Digital payment transactions coursed through PESONet and InstaPay surged to ₱13.18 trillion in the first five months of the year, with transaction volumes nearly tripling as Filipinos increasingly rely on digital channels for their daily needs. According to the latest data from the Bangko Sentral...
NICOSIA, Cyprus (AP) — The Iran war 's shock to global fuel prices has reinforced Europe 's stance that it must forge alternative trade and energy routes to the Strait of Hormuz. Here is a look at what the European Union is contemplating to bolster its energy security and minimize the...
A 26-year-old man wanted for multiple counts of child abuse involving his 15-year-old niece was arrested in Bauang, La Union on Tuesday, June 16. The suspect faces five counts of violating Republic Act 7610, the Special Protection of Children Against Abuse, Exploitation, and Discrimination Act,...
Money sent home by overseas Filipinos (OFs) fell to $2.72 billion in April, dropping from the $2.87 billion recorded in March to hit its lowest level since May last year, as tighter budgets constrained cash transfers. According to the latest data from the Bangko Sentral ng Pilipinas (BSP) released...
Weekends are made for spontaneous road trips, long drives, and discovering new places along the way. Just a few hours from Metro Manila, travelers can turn a simple escape up north into a mix of beachside activities, food discoveries, entertainment, and leisure stops through SM City La Union, SM...
Philippine banks’ bad loan ratio deteriorated to 3.37 percent as of end-April 2026, marking an eight-month high, likely due to the delayed impact of elevated borrowing rates on borrowers. The latest Bangko Sentral ng Pilipinas (BSP) data showed that the banking industry’s gross non-performing...
The Philippines and Japan have moved closer to a landmark defense equipment deal that could see retired Japanese warships and a patrol aircraft transferred to the Armed Forces of the Philippines (AFP). This as the Philippine government pressed ahead with efforts to expand security ties with...
The Bangko Sentral ng Pilipinas (BSP) is facing a delicate balancing act as foreign and local lenders price in a minimum five percent benchmark interest rate by the end of 2026. Economists said that mounting stagflationary pressures and the potential de-escalation of geopolitical conflicts in the...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has urged banks to continue strengthening governance, transparency, and internal controls, saying these safeguards become most critical during periods of economic and financial uncertainty. Speaking during the inaugural Corporate...
The Philippines will hold the next round of negotiations for a free trade agreement (FTA) with the European Union (EU) next month, taking one step closer towards the conclusion of a historic deal that would grant wider market access to the country’s exports. Trade Undersecretary Allan Gepty told...
The Philippine government lost more than ₱80 billion in tax revenues in 2025 due to illicit tobacco and e-vapor activities, making the country the primary source of illegal vape leakages in Southeast Asia. This fiscal drain is a key finding of the latest study by the European Union-Association of...
NICOSIA, Cyprus (AP) — The European Union 's energy commissioner said Wednesday that while there is no immediate threat to jet fuel supplies, the possibility of a longer-term shortage cannot be ruled out. Commissioner Dan Jørgensen told reporters that any shortage will depend on how the...
