banking

BIZ BUZZ: BSP, SEC team up to guard Pera savings

The Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) have sealed…

ADB approves $400-M loan to help PH cut red tape 

The Asian Development Bank (ADB) has approved a $400-million loan to support the Philippine government’s…

ADB trims ’25 PH growth forecast to 5% 

The Asian Development Bank (ADB) trimmed its growth outlook on the Philippines, citing weak government…

WB sees ‘Nike-swoosh’ recovery for PH in 2026

The World Bank (WB) lowered its growth forecasts for the Philippines this year and in…

Peso sinks to new record low as markets price in BSP cut

The Philippine peso tumbled to a fresh record low on Tuesday, pressured by growing expectations…

PH banks’ bad-debt ratio hit 2-month high

Bad loans of the local banking industry accounted for a larger share of their lending…

Loan growth eased to 16-mo low in Oct

Bank lending slowed to a 16-month low in October, as the widening graft scandal that…

BSP rate cut on Dec. 11 likely but ‘not assured’

The Philippines’ darkening growth outlook, shaken by a corruption scandal that has sapped business and…

BSP wary of further bank reserve cuts

A fresh reduction in banks’ reserve requirement would do little to rouse an economy slowed…

BIZ BUZZ: Meet Philippines’ new ADB rep

Economist Rolando Tungpalan, Ralph Recto’s handpicked finance undersecretary for corporate sector and strategic infrastructure group,…