(Unsplash) Bicol Saro Party-list Rep. Brian Raymund Yamsuan is urging town and city mayors to link up with the Bangko Sentral ng Pilipinas (BSP) and the Department of the Interior and Local Government (DILG) in urging small local businesses to use...
In an effort to boost the country’s tourism, Senator Joel Villanueva is seeking to institutionalize the grant of a visa for digital nomads or people who travel while working remotely using digital technologies. In filing Senate Bill No. 2991, Villanueva said allowing this new type of visa...
Digital-only commercial bank CIMB Bank Philippines has set its sights on processing up to ₱500-million worth of monthly transactions with its brand-new product, CIMB Pay, this year. Speaking to reporters last Monday, Feb. 17, CIMB Philippines CEO Vijay Manoharan said the digital bank’s monthly...
The Philippines dipped to 23rd in this year’s ranking that assesses how the world’s most promising logistics markets respond to emerging developments in global logistics. Based on the 2025 Agility Emerging Markets Logistics Index, the country fell five notches from the 18th spot it has secured...
The Commission on Human Rights (CHR) underscored the need for "safeguards" and "protection" of the rights of content creators in social media and other platforms as the House of Representatives conducts hearings on the proliferation of disinformation across the internet. "Addressing the persistent...
Interested players aiming to enter the Philippine digital banking sector must propose innovative business models and address specific market needs, according to a senior official from the Bangko Sentral ng Pilipinas (BSP). “The requirement from the governor and the Monetary Board [MB] is that...
A group advocating for digital technology has called for the review of Republic Act 11314, or the Student Fare Discount Act, to include mobile data loads in the 20 percent discount granted to students. (Unsplash photo) Digital lawyer Nick Conti from Click said that internet connectivity is a...
The digital lending market in the country is expected to surpass $1 billion, or P58 billion, in the second half of 2025, fueled by the increasing demand for online financial technologies. Online loan platform Digido said the market is poised for rapid expansion this year driven by the growing...
The Philippine government has made inroads towards greater digital transformation, as required by the newest loan it secured from the World Bank. The Washington-based multilateral lender disclosed on Nov. 26 that Finance Secretary Ralph G. Recto, on behalf of the government, signed the loan...
Mactan, Cebu — Digicentric financial institutions operating like digital banks should be regulated the same way to address market arbitrage, a Bangko Sentral ng Pilipinas (BSP) official said. "If you're already behaving like a digital bank, you should be regulated like a digital bank, not like a...
The World Bank has approved a $750 million loan to support the Philippines' digital transformation, aiming to boost economic growth and improve access to essential services. In a statement, the Washington-based multilateral institution, said the Second Digital Transformation Development Policy...
(Pexels) Navotas City lone district Rep. Toby Tiangco says the continued rise of digital economies in the country is a direct outcome of the Marcos administration’s strategic reforms on expanding the Information and Communication Technology (ICT)...
