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.
The Department of Transportation (DOTr) has started demolition and fencing works at the Metrowalk property in Pasig City to make way for the construction of the Ortigas Station of the Metro Manila Subway Project (MMSP).
Airbus, Leonardo, and Thales have signed a memorandum of understanding to merge their space activities into a new joint company, aiming to bolster Europe’s strategic autonomy in the critical space sector. This move is set to create a unified European space champion with a strong commercial and technological footprint, spanning telecommunications, navigation, earth observation, science, exploration, and national security.
Maya Philippines Inc., a leading all-in-one finance platform, is making IPO participation more accessible to everyday Filipinos through its stock investing feature, Maya Stocks. The platform now offers access to the planned initial public offering (IPO) of Maynilad Water Services Inc. (PSE: MYNLD) via partner brokers DragonFi Securities, F. Yap Securities (2tradeasia), and Philstocks Financial.
A recent study by the Department of Agriculture - Philippine Rice Research Institute (PhilRice) and Biliran Province State University (BiPSU) highlights a critical challenge facing Biliran’s rice-based food production (RBFP) industry. Despite generating over P100 million annually, the sector is at risk as most traditional delicacies are produced by aging processors, with few young people taking their place.