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    BSP implements penalties for peso RTGS offenses to strengthen payment system compliance

    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.

    PH foreign debt surges to still manageable $139.64B 

    The country's external debt in the quarter ended September totaled USD139.64 billion, a 7.3 percent increase from the previous quarter.

    Fourth-quarter consumer, business confidence indices on the rise

    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).

    BSP eases monetary policy as expected, forecasts 3.4% inflation for 2025 amid global stabilization

    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.

    11-month BOP reverts into surplus of $2.1 B

    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.

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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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