Preliminary data released by the BSP showed that the non-performing loan (NPL) ratio of Philippine banks was the lowest in five months or since the 3.45 percent recorded in April.
However, the September figure was higher than the 3.40 percent recorded a year ago.
According to the central bank data, soured loans went up by 16.5 percent to P517.45 billion in September from P444.33 billion in the same month a year ago, while loan disbursements grew by 14.1 percent to P14.9 trillion from P13.06 trillion.
Likewise, the banking sector's past due loans rose by 15.1 percent to P632.87 billion from P549.93 billion, while restructured loans slipped by 4.1 percent to P294.53 billion in September from P307.24 billion in the same month last year.
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Phl curlers to receive cash incentives
The Philippine men's curling team of Marc and Enrico Pfister, Christian Haller, Alan Frei and Benjo Delarmente will receive P2 million in cash incentives from the government for their historic win in the just concluded Asian Winter Games in Harbin, China.
UP, FEU Lady Spikers Off to Flying Start
University of the Philippines needed the full, five-set route to overcome a short-handed University of the East, 25-18, 26-24, 24-26, 13-25, 15-13, that set in motion its campaign in UAAP Season 87 women's volleyball at the MOA Arena.
Lusso: Where Margarita Forés taught us to fly
Walking into her newest restaurant, Lusso at The Podium, the song \"Volare\"âmeaning \"to fly\" in Italianâplays softly. \"I want guests to feel transported,\" said Gaita.
BuCor lobbies for Asean prisoner swap
Following the transfer of drug convict Mary Jane Veloso from Indonesia to the Philippines last year, the Bureau of Corrections (BuCor) is pushing for the adoption of a policy that would allow individuals imprisoned in any Southeast Asian country to be repatriated to their home countries to serve their sentences.
Ostapenko ousts Swiatek; Sinner banned
Three-time defending Qatar Open champion Iga Swiatek suffered a crushing 6-3, 6-1 defeat by Jelena Ostapenko in the semifinals on Friday, her fifth loss in as many meetings with the mercurial Latvian.
Russian drone damages Chernobyl plant's radiation shield
Ukrainian President Volodymyr Zelensky said on Friday that a Russian drone had caused significant damage to the radiation containment shelter at the disused Chernobyl nuclear power plant overnight.
Ayala Land Premier sees robust demand
Property giant Ayala Land Inc. (ALI) continues to see resilient demand for luxury residences, with Ayala Land Premier recording P4.7 billion in sales in just the first week of February.
Tollways Going Full Cashless on March 15
Motorists must install a radio frequency identification (RFID) sticker on their vehicles to pass through tollways starting March 15, in line with the government's policy to transition to cashless payments, the Toll Regulatory Board announced yesterday.
US seeks more invested, enduring ties with Phl
The United States under the new Trump administration is looking to further strengthen its bilateral relations with the Philippines, not only in terms of security but also in other possible areas of development.
WHAT'S NEXT FOR CUP OF JOE?
It may take a while for the euphoria to die down. The Joewahs who witnessed \"Silakbo,\" Cup of Joe's explosive, exciting, vastly entertaining and really packed two-night stint at the Smart Araneta Coliseum last Feb. 8 and 9, are still over the moon in ecstasy.
