The latest
Economy
Cash remittances hit $3.24 billion in July, sustaining consumption and growth
Cash sent home by overseas Filipino workers rose to 3.24 billion U.S. dollars in July 2026, marking a 1.9 percent growth compared to the 3.18 billion U.S. dollars recorded in the same month last year. The increase reflects a steady, upward trend that continued through the first seven months of the year, signaling enduring financial support from overseas workers despite global economic uncertainties.
Banking & Insurance
Asialink opens ₱100 million capital pipeline
Asialink Finance Corporation (AFC) has expanded its financing support with the introduction of the GrowBiz Loan, a new program designed for businesses that offer medium enterprises access to up to ₱100 million in funding. This seven-year term program represents a five-fold increase in maximum loan amount and a two-year repayment extension compared with the company’s existing Real Estate Mortgage Loan capped at ₱20 million over only five years.
Energy & Mining
MGEN says Terra Solar 2 project remains preliminary
Meralco PowerGen Corp. (MGEN) said its proposed Terra Solar 2 project remains in the early stages of evaluation, tempering earlier reports of a potential expansion of its large-scale renewable energy portfolio.
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