For the fifth consecutive BusinessMirror was adjudged the “Business News Source of the Year” at Friday night’s Economic Journalists Association of the Philippines (EJAP) Awards for 2021. BusinessMirror earlier earned that distinction for business news coverage overall in 2017, 2018, 20 19 and 2020. In 2015, it was also the…
THE Bangko Sentral ng Pilipinas (BSP) urged the public last Wednesday to avoid transacting with Virtual Asset Service Providers (VASPs) that are either unregistered or domiciled abroad. In a public advisory, the Central Bank said virtual asset dealings, especially those with unregistered entities, pose a high risk of loss to…
By Bianca Cuaresma @BcuaresmaBM & Jovee Marie N. dela Cruz @joveemarie BANGKO Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno and former House Speaker Alan Peter S. Cayetano believe the institutionalization of digital payments in government transactions would boost financial inclusion in the country. “This is what we’ve been advocating…
INSTAPAY and Mastercard announced an enhancement to their services on Monday, allowing fund transfers via QR code, mobile number or email address on digital platforms. In a statement, InstaPay and Mastercard said the new options are expected to make it easier for more consumers to access the digital economy for…
SHORT-TERM investments made by foreign investors to the Philippines ended 2021 in outflow territory, the Bangko Sentral ng Pilipinas (BSP) reported. Foreign portfolio investments (FPI) to the country hit a net outflow of $574.46 million at the end of last year as the total FPI inflow of $13.62 billion fell…