Global credit watcher Fitch Ratings has recalibrated the year's reinsurance outlook to "improving" from "neutral" a while earlier to reflect the sector's strengthening financial performance going into 2024.
After the combined rate reduction of P1.0121 in the past two months, the Manila Electric Company (Meralco) announced Friday an upward adjustment of P0.5006 per kWh in the electricity rate this September. With this, overall rate for a typical household is P11.3997 per kWh this month from P10.8991 per kWh in August.
The Department of Agriculture on Thursday boasted of 95 percent compliance by rice retailers to Executive Order 39 capping the price of the staple to a set number.
The gross international reserves (GIR), an indication of a country's capacity to pay for maturing foreign debt and trade obligations, stood marginally lower in August to $99.8 billion from only $99.9 billion in July, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.
Philippine National Bank launched the second year of its Sustainability Summit Workshop Series on August 4, reaffirming its long-term commitment to embedding environmental, social, and governance (ESG) principles across its operations.
As parents, we all want to hear the words, “I want to be like you, Mama,” knowing our children aspire to follow in our footsteps. But life doesn’t always go as planned. What happens when you're no longer around to support their dreams?
Lower rice prices and easing costs of meat, poultry, and fruits—tempered by interventions of the Department of Agriculture as directed by President Ferdinand Marcos Jr.--continued to shield the country’s most vulnerable households from the full impact of rising consumer prices in August, even as headline inflation picked up pace.
The Financial Stability Coordination Council (FSCC) is developing an enhanced monitoring framework for non-bank financial institutions (NBFIs) to bolster the resilience of the Philippine financial system.