THE Philippine economy continued to shrink for a third straight quarter, although at a slower pace compared with the second quarter, as lockdown restrictions were further loosened amid the coronavirus disease 2019 (COVID-19) pandemic. Read the full story.
THE NONPERFORMING LOAN (NPL) ratio of Philippine banks rose for the eighth straight month in September, surging to its highest level in over seven years amid the economic slowdown. Data from the Bangko Sentral ng Pilipinas (BSP) showed the gross NPL
The Philippines received a failing mark in the “control of corruption” indicator in a scorecard by the Millennium Challenge Corp. — PHILIPPINE STAR/MICHAEL VARCAS A UNITED STATES government foreign aid agency has given the Philippines a failing mark in “control of
Senators say energy security at stake; DoE says $565-M deal still under scrutiny LAWMAKERS on Tuesday questioned the technical capability of a subsidiary of Udenna Corp. to participate in the Malampaya offshore gas-to-power project, whose operator signified its intention to
PROFITS of Century Properties Group, Inc. (CPG) surged 74% to P571.48 million in the third quarter due to gains from investment properties and non-recurring losses that were recorded the prior year. In a regulatory filing on Tuesday, the Antonio-led property developer
THE Securities and Exchange Commission (SEC) will not be fining companies that were not able to comply with deadlines to file regulatory requirements during the lockdown. The corporate regulator issued Memorandum Circular No. 31 on Nov. 5, which was uploaded on
EAST ZONE water concessionaire Manila Water Co., Inc. posted a 24% fall in net income to P3.20 billion for the three quarters ending September due to lower contribution from its units amid the coronavirus disease 2019 (COVID-19) pandemic. “Higher water revenue