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Bank lending accelerated in June, fastest in 4 months

Bank lending rose at the fastest pace in four months in June, fueled by strong…

PH secures $700-M WB loan for climate resilience

The World Bank (WB) has approved a $700-million loan to the Philippine government to boost…

SEC sanctions 3 more erring lending firms

The Securities and Exchange Commission (SEC) has imposed sanctions on three more erring companies for…

Pag-Ibig cuts socialized housing loan rate to 3%

The Home Development Mutual Fund, or Pag-Ibig Fund, announced on Friday a new “special subsidized”…

First Gen unit secures P15-B loan for Casecnan operations

Fresh River Lakes Corp. (FRLC), owner and operator of the 165-megawatt Casecnan hydroelectric power plant…

SEC sanctions more erring lending firms

The Securities and Exchange Commission (SEC) continues to come down hard on online lending companies…

PH credit card debt reaches ‘critical risk’ levels

Credit card debt in the Philippines is at a “critical” risk level as the typical…

Nueva Ecija solar project taps P498-M loan from RCBC

An entity under the Yuchengco Group’s PetroEnergy Resources Corp. (PERC) has secured P498 million funding…

Banks’ bad loan ratio eases to 3-month low

Bad loans held by Philippine banks declined to a three-month low in March, as the…

Ayalas’ ACEN musters 50M euros for expansion

ACEN Corp. has obtained new funds amounting to 50 million euros to fuel its expansion…