May 23, 2025

Tag: economic recovery

  • Philippine Budget Secretary Commits to Sustained Fiscal Performance Amid Improved Deficit

    Budget Secretary Amenah Pangandaman has pledged to intensify efforts to uphold the government’s commendable spending performance. This commitment comes in the wake of a reported 5.7% reduction in the national budget deficit for 2024, a development that has filled Pangandaman with joy. The announcement followed a report from the Bureau of the Treasury (BTr) indicating…

    Written by

    Mark Salazar

  • Philippine Stock Market Rises Post CREATE MORE Act IRR Signing, Peso Declines

    In Manila, the Philippine Stock Exchange index (PSEi) saw a significant increase on Tuesday, buoyed by the recent signing of the implementing rules and regulations (IRR) for the CREATE MORE Act, aimed at corporate recovery and tax incentives. The PSEi closed at 6,094.96, marking a 1.69 percent rise, while the All Shares index also advanced…

    Written by

    Janelle Sebastian

  • Philippine Banks’ Non-Performing Loan Ratio Hits One-Year Low

    In Manila, the non-performing loan (NPL) ratio for Philippine banks dropped to its lowest point in a year, reaching 3.27 percent in December of the previous year. According to the Bangko Sentral ng Pilipinas (BSP), this figure marks the lowest NPL ratio since it was at 3.24 percent in December 2023. The ratio had been…

    Written by

    Conrado Carreon

  • Philippine Banks’ Non-Performing Loans Hit One-Year Low

    In a positive turn for the Philippine banking sector, the ratio of non-performing loans (NPLs) to total loans dropped to a one-year low of 3.27 percent in December of the previous year. This figure, reported by the Bangko Sentral ng Pilipinas (BSP), marks the lowest NPL ratio since it stood at 3.24 percent in December…

    Written by

    Gwendolyn DeGuzman

  • DOLE Provides P10 Million Boost to 26 CamSur MSMEs

    In a significant move to bolster local economies, the Department of Labor and Employment (DOLE) in Bicol has disbursed nearly PHP10 million to support 26 micro, small, and medium enterprises (MSMEs) in Camarines Sur. The financial aid, distributed on January 30, 2025, aims to help these businesses recover from the economic impacts of weather disturbances…

    Written by

    Alexis Torres

  • House of Representatives Shines Bright Amid Political Challenges in 2024

    As the curtains fell on 2024, the House of Representatives, under the leadership of Speaker Martin Romualdez, concluded its session with a strong emphasis on resilience and dedication to the Filipino people. Despite facing political turbulence, the House managed to maintain its focus on legislative duties and oversight responsibilities. In his year-end address, Romualdez highlighted…

    Written by

    Grace Morales

  • House of Representatives Shines Bright Amid Political Turmoil in 2024

    As the curtains closed on 2024, the House of Representatives, under the leadership of Speaker Martin Romualdez, showcased its unwavering commitment to the Filipino people despite the surrounding political storms. In his year-end address before the congressional recess, Romualdez highlighted the chamber’s resilience and dedication to enhancing the lives of Filipinos amidst the political clamor.…

    Written by

    Miko Alvarez

  • Ilocos Norte Provides PHP1.3 Million in Cash Aid to 268 Tourism Businesses Hit by Typhoons

    In the wake of recent typhoons, the provincial government of Ilocos Norte has disbursed PHP1.3 million in cash assistance to 268 tourism establishments across the towns of Bangui, Pasuquin, Burgos, and Pagudpud. These businesses, which include accommodations, restaurants, souvenir shops, and other small to medium enterprises, have been struggling to recover from the impacts of…

    Written by

    Bryan Farnacio