REUTERS/ELOISA LOPEZ NONPERFORMING loans (NPLs) held by big banks rose again in January, after a debt moratorium expired at the end of 2020. Data from the central bank showed the bad loan ratio stood at 3.7% in January, inching up from the 3.61% in December and the 2.16% recorded a […]
Peso to drop vs dollar on import bets
THE PESO is likely to weaken against the greenback this week as the market waits for more vaccines to arrive in the country, which could signal a wider economic reopening and bring in more imports. The local unit finished trading at P48.56 per dollar on Friday, appreciating by six centavos […]
China Feb exports post record surge from COVID-19-depressed 2020 levels
REUTERS BEIJING — China’s February exports grew at a record pace from a year earlier when coronavirus disease 2019 (COVID-19) battered the world’s second-biggest economy, customs data showed on Sunday, while imports rose less sharply. Exports in dollar terms skyrocketed 154.9% in February compared with a year earlier, while imports […]
Further TNT adjustments heading into new season
RAY PARKS, JR. ANNOUNCED AT THE WEEKEND that he will be sitting out the upcoming PBA season because of “personal reasons,” forcing the TNT Tropang GIGA to make further adjustments to their thrust. — PBA IMAGES By Michael Angelo S. Murillo, Senior Reporter WHAT was expected to be a busy […]