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.
Treasury bill yields continued to ease at Monday’s auction, with the rate on the benchmark 91-day paper slipping below 5 percent as cooling inflation strengthened expectations for a more accommodative monetary policy.
The Bureau of Internal Revenue (BIR), led by Commissioner Charlito Martin R. Mendoza, and Ayala Corporation, represented by Karl Kendrick Chua, Data Science and Artificial Intelligence Group Head, signed a Memorandum of Agreement on August 25, 2026 for the AI-powered Terry the Tax AI Assistant designed to help BIR personnel retrieve, cross-reference, and analyze tax regulations, rulings, BIR issuances, and related tax materials more efficiently.
As companies adopt more apps, cloud services, and connected tools, a steady, reliable network has become the backbone of daily operations—but growing complexity means IT teams now spend valuable hours chasing alerts, tracing faults, and fixing connections instead of building technology that drives business forward.
Air passengers and cargo shippers will pay higher fuel surcharges starting September 1, pushing up total travel and shipping costs after the Civil Aeronautics Board (CAB) approved an increase to offset rising jet fuel prices.
SM Investments Corporation, parent firm of the SM Group, has forged a partnership with the Department of Science and Technology–Philippine Institute of Volcanology and Seismology (DOST-PHIVOLCS) to integrate official hazard and risk data into the planning and management of its properties and operations nationwide.