Philippine Financial System Resources Hit Record P38.6 Trillion
The Philippine financial system's total resources reached a record P38.56 trillion in August, driven by the expansion of the banking sector, with digital banks showing notable growth. This indicates the stability and growth of the domestic economy.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- DA, World Bank Invest P98M to Boost Bukidnon's Coffee Industry
The Philippine Department of Agriculture (DA) and the World Bank have announced an investment of PHP97.91 million to boost Bukidnon's coffee industry through the Mindanao Inclusive Agriculture Development Project (MIADP). The funding specifically targets the Daraghuyan Indigenous community to enhance agricultural productivity and market access.
- DAR CamSur Exceeds 2026 Sales Targets, Logs P21.1 Million
The Department of Agrarian Reform (DAR) in Camarines Sur has significantly surpassed its 2026 annual targets, generating PHP21.1 million (approximately USD 360,000) in gross sales from January to September, highlighting the success of its market development initiatives for agrarian reform beneficiaries' organizations (ARBOs).
- No Injuries in Twin Firecracker Factory Blasts in Bulacan
Two firecracker factories in Bocaue and Baliwag City, Bulacan, Philippines, exploded on Tuesday. Fortunately, no injuries were reported. Authorities are investigating the cause of the incidents.
- Cagayan de Oro Holds Over Half of Northern Mindanao Bank Deposits, Data Shows
Data from the Philippine Deposit Insurance Corporation (PDIC) reveals that Cagayan de Oro City accounts for over half of the total bank deposits in the Northern Mindanao region, solidifying its position as a key economic hub.