The arrest of former Philippine President Rodrigo Duterte on Tuesday, March 11, and his subsequent placement on a plane to The Hague, following an International Criminal Court (ICC) warrant, has sent shockwaves through the nation, potentially impacting the Philippine economy in a crucial election year. The warrant stems from allegations of crimes against humanity related […]
The Development Bank of the Philippines (DBP), a cornerstone of the nation’s economic development, has delivered a powerful performance in 2024, reporting a remarkable 20% surge in net income that has reached a robust PHP7.1 billion. This significant financial achievement underscores the state-owned bank’s vital role in driving the Philippines’ economic agenda, fueled by strategic lending […]
In a resounding testament to its robust strategy and unwavering customer trust, BDO Unibank, Inc. has announced a remarkable 12% year-on-year surge in net income, reaching a staggering PHP82 billion in 2024. This financial powerhouse, a cornerstone of the Philippine banking landscape, has not only exceeded expectations but also solidified its position as a driving […]
The Philippine economy, which posted a slight dip in 2024, demonstrated strong financial momentum in January 2025, with bank lending surging and domestic liquidity maintaining a steady growth trajectory, according to preliminary data released by the Bangko Sentral ng Pilipinas (BSP) recently. Bank lending soars, fueling growth for PH economy Outstanding loans from universal and […]
In a significant move aimed at streamlining financial transactions for millions of overseas Filipino workers (OFWs), GCash has announced a strategic partnership with BCRemit, a leading online remittance provider. This collaboration, effective last February, empowers OFWs in Europe, specifically Spain and the United Kingdom, and the United States, to effortlessly send money directly to their […]
Payoneer (NASDAQ: PAYO), a fintech titan bridging the gap for small and medium-sized businesses (SMBs) worldwide, has unveiled a stellar 2024 performance, marking a year of unprecedented growth and profitability. The company’s latest financial results reveal a record-breaking US$80 billion in annual volume, a surge of 18% in revenue, and a significant leap in profitability, […]
Artificial Intelligence (AI) is undeniably here, transforming how communication professionals create content, engage audiences, and predict trends. But while artificial intelligence can do a lot (it can be a powerful tool for creation!), it’s not here to replace human creativity, strategy, and judgment. The real advantage lies in knowing how to use artificial intelligence as […]
The Bangko Sentral ng Pilipinas (BSP) is intensifying its efforts to optimize coin circulation and foster financial literacy, launching a multi-pronged strategy that targets both adults and children. This initiative, highlighted by the expansion of the Piso Caravan program, aims to streamline currency exchange and cultivate a culture of saving among young Filipinos. Building upon […]
In a strategic move designed to empower its corporate clientele, CTBC Bank Philippines has unveiled a significantly enhanced Corporate NETBanking Web Portal, a testament to its commitment to digital innovation and customer-centric solutions. The revamped portal, developed in collaboration with IT powerhouse Hitachi Asia, promises to redefine the corporate banking experience, offering real-time insights, streamlined […]
Change is now sweeping through the Securities and Exchange Commission (SEC), its winds shifting from being harbingers of devastating storms to a force for reform. The commission ignited hope in climate-stricken communities by announcing mandatory sustainability reporting for publicly listed companies by 2026. Simultaneously, this directive sent ripples through the nation’s burgeoning finance technology sector. […]
