Wednesday, 27 August 2025, 6:29 pm

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    2Q 2024 external liabilities eased, but government and corporate debt pressure mounts

    The country's external financial landscape showed mixed signals in 2Q 2024, with a 3.6 percent quarter-on-quarter easing in its net external liability position to P2.9 trillion, down from P3 trillion in 1Q 2024.

    DBCC commits to 2 percent to 4 percent inflation target to anchor economic expectations

    Food-driven high inflation, averaging a three-month high of 2.5 percent in November, is forecast to average no higher than 3.1 percent in December, the Bangko Sentral ng Pilipinas (BSP) said on Friday.

    Govt on track to meet fiscal goals; 11-month revenue at 96% of target

    The Philippine government is on track to meet its fiscal goals for 2024, with revenue collection outpacing the target as of November, helping keep...

    Remittances seen rounding 2024 at $40 billion

    Remittances, a potent source of external liquidity for the Philippines, is projected to round the year at more than USD40 billion this year, according to latest estimates by the World Bank.

    Globe Business helps power cooperatives with digital transformation

    In a move helping empower cooperatives across the Philippines, Globe Business is enabling digital transformation to improve member engagement, streamline operations, and promote sustainable growth.

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    GCash launches ‘Tap to Pay’ for contactless global payments

    Philippine fintech firm GCash has launched Tap to Pay, a new contactless payment feature that allows users to make transactions by simply tapping their NFC-enabled Android phones on Mastercard-accepting terminals worldwide.

    VICT secures long-term enterprise agreement with Aussie unions

    Victoria International Container Terminal (VICT), the Australian subsidiary of International Container Terminal Services, Inc. (ICTSI), has signed a comprehensive enterprise agreement with local unions, securing labor conditions across its operations until March 2029.

    Cebu Pacific adds direct Cebu–El Nido Flights, expands domestic reach

    Cebu Pacific will launch daily direct flights between Cebu and El Nido beginning 26 October, further strengthening its domestic network and enhancing inter-island connectivity in the Philippines.

    SMC, Quezon City in pact expanding flood control, river rehab efforts

    San Miguel Corp. (SMC) has formalized a partnership with the Quezon City government in a newly signed memorandum of agreement (MOA) to scale up flood control and river rehabilitation efforts under its Better Rivers PH program.

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