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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 slightly slower pace in July while domestic liquidity growth accelerated, according to the Bangko Sentral ng Pilipinas (BSP). The BSP…
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 foreign investors to lease private lands in the Philippines for…
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 of Alternergy Holdings Corporation. In a disclosure with the Philippine…
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 a briefing, National Statistician Dennis Mapa said the latest data…
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 by the Bangko Sentral ng Pilipinas (BSP) showed. Data released…
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