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Day: September 9, 2024

Bicol inflation rate decelerates to 4.2% in August

LEGAZPI CITY – The inflation rate in the Bicol Region slowed to 4.2 percent in August from 4.4 percent in July, according to a report from the Philippine Statistics Authority 5 (PSA-Bicol) on Monday.

Ray Merjilla, officer-in-charge of the PSA’s Stat…

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Non-performing loan ratio of banks at 3.58% in July

Manila: The proportion of non-performing loans (NPLs) of banks to their total loans settled at 3.58 percent in July this year, the Bangko Sentral ng Pilipinas (BSP) said.

Data released by the BSP showed that the NPL ratio in July was slightly higher …

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Found arms caches in Leyte, Samar sign of weakened NPA

TACLOBAN CITY – The recent discoveries of arms caches in Leyte and Samar provinces signal the victory of the government’s fight to end insurgency in the region, an official of the Philippine Army said on Monday.

Brig. Gen. Noel Vestuir, commander of…

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House panel swiftly terminates OP budget for 2025

Manila: The House appropriations committee swiftly terminated the proposed 2025 budget of the Office of the President (OP) on Monday.

It took the House panel less than 20 minutes to tackle the OP’s proposed budget for next year amounting to PHP10.5 b…

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