The Philippine peso continued its losing streak against the US dollar, closing at yet another record low of P59 to 1. The currency briefly touched P59.02 intraday on Sept. 28. Further peso depreciation is seen as the US Federal Reserve signals more rate hikes in the near term. #in60words.

To eliminate the hazards associated with routinely carrying cash into and out of the island province, the Bohol Bankers' Association (BBA) has appealed to the Sangguniang Panlalawigan (SP) to address the matter.

Several apparel companies in Cebu province have laid off 4,000 workers, affecting companies like Mactan Apparels Inc., Metro Wear, Inc., Globalwear Manufacturing Inc., Eeeder Apparel Corporation, and Vertex One Apparel Phils. The mentioned companies also had to temporarily cease operations during the height of the pandemic and accommodate their employees again when restrictions were eased. #in60words...

The Bank of the Philippine Islands and Robinsons Bank Corp. approved the execution of a merger agreement. In a joint statement, the two banks said BPI will emerge as the surviving entity, subject to shareholders and regulatory approvals.

In line with efforts to combat scammers and fraudsters, financial app GCash further intensified their security measures by migrating transaction confirmation messages to the app inbox and removes clickable links in all emails and text messages to users.

BPI formally announced its planned merger with Robinsons Bank Corp. The board of directors of BPI approved the execution of an agreement between BPI and RBC. BPI will emerge as the surviving entity, subject to shareholders and regulatory approvals. Upon completion of the merger, Robinsons Bank shareholders will collectively hold about 6% of the resulting outstanding capital stock of BPI. #in60words...

Inflation likely quickened faster in September due to rising food prices and a weak peso, the Bangko Sentral ng Pilipinas said Friday. In a statement, the BSP said it projects September 2022 inflation to settle within 6.6 to 7.4 percent.

The Bangko Sentral ng Pilipinas has recorded US86 million net outflows of transactions on foreign investments through Authorized Agent Banks ( AABs ) in August 2022. This is lower compared to US103 million net outflows recorded in July 2022.

The National Economic and Development Authority (NEDA) is confident that more financially viable and well-structured Public-Private Partnership (PPP) projects will be delivered. This, following the publication of the Revised 2022 Implementing Rules and Regulations (IRR) of the Build-Operate-Transfer (BOT) Law last September 27, 2022.

All hail to the Franchise Kingsas young tycoons Jonathan So and Carlito Macadangdang spearheaded the Mega Opening of their own House of Franchise offices on Saturday, Sept. 24. The 2-storey building was built to serve as a one-stop shop for its brands like toktok, Siomai King, Mang Boks, Potato King, Sgt. Sisig, Burger Factory, Noodle House, and Boy Bondat. #In60words...

GLOBE Telecoms on Tuesday said that they are upgrading their network, especially in geographically isolated, disadvantaged, and conflict-affected areas, to help provide connectivity to 17,000 public schools that still do not have data or internet access. #In60words

GCash said it continues to work on making financial services accessible, affordable, and easy to understand by the masses by disrupting traditional banking. In a statement, the popular mobile wallet app said it has disbursed more than P40 billion worth of loans as it expanded to more relevant lending products like GLoan and GGives.

As we move in sync with the demands of a hyper-connected world, the role of home internet connection has become more relevant than ever. That's why the game's name no longer stops at speed. Still, it extends to making homes greater with life essentials and unparalleled customer service, allowing each family member to thrive and succeed in this fast-evolving digital age....

According to the latest information from the DOT, the Philippine pavilion promotes the rich culture, adventure, and culinary attractions of the nation in line with the TEJ's themes for commerce, Taking on the New Era Restart, and for the general public, Hello New Journey.

PLDT and its wireless arm Smart Communications on Sunday advised their customers to practice caution in accessing sites so as not to fall prey to cybercriminals.