High rates bite

Bad debts held by banks rose to their highest level in almost two years in May ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     

View in browser   |   Shop Inquirer July 5, 2024 BANKING High rates bite; bad bank loans surge  Bad debts held by banks rose to their highest level in almost two years in May as high interest rates continued to make debt payments more expensive for many borrowers. Latest data from the BSP showed that 3.57 percent of the banking industry's total loan portfolio were already nonperforming. By Ian Nicolas P. Cigaral MARKETING PULSE How to achieve sales excellence in good times or bad When we established IBS Electronics' offices in the Philippines and India, our first clients were my old customers whom I had known for several years working in the industry. These clients had developed a strong trust in me over time, and we had established solid relationships. By Josiah Go POWER Coal plant operators dominate Meralco list of potential suppliers Eight power generation companies, including subsidiaries of big conglomerates, have signified interest to participate in power firm Manila Electric Co.'s (Meralco) bidding for a long-term power supply contract. Entities that attended Meralco's prebid conference held virtually on Thursday were six operators of coal-fired power plants and two natural gas-fired power plants. By Jordeene B. Lagare Like this email? Forward it to your friends and let them know that they can sign up here. BIZ BUZZ PNOC vs Petron: P100B in property assets at stake​ The government stands to lose P100 billion worth of real estate assets—summing up to 357 hectares (ha) comprising refinery lots in Bataan, 23 bulk plant sites and 66 service station lots across the country—that the courts had ordered state-owned Philippine National Oil Co. (PNOC) to give back to Petron Corp. following a leasing dispute during the previous administration. By Jordeene B. Lagare INQUIRER PLUS-EXCLUSIVE BMI: Weak spending to hamper PH's growth goal The Philippines may have a hard time breaching the upper half of its 6 percent to 7 percent growth target amid a slow recovery in household spending, according to BMI Research. In a report Thursday, the Fitch Group unit said "risk to our growth outlook hinges largely on the recovery in private consumption. By Mariedel Irish U. Catilogo Try Inquirer Plus. Inquirer Plus is the digital version of the Philippine Daily Inquirer. Register for a 30-day trial for free to get access to Inquirer's fearless reporting, app-exclusive stories, and archives. REGISTER NOW Hi Edward. Have feedback? We're happy to hear it. Give Suggestions newsletter@inquirer.com.ph © 2024 PHILIPPINE DAILY INQUIRER, Barangay La Paz, Makati City, Philippines You are receiving this email because you are subscribed to Inquirer Newsletters. Unsubscribe anytime