ

Meta Platforms is exploring a plan that could make users in the European Union shell out as much as $14 to access ad-free versions of Instagram or Facebook or agree to personalized ads for the free versions, the Wall Street Journal reported on Monday.

Government debt widens by P931B to P14.35T at end-Aug

The government on Tuesday reported total outstanding debt rising P930.72 billion in August to P14.35 trillion from its level at the end of 2022...

DA lists factors favoring lifting of rice price cap

An interagency committee has laid the predicate—declining prices and increasing supply--for President Ferdinand Marcos Jr. to lift the price cap on rice he implemented last month to curb inflation and buy time to go after grain smuggler and hoarders.

ESG bonuses are on the rise: Are they improving sustainability or just increasing executive wealth?

An increasing number of companies are paying bonuses to executives in the pursuit of sustainability. Driven by an ever-growing focus on global issues, more than three-quarters of large, publicly traded companies in Europe and North America now use environmental, social and corporate governance (ESG) metrics when determining executive bonuses.

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New breathalyzer tells when your body burns fat

Forget stepping on the bathroom scale. The next big weight-loss gadget could simply ask you to breathe.

ICTSI pays $130M to sustain Brazil expansion

International Container Terminal Services Inc. (ICTSI) is paying USD130 million to expand deeper into Brazil, bullish on the prospect that the South American country's booming agricultural exports will fuel its next phase of growth.

Taal Vista Hotel taps veteran hotelier for growth

A heritage hotel is getting a new hand at the helm.

Philippines faces US tariff despite forced labor reforms

The Philippines will still face a 12.5 percent tariff on most exports to the US after Washington concluded its latest Section 301 review, finding that Manila had not yet effectively enforced a ban on imports produced through forced labor despite newly adopted reforms.

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