The digital lending market in the Philippines is poised for explosive growth, projected to surpass US$1 billion by the second half of 2025. This surge comes even as the International Monetary Fund (IMF) slightly downgraded the country’s economic outlook for 2024 and 2025, citing high food prices. A recent study by Digido, a leading online […]
LANDBANK has welcomed the recent passage of Republic Act No. 11954, which extends the Rice Competitiveness Enhancement Fund (RCEF) for another seven years. The RCEF is intended to improve the productivity and competitiveness of local rice farmers and increase their income through the provision of farm machinery and equipment, rice seed development, propagation, and promotion, […]
State-owned Development Bank of the Philippines (DBP) has successfully raised P11 billion through its latest bond issuance, exceeding its initial target by a significant margin. The strong investor demand reflects growing confidence in the bank’s role as a key player in supporting the Philippine economy. DBP President and CEO Michael O. de Jesus announced that […]
GCash, the Philippines’ leading e-wallet, has taken a giant leap towards becoming a major player in the global remittance landscape by partnering with Ria Money Transfer, one of the world’s largest cash remittance systems. This strategic alliance is a game-changer for overseas Filipino workers (OFWs) who rely on fast, secure, and affordable ways to send […]
Listed China Banking Corporation (Chinabank) is on a roll. Following a banner year in 2024, the bank is setting its sights even higher, announcing plans to raise up to P100 billion over the next three years to propel its expansion and strategic initiatives. This ambitious fundraising plan comes on the heels of the bank’s impressive […]
To assist its credit cardholders in reducing their fuel expenses, Gotianun-led East West Banking Corp. has extended its exclusive collaboration with Unioil Petroleum Philippines Inc. Executives of Unioil and EastWest Bank during the partnership signing The partnership, which is in its fifth year, enables EastWest credit cardholders to take advantage of a discount of up […]
Security Bank, one of the Philippines’ leading financial institutions, has partnered with WeFund Lending Corp., the company that operates the cash loan application JuanHand, to increase Filipinos’ access to financial services. This landmark collaboration aims to empower individuals, families, and businesses by providing faster and easier access to financial solutions, ultimately promoting financial inclusion in […]
The latest set of forecasts from the Bangko Sentral ng Pilipinas (BSP) points to continued resilience in the country’s overall balance of payments (BOP) position for 2024 and 2025, although at a slower pace compared to the strong performance seen in 2023. This assessment takes into account a combination of global and domestic factors, including […]
According to Ericsson, a leading provider of mobile connectivity solutions, 5G Standalone (5G SA) and 5G Advanced are expected to be key focuses for communications service providers (CSPs) for the remainder of the decade as they deploy new capabilities to create offerings centered on value delivery rather than data volume. Ericsson Mobility Report’s latest findings […]
ChinaBank announced recently the launch of CHIB GPT 2.0, a significant upgrade to its internal chatbot service designed to revolutionize employee productivity. Building on the success of its predecessor, CHIB GPT 1.0, which saw a remarkable 12-fold increase in query volume, the new and improved chatbot leverages the power of GPT-4.0 to deliver smarter, faster, […]
