Marcos zeroes flood control budget for 2026
President Ferdinand R. Marcos Jr. said the 2026 national budget will no longer carry new allocations for flood control projects,…
Ilocos Norte to host 100-hectare hybrid renewable energy project
LAOAG CITY – The province of Ilocos Norte is hosting another big-ticket project on hybrid renewable energy under a lease…
Consumer loans up by 23.6 percent in July
Consumer loans continued to grow, helping stabilize bank lending in the Philippines. However, overall bank lending grew only at a…
Marcos signs law allowing foreign investors to lease lands up to 99 years
President Ferdinand R. Marcos Jr. has signed Republic Act (RA) 12252, amending the Investors’ Lease Act (RA 7652) and allowing…
DOE accepts renewable energy projects of listed Alternergy Holdings
The Department of Energy (DOE) under its fourth green energy auction (GEA) has accepted the five renewable energy (RE) projects…
Inflation goes up to 1.5% in August
Philippine headline inflation went up to 1.5 percent in August, a sharp increase from the 0.9 percent in July. In…
Past-due loans of PH banks up in July
The proportion of non-performing loans (NPLs) of Philippine banks to their total loans slightly went up in July, data released…
BMI report cites impact of ‘Konektadong Pinoy’ law to listed telecom companies
A study by BMI, a Fitch Solutions unit, said the “Konektadong Pinoy (Connected Filipinos)” law is “the most radical overhaul…
DTI sets review of firms ‘facing potential license revocation’
The Department of Trade and Industry (DTI) will conduct a comprehensive review for companies “facing potential license revocation” as the…
PH outstanding debt hits record P17.56 trillion; Govt vows debt reduction
The country’s total outstanding debt has ballooned to P17.56 trillion as of the end of July this year, which, however,…