The Philippines is pressing for a calibrated overhaul of global trade rules as the 14th WTO Ministerial Conference opened on March 26 in Yaoundé, with Manila advocating reforms that preserve the core principles of the multilateral trading system.
The World Trade Organization (WTO) has urged the Philippines to sharpen its focus on digitally delivered services and climate resilience as twin engines for growth, competitiveness, and job creation, as global trade dynamics continue to shift rapidly.
The various banks accelerated their lending activity in August, driven by a steady demand for credit from key business sectors. Big banks expanded their loan portfolios by 11 percent year-on-year, picking up speed from the 10.4 percent growth recorded in July.