MANILA, Philippines — Economists of private banks still expect inflation to exceed the two to four percent target set by the Bangko Sentral ng Pilipinas (BSP) amid volatile global oil prices, geopolitical tensions, and further depreciation of the peso against the dollar. Dennis Lapid, director of the BSP’s Department of Economic Research, said results of […]
Read MoreMANILA, Philippines — Low cost airlines continue to soar high as they bolstered their reign over the Philippine market last year, aviation think tank CAPA Centre for Aviation said. In its latest report, CAPA said the Philippines posted the third highest domestic low cost carrier (LCC) penetration rate in Asia Pacific last year at 64 […]
Read MoreMANILA, Philippines — Gojek, Indonesia’s on-demand multi-service platform, has partnered with Philippine fintech company Coins.ph. As part of this collaboration, Gojek is making a substantial acquisition of shares to support Coins.ph in its rapid growth to meet the financial needs of all Filipinos. Gojek’s payments platform and the leading digital payments service in Indonesia Go-Pay […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has revised the method in computing the required capital of banks to ensure that it is comprised only of instruments that are of the highest quality to absorb losses. BSP Governor Nestor Espenilla Jr. has issued a circular stating the decision of the Monetary Board to […]
Read MoreMANILA, Philippines — Southeast Asia’s leading online-to-offline mobile platform Grab is bringing its food delivery service to Cebu as it continues to expand its services in more cities and grow its merchant-partners base in the Philippines. Grab Philippines said GrabFood targets to replicate its success in Metro Manila to Cebu, given the city’s booming economy […]
Read MoreMANILA, Philippines — The government is set to launch next month the fuel marking system, which is expected to help plug tax leakages caused by the smuggling of oil into the country, according to the Department of Finance (DOF). In an interview, Finance Undersecretary Antonette Tionko said the pilot implementation of the fuel marking scheme […]
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