The government managed to trim its outstanding debt by 2.1 percent to P12.49 trillion in end May from an all-time high of P12.76 trillion in end April after it settled its provisional advanced with the central bank, according to the Bureau of the Treasury.
Credit growth accelerated to 10.7 percent in May from 10.1 percent in April despite the start of the interest rate liftoff by the Bangko Sentral ng Pilipinas (BSP) to curb mounting inflationary pressures.
Security Bank Corp. led by bankero Sanjiv Vohra has affirmed its commitment to help the world achieve net-zero greenhouse gas emissions by 2050.
State-run Development Bank of the Philippines led by bankero Emmanuel Herbosa has signed a memorandum of agreement with the Department of Environment and Natural Resources (DENR) for the establishment of an indigenous seed source center in Digos City, Davao del Sur.
Government-owned Land Bank of the Philippines headed by bankero Cecilia Borromeo has partnered with the Department of Social Welfare and Development (DSWD) and the United Nations Children’s Fund (UNICEF) to provide pre-disaster financial assistance to about 22,000 families from typhoon-prone towns in Catanduanes and Northern Samar.