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The Philippine economy is projected to grow by 6% this year, according to the Asian Development Bank. — PHILIPPINE STAR/RYAN BALDEMORBy Luisa Maria Jacinta C. Jocson, Senior ReporterTHE ASIAN Development Bank (ADB) trimmed its gross domestic product (GDP) growth projection for the Philippines this year,

IIIJAOYINGIII-PIXABAYTHE PHILIPPINE banking industry’s gross nonperforming loan (NPL) ratio remained steady in February, according to data from the Bangko Sentral ng Pilipinas (BSP).Preliminary data from the central bank showed the bad loan ratio stood at 3.38% in February, the same as January. On the other