The Philippines’ gross international reserves (GIR) fell to USD103.3 billion at the end of July from USD104.7 billion a month earlier, while the country posted a USD1.5-billion balance of payments (BOP) deficit, reflecting continued pressure from external transactions.
Digital payments accounted for nearly two-thirds of retail transactions in the Philippines last year, putting the country within its national target range and underscoring how quickly electronic payments are replacing cash in everyday commerce.
Rizal Commercial Banking Corp. (RCBC) is among the first banks to join Direct Debit PH, a new automated recurring payment facility championed by the Bangko Sentral ng Pilipinas (BSP) to modernize the country’s payments system and accelerate the shift toward a cash-lite economy.
The Bangko Sentral ng Pilipinas expects inflation to remain elevated in 2027, with the government adopting a 4 percent to 5 percent inflation assumption in crafting the proposed national budget amid continued global and domestic price risks.
Metropolitan Bank & Trust Co. is strengthening its digital banking defenses with new security features designed to give customers greater control over their money as fraudsters become more adept at exploiting stolen credentials and human error.
Many aspiring business owners look far and wide for the next big concept, but some of the most promising opportunities lie right within familiar culture, traditions, and communities.
AirAsia MOVE (MOVE), the all-in-one travel booking platform, has secured official accreditation from the International Air Transport Association (IATA) in the Philippines — a milestone set to expand flight choices and streamline booking for Filipinos traveling home or abroad.
Motorists traveling between Pulilan, Bulacan and San Fernando, Pampanga on the North Luzon Expressway (NLEX) will not pay toll fees beginning September 2, as the government and NLEX Corporation move to ease severe traffic congestion caused by flooding at Tulaoc Bridge in San Simon, Pampanga.
Chinabank secured two honors at the 22nd Philippine Quill Awards, anchoring the SM Group’s total of 15 recognitions alongside BDO Unibank, BDO Life, SM Foundation and SM Supermalls. Its “CBC Investor Relations: Focused on Value” won in Financial Communication and Investor Relations, while “My CBC: An App Fit for Beauty Queens” took home the Marketing, Advertising and Brand Communication award.