Chinese automakers are closing in on American rivals in customer experience, slashing the gap to just five points this year from 29 points in 2025, with BYD posting the biggest improvement among 11 brands assessed in the Philippines.

The various banks are anticipating a stable lending environment with potential growth in borrowing activity toward the end of the year, according to the latest Senior Bank Loan Officers’ Survey conducted by the Bangko Sentral ng Pilipinas.

The Philippine Competition Commission (PCC) fined Pilipinas Enterprise Management Holdings Inc. (PEMHI) and Meralco PowerGen Corp. (MGen) P5.8 million for repeatedly missing reporting deadlines tied to their merger clearance, underscoring the regulator’s tougher stance on compliance with post-merger commitments.