Tag: Bank of the Philippine Islands

The Philippine Chamber of Commerce and Industry (PCCI) warned that the newly approved minimum wage increase in Metro Manila could fuel inflation, squeeze exporters and eventually dampen employment as businesses grapple with rising labor costs.

Davao del Norte has reclaimed its place in the global cacao trade, exporting premium fermented cacao beans for the first time in more than a decade in a breakthrough that could open new opportunities for Philippine farmers in high-value overseas markets.

Alliance Select Foods International Inc. has appointed food industry executive Kirby J. Rasos as its new general manager, tapping a veteran business leader to oversee daily operations as the listed seafood processor pursues its next phase of growth.

The Bangko Sentral ng Pilipinas (BSP) has completed a major assessment of its digital currency pilot, identifying large-value cross-border payments and financial securities settlements as the most promising uses for a wholesale central bank digital currency (wCBDC).