GCash will complete its transition from SMS-based one-time passwords (OTPs) to in-app authentication by June 22, marking a major cybersecurity upgrade aimed at protecting millions of users from phishing attacks and online fraud.
Philippine headline inflation eased to 6.8 percent in May from 7.2 percent in April, coming in below the Bangko Sentral ng Pilipinas’ (BSP) projected range of 7.1 percent to 7.9 percent as transport costs and food price increases moderated, according to data released Friday by the Philippine Statistics Authority (PSA).
Treasury bill yields were mixed at Monday’s auction as robust investor demand helped temper the impact of mounting inflation concerns on short-term government debt.
The Philippines maintained a strong external financial buffer as gross international reserves (GIR) settled at USD104.1 billion as of end-April 2026, giving the country ample protection against global market volatility, rising import costs and external debt pressures.
Average rates on Treasury bills climbed at Monday’s auction as investors demanded higher returns, adjusting to expectations of further monetary tightening by the Bangko Sentral ng Pilipinas amid rising inflation pressures.
Vietnam's VinEnergo and Philippine renewable energy developer SunAsia Energy Inc. have forged a strategic partnership to develop three large-scale solar projects worth more than $1.5 billion in projected lifetime revenues, underscoring growing regional investment in the country's clean energy sector.
SB Finance is expanding its healthcare financing business with new lending products for doctors and a wider patient financing network, signaling a growing opportunity for consumer lenders as healthcare costs continue to rise.
The Energy Regulatory Commission (ERC) said the Philippines may struggle to meet its renewable energy (RE) goals at the current development pace, though recent regulatory changes have already improved conditions.
Globe has launched a combined mobile and home internet package to make daily digital life smoother and more rewarding for users across the Philippines. The service brings together reliable mobile connectivity and high-speed fiber internet to support work, study, streaming, gaming and family communication both at home and on the go.