In a bid to give customers stronger protection against scams and fraud, the Bank of the Philippine Islands has partnered with Gogolook to enhance scam detection and verify legitimate bank communications. The collaboration enhances customer safety by combining BPI’s financial expertise with...
Rice imports rose by nearly 27 percent year-on-year to more than three million metric tons (MT) in the first seven months, as the country ramped up purchases of foreign supplies to secure adequate stocks ahead of El Niño. The latest Bureau of Plant Industry (BPI) data showed that the country’s...
The Philippine economy faces an uphill battle in the second half of 2026 after posting its weakest post-pandemic growth, with private sector economists warning that faster infrastructure spending, easing inflation, and stronger investor confidence will determine whether the country can meet the...
The Department of Agriculture–Bureau of Plant Industry (DA-BPI) and Mitsui & Co. (Asia Pacific) Pte. Ltd. Manila Branch signed a Memorandum of Understanding (MOU) on July 29, 2026, to launch a research collaboration on an innovative crop protection technology for the Philippine mango industry....
Sustainability in banking is often framed as a trade-off between profit and purpose. For the Ayala-led Bank of the Philippine Islands (BPI), these are not separate, clashing goals, but a package embedded in every vein of the lender’s initiatives. What, then, should sustainability look like for...
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...
Local stocks snapped a six-day winning streak, retreating as a flare-up in geopolitical tensions between the United States (US) and Iran prompted investors to lock in profits following the weeklong rally. The Philippine Stock Exchange index (PSEi) fell 51.9 points, or 0.83 percent, to close at...
Local equities rose for a sixth consecutive day as heavy buying in port operator International Container Terminal Services Inc. (ICTSI) countered afternoon profit-taking triggered by escalating tensions in the Middle East. The Philippine Stock Exchange index (PSEi) advanced 28.66 points, or 0.46...
Malacañang has expressed hope that more banks would follow the lead of the state-run Land Bank of the Philippines (LandBank) in reducing or eliminating digital fund transfer fees to ease the burden on ordinary Filipinos. In a press briefing on Monday, July 6, Presidential Communications Office...
The Department of Agriculture (DA) is banking on the creation of a private sector-led export group to help the government harmonize standards for ube (purple yam), helping the local sector capitalize on the commodity’s growing global appeal. DA-Bureau of Plant Industry (BPI) Director Gerald Glenn...
The Bangko Sentral ng Pilipinas (BSP) is delaying the selection of four new digital banking players as it seeks to reconcile conflicting regulatory tracks for different types of applicants. While the market anticipated the entry of the new digital lenders as early as the first quarter, BSP Governor...
The Bureau of Plant Industry (BPI) expects the United States (US) government to soon grant its request for expanded market access for fresh pineapple exports, as it works to widen the reach of homegrown commodities. BPI Director Gerald Glenn Panganiban said he is “hopeful” that the US Animal...
