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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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Meralco sustains anti-pilferage drive, cites risks of illegal connections

Manila Electric Co. (Meralco) is pursuing an aggressive anti-electricity pilferage campaign in a bid to ensure stability and reliability of its distribution network, while promoting public safety.

DA clears first ASF vaccine for commercial use, aiding swine recovery

The Bureau of Animal Industry has approved AVAC ASF LIVE—developed by AVAC Vietnam—as the first African Swine Fever vaccine for commercial sale in the Philippines, nearly seven years after the 2019 outbreak cut the national hog herd from 13 million to roughly 8 million heads.

Eala wins initial match in US Open via sweep

Alex Eala opened her US Open campaign in emphatic fashion.

Habagat, storm damage to agriculture tops ₱3.39B; economic impact deepens

Damage to the agriculture sector from the enhanced southwest monsoon (Habagat) and Tropical Cyclones Luis, Maymay, and Neneng has climbed past the ₱3 billion mark, rising to ₱3.39 billion as of 2 p.m. September 2, the Department of Agriculture (DA) confirmed. The figure is up from ₱2.84 billion just 30 hours earlier, at 8 a.m. September 1 — and authorities warn the total will likely rise as field assessments continue.

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