Banking & Insurance
Digital banks post rapid growth
The country’s six digital banks have reported impressive growth in recent months and outperformed traditional banking institutions in expanding access to financial services.
Inflation surges forward in February to 3.4 percent even though core inflation slows
The rate at which prices change across the Philippines pushed past expert projections in February, averaging higher to 3.4 percent for the month from only 2.8 percent in January, the Philippine Statistics Authority (PSA) reported on Friday.
Rockwell secures P5 billion term loan from BDO
Rockwell Land Corp., the upscale property developer of the Lopez group, has secured a P5-billion term loan of up to 10 years from BDO Unibank Inc.
PSA downgrades 2023 GDP to 5.5% on lower services, import numbers
The Philippine Statistics Authority on Thursday downgraded the growth estimate for 2023 to 5.5 percent from 5.6 percent.
PSE Board appoints SGV as external auditors for 2024
The Philippine Stock Exchange Inc. said Thursday its board approved the appointment of Sycip Gorres Velayo & Co. as external auditor of the operator of the country’s stock market for this year.
