Lower interest rates would spur a faster Philippine economic expansion next year, according to the Washington-based multilateral lender International Monetary Fund (IMF). Referring to its latest forecasts for the Philippines contained in the recently published July 2025 World Economic Outlook (WEO)...
Banks are set to move away from serving only clients of their affiliated insurers, as the Bangko Sentral ng Pilipinas (BSP) is rolling out amended bancassurance guidelines that will allow third-party insurers to sell their products to banks’ customers. “A draft circular amending the...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. indicated that the central bank is considering another 25-basis-point (bps) reduction in its key interest rate as early as August. “A further reduction in the key interest rate is 'on the table’,” Remolona told reporters on...
Larga Pilipinas was tentatively rescheduled to November after recent typhoons and the effects southwest monsoon caused heavy damage in the mountain routes of the six-stage race. After a seven-year wait, fans and competitors might have to wait a little longer as the "Race to the Northern Alps"...
Thrift, rural, or cooperative banks under the Tier 3 category—at least 75 percent of clients, funds, or transactions are handled digitally—may be ordered by the Bangko Sentral ng Pilipinas (BSP) to convert into digital banks (DBs), as the central bank also moves to raise the minimum capital...
Bella Belen and Angel Canino are set to don the tricolors anew as they rejoin Alas Pilipinas for the first leg of the 2025 Southeast Asia (SEA) Women’s V.League in Nakhon Ratchasima, Thailand on Friday, Aug. 1. In an official release of the 16-women roster, which consists of professional and...
Alas Pilipinas seeks improvement as the team plunges into action in the 2025 Southeast Asia (SEA) Women’s V.League in Nakhon Ratchasima, Thailand starting Friday, Aug. 1. The Nationals recently held a practice where the likes of Bella Belen, Thea Gagate, libero Jen Nierva, and setter Mars Alba...
For 18 years, Yvette Marie Punzalan, founder of a Davao-based bag brand, has been participating in trade shows. Her label, Yvette’s Bags and Beads Collection, produces bags made of locally sourced materials such as nito and rattan, woven together by female persons deprived of liberty. Despite the...
Gilas Pilipinas will have to tame a familiar face when it goes up against the Macau Black Bears in a tune-up game at the Smart Araneta Coliseum Monday, July 28. That’s because they will collide against Quentin Millora-Brown – one of the key players in University of the Philippines’s triumph...
Central banks in Southeast Asia, where economies like the Philippines export a wide array of goods to the United States (US), are expected to cut interest rates some more as tariffs take effect next month, according to the think tank Capital Economics. In a July 23 report, Capital Economics senior...
The United Nations Conference on Trade and Development (UNCTAD) is urging developing economies to reduce their dependence on the export of key commodities, citing the potential of those with a more diversified economic mix like the Philippines to nurture sustainable growth. Based on its 2025 State...
S&P Global reported that credit growth across emerging markets (EMs) in Asia has generally softened in the first six months of the year, except in the Philippines and Vietnam, where lending has notably picked up pace. According to debt watcher S&P Global, loans from major banks, including universal...
