Banking & Insurance
Higala secures $2.8M seed fund to push digital payment solutions in PH
Higala, a trailblazer in inclusive instant payment solutions in the Philippines, has secured an additional $2.8 million in seed funds to support the launch of its platform banking technology.
Treasury bill yields ease on strong demand at auction
Average rates on treasury bills drifted lower at the auction Monday as demand continued to increase after the central bank confirmed its commitment to further monetary policy easing this year.
2024 BOP still a surplus at USD609M but 16 percent lower vs 2023
The country's balance of payments (BOP) position for the fourth quarter of 2024 shifted to a deficit of USD4.5 billion, a stark contrast from the USD1.9 billion surplus recorded in the same period of 2023.
Food tops Filipino household spending, followed by housing and transportation – BSP Survey
In a recent survey conducted by the Bangko Sentral ng Pilipinas (BSP), food and beverages consumed at home were found to be the largest expenditure for Filipino households, comprising 55.4 percent of their total spending in 2021.
ADB funds flood mitigation projects
The Department of Public Works and Highways (DPWH) is set to receive funding from the Asian Development Bank (ADB) to support major flood mitigation initiatives that address recurring flooding and enhance community resilience across the Philippines.
