Bank of Commerce, the banking arm of conglomerate San Miguel Corp., reported record full-year earnings as surging interest income and disciplined approach to costs drove a third consecutive year of growth following its initial public offering. In a disclosure to the Philippine Stock Exchange on...
The research arm of Frankfurt-based Deutsche Bank believes the Bangko Sentral ng Pilipinas (BSP) could eventually hike the 4.25-percent key interest rate over upcoming policy meetings, but the cycle could end after a maximum of three hikes as the Philippines still grows below potential. “Prices...
The Philippines narrowed its net external liability position at the end of 2025, as growth in overseas financial assets outpaced the accumulation of debt, signaling strengthening of the country’s balance sheet with the rest of the world. Data from the Bangko Sentral ng Pilipinas (BSP) showed that...
PhilWeb Corp. is expanding into game content distribution and aggregation through a partnership with NUSTAR Online, the digital gaming arm of the Gokongwei Group’s flagship integrated resort in Cebu. In a disclosure to the Philippine Stock Exchange, PhilWeb said the move follows its recent...
While global oil shocks have yet to fully affect the Philippine economy since the flare-up of United States (US)-Iran military hostilities a month ago, the Bangko Sentral ng Pilipinas’ (BSP) minimum inflation assumption is that March accelerated at the fastest pace in at least 19 months. Seen as...
Central banks in emerging markets (EMs), including the Philippines, are seen hiking interest rates to temper weakening currencies and higher capital outflows, according to think tank Capital Economics. Shilan Shah, deputy chief EM economist at Capital Economics, said in a March 30 report that they...
Dividend remittances of government-owned and/or -controlled corporations (GOCCs) fell 17.2 percent to ₱114.6 billion in 2025, driven by a sharp contraction in the Bangko Sentral ng Pilipinas’ (BSP) remittance after leading in two consecutive years. The latest data from the Bureau of the...
The Bangko Sentral ng Pilipinas (BSP) is facing mounting pressure to abandon its steady policy stance as domestic and foreign lenders warn that persistent supply shocks are beginning to seep into the broader economy. A growing chorus of economists expects the BSP to raise its benchmark interest...
Gaming technology provider PhilWeb Corp. secured official accreditation from the Philippine Amusement and Gaming Corp. (Pagcor) to act as a service provider and affiliate, clearing the way for the company to deepen its footprint in the country’s regulated gambling sector In a disclosure to the...
The Philippine Exporters Confederation Inc. (Philexport) has expressed strong support for proposed amendments to the Magna Carta for micro, small, and medium enterprises (MSMEs), while stressing that reforms must deliver concrete benefits such as improved access to financing and more favorable loan...
Philippine companies are growing more optimistic about the broader economic outlook even as they scale back plans to expand operations, citing intense market competition and the lingering weight of high interest rates. “Businesses expect steady consumer demand throughout the year. Firms also see...
DAVAO CITY – Vice President Sara Duterte said she was surprised after several visiting political figures expressed support for her possible 2028 presidential bid during the "Parada Dabawenyo," the highlight of the 89th Araw ng Dabaw celebration in Davao City. Speaking to reporters on the...
