The unwavering dedication of overseas Filipinos (OFs) continues to serve as a powerful engine for the Philippine economy, with personal remittances surging by 2.6% year-on-year to reach a robust US$3.13 billion in March 2025. This consistent and substantial influx of foreign currency underscores the vital role of overseas Filipinos in sustaining the Philippine economy and […]
The relentless march of digital finance in the Philippines continues its powerful surge. New analysis from Digido reveals the immense scale of this digital shift, with Filipinos collectively spending an astounding 1.54 billion seconds — equivalent to nearly half a century — glued to non-bank digital lending applications in 2024. This eye-opening figure underscores the deepening […]
by Peter Chambers, Managing Director, APAC, AMD Enterprise cloud demands have evolved beyond the early drivers of adoption. Now, more than ever, businesses must be prepared to scale at a moment’s notice. Meeting unexpected user demand while maintaining service levels is an ongoing challenge. At the same time, cloud workloads are becoming increasingly specialised, requiring […]
Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Bandai Namco Entertainment, Inc., a leading game publisher in Japan, has launched the Gundam Metaverse on AWS, the world’s leading cloud provider, for fans across the globe. The Gundam Metaverse is delivered using the new Amazon GameLift Streams capability on AWS, providing […]
A collective sigh of relief and a surge of optimism swept through the Philippine financial landscape following the nation’s official exit from the Financial Action Task Force’s (FATF) grey list this past February. The delisting, a culmination of concerted reforms and unwavering commitment from various government agencies, is poised to unlock a cascade of benefits […]
In a stark warning delivered amidst the global economic gathering at the International Monetary Fund-World Bank Group (IMF-WBG) Spring Meetings, Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. sounded the alarm on the unique and persistent threat posed by trade shocks to emerging economies. Unlike the fleeting disruptions of typical supply-side issues, trade […]
GCash, the country’s leading mobile wallet, has recently forged a strategic alliance with the trusted microfinancial services provider, Cebuana Lhuillier Bank. This groundbreaking partnership, unveiled earlier this month, aims to democratize access to high-yield savings accounts through the innovative eC-Savings feature within GCash’s GSave marketplace. The collaboration directly addresses a critical challenge highlighted by the […]
The Philippine financial system concluded 2024 with a display of robust performance, underscoring its crucial role in propelling the nation’s economic growth. The latest Report on the Philippine Financial System for the second semester of 2024, released by the Bangko Sentral ng Pilipinas (BSP), paints a picture of sustained expansion across BSP-supervised financial institutions (BSFIs). […]
A new era of business operations driven by artificial intelligence is on the horizon, promising levels of autonomy previously unimaginable. This is the central finding of “Accenture Technology Vision 2025” report, released earlier this week. The research highlights a rapidly unfolding digital landscape where AI continuously learns, adapts, and independently manages crucial business functions, impacting everything from […]
According to preliminary data released today by the Bangko Sentral ng Pilipinas (BSP), despite a slight moderation from the previous month, the Philippine banking sector continued its strong lending performance in March, with outstanding loans from universal and commercial banks (U/KBs) expanding by a significant 11.8 percent year-on-year. Facade shot of the BSP office in […]
