The National Government added in the first three months of this year a total P309.45 billion to its outstanding debt, pushing the total to P14.93 billion, up 2.1 percent from December and 7.2 percent from the end of March 2023.
Agricultural loans and services as percent of the banks' loan portfolio in 2022 widened to 18.1 percent from only 17.6 percent in 2021, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
Palay production in the first quarter was down 1.97 percent to 4.69 million metric tons, the latest estimate of the Philippine Statistics Authority showed.
The Manila Electric Co. (Meralco) is pursuing a pre-feasibility study with American firm Ultra Safe Nuclear Corp. to develop the technology for a micro-modular reactor the country can use before 2028.
Inflation across the Philippines is forecast to range as low as 3.5 percent but should not top 4.3 percent in April in latest simulations conducted by the Bangko Sentral ng Pilipinas (BSP).
P&G Philippines and the Philippine Red Cross (PRC) are preparing 90,000 health and hygiene relief kits for disaster-prone communities, extending a partnership aimed at keeping essential supplies accessible when emergencies disrupt daily life.
President Ferdinand Marcos Jr. has reshuffled the leadership of the Department of Transportation (DOTr) and Department of Public Works and Highways (DPWH), seeking faster infrastructure delivery, better public services and stronger safeguards against corruption.
Vista Land & Lifescapes Inc. hit its P24.2-billion earnings target in 2025, as the property developer ramped up housing launches and focused on extracting more value from its nationwide landbank.
Bank of Commerce (BankCom), an affiliate of San Miguel Corp., has opened a public offering of at least P5 billion in fixed-rate bonds, with annual interest rates up to 7.6563 percent, to diversify funding sources and manage its balance sheet.