Daily Archives

In pursuit of enabling more micro, small, and medium enterprises (MSMEs) to get access to capital, SeekCap, the country’s first online lending marketplace, has partnered with Alliance Software, Inc., one of the Philippines’s largest independent Filipino software development and business solutions companies, to offer the latter’s MSME clients business loans. 

“Alliance WebPOS customers can now apply…

THE Insular Life Assurance Co. Ltd. recently announced its Board of Trustees accepted during its March meeting the retirement of President and CEO Mona Lisa B. dela Cruz, effective June 7.

Dela Cruz has served Insular Life for 41 years, rising from assistant manager in mass marketing to heading actuarial and administrative operations, before being appointed…

THE BANGKO SENTRAL ng Pilipinas (BSP) is likely to keep its policy settings untouched in 2021 to support recovery, analysts said, with a rate hike expected to happen if inflation risks persist.

“The BSP will look to the slow domestic recovery as a reason to keep monetary policy accommodative, particularly with uncertainty around the pandemic still…

THERE WILL BE no mandatory loan moratorium despite the reimposition of stricter lockdown measures, the Bangko Sentral ng Pilipinas (BSP) said, even as it urged banks to provide relief measures to borrowers amid the situation.

The central bank said in a statement shared by BSP Governor Benjamin E. Diokno to reporters through Viber that the mandatory…

PHILIPPINE central bank Deputy Governor Mamerto Tangonan has long wanted to make electronic money so ubiquitous that one could pay at a street stall via mobile phone. Now he’s leading the bank’s digital drive.

“This is my life’s purpose,” Mr. Tangonan said in a March 24 interview, his first since he took office in February.

Mr. Tangonan,…