Former Budget Secretary Amenah F. Pangandaman has been appointed chairperson and chief executive officer (CEO) of the Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP). The state-owned lender announced the appointment on July 10, saying her leadership would accelerate the development...
There has been much joy and celebration as banks and e-wallets have started waiving transfer fees for InstaPay or PESONet transfers (online money transfers). If the transfer fee was not waived, then a number of free transfers or a lower transfer fee was announced. If, after your celebratory dance,...
The Bangko Sentral ng Pilipinas (BSP) is expected to extend its monetary tightening cycle to a peak of 5.5 percent, according to Goldman Sachs Group Inc., as sticky underlying price pressures overshadow the recent cooldown in headline inflation. While headline inflation decelerated to 6.4 percent...
Singapore-based fintech firm Atome Philippines has secured a ₱5-billion wholesale credit facility from homegrown Asia United Bank (AUB), providing fresh local-currency funding to accelerate the expansion of its buy now, pay later (BNPL) business. In a July 9 statement, Atome said the fresh...
The Asian Development Bank (ADB) slashed its Philippine economic growth forecast to 3.8 percent this year, which, if realized, would be the country’s slowest post-pandemic expansion amid delayed investments, higher inflation, and risks from climate shocks. In its Asian Development Outlook (ADO)...
Lending by universal and commercial banks (U/KBs) posted its fastest growth in 15 months in May, as lenders continued to see steady credit demand from businesses and households in the second quarter of 2026. The latest preliminary Bangko Sentral ng Pilipinas (BSP) data showed bank lending growth...
Banks and e-wallets have been playing catch-up in announcing zero transfer fees, free transfers, or a lower transfer fee, and consumers are enjoying it. BPI made the announcement first , saying it will waive the InstaPay and PESONet fees on the BPI app, BPI Online, VYBE e-wallet, and BizKo starting...
State-run Land Bank of the Philippines (Landbank) has waived fund transfer fees for digital transactions made through its online channels, joining a growing number of major banks and e-wallet providers that have eliminated or lowered transfer charges. Starting Tuesday, July 7, Landbank will make...
Goldman Sachs Group Inc. holds one of the most optimistic full-year consumer price outlooks for the Philippines, forecasting an average inflation rate of 5.2 percent as global energy prices experience a rapid and sharp pullback. Goldman economists Yuting Yang and Goohoon Kwon said in a July 3...
More than 60 kilometers (km) of farm-to-market roads (FMRs) and bridges with total funding of ₱2.06 billion have received clearance from the Department of Agriculture (DA), kickstarting the development of much-needed infrastructure to boost food productivity. Agriculture Secretary Francisco Tiu...
Philippine National Bank (PNB), the banking arm of Lucio Tan’s conglomerate, said it remains committed to listing its real estate subsidiary by way of introduction, navigating a lengthy regulatory process to monetize its prime property portfolio. In a disclosure to the Philippine Stock Exchange...
Consumer price growth likely slowed for another month in June, driven by declining global oil and food costs alongside a recovering currency, according to private-sector economists. A median forecast from regional banks and analysts projects headline inflation to have moderated to between 6.5...
