The outstanding loans from universal and commercial banks continued to rise in October although growth eased a bit. Preliminary Bangko Sentral ng Pilipinas (BSP) data show bank lending grew 10.3 percent year-on-year, down from 10.5 percent in September. On a month-to-month basis, lending increased 0.6 percent after seasonal adjustments.

State-owned Philippine Guarantee Corp. (Philguarantee) has partnered with Discovery Capital Finance Corp. (DCFC) to widen credit access for small and medium enterprises (SMEs) across the country.

The Department of Transportation (DOTr) and the Bases Conversion and Development Authority (BCDA) have signed a new agreement to turn Clark International Airport (CRK) into a leading center for industrial, manufacturing, transport and related services.