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.
Gilas Pilipinas was hanging on by a thread in overtime, with Jordan threatening to snatch away a game the Philippines had spent the night clawing back into.
International Container Terminal Services Inc. (ICTSI) announced Friday it will acquire 100 percent ownership of TLG Acquisition Holdings (RF) Proprietary Limited (TLG), a leading integrated port and cargo-handling services provider operating across Mozambique, Namibia, and South Africa.
Listed PhilWeb Corp. (PSE: WEB) has elected Lance Y. Gokongwei as chairman of its board, completing a governance overhaul following his P2.02 billion strategic investment in the company and appointment as a director in July.
The Bangko Sentral ng Pilipinas (BSP) today welcomed the Japan Credit Rating Agency (JCR)’s affirmation of the Philippines’ “A-” investment-grade credit rating with a stable outlook, a vote of confidence in the country’s solid economic fundamentals even amid growing global uncertainty such as the ongoing conflict in the Middle East.