Banking & Insurance
Domestic borrowing lifts government debt to P18.55T
The national government's outstanding debt climbed to P18.55 trillion at the end of May as robust domestic borrowing more than offset the relief from a stronger peso, underscoring Manila's continued reliance on the local bond market to fund its spending program.
Digital lender boosts app security, introduces ‘money lock’ features to fight rising digital fraud
CIMB Bank Philippines has upgraded its mobile banking app with new security features to protect its 10.6 million customers from rising digital fraud.
Macroeconomic stability drives PH to upper middle-income status, BSP says
The Philippines has officially achieved upper middle-income status, a major economic milestone driven by years of steady growth and strong economic stability.
Fintech app Salmon aims to remove stigma of “utang” with rewarding credit products
The fast-growing fintech company Salmon has launched a new campaign aimed at reshaping how Filipinos view borrowing, shifting the perception of debt from a source of stress to a positive financial tool.
Cebuana Lhuillier scales up as business growth partner
Cebuana Lhuillier is broadening its business beyond microfinance, transforming its nationwide financial network into an integrated platform that helps companies expand, deepen customer engagement and unlock new growth opportunities.
