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PH sovereign debt at P13.42 trillion as of end-December 2022

ABS-CBN News
Updated as of Feb 02 01:32 PM

The national government ended 2022 with a total outstanding debt of P13.42 trillion, the Bureau of Treasury said on Thursday. Read more »

House OKs condonation of agriworkers' loans

RG Cruz, ABS-CBN News
Posted at Jan 31 06:57 PM

The House of Representatives has approved on third and final reading a bill writing off farmers’ and fisherfolk’s unpaid loan charges. Read more »

ADB approves $500-M loan to support PH agri sector

ABS-CBN News
Posted at Jan 27 09:01 AM

The Asian Development Bank has approved a $500 million policy-based loan to help the Philippines expand opportunities in agriculture. Read more »

ADB approves $500-M loan to boost PH jobs market

ABS-CBN News
Posted at Jan 26 03:45 PM

The ADB approved a $500 million (P27.2 billion) loan to help the government address the impact of the pandemic on jobs, livelihood and the labor market. Read more »

IMF approves $105 mn in emergency aid to Haiti

Agence France-Presse
Posted at Jan 24 02:09 PM

The International Monetary Fund (IMF) on Monday approved emergency aid of $105 million for Haiti, which has long been mired in a humanitarian crisis that has been exacerbated by recent global inflation. Read more »

Credit card group welcomes hike in monthly charges

ABS-CBN News
Posted at Jan 23 02:10 PM

The Credit Card Association of the Philippines said on Monday it welcomes the decision of the Bangko Sentral ng Pilipinas to raise the ceiling on credit card monthly interest rates to 3 percent. Read more »

Manila Water signs P200 million loan with BPI for Bulakan Water

ABS-CBN News
Posted at Jan 23 08:44 AM

Manila Water Company Inc said on Monday its subsidiary Bulakan Water signed a P200 million loan facility with the Bank of the Philippine Islands Read more »

Pag-IBIG contribution hike deferred to 2024: official

Alvin Elchico, ABS-CBN News
Posted at Jan 04 03:14 PM

The Pag-IBIG Fund has deferred its planned contribution hike this year to 2024 to mitigate the impact of rising costs on Filipinos, an official said on Wednesday. Read more »

Credit card fee hike? BSP to review ceiling as rates rise

ABS-CBN News
Posted at Dec 15 05:04 PM

The BSP said it is set to review the ceiling placed on fees imposed on credit card interest rates and fees due to recent hikes in the benchmark rate. Read more »

More financing needed for IMF climate change fund: director

Agence France-Presse
Posted at Dec 14 08:13 AM

A new fund helping low-income countries tackle the impacts of climate change already has around $40 billion worth of commitments, but this is "nothing in comparison with the needs," IMF chief Kristalina Georgieva said. Read more »

ALAMIN: Mga paalala sa paggamit ng credit card

ABS-CBN News
Posted at Dec 03 01:42 PM

May credit card ka ba o nagbabalak kumuha? Read more »

Bank lending grows 13.9 percent in October: BSP

ABS-CBN News
Posted at Nov 30 02:21 PM

Outstanding loans of universal and commercial banks, net of reverse repurchase placement with the BSP grew by 13.9 percent in October. Read more »

Business owners, here is how to scale up your business

BDO
Updated as of Dec 06 02:00 PM

Entrepreneurs need to take bold steps to expand and grow their business. Read more »

BPI unveils home loan package for middle class, unserved Filipinos

ABS-CBN News
Posted at Nov 17 09:28 AM

Consumers trying to buy a house can now avail of a more flexible home loan package with low down payment and fewer income requirements on top of rebates, said the Bank of the Philippine Islands as it launches its BPI MyBahay program. Read more »

Metrobank posts P23.4B net income in Jan-Sept, up 45 percent

ABS-CBN News
Posted at Nov 04 11:29 AM

The Metropolitan Bank and Trust Corp on Friday said its net income grew 45 percent to P23.4 billion from January to September 2022 on the back of lending growth and lower provisions, among others. Read more »

PH debt grows to P13.52 trillion amid peso weakness

ABS-CBN News
Posted at Nov 03 04:32 PM

The Philippines' sovereign debt hit P13.52 trillion in September partly due to the peso depreciation against the US dollar, the Bureau of Treasury said. Read more »

Consumers borrow despite higher interest rate to fight off inflation

Warren De Guzman, ABS-CBN News
Posted at Nov 02 04:03 PM

Filipino consumers continue to turn to personal loans and credit cards amid surging inflation despite the recent hikes in interest rates, analysts have said Wednesday. Read more »

UnionDigital says $70M loan book, $50M deposits reached in just 4 months

ABS-CBN News
Posted at Nov 02 03:27 PM

UnionDigital said it has reached $70 million in loan book size and $50 million in deposits during the first 4 months of operations. Read more »

Interes sa mga pautang inaasahang tataas dahil sa inflation

ABS-CBN News
Posted at Oct 17 08:47 PM

Dahil patuloy na tumataas ang inflation, asahang tataas din ang interes sa mga pautang, ayon sa mga eksperto. Read more »

'High interest rate, elevated inflation to slow household consumption'

ABS-CBN News
Updated as of Oct 14 11:55 AM

Household consumption could slow down in the next few months due to interest rate hikes by the central bank and elevated inflation, an economist said. Read more »