Finance

The peso’s slide beyond P63 against the US dollar is threatening to drive up Philippine manufacturing costs and fuel inflation, raising concerns as businesses brace for stronger Christmas-season demand.

Tala Philippines is expanding partnerships with financial institutions, payment networks and businesses to widen credit access, as the fintech company looks beyond traditional lending channels to reach borrowers underserved by banks.

Securities and Exchange Commission-registered fintech platform Skyro is broadening its Philippine financial services offering with a customizable cashback program designed to give eligible customers greater flexibility over everyday spending.

The Philippines is set to strengthen its defenses against money laundering, terrorism financing and other illicit financial activities through a regional technical assistance program financed by the Asian Development Bank (ADB).

Cebuana Lhuillier is expanding its technology-enabled services with the rollout of Cash Accepting Machines (CAMS) across its nationwide branch network, giving customers another option for routine financial transactions while retaining access to in-person assistance.