According to the Land Bank of the Philippines (LANDBANK), demand among Filipino retail investors to utilize digital investment platforms is growing strong. The state-run bank shared this observation after it had sold significantly more online placements in the recently concluded Retail Treasury Bonds Tranche 30 (RTB-30) issuance of the national government. In the same media […]
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The Metropolitan Bank & Trust Co. (Metrobank) has recently issued a media advisory announcing that it has successfully concluded its offering of dual-tranche, 5-year and 10-year U.S. dollar-denominated notes amidst overwhelming demand. IMAGE CREDIT: https://facts.net/world/landmarks/ The 5-year and 10-year bonds were priced at 110 basis points and 130 basis points above the benchmark U.S. Treasury […]
According to Visa’s latest Consumer Payment Attitudes Study, the “cashless wave” continues to gain momentum in the Philippines as consumer spending habits shift away from cash dependence and move towards using cashless payments. IMAGE CREDIT: https://www.visa.com.ph/ The report found that one in three consumers, or 37 per cent of those surveyed, believes that the majority of Filipinos […]
In 2022, the Land Bank of the Philippines (LANDBANK) unveiled its new brand promise of “Serving the Nation,” a tagline that has since embodied its full commitment to assist various sectors of the economy and contribute to the country’s collective recovery. IMAGE CREDIT: https://www.landbank.com/ To further deliver on this promise, the government-run bank has announced […]
New customer bookings for Azul Platform Core increased 49% YoY; new Platform Core customers added have increased by 36% YoY. Azul, the only company that is 100% focused on Java, announced accelerated growth last year across its product portfolio and geographies, including unprecedented demand for its OpenJDK products in the wake of Oracle’s Java SE […]
According to the Philippine Insurance Commission, insurance penetration in the Philippines remains remarkably low — way below its ASEAN neighbours like Thailand, which has 5 per cent, and Indonesia which recorded 2.72 per cent as of 2022. In fact, in 2023, insurance penetration in the Philippines was recorded at just 1.75 of the country’s gross […]
The Bank of the Philippine Islands (BPI) has recently upgraded its mobile banking app by integrating new security features. In a press statement, a bank official said that the move aims to ensure the continued confidence of Filipinos in digital banking while further shielding BPI clients from cyber fraud and scams. IMAGE CREDIT: https://bpi.com/ “Cyberattacks […]
In its latest report, the Bangko Sentral ng Pilipinas (BSP) announced that preliminary data on the country’s net International Investment Position (IIP) had indicated a net liability position of US$51.3 billion by the end of December 2023, higher by 8.1 per cent than the US$47.5 billion recorded by the end of September this year. IMAGE […]
by Daniel Ode, Head of Ericsson for Singapore, Brunei, PH and Head of Global Customer Unit (GCU) Singtel Group in Market Area Southeast Asia, Oceania & India (MOAI) 5G is a platform of innovation that is accelerating digitalization across nations. Digitalization is already a driving force in every industry and is the closest thing we […]
