The Bangko Sentral ng Pilipinas (BSP) has outlined new penalties for violations of the peso real-time gross settlement (RTGS) payment system, aiming to ensure consistent and efficient enforcement among participants.
The Philippine economy enters the final quarter of 2024 with both consumers and businesses showing renewed confidence, according to the Bangko Sentral ng Pilipinas (BSP).
The Bangko Sentral ng Pilipinas (BSP) on Thursday took a decisive step in its monetary policy, cutting its key interest rate by 25 basis points to 5.75 percent, signaling a shift toward a more accommodative stance to support the economy.
The country's balance of payments (BOP) position posted a surplus of USD2.1 billion in the first 11 months of 2024, a turnaround from last year when this stood as a deficit of USD2.3 billion, latest data from the Bangko Sentral ng Pilipinas (BSP) show.
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.
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 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.
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.