A gas station attendant fills up a motorcycle fuel tank in Paco, Manila on Monday, July 29. Local pump prices are set to decrease by less than P1 today. PNA PHOTO BY YANCY LIM

Less than P1 oil price cut set today

LOCAL pump prices are set to decrease by less than P1 today. In separate advisories, Caltex, Petron, Cleanfuel, Petro Gazz, PTT, Seaoil, and Shell announced...

PH banks now more willing to lend to consumers

BANKS remained cautious when lending to businesses in the second quarter amid a “deterioration” in the profitability of some companies, all while consumers are...
A surfer rides the waves at General Luna in Siargao Island, named by Lonely Planet magazine as the top destination in Southeast Asia in its July issue. PNA PHOTO BY ALEX LOPEZ

Siargao feat ‘big leap’ to position PH as tourism powerhouse in Asia

THE recent acknowledgment accorded to Siargao Island is a big leap in the effort to position the Philippines as a tourism destination in Asia,...
A personal finance professional encourages Filipinos to use their credit cards wisely. ICBA.ORG PHOTO

Credit Perception Index of Filipinos improves in 2024

THE 2024 Credit Perception Index (CPI) for the Philippines improved by four points, showing improved willingness to embrace credit, private credit reference agency TransUnion...

Budget deficit narrows in June but widens in first half

THE Philippines' budget deficit for June this year fell to P209.1 billion in June from P225.4 billion the year before as revenues grew faster...
Digital banks mainly leverage mobile technology and artificial intelligence to serve unbanked Filipinos with largely untested credit profiles. PHOTO COURTESY OF KEENETHICS.COM

BSP ready to welcome more digital banks

THE Bangko Sentral ng Pilipinas (BSP) will resume accepting applications for digital banking licenses in the country after three years, a move that would...
Photo courtesy of The Daily Tribune

DOF pushes for full implementation of int’l merchandise passport

THE Department of Finance (DOF) is pushing for the full implementation of an international merchandise passport that will showcase Filipino-made products globally and provide...
The Department of Energy says the length of transmission lines following the completion of various projects in the past two years increased by 10 percent. This increase between 2022 and 2024 is higher than the eight-percent increase from 2009 to 2022, or in the past 13 years. NGCP PHOTO

Transmission lines up by 10% in Marcos admin – DOE

DEPARTMENT of Energy (DOE) Secretary Raphael Lotilla said the Marcos administration was able to fast-track the completion of transmission line projects that will stabilize...
Oil firms will hike prices per liter of gasoline by P0.95, diesel by P0.65, and kerosene by P0.35 today, July 2. PHOTO COURTESY OF VISTARESIDENCES.COM.PH

Fuel prices to roll back next week

MOTORISTS should expect a sigh of relief as pump prices are slated to be slashed in the coming week. “There would be a rollback on...