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Rice wholesale price remains elevated in March — PSA data

The wholesale price of rice continued to rise in March, with well-milled rice hitting a national average of P50.84 a kilo, data from the Philippine Statistics Authority show.

Changing consumer preference, smuggling set tobacco manufacturer teeth on edge

Changing consumption patterns and smuggling have set the collective teeth of the Philippine Tobacco Growers Association (PTGA) and the National Federation of Tobacco Farmers...

Philippines shows narrower deficit in trade of agricultural products in 2023 — PSA

The country's agricultural trade deficit narrowed in 2023 to USD11.49 billion as the both exports and imports of farm products decreased, data from the Philippine Statistics Authority showed.

Credit cards, car loans remain top draws as bank products

Car loans and credit cards remain the banks' most popular products in latest data showing consumer loans having grown slightly above 25 percent in February this year.

Jobless rate in February declines to 3.5 percent; services sector provides bulk of new jobs

The unemployment rate in the country declined in February to 3.5 percent, equivalent to 1.8 million Filipinos, compared with the level in January and in February last year, the Philippine Statistics Authority said Thursday.

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EastWest bolsters customer protection with ‘Banking Made Safer’ suite, unveils Easylock and enhanced security tools 

EastWest has rolled out its comprehensive "Banking Made Safer" initiative, a robust set of upgraded security and fraud prevention measures designed to safeguard customer accounts and savings while maintaining the ease and accessibility of digital banking.

Experts say trusted data key to better business decisions

Philippine companies swimming in unprecedented amounts of data should focus less on collecting more information and more on ensuring its reliability, depth, and context, business leaders said at a panel discussion organized by CIBI Information Inc.

BPI Wealth selects BlackRock’s Aladdin platform to transform wealth management operations 

BPI Wealth, the asset and wealth management division of the Bank of the Philippine Islands, has selected BlackRock’s Aladdin investment and wealth management platforms to modernize its operational ecosystem and future-proof its asset management infrastructure. This strategic technology adoption marks a major operational shift for the institution, unifying risk analytics, portfolio management, and daily workflows into a single institutional-grade system.

Skyro expands support for 5,000 Philippine SMEs

Consumer finance company Skyro is expanding support for Philippine small businesses beyond financing, offering merchant tools, account management, and marketing assistance as micro, small, and medium enterprises (MSMEs) contend with credit constraints and pressure on consumer spending.

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