Economy

Espenilla: Economic expansion benefits banking system

MANILA -- Banks continue to reap the benefits from the Philippine economy's sustained expansion as shown by the robust growth of deposits and lending activities, which in turn helps ensure the industry’s...

DTI urges Marawi IDPs, soldiers to tap microloan fund

MANILA -- The Department of Trade and Industry (DTI) said it has PHP100 million now being made available to displaced Marawi residents and military personnel who saw combat in the beseiged city...

PH economic program vindicated by Fitch’s ‘BBB’ rating

MANILA -- Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said the Monetary Board will continue to implement its price stability mission to help boost the domestic economy’s upward trajectory. Espenilla's...

Largest US port complex braces for extended US-China trade war

LOS ANGELES — Liang Liang is feeling a lot of stress lately. He owns an import wholesale business in Los Angeles. “I have been watching the news every day — when will the...

PEZA cites contribution to economy despite 56% investments drop

MANILA -- The Philippine Economic Zone Authority (PEZA) revealed that ecozones' contribution to employment and exports remain positive despite a decline in project registrations. As of May this year, direct employment in PEZA-registered...

SoKor to help modernize PH defense capability

MANILA -- One of the Philippines’ closest allies, South Korea, will help the country modernize its defense capability, particularly the acquisition of new helicopters and submarines. This was confirmed by South Korean Ambassador...

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