Today, Amazon Web Services (AWS) and the International Research Centre on Artificial Intelligence (IRCAI), an organization under the auspices of UNESCO, announced the launch of the “Compute for Climate Fellowship,” a program that is aimed at helping elevate global startups by creating solutions to address one of six areas of the climate crisis. These areas […]
State-owned Development Bank of the Philippines (DBP) has just completed the disbursement of funds under its P1-billion interest rate subsidy program. According to a top official of the DBP, the subsidy program covers local government units (LGUs) in the implementation of their respective COVID-19 response and recovery interventions. IMAGE CREDIT: www.dbp.ph DBP President and Chief […]
President Ferdinand Marcos Jr. praised his administration’s push for digitalization recently, saying that government organizations must make sure that “their vital services are digitalized immediately.” Pres. Ferdinand Marcos, Jr. delivering a speech during his 2nd SONA (IMAGE CREDIT: RTVM) In his second State of the Nation Address (SONA), Marcos stated that “government must fully embrace […]
The Bangko Sentral ng Pilipinas (BSP), represented by Assistant Governor Atty. Arifa A. Ala, participated in the 9th Annual Philippine Property and Investment Exhibition (PPIE) and the inaugural of the Philippine Economic and Investment Summit (PEIS) held last May at the Radisson Blu Hotel in Dubai, United Arab Emirates (UAE). At left: BSP Assistant Governor […]
by Robin Wong, Chief Executive Officer of Mocasa In today’s rapidly evolving world, where cash transactions are giving way to digital payments, credit scores have become a crucial financial metric. A credit score is a numerical representation of an individual’s creditworthiness, reflecting one’s financial behavior and history. This is determined by factors such as payment […]
nChain, a global leader and pioneer in blockchain research with over 1,000 research papers about emerging technologies and applications across industries, has recently completed the latest edition of its “The Bitcoin Masterclasses” series in London. With the theme “Remittance Revolution: Exploring Micropayment Systems and Digital Currency for Empowering Migrant Workers,” the sixth masterclasses edition provided […]
In pursuit of its commitment to market development, the Bankers Association of the Philippines (BAP) recently launched the dollar-peso cross-currency swap (USDPHP CCS) market. IMAGE CREDIT: www.ecomparemo.com The Dollar-Peso cross-currency swaps involve a Philippines peso fixed rate and a US dollar floating swap, with standard tenors of 1, 2, 3, 4, 7, and 10 years. It […]
Citigroup Inc. recently welcomed economic managers from the Philippines who went to New York as part of a non-deal roadshow (NDR) to promote the upcoming launch of the country’s “Maharlika Investment Fund (MIF).” Photo shows Citigroup Inc. CEO Jane Fraser (center) together with the Philippines’ economic delegation made up of (from left:) Socioeconomic Planning Secretary […]
The Bangko Sentral ng Pilipinas (BSP) has just released the result of its measurement on the level of adoption of digital payments in the country in 2022, and according to outgoing BSP Governor Felipe M. Medalla, the outturns are very encouraging. IMAGE CREDIT: https://www.pymnts.com “The BSP has high hopes that the broadening digital payments usage […]
Earlier this month, the Bangko Sentral ng Pilipinas (BSP) shared that the country’s net external liability position has widened by 29.9 percent quarter-on-quarter (QoQ). IMAGE CREDIT: BSA_4qtr2022.pdf (bsp.gov.ph) Based on a preliminary Q4 2022 Philippine Balance Sheet Approach (BSA), it was reported that the net amount has grown from P1.5 trillion in Q3 2022 to […]
