The Bangko Sentral ng Pilipinas (BSP) has welcomed the decision by several banks to reduce or remove fees for interbank digital transfers, making electronic fund transfers more affordable and easier to use for Filipinos.
Philippine Airlines (PAL) has secured $300 million through its first-ever international bond offering, with proceeds earmarked for fleet modernization and long-term expansion.
Aboitiz Power Corporation’s retail electricity supply arm AdventEnergy has secured a deal with China Banking Corporation to provide clean power to over 30 percent of the bank’s branch network across Bulacan, Cavite, Laguna and Metro Manila.
The Philippines imported 2.75 million metric tons of rice in the first six months of 2026, a 20.1 percent increase from the 2.29 million MT recorded in the same period last year, the Department of Agriculture (DA) announced Wednesday in Quezon City.
The Securities and Exchange Commission (SEC) has given the green light to San Miguel Corporation’s follow-on offering of preferred shares, valued at up to P30 billion.
The Securities and Exchange Commission (SEC) will lift the moratorium on new online lending platforms on August 1, 2026, bringing an end to the restriction first imposed on November 5, 2021, after over four years. Alongside this, the SEC is implementing strict new standards safeguarding consumers and curbing unfair lending practices. The guidelines are outlined in Memorandum Circular No. 20, Series of 2026, and apply to all existing, newly registered, and prospective financing and lending companies that use mobile apps, websites, or other digital systems to extend credit to the public.
The government has lowered its medium-term economic and fiscal targets, adopting a more cautious outlook as global uncertainty, persistent inflation, and climate risks weigh on the Philippine economy, while reaffirming its commitment to long-term growth and fiscal stability.