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Philippines top 1,000 firms saw slow revenue growth even before pandemic

Philippines top 1,000 firms saw slow revenue growth even before pandemic
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Digital banking coming to the Philippines soon; winning trust is key to success

Author Ranina Sanglap The Philippines may see its first purely digital banks by 2022 as the central bank prepares to issue them licenses. But the challenge for the neobanks will be to build trust and convince customers in a country with low financial services penetration and a preference for face-to-face interaction, analysts say. The Bangko Sentral ng Pilipinas in November 2020 approved a new license category for digital banks. The central bank has received two applications as of February one from a new player and the other from an existing bank to convert into a digital bank, BSP s Deputy Governor Chuchi Fonacier told S&P Global Market Intelligence.

Easing inflation fears, bond yields lift most Asian stocks higher

Clark airport s new terminal operational by July

March 10, 2021 | 12:05 am Font Size COMPANY HANDOUT CLARK, PAMPANGA — Luzon International Premier Airport Development (LIPAD) Corp., the company that manages the operations and maintenance of Clark International Airport, is set to open the airport’s new passenger terminal building to commercial domestic flights in July with “contactless passenger solutions,” its top official said. “It will open by July for domestic operations,” LIPAD Chief Executive Officer Bi Yong S. Chungunco told reporters on Tuesday. The construction of the building’s interiors is in full swing, she noted. LIPAD plans to implement a “silent airport policy,” as it wants the airport to become the “quietest” in the Philippines.

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