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Consumer

PDIC enhances loan incentive program, extends benefits to more borrowers

The Philippine Deposit Insurance Corporation (PDIC) has significantly enhanced and extended its Closed Bank Loan Incentive Program (CLIP) into 2025, now dubbed CLIP 3.0,...

BSP approves $6.29 billion in public sector foreign borrowings in Q1

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved US$6.29 billion in proposed foreign borrowings by the public sector during the...

Franchising fuels economic growth, drive MSME expansion, job creation – DTI chief

Trade and Industry Secretary Cristina A. Roque spotlighted the Philippine franchising sector’s strong potential to drive national economic growth by accelerating MSME expansion and...

Senior Bank Loan Officers’ Survey: credit standards largely unchanged, but loan demand rising

The Q1 2025 Senior Bank Loan Officers’ Survey (SLOS) revealed that most banks kept their credit standards for both business and consumer loans steady,...

BDO posts 6.5% increase in net income to P19.7 billion in Q1 2025

BDO Unibank (BDO) announced a robust net income of ₱19.7 billion for the first quarter of 2025, marking a 6.5% increase compared to the...

TESDA workers gain access to social security benefits through new partnership with SSS

In a significant move to enhance the social security coverage for its workforce, the Technical Education and Skills Development Authority (TESDA) has partnered with...

Macquarie tops Extel’s 2025 Asia (ex-Japan/ANZ) broker ranking for another year

Macquarie has once again secured the top position in Extel's 2025 Asia (ex-Japan/ANZ) Local Broker survey, achieving the highest overall score of 59 points....

Laguna water units pioneer retail electricity aggregation outside Metro Manila

Laguna Water and Laguna Aquatech (LARC), Manila Water's operating units serving areas outside the East Zone in Laguna Province, have achieved a significant milestone...

ADB delivers record support for Asia-Pacific development in 2024

The Asian Development Bank (ADB) significantly boosted its support for Asia and the Pacific in 2024, committing a substantial $39.2 billion to tackle complex...

DA rolls out program to make PhP20/kilo rice available to the public

The administration of President Ferdinand R. Marcos Jr. announced plans for the pilot rollout of the PhP20-per-kilo rice initiative, which will begin in the...

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