Furthering financial inclusion in the country, RCBC trailblazes the digital transformation journey of tricycle drivers and market vendors during the Digital Financial Literacy Briefing led by the Bangko Sentral ng Pilipinas (BSP) held at Pepe Subdivision, Cabanatuan City. The financial literacy briefing showcases the features and benefits of using digital finance in their enterprises. Both drivers and vendors were immersed …
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Preliminary data show that outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the BSP, grew by 13.7 percent year-on-year in November from 13.9 percent in October. On a month-on-month seasonally-adjusted basis, outstanding universal and commercial bank loans, net of RRPs, rose by 0.3 percent. Outstanding loans to residents, net of RRPs, went up …
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Leading Philippine fiber internet provider Converge Information and Communications Technology Solutions, Inc. (PSE: CNVRG) has received the greenlight to provide international connectivity services in Singapore through its wholly-owned subsidiary, Converge ICT Singapore Pte. Ltd. (Converge SG), to further strengthen its fast-growing international wholesale business. In its grant letter, the Infocomm Media Development Authority (IMDA), a statutory board under the Singapore …
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The BSP is closely coordinating with BPI in relation to the double debit transaction incident affecting BPI accountholders. The Bank already identified the root cause of the operational error and committed to reverse the erroneous transactions and restore mobile and internet banking services the soonest possible. The BSP has instructed BPI to submit a timeline and updates on the reversal …
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The Philippine tourism industry gained so much from the holiday season in terms of foreign visitors after it surpassed its target of 1.7 million with 2.65 million international arrivals at the end of 2022. The arrivals translated to P208.96 billion or USD3.68 billion in tourism revenues, a whopping 2,465.75-percent increase from 2021, according to a news release on Monday. Based …
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The country’s manufacturing performance in December 2022 recorded its best score in six months, according to the latest S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI). S&P Global reported Tuesday that the Philippines PMI in December 2022 increased to 53.1 from 52.7 in November 2022. It attributed the improvement to the expansion in production levels, solid domestic demand, and an …
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The start of 2023 had been unkind to the Philippine Azkals after they suffered a 1-2 defeat from Indonesia in their final match in the 2022-23 AFF Mitsubishi Electric Cup at the Rizal Memorial Stadium in Manila. Despite a hot start, the Azkals could not give longtime captain Stephan Schrock a fitting sendoff in his retirement match as the Garudas …
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As part of its continuing assistance to 45 families in Sitio Polton, Insular Life (InLife) Cebu Office has conducted outreach activities in partnership with the Insular Foundation and the Missionaries of Africa. InLife employees conducted a values formation session for children, and turned over school supplies to 43 student-beneficiaries from the Foundation’s adopted families. Further, InLife financial advisor Vanessa Abelgas …
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Pilipinas Shell Corporation President and CEO Lorelie Quiambao-Osial at the recent Philippine Digicon 2022, where she was recognized as one of the country’s top women leaders who have made impactful contributions within their industries through their daring leadership. Pilipinas Shell Corporation President and CEO Lorelie Quiambao-Osial shared the key strategies that helped the company navigate the pandemic at the recent …
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This week’s column is devoted to 97-year-old Elpidia Concepcion-Santiago from Pandi, Bulacan, also known as ‘Kakang Pidyang’ and her unrelenting faith, willpower and discipline that never cease to amaze and inspire many. But before I proceed with her story let me first tell you how our family decided to spend Christmas celebration in a more meaningful way – not only …
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The Market Monitor Minding the Nation's Business