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SOME ASIAN central banks, including the Bangko Sentral ng Pilipinas (BSP), will likely remain accommodative in 2021 to provide support to their coronavirus-battered economies, a think tank said.

“Indonesia, the Philippines and Vietnam have all cut rates in recent weeks, and we have further easing pencilled in for these three economies as well as India next…

FINANCIAL INSTITUTIONS are boosting their capabilities to ensure they can accommodate the needs of consumers and merchants in their shift to digital payments amid the coronavirus pandemic.

While systems put in place by regulators and financial players to facilitate digital transactions have helped, there is still a lot to work on as Filipinos embrace digital transactions,…

Finance Secretary Carlos Dominguez III has thanked the Senate for making history with its approval on Thursday of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act. Once signed into law, CREATE will finally put in place long-needed reforms in the country’s corporate tax and fiscal incentives system.

Dominguez said the Senate’s timely passage of…

THE MARKET has seen an increase in smaller businesses amid the coronavirus pandemic, with most firms tapping digital platforms to reach their customers.

Lazada Philippines said some of its merchants have seen a sizeable increase in sales as they used the platform amid the coronavirus pandemic.

“During COVID, we have 2.5 times more in daily sales than…

The Philippines is home to a striving fintech industry comprising more than 190 ventures operating in lending, payments, credit scoring, and more and the top funded fintech startups in the Philippines gives us a sense of what investors and startups believe to the biggest opportunities within the ecosystem.

As the momentum continues, we look today at some of…

The Next Normal will no doubt require a radical rethinking of how we approach interactions services, including how we make and receive payments. Digital payment systems offer the best approach for streamlining financial transactions, and will make it easier for us to keep a safe distance from others.

In the World Bank’s 2020 Philippines Digital Economy…

THE CENTRAL BANK’S financial inclusion and digitalization goals are likely to be met within the term of Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno as more Filipinos shift to online transactions amid the coronavirus pandemic.

“Our goal is that at least 70% of Filipino adults should have a bank account by 2023. But with…

The Philippine peso, which lagged its peers in Asia this quarter, may get a boost in December with millions of Filipinos abroad set to send record amounts of money home to help families suffering from the pandemic and the recent typhoons.

December is a seasonally strong month for the peso, with the currency gaining in the period…

A bank executive said the Philippine economy can rely on the fundamentally-strong financial sector to remain on track as it clambers from recession.

Security Bank Treasurer Raul Martin A. Pedro said in a webinar on Thursday that the banking sector has maintained a robust capitalization even before the lockdown measures against the pandemic pushed the economy…

​The Monetary Board approved the recognition of digital bank as a new bank category that is separate and distinct from the existing bank classifications.  A digital bank is defined as a bank that offers financial products and services that are processed end-to-end through a digital platform and/or electronic channels with no physical branches. This is…