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Filipinos now prefer digital payments over ATM withdrawals, with InstaPay fund transfers surpassing ATM transactions in both value and volume after the pandemic. According to the Bangko Sentral ng Pilipinas (BSP), InstaPay transactions in September 2024 reached…
MANILA, Philippines – A business delegation from Taiwan met with officials of the Philippine Economic Zone Authority (PEZA) to explore investment opportunities in the country, particularly in ecozone development. In a statement Friday, PEZA said the Taiwanese…
Remittances or money sent home by Filipinos working abroad dropped to a six-month low in November 2024, as the weak peso helped them save on transfer costs. According to the Bangko Sentral ng Pilipinas (BSP), cash remittances…
CEBU CITY, Philippines – Despite ongoing tensions at the West Philippine Sea, the Chinese government is hoping for stronger bilateral ties with the Philippines. This year, China and Philippines will be celebrating its 50th anniversary of diplomatic…
MANILA, Philippines — Philippine economic growth is expected to accelerate this year and in 2026, making the country one of the strongest performers among Southeast Asian economies. UN report: PH one of strongest performers in Southeast Asia…
MANILA, Philippines – Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said the central bank is considering a subscription fee model for digital transactions. “If you look at the payment system, every time you add one more participant,…
Philippine Airlines (PAL) is expanding its domestic network by introducing by March 1 a new route linking Cebu to Catarman, the capital of northern Samar. On the same date, the flag carrier will also increase its Cebu-Siargao…
The Philippine peso may fall below the 59:$1 mark in the second quarter of 2025, reaching a new record low as Asian currencies weaken due to the strong US dollar. HSBC Global Research economist Aris Dacanay told…
After last week’s price cuts, fuel prices will rise this week by up to P1.40 per liter. PetroGazz, Shell Pilipinas, Seaoil, and Cleanfuel announced on Monday that diesel prices will increase by P1.40 per liter starting Tuesday,…
MANILA, Philippines — The stock market’s poor performance in 2024 creates more growth opportunities this year, with the Philippine Stock Exchange Index (PSEi) expected to reach around 7,600. First Metro Securities and Singapore’s DBS Bank stated that…
CEBU CITY, Philippines – The country’s second busiest airport has seen a slight increase in passenger volume for 2024. Data from the Mactan Cebu International Airport Authority (MCIAA) showed that from January to November, the airport accommodated…
The government’s “green lane” program has registered 176 projects worth a total of P4.54 trillion, according to the Board of Investments (BOI). BOI: ‘Green lane’ investments soar to P4.54T across key sectors As of Dec. 26, the…
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