The Bank of the Philippine Islands (BPI) reported a net income of ₱16.6 billion for the first quarter as strong revenue growth offset increased operating expenses and provisions for credit losses.
The European Union and the Philippines are setting up a joint artificial intelligence (AI) industry laboratory to help businesses adopt emerging technologies, improve productivity and attract investment, with micro, small and medium enterprises (MSMEs) among the intended beneficiaries.
Filipinos are adopting faster, digital-first methods to move money across borders, relying heavily on mobile wallets and bank transfers to support daily household needs while demonstrating an appetite for emerging digital currencies like stablecoins.
The Philippines’ business and investment outlook is deteriorating as rising public debt, slowing economic growth and weakening foreign investment inflows intensify fiscal and economic pressures, according to a new assessment by WR Advisory Group.
Mindanao is emerging as the Philippines’ most credit-receptive region, with 54 percent of consumers planning to borrow or use credit for purchases in the coming months, even as more respondents identify as lower-income, according to TransUnion’s 2026 Credit Perception Index.