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A central bank digital currency (CBDC) will not materialize in the Philippines within the term of Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno, which is until 2023.

“I don’t think so. Most central banks said they will not issue CBDC within the next five years. So not within my term,” Diokno said in a virtual…

BUSINESSES must embrace sustainability to survive amid the so-called new normal, experts said on Wednesday.

Department of Trade and Industry-Export Marketing Bureau (DTI-EMB) Director Senen M. Perlada said companies should adapt to the new global economy which is becoming digital, green and circular. Failure to do so, he said, would result in the closure of business.

“The…

SM INVESTMENTS Corp. (SMIC) is launching a support program for micro-, small-, and medium-sized enterprises (MSMEs) as it highlights the need to assist small businesses within its ecosystem to survive the coronavirus pandemic.

Timothy Daniels, investor relations consultant for the listed conglomerate, said during a BusinessWorld webinar on Wednesday that SMIC is giving MSMEs financial and…

Google Philippines now allows businesses to list their products on the Google Shopping tab for free to help micro, small, and medium enterprises (MSMEs) recover.

Bernadette Nacario, Google Philippines country director, said in a Google online event Wednesday that this is part of Google’s initiatives to help Filipino businesses bounce back amid the Covid-19 pandemic.

With the…

AN industry-wide study is needed to determine the ceiling of interest rates charged by nonbank financial institutions, such as mobile lending platforms, on borrowings, the Bangko Sentral ng Pilipinas (BSP) said.

BSP Financial Inclusion Group OIC Rochelle D. Tomas, in a webinar hosted by Home Credit Philippines on Wednesday, said the Central Bank is doing an…