Digital lender offers high interest savings for MSMEs
CIMB Bank Philippines, recently named the country’s best digital bank by The Asian Banker, has launched CIMB Biz, a new banking segment aimed at supporting micro, small, and medium enterprises (MSMEs) with improved access to formal financial services.
PLDT Global, BBIX launch remote peering in PH
PLDT Global Corp., the international arm of the PLDT Group, has partnered with BBIX, Inc., a leading Internet Exchange (IX) provider in Asia, to launch a remote peering service in the Philippines. The initiative aims to enhance global connectivity and position the country as a strategic digital hub in the region.
DPWH drops P252B flood projects in 2026 budget revamp
Public Works Secretary Vince Dizon has removed P252 billion in locally-funded flood control projects from the Department of Public Works and Highways’ (DPWH) proposed 2026 budget, following President Ferdinand Marcos Jr. 's directive to reallocate funds to more essential sectors.
Philippines edges out Indonesia in startup capital race
For the first time, the Philippines has surpassed Indonesia in startup funding, raising US$86.4 million in the first half of 2025, according to the SEA Startup Funding Report H1 2025 by DealStreetAsia and Kickstart Ventures.
Philcement selling 15% stake to Japan’s Sumitomo Cement
Philcement Corp., a unit of Phinma Corp., announced on Wednesday that it has signed a share subscription agreement with Japan-based Sumitomo Osaka Cement Co. Ltd., for the sale of a 15 percent stake through the issuance of primary shares.
