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A pitch for agriculture and financial inclusion

FROM THE MARGINS Putting agriculture at the forefront of our development agenda is a good move on the part of President Marcos. His assumption of the post of Agriculture Secretary is an affirmation of the promise made during his presidential campaign to lower the price of rice to P20 a kilo. Whil

7 9 M Filipinos have basic deposit accounts

Banks’ basic deposit accounts (BDA) increased by 19 percent to 7.9 million as of end 2021 compared to 6.6 million in 2020, indicating more Filipinos getting access to formal financial services, according to the Bangko Sentral ng Pilipinas (BSP). The BSP on Monday, May 30, said that as of end-Decemb

Friends, family and online apps: Where Filipinos go when they re short on cash

Borrowing will remain whenever Filipinos are financially challenged, and as long as accessibility of financial services remain unaddressed.

PHL fintech continues march toward digitally driven economy

WHILE local financial consumers have historically been relatively aloof from the traditional banking system, it looks like financial technology (fintech) is winning them over on convenience and increased reliance on digital means due to the pandemic. Earlier this year, Moody’s Investors Service released an in-depth analysis on the Philippine banking…

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