Ericsson (NASDAQ: ERIC), a global leader in telecommunications, has announced the launch of its groundbreaking ‘EricssonEdge Academia Program,’ aimed at transforming early career talent development in the telecom sector across Southeast Asia, Oceania, and India. The program is designed to equip young professionals with the skills they need to thrive in a rapidly evolving industry, […]
Bank lending activity through the foreign currency deposit units (FCDU) of financial institutions in the Philippines saw a slight decline in the second quarter of this year, reflecting a cautious borrowing environment amid global economic uncertainties. The latest data from the Bangko Sentral ng Pilipinas (BSP) revealed that outstanding FCDU loans stood at US$15.63 billion […]
The Palawan Group of Companies has become a key gateway for Metrobank’s “Collect Anywhere” services, a significant partnership that expands the financial reach and payment convenience for Filipinos nationwide. The official signing of the agreement took place at the Grand Hyatt Manila, where top officials from both organizations were present to solidify the collaboration. Lisa […]
China Bank has emerged as a dominant force in the Philippine financial services industry, clinching two prestigious awards at The Asian Banker Awards 2024. In a press statement, China Bank said that its innovative offerings, “Chinabank Destinations Mastercard” and “Chinabank HomePlus,” were recognized as the best in the country at the Philippine Awards 2024 – […]
Micro, small, and medium enterprises (MSMEs), the backbone of the nation’s economy, just got a major boost from Security Bank with the launch of a revolutionary digital payment platform designed to address the pain points plaguing countless Filipino businesses today. Called “Security Bank Collect,” this all-in-one digital payment solution offers a one-stop solution for MSMEs, […]
The Bangko Sentral ng Pilipinas (BSP) has released preliminary data showing that the outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements, have grown at an accelerated pace in August 2024. In a media advisory, the BSP revealed that the year-on-year growth rate for outstanding loans rose to 10.7%, up […]
AMD (NASDAQ: AMD) and Oracle Cloud Infrastructure (OCI) have recently joined forces to push the boundaries of AI performance and scalability. In a major leap forward for artificial intelligence (AI) infrastructure, AMD Instinct MI300X accelerators, combined with the ROCm open software ecosystem, are now powering OCI’s newest Compute Supercluster instance, BM.GPU.MI300X.8, designed to handle AI […]
The Paleng-QR Ph Plus program of the Bangko Sentral ng Pilipinas (BSP) has just been launched in the coastal town of Dingalan, Aurora, and a number of program beneficiaries are saying this is a significant step towards financial inclusion and cashless transactions in the province. Dingalan, Aurora Mayor Shierwin H. Taay (left) uses QR PH […]
Chinabank has achieved a significant global milestone by securing a place on TIME’s prestigious World’s Best Companies of 2024 list. Ranked among the top 1,000 firms worldwide, Chinabank is being recognized for excelling in three key areas: employee satisfaction, revenue growth, and ESG (environmental, social, and corporate governance) performance. In a world where businesses often […]
Land Bank of the Philippines (LANDBANK) is set to launch two new e-wallet services in the fourth quarter of this year, further expanding its efforts to promote government disbursements and enhance financial inclusion. Facade shot of a LANDBANK building with 24-hour ATM services in Manila The state-run bank said that these services, developed in collaboration […]
