Tag: consumer trends

Money sent home by overseas Filipinos continued its upward trajectory in May, providing a steady lifeline to millions of households and giving a welcome boost to the broader economy.

Citicore Renewable Energy Corp. (CREC) has secured a P4.05-billion project finance loan from Land Bank of the Philippines to build two embedded solar power projects in Central Luzon, expanding clean energy capacity while helping electric cooperatives deliver more reliable and potentially cheaper electricity.

The Palo Alto-based startup Sprouts.ai has raised $9 million in a Pre-Series A funding round, bringing its total funding to $14 million. The investment was co-led by True Global Ventures and Accel, with participation from Kickstart Ventures. The company plans to use the new capital to improve its AI agent capabilities, expand its integrations with other software, and fuel its overall platform growth.

Easing global oil prices could provide the Philippines with a timely economic tailwind,  strengthening the peso, improving financial conditions and giving the Bangko Sentral ng Pilipinas (BSP) greater scope to ease monetary policy, according to Manulife Investment Management.