From startups to established enterprises, businesses are poised to grow tenfold in Megaworld’s 140-hectare Maple Grove township in General Trias City, Cavit […]

Megaworld, the country’s pioneer and largest developer of integrated urban townships, has launched another residential project in its 31-hectare Westside City township in the bustling Entertainment City in Parañaque City this year. […]

Philippine banks has so far raised P83.04 billion via the issuance of debt securities in the domestic market last year to augment their loan books and at the same time support their respective expansion programs. […]

Abolishing the myriad of obstacles for African women to become entrepreneurs must be a priority on a continent where poverty continues to grow, World Bank CEO Kristalina Georgieva said Tuesday. […]

Citi is bullish about the economic growth prospects of the Philippines as it continues to embrace digital revolution and financial inclusion. […]

The Bangko Sentral ng Pilipinas (BSP) is urging government agencies to leverage on the new and existing payment and settlement systems under the regulatory frameworks of the central bank. […]

Real estate developer Empire East and development fund company Pag-IBIG held a ceremonial contract signing at the Uptown Mall, Taguig City on April 8 to officially celebrate a more feasible monthly payment option for aspiring homeowners. […]

Increased lending by China to developing nations is increasingly under the spotlight amid concerns that growing debt burdens and onerous conditions could sow the seeds of a crisis. […]

The Bangko Sentral ng Pilipinas has given three more companies the green light to operate virtual currency exchanges as it continues to put in place appropriate controls and adequate consumer protection. […]

David Malpass, a senior US Treasury official and staunch supporter of President Donald Trump, was unanimously chosen Friday as the next president of the World Bank. […]

  By Agence France-Presse Global growth in 2019 should be even slower than previously expected but a “precarious” rebound later this year is likely, the head of the International Monetary Fund said Tuesday. In a speech ahead of next week’s spring meetings in Washington with the World Bank, IMF chief Christine Lagarde said the world […]

The pursuit of financial inclusion through promotion of financial technology or fintech remains among the central bank’s top agenda under its new leadership. […]

A unit of Ayala-led Bank of the Philippine Islands (BPI) has forayed into the agribusiness sector acquiring a stake in Cagayan de Oro-based Advanced Protein Inc. (API) to support the growth of a sustainable food industry in the country. […]

BSP Deputy Governor Chuchi Fonacier said the regulator is set to roll out the Banking Sector Resilience Index as well as the Vulnerability Index for Cross Border Risks next year. […]

Ayala Land Offices gears up for the new subsector of real estate as it recently opened its new branch, Clock In, in Vertis North. […]

The central bank left its key rate unchanged at 4.75 percent during Thursday’s Monetary Board meeting, the third time the interest rate was untouched, based on a more stabilized inflation expectations and easing price pressures. […]

While living and working in the city may be a bit challenging at times, we look for inspiration anywhere we can. From our goals that inspire us, our loved ones that support us and living spaces that suit our lifestyles, we need to find the drive to continue the path to our success—because it may just be around the corner. […]

The microfinance arm of Ayala-led Bank of the Philippine Islands is set to more than double its loan disbursements to microenterprises to about P7 billion this year from P3.3 billion last year. […]

Germany's two biggest lenders, the ailing Deutsche Bank and Commerzbank, said Sunday they would launch formal talks toward a possible merger that could create a "national champion" in financial services. […]

By Agence France-Presse The pound extended its rally in Asian trade after British Prime Minister Theresa May hammered out a revision to her controversial Brexit deal she hopes will be enough to push through parliament. The surge in sterling came as regional equity markets pushed higher following a positive lead from Wall Street, with tech […]

The gender gap for sending digital money transfers to the Philippines has rapidly closed by almost 20 percent in five years amid a huge uptake in online money transfer service among Filipino women abroad, a study conducted by WorldRemit showed. […]

Grand Taipan's premiere real estate development, Verano Greenhills will soon rise among San Juan City's skyscrapers. […]

Couples who recently tied the knot in the Kasalang Bayan (mass wedding) here a day before Valentine’s returned on Feb. 27 to plant mangroves in Barangay Bued, home of the Hundred Islands National Park. […]

Newly-appointed Bangko Sentral ng Pilipinas (BSP) Governor and former Budget Secretary Benjamin E. Diokno said on Tuesday that he is ready to take on the challenge of leading the central bank in providing a fertile ground for inclusive growth. […]

Megaworld is selling prime office spaces for business and enterprises within a sustainable township setting in the heart of General Tries, Cavite, just an hour away from Manila’s major CBDs. […]

A number of banks have issued advisories on their branch, ATM, and electronic banking operations on February 25, anniversary of the EDSA People Power Revolution, for their clients to do their banking transactions accordingly. […]

More international hotel brands are taking notice of the country’s tourism growth potential as arrivals have surged to record levels and government embarks on a revitalized tourism campaign. […]

The national government surpassed its spending program last year, which still outpaced the slightly above target revenue collections that resulted in higher-than-expected budget deficit, the Bureau of the Treasury reported Thursday. […]

The Bangko Sentral ng Pilipinas (BSP) has issued fresh warning against malicious actions or misdeeds that destroys banknotes and coins, or the country’s currency, and is reminding the public that such is a punishable offense. […]

Somewhere along the C-5 corridor, one will find an imposing and grand monument that can rival the best in the world. […]

AppleOne Properties Inc. is looking to expand the hotel component of its Sheraton project on Mactan Island as it also eyes a new deal with Marriott International for another branded hotel on the island. […]

President Donald Trump's choice to lead the World Bank is a firebrand critic of the world's largest anti-poverty lender -- an institution he has called wasteful, corrupt and overly generous to China. […]

US President Donald Trump is due on Wednesday to unveil a controversial candidate to lead the World Bank, a choice that could spark a revolt against US dominance of the institution. […]

The search for a new leader for one of the most high-profile global organizations begins Thursday and seems likely to end again with selection of the US candidate. […]

The Philippines achieved an economic freedom score of 63.8, making the economy the 70th freest in the 2019 Index of Economic Freedom (IEF), the Heritage Foundation announced. […]

Big banks’ outstanding loans grew by 15.6 percent year-on-year in December 2018, it is a slower pace of growth compared to November’s 16.8 percent. […]

Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said he will be on a fluid schedule while taking off from work to continue with his cancer treatment. […]

  By Lee Chipongian  Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. is extending his medical leave after announcing earlier this month that he will be consulting US doctors for his cancer treatment. Espenilla has assigned one of his three deputy governors, Chuchi G. Fonacier, who became deputy governor last July 2017, in […]

The country’s foreign portfolio investments registered net inflows of $1.2 billion in 2018 compared to net ouflows of 2017 amounting to $195 million. […]

China published a five-year blueprint on Friday seeking economic and financial integration between southern Guangxi province and Southeast Asia, representing Beijing’s latest effort to promote international use of the yuan currency. […]

Former UN Ambassador Nikki Haley and US President Donald Trump's daughter and adviser Ivanka are among possible US candidates to replace outgoing World Bank President Jim Yong Kim, The Financial Times reported Friday. […]

The World Bank Board said Thursday it would start accepting nominations for a new leader early next month and name a replacement for outgoing-President Jim Yong Kim by mid-April. […]

The US economy could take a clear hit from the government shutdown if it continues for a long time, Federal Reserve Chairman Jerome Powell said Thursday. […]

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) approved another round of foreign exchange (FX) policy liberalization to give banks more access to FX resources. […]

In a bid to bolster its digitalization efforts, BPI has introduced new features in its mobile application for seamless and convenient transactions while maintaining high security for users. […]

Trade conflict between the world's two largest economic powers already is inflicting collateral damage and threatens to do yet more harm to the global economy, the World Bank warned Tuesday. […]

The country’s gross international reserves (GIR) reached $78.46 billion in 2018, which is less than the hoped-for original estimate of $80 billion, based on Bangko Sentral ng Pilipinas (BSP) data. […]

Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. is not considering retirement but will seek “validation” from US doctors for his cancer-recovery and medical treatment. […]

The US central bank sent a strong signal on Friday that it would be willing to reconsider expected interest rate hikes amid new data showing President Donald Trump's multi-front trade wars are dragging on the economy and shaking up investors. […]

The head of Goldman Sachs defended the investment bank's handling of the scandal-plagued Malaysian fund 1MDB on Friday, saying much criticism of the financial giant was unfair. […]

The US Federal Reserve raised the benchmark interest rate on Wednesday, staking its independence despite repeated attacks by President Donald Trump, but it also sent a clear signal it expects to take it slow next year in the face of plateauing growth. […]

US President Donald Trump again lashed out at the Federal Reserve on Monday for considering raising interest rates, on the eve of a meeting at which policymakers are widely expected to do so. […]

With easing price pressures, the Bangko Sentral ng Pilipinas (BSP) left benchmark overnight rate unchanged Thursday after five straight rate hikes. […]

The Philippines is one of the countries in Asia with low banking penetration rates, with up to 66 percent of Filipinos – or more than 69 million of the population – not having bank accounts. Most of the population also do not have a financial instrument of any sort, with 95 percent not having even credit cards. However, the market is ripe for digital disruption because of a high mobile penetration and a thriving young population. […]

The Philippines ranked first in Asia in financial inclusion and fourth in the world, according to the latest 2018 Global Microscope by the Economist Intelligence Unit (EIU). […]

The Bangko Sentral ng Pilipinas (BSP) reported a balance of payments (BOP) deficit of $5.59 billion as of end-October, mirroring the trade gap due to higher import demand. […]

Bitcoin was heading towards a year-on-year loss on Wednesday, its 10th birthday, the first loss since last year’s bull market, when the original and biggest digital coin muscled its way to worldwide attention with months of frenzied buying. […]

Big banks’ outstanding loans increased by 17.4 percent year-on-year in September, a slower pace of growth compared to the previous month’s 18.9 percent, the Bangko Sentral ng Pilipinas (BSP) said yesterday. […]

The Bangko Sentral ng Pilipinas (BSP) forecasts an October inflation range of 6.2 percent to seven percent with upward pressures coming from continued high oil prices during the month. […]

Britain will issue a new 50-pence coin to mark its departure from the European Union next year, the government said on Monday in an announcement that was quickly mocked on social media. […]

The Department of Finance (DOF) proposed improvements to the Tax Incentives Management and Transparency Act (TIMTA) to enable the government to make public the list of corporations that receive tax incentives and how much such perks are costing Filipino taxpayers. […]

The Bangko Sentral ng Pilipinas (BSP) has shifted to a higher gear in dealing with cybersecurity threats and risks to financial technology (FinTechs) while increasing the digitalization of banking services. […]

The Department of Finance (DOF) said yesterday that it is supporting the proposal allowing foreign nationals visiting the Philippines to enjoy tax-free shopping during their stay in the country. […]

The thrift banking sector reported an increase in its managed assets amounting to P44.898 billion as of end-June, up 4.82 percent from same time last year of P42.830 billion. […]

US central bankers see no reason to pause the current course of gradual rate hikes that have infuriated President Donald Trump and some even say the Federal Reserve may soon need to slow the economy, according to meeting minutes released Wednesday. […]

Remittances sent through the banking system increased by 2.5 percent year-on-year to $19.057 billion as of end-August, the Bangko Sentral ng Pilipinas (BSP) said in a report. […]

The central bank registered $440 million worth of net outflows in foreign portfolio investments for the month of September, reversing August’s $226 million net inflows, as investors still worry about trade wars, the depreciating peso and high inflation. […]

Central bank rate hikes were a "necessary development", International Monetary Fund chief Christine Lagarde said Thursday, a day after Donald Trump sent global markets tumbling by calling Fed increases "crazy". […]

A severe recession would slash US public wealth by about $5 trillion, causing vastly more damage to Washington's finances than just an increase in debt and deficits, the IMF warned Tuesday. […]

The International Monetary Fund (IMF) has recasted its 2019 Philippine growth projection lower to 6.6 percent and raised its inflation forecast to four percent next year, based on the latest World Economic Outlook (WEO October 2018) report. […]