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Oct 25 2020 
Gov’t borrowings hit P2.56 trillion
THE National Government (NG) borrowed P2.56 trillion from local and foreign sources in the first nine months of 2020, data from the Bureau of the Treasury (BTr) showed.
The government’s gross borrowings in the nine-month period surged by 179% from the P917.282 billion recorded a year ago.
In September, borrowings reached P90.6 billion, more than five times…
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Oct 25 2020 
PLDT, Smart select Nokia’s WING for breakthrough IoT services
First IoT offer for enterprises in the Philippines
PLDT Inc., through PLDT Enterprise and its Wireless arm Smart Communications. Inc., is in an advanced stage of discussion with long-time partner Nokia to provide next-generation Internet of Things (IoT) services for its customers. Together, Smart and Nokia intend to build the “Smart IoT Platform” – the first…
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Oct 25 2020 
Redefining Finance for Good: COVID-19, a Catalyst for Inclusive Digital Finance
The current COVID-19 health crisis is unprecedented in its scope, impacting all countries and the world’s economy at large.
In banking, COVID-19 has accelerated the shift to digital, pushing customers towards mobile banking and contactless payments. For financial institutions, COVID-19 has acted as a catalyst for digital transformation, revealing how outdated current processes were and how…
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Oct 25 2020 
Improved Financial Inclusion Key to Philippines’ Economic Recovery
Bangko Sentral ng Pilipinas’ (BSP) Governor Benjamin Diokno indicated that improving the financial inclusion landscape can aid in the recovery of the domestic economy from the pandemic.
In a taped speech during the Pru Life UK Online Investment briefing, he said “financial inclusion has become a compelling strategy for sustainable growth.”
Diokno mentioned that the government’s efforts to…
