US dollar banknotes are seen in this photo illustration taken Feb. 12, 2018. — REUTERSBy Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINES saw its dollar reserves soar to its highest level in over two years, preliminary data from the Bangko Sentral ng Pilipinas (BSP)

BW FILE PHOTOTHE PHILIPPINE banking industry’s nonperforming loan (NPL) ratio in April rose to the highest in 11 months, as soured loans increased due to elevated interest rates.Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed the banking industry’s gross NPL ratio rose to

FITCH RATINGS affirmed the country’s long-term foreign currency issuer default rating at “BBB” and retained its “stable” outlook. — PHILIPPINE STARMIGUEL DE GUZMANBy Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINES is still on track to meeting its goal of achieving an “A” rating status,

REUTERSBy Abigail Marie P. Yraola, Deputy Research Head THE COMBINED ASSETS of the Philippines’ biggest lenders rose in the first quarter, fueled by increasing confidence in the economy’s prospects.The latest edition of BusinessWorld’s quarterly banking report showed that the aggregate assets of 44 universal and

The ERC joined the Business-to-Business Matching Event to Support Energy Transition (B2B SET) organized by the Department of Energy in collaboration with the United States Agency for International Development last February.The Energy Regulatory Commission (ERC) has been an essential institution in overseeing and regulating the

CREIT.COM.PHCITICORE Renewable Energy Corp. (CREC) is exploring the possibility of issuing green bonds next year, the listed company’s president said.The decision hinges on the prevailing interest rate environment, CREC President and Chief Executive Officer Oliver Y. Tan told reporters on Friday last week.“Most likely (it

The ERC, together with the DoE and DSWD, held an information and education campaign (IEC) and registration caravan in Tagum City, Davao del Norte last April to encourage more registrants for the Lifeline Rate Program.Public utility services are fundamental to modern society. While access to

THE Philippine Amusement and Gaming Corp. (PAGCOR) said the government should go after scam syndicates instead of banning Philippine offshore gaming operators (POGOs).“We do not need to outlaw POGOs; what we need to do is intensify anti-crime operations against suspected alien hackers, against scammers and

MICHAL PARZUCHOWSKI-UNSPLASHGAMING COMPANIES catering to Filipino players should prioritize addressing security risks, including location information, to ensure the integrity of their transactions, app development and mobile security platform provider Appdome, Inc. said.“Because the Philippines has legalized and regulates online gambling, this is an important revenue