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.
The Philippines is accelerating its transition from traditional outsourcing to higher-value digital services after President Ferdinand Marcos Jr. secured fresh investment commitments and expanded technology partnerships with Canadian companies during his official visit to Canada.
Two Aboitiz-backed companies are deepening the country's circular economy push by turning hard-to-recycle plastic waste into an industrial resource instead of landfill, highlighting how corporate partnerships can unlock both environmental and business value.
PLDT Group and its wireless arm Smart Communications have launched an AI-powered platform called EVE (Emergency Vital Essentials) to help employees and their families prepare for disasters and crises long before they occur.