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Singapore digital bankcleared to operate in Philippines

MANILA, Philippines β€” Singapore-based digital bank Tonik Financial Pte. Ltd. has secured a license from the Bangko Sentral ng Pilipinas (BSP) to operate in the Philippines. The license will enable Tonik, through its local unit Tonik Digital Bank Inc.,Β to provide a full range of retail banking services, focused primarily on retail deposits and consumer […]

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Philippines: Economy likely grew by 6.4% in 4th quarter

MANILA, Philippines β€” Economic growth in the fourth quarter of 2019 likely accelerated between 6.3 percent and 6.4 percent as government spending recovered after budget delay, according to foreign macroeconomy research firms.Β In a research brief issued over the weekend, London-based Capital Economics said growth likely picked up again in the fourth quarter to 6.4 […]

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