Indonesian financial technology firm Xendit, which aspires to be the Philippines' digital financial highway, raised a total of US $88 million funds after its latest US$64.6 million Series B round to expand its regional business. Overall, Xendit has processed over 65 million transactions with US$6.5...
The new normal is here. It has changed the way we live, do business, work as professionals, socialize, worship, and seek leisure. Here’s how it has changed—or is about to change—the housing and property sector. WFH setups would become the norm. 1. It will change the addresses of many...
The Philippines’ balance of payments (BOP) surplus rose to $11.786 billion as of end-November, the Bangko Sentral ng Pilipinas (BSP) announced Monday. The BSP also reported the final gross international reserves (GIR) of $104.82 billion as of end-November. Photographer: Paul Yeung/Bloomberg file...
The Anti-Red Tape Authority (ARTA) said that the use of electronic signatures and online payment in government transactions are valid. ARTA Director General Jeremiah Belgica said this is pursuant to the Anti-Red Tape Authority (ARTA) Memorandum Circular No. 2020-06 or the Guidelines for the...
Debt payments of the national government ballooned in September after the Duterte administration repaid the bridge loan extended by the Bangko Sentral ng Pilipinas (BSP) for the coronavirus response. Data from the Bureau of the Treasury showed the government’s total debt servicing soared by 664...
State transport authorities and stored value or "beep" cards provider AF Payments Inc. (AFPI) remain deadlocked over the issue of making the cards free for commuters, as of presstime. (PNA / MANILA BULLETIN) AFPI today issued a statement to the media, effectively saying that the Department of...
