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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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BIR sets year-end deadline for e-invoicing compliance

Businesses covered by the Bureau of Internal Revenue’s (BIR) electronic invoicing mandate have until year-end to upgrade billing and accounting systems, potentially adding to software, technology and training costs.

Philippine-EU trade deal key as GSP+ exit nears

The Philippines is pushing for a free trade agreement (FTA) with the European Union to protect preferential market access and shield exporters from higher tariffs as the country moves closer to losing eligibility for the EU’s Generalized Scheme of Preferences Plus (GSP+).

UK seeks immediate trade gains with Philippines

The United Kingdom is seeking to deepen trade and investment ties with the Philippines without waiting for Manila’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), signaling a parallel approach to bilateral and regional economic integration.

Taiwan firm brings robotics manufacturing to Batangas

Taiwan-based CQS Precision Die Casting Inc. is expanding into the Philippines with a new manufacturing facility in Batangas, adding robotics production to the industrial mix at LIMA Estate.

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