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Business chiefs ask Malacanang to suspend Philhealth contribution hike 

Banking & Insurance Context.ph Context.ph -
Business leaders petition the Marcos administration to suspend the increase in contribution to the Philippine Health Insurance Corporation (Philhealth) indefinitely until complaints against the...

BSP governor rules out easing rates ‘soon’

Banking & Insurance Context.ph Context.ph -
The central bank governor on Wednesday ruled out rate cuts anytime soon due to upside inflation risks and signaled that borrowing costs will remain higher for longer.

JCRA affirms Philippines A- rating, stable outlook

Banking & Insurance Context.ph Context.ph -
​The Japan Credit Rating Agency, Ltd. (JCRA) has kept the country's investment-grade credit rating of A minus (A-) with a stable outlook.

Higher tax collection narrows budget deficit in 2023 to P1.512T

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Increased tax collection last year narrowed the government’s budget deficit to P1.512 trillion from P1.614 trillion in 2022, albeit slightly wider than the P1.499 trillion deficit target for the year.

NG debt rise to P14.79T in January on increased domestic borrowings

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The total national government debt at the end of January reach P14.79 trillion, up P173.91 billion from the level at the end December 2023, nudged higher by an increase in domestic borrowings for budget support.
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EastWest simplifies bank access via app with full digital account opening, credit card applications

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EastWest has expanded its EasyWay digital banking app to let Filipinos open savings accounts and apply for credit cards entirely from mobile devices, removing traditional hurdles to accessing financial services.

GCash still in early growth cycle, eyes banking expansion 

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GCash, the fintech platform used by 49 million Filipinos or 42% of the population, remains in the early stages of development with significant room to expand into banking and other financial services, according to a senior business adviser.

PEZA: Luzon corridor offers ready industrial base

Trade & Investments 0
The Luzon Economic Corridor (LEC) can give investors a head start by plugging them into 218 established economic zones and 1,777 locator companies already operating along the Subic-Clark-Manila-Batangas corridor, according to the Philippine Economic Zone Authority (PEZA).

SEC greenlignts ACE Medical’s direct public offering

Corporate 0
The Securities and Exchange Commission (SEC) has granted regulatory approval for two key transactions: the direct public offering (DPO) of Allied Care Experts (ACE) Medical Center - Pateros Inc. and the rental pool program of Arthaland Corp., a leading property developer.

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