by Jan Michael Carpo, Reporter In a media advisory, the Philippine Stock Exchange (PSE) announced recently that due to a lack of fresh triggers, investors remained on the sidelines, and yesterday’s stock market ended marginally lower. The key index of the PSE fell 3.54 points, or 0.06 percent, to close out at 6,230.20. The larger […]
Multi-year agreement to see Amdocs providing end-to-end cloud services hosted on AWS, enabling PH-based operator to achieve greater efficiency while providing an enhanced customer experience Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, today announced it has been selected by PLDT Inc. (PLDT), the largest telecommunications and digital […]
In response to the Bangko Sentral ng Pilipinas (BSP)’s feedback, the Gokongwei-owned Robinsons Bank Corp. and the Ayala-led Bank of the Philippine Islands (BPI) have recently announced that they will soon be undertaking a fresh new strategy and will be making changes in the implementation of their articles of merger. According to a media advisory […]
In a recent dialogue with the country’s top economic managers held at Doha in Qatar last September 10, entitled “PH Dialogue: Economic Outlook and Opportunities,” the Bangko Sentral ng Pilipinas (BSP) underscored its readiness to safeguard the national government’s inflation target. According to BSP Deputy Governor Francisco G. Dakila, Jr., the average inflation for 2023 […]
Digital-only bank CIMB Bank Philippines announced recently that it has teamed up with Visa to accelerate the growth of its debit card program through the use of Visa’s virtual and real cards. According to CIMB, the partnership will allow Visa, the world leader in payments technology, to gain more exposure from a new group of […]
A number of enterprises in the Philippines, especially small startup businesses, are now taking advantage of the unique benefits that Bitcoin and other forms of cryptocurrency can bring. According to Ethan Rose, the CEO of Pouch.ph, “One of the significant challenges now faced by small businesses is the limited availability of payment methods, with credit […]
Digital Pilipinas leads on inclusivity, sustainability, and creativity as key drivers of the region’s digital economy growth The ASEAN Indo-Pacific Forum (AIPF) 2023, Indonesia’s flagship event as ASEAN Chair in 2023, convened government leaders, top industry executives, and market trailblazers in Jakarta last September 5 and 6, 2023. Top ASEAN leaders, including President Ferdinand Marcos, […]
Metropolitan Bank and Trust Co. (Metrobank) has once again been hailed as the country’s top domestic bank, duplicating its feat in 2021 when it was conferred the same honors at the height of the pandemic. The award was given to Metrobank for its impressive financial performance and commitment to financial literacy at the recently concluded […]
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona, Jr. recently expressed concern about further “financial accidents” that may be brought on by the strong rate increases implemented by the US Federal Reserve to combat inflation. In a media advisory, the BSP chief said that the US central bank’s tightening cycle could result in more unpredictable […]
A top official of the Development Bank of the Philippines (DBP) announced recently that the state-owned financial institution has won a total of five awards for its laudable contributions aimed at advancing the development of capital markets in the country. The award was conferred during the 8th IHAP Awards organized by the Investment House Association of […]
