MANILA, Philippines — Global leader digital payments provider Visa has outlined a robust approach for strengthening payments security in the country over the next three years. Dan Wolbert, Visa country manager for the Philippines and Guam, said payment security has always been a key pillar of focus for the company. The launch of its Future […]
Read MoreCLARK, Pampanga, Philippines — The government may have to adjust its borrowings in the next three years to take advantage of low interest rates, which the country may not be able to enjoy anymore with its promotion to upper middle-income economic status, according to the National Economic and Development Authority (NEDA). In a press briefing […]
Read MoreMANILA, Philippines — The Philippine bond market posted the second fastest growth in the East Asia region in the first quarter of 2019, driven by aggressive government and corporate borrowings, the latest bond monitor report of the Asian Development Bank (ADB) showed. The quarterly Asia Bond Monitor showed that the country’s outstanding local currency (LCY) […]
Read MoreMANILA, Philippines — The local currency is expected to come under pressure as the country’s external position worsens, ending 2019 at 55 to a dollar, London-based Capital Economics said. In a report, the macroeconomy research firm said the Philippines’ current account deficit is expected to widen further after bloating in the first quarter of the […]
Read MoreMANILA, Philippines — The Philippine Competition Commission (PCC) will shorten its review period to 15 days for certain merger and acquisition (M&A) transactions as part of the government’s efforts to improve the ease of doing business in the country. In a resolution issued on May 28 released to the media yesterday, the PCC said the […]
Read MoreMANILA, Philippines — Key central bank meetings worldwide this week are likely to result in a dovish shift in policy environment as economic managers become “uneasy” about global economic conditions, IHS Markit said in a research paper. The market intelligence firm noted, however, that a mixed outlook prevails in the Asia Pacific including the Philippines […]
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