PAL, Cebu Pacific transport COVID vaccines to provinces

THE country’s two biggest air service providers, Philippine Airlines (PAL) and Cebu Air, Inc. (Cebu Pacific), have been delivering the country’s first batch of coronavirus vaccines to areas outside the capital region.…

Ambassadors assure more COVID vaccine supply coming by mid-year

By Kyle Aristophere T. Atienza, Reporterand Bianca Angelica D. Anago The first batch of AstraZeneca vaccine, consisting of 487,200 doses under the COVAX facility, arrived in Manila on March 4,…

Over 3,000 COVID cases logged on Friday, highest since Oct. 16

A healthcare worker of Cardinal Santos Medical Center in San Juan City, Metro Manila gets vaccinated with CoronaVac on March 5, 2021. — PHILSTAR/MICHAEL VARCAS THE health department reported on Friday 3,093…

Peso rises as RTB sale ends

BW FILE PHOTO THE PESO climbed against the greenback on Friday following the end of the government’s retail Treasury bond (RTB) offering the day prior. The local unit closed at P48.56 per…

Central bank sells P80 billion in short-term bills

BW FILE PHOTO THE BANGKO SENTRAL ng Pilipinas (BSP) made a full award of the one-month bills it offered on Friday even as rates climbed following data showing a quicker inflation print…

PSBank’s net income drops 63% in 2020

PHILIPPINE Savings Bank booked a lower net income in 2020 as it hiked its loan loss provisions amid the pandemic. The bank’s net profit stood at P1.108 billion last year, it said…

Security Bank to face asset quality risks due to large retail loan portfolio

A man transacts at an automated teller machine of Security Bank Corp. in Quezon City. — BW FILE PHOTO SECURITY BANK Corp. will continue to face asset quality pressures this year mainly…

BSP expands types of loans counted as Agri-Agra compliance

THE BANGKO SENTRAL ng Pilipinas (BSP) has expanded further the type of loans counted as compliance with the mandatory credit allocation for agriculture and agrarian reform activities. “This is an interim measure…

Philippine banks’ NPL ratio may rise up to 5% by end-2021 – Fitch

BW FILE PHOTO The Philippine banking industry will likely see a rise in soured loans this year as many consumers struggle to settle their debts amid the crisis, Fitch Ratings said. The…

Inflation hits 26-month high in February

The consumer price index rose 4.7% from a year earlier, the second straight month that the headline figure went beyond the government’s 2%-4% annual target range. — Photo by Michael Varcas, The…

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