According to the latest Senior Bank Loan Officers’ Survey (SLOS) from the Bangko Sentral ng Pilipinas (BSP), the majority of banks in the Philippines have largely maintained their lending standards for both businesses and consumers in the first quarter of 2025. However, the central bank’s report also indicates some tightening of credit conditions, driven by […]
CIMB Bank Philippines has announced the resolution of the unauthorized fund transfer incident that occurred on the evening of April 26, 2025, assuring all affected customers that their funds have been fully returned. The bank confirmed the development in a statement released on its official Facebook page, bringing relief to account holders who experienced the […]
The inaugural GITEX ASIA x Ai Everything Singapore concluded last week, marking a significant milestone in the region’s digital transformation. The three-day event, held at Marina Bay Sands from April 23-25, 2025, successfully convened a global tech ecosystem to capitalize on Southeast Asia’s (SEA) burgeoning digital economy. With Southeast Asia’s digital economy experiencing rapid year-on-year […]
The Bangko Sentral ng Pilipinas (BSP) has released its month-ahead inflation forecast for April 2025, projecting that price increases will remain subdued. The central bank expects inflation to settle within a comfortable range of 1.3 to 2.1 percent, signaling continued price stability in the Philippine economy. In a press release, the central bank stated that […]
Maya, the Philippines’ leading fintech ecosystem and #1 digital bank, is taking another bold move with the rollout of the Maya Black Credit Card (Maya Black). Designed for mobile-first consumers and powered by the company’s proprietary data and AI-driven credit models, Maya Black signals a pivotal shift in the credit card market in the Philippines. […]
The Philippines has received a significant vote of confidence in its economic management as Fitch Ratings reaffirmed the country’s “BBB” credit rating with a “stable” outlook. (A ‘BBB’ rating indicates that expectations of default risk are currently low. It also means that the country’s current capacity for payment of financial commitments is considered adequate. Moreover, […]
Global financial technology giant Payoneer (Nasdaq: PAYO) today marked a significant milestone, celebrating two decades of transformation, innovation, and the entrepreneur’s embodying ambition that transcends border and boundaries. John Caplan, Payoneer CEO and Director, onstage Founded in 2005 with a vision to democratize global commerce, Payoneer has evolved from a pioneering mass payout solution into […]
Union Bank of the Philippines, a key player in the Philippine banking sector, is currently navigating a complex landscape of aggressive growth and increasing problem loans, according to a recent report by Moody’s Ratings. The bank’s strategic push to expand its footprint, particularly in the retail lending space, has propelled it to the forefront with […]
The Bangko Sentral ng Pilipinas (BSP) has taken a significant step towards enhancing public access to financial information and services with the launch of its new mobile application, “BSP Mobile.” The app, officially launched last April 14, 2025, is designed to provide Filipinos and investors with a more convenient and user-friendly way to connect with […]
Filipino online shoppers just got a whole lot closer to their favorite creators’ recommendations as YouTube, in a landmark partnership with Shopee, officially launched “YouTube Shopping” in the country yesterday. This strategic move, powered by a robust partnership with the e-commerce giant Shopee, integrates seamless shopping directly within the YouTube viewing experience. The Philippines now […]
