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True to its commitment to embark on digital transformation to empower as many Filipinos as possible, RCBC’s DiskarTech, has adopted the interoperable national quick response (QR) code standard as payment and transfers feature in its super app. This is in support of the government’s massive digitalization efforts especially during the pandemic through the initiatives of…

The Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) will allow foreign investors to enter the Philippines starting from Nov. 1.

Under Resolution No. 80 dated Oct. 22, foreign nationals with investment visas will be allowed to enter the Philippines, which has implemented travel curbs starting February to stem the rise in coronavirus…

The central bank has approved $3.919 billion in government’s foreign loans in the third quarter, with most of the funds going to the coronavirus disease 2019 (COVID-19) pandemic response and massive infrastructure projects.

The amount of national government foreign borrowings approved was 49% higher than the $2.654 billion in foreign debt greenlit in the same period…

MANILA – Improving the financial inclusion landscape in the Philippines is seen to further help in the recovery of the domestic economy from the pandemic.

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno, in a taped speech during the Pru Life UK Online Investment briefing Friday, said “financial inclusion has become a compelling strategy for sustainable growth.”

He…

Last October 20, Union Bank of the Philippines (UnionBank) held the fifth installment of its E-TalkTales series wherein Head of Transaction Banking Mon Duarte discussed the Bank’s various transaction banking solutions, particularly The Portal, its all-digital banking platform for corporate clients.

Duarte began the discussion by differentiating UnionBank’s Transaction Banking solutions, which he defined as simply…

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…