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MANILA. Sept. 22 (Xinhua) -- The Philippine peso slid to a new record low against the U.S. dollar for the third straight day, closing at 58.49 pesos on Thursday

MANILA, Aug. 22 (Xinhua) -- Over half of the Philippines adult population now own a financial account, according to a survey result released on Monday by the Ph

MANILA - The share of digital payments to total retail payments volume in the Philippines rose to 30.3 percent in 2021 from 20.1 percent in 2020, according to the latest e-payments data of the Bangko Sentral ng Pilipinas (BSP). The value of digital payments in the country, meanwhile, represented 44.1 percent of total retail payments in 2021, up from the 26.8 percent recorded a year earlier. "The latest results show we are closer to meeting our objective of converting at least 50 percent of retail payment transactions to digital form by the end of 2023, under the BSP Digital Payments Trans...

MANILA, June 23 (Xinhua) -- The Philippine central bank on Thursday decided to hike the interest rate on the overnight reverse repurchase facility by 25 basis p

MANILA, June 13 (Xinhua) -- Foreign direct investment (FDI) net inflows into the Philippines reached 727 million U.S. dollars in March, 9.8 percent lower than t