Although officials acknowledge the rising interest rate environment is a tough challenge, consumer finance provider Home Credit Philippines is confident of adding some 70,000 more clients this year and lift its customer base to 10 million from or less 9.3 million at the moment.
Foreign direct investments (FDI) flowed inward on net basis last year to $9.2 billion, sharply lower than in 2021 when this aggregated $12 billion.
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Japan is sending an eight-man team of experts to help the Philippines control and remove an oil slick that is quickly evolving into an ecological disaster.
London- and New York City-headquartered Fitch Ratings said so-called asset-quality risks the various Philippine banks face at present are increasing due to the rising cost of living and higher interest rates.
More than half or 51 percent of millennials are discouraged from pursuing their chosen career path in full as this has proven inadequate to provide for their financial needs, a study financed by CIMB Bank Philippines show.
Australian home and lifestyle brand Anko on Wednesday launched its third and largest store in the Philippines at TriNoma Mall, Quezon City, marking a strategic expansion of its physical retail presence in the country.
The SM Store’s flagship advocacy program, Shop & Share, continues to strengthen its role in uplifting communities across the Philippines, reaching nearly 90,000 individuals—including students, women, farmers, and children—with essential retail items tailored to their needs.