The Securities and Exchange Commission (SEC) has issued a cease-and-desist order against Trading Point Holdings Inc., operator of XM Group/XM.com, for offering securities in the Philippines without the required licenses.
Maya, the country's top fintech platform, joined the Financial Literacy and Digital Adoption Program for OFWs in Hong Kong, helping Filipinos manage savings, credit, remittances, and avoid scams through its FinFit Program.
Philippine National Bank (PNB) has made its first domestic bond market return since 2019, raising P15.7 billion through a dual-tranche ASEAN Sustainability bond issuance.
President Ferdinand Marcos Jr.’s anti-corruption blitz in flood-control and public-works agencies was meant to clean house. Instead, it is triggering political, economic, and social tremors that now overshadow its stated purpose. The irony is hard to ignore: a campaign launched to restore trust is increasingly viewed as deepening uncertainty.
Oracle Corp. shares tumbled 11 percent on Thursday after the company reported earnings that intensified investor worries about the rising debt behind the industry’s race to build AI data centers.
The Board of Investments (BOI) has cleared P26.43 billion worth of fresh investments, giving the government’s industry roadmap a solid boost as it pushes for growth across services, manufacturing, housing, and clean energy.