InstaPay, PESONet fund transfers hit P25T

Inquirer.net - Oct 15, 2026

MANILA, Philippines — Filipinos moved more than P25 trillion in funds through the InstaPay and PESONet systems from January to September, as lower transaction fees promote rapid adoption of digital payments. Data from the Bangko Sentral ng Pilipinas (BSP) showed that the combined value of transactions coursed through the two automated clearing houses surged 45 percent

Read full article

More News

BIR requires 5-year accreditation for e-invoicing providers

Oct 15, 2026

BIR requires 5-year accreditation for e-invoicing providers

MANILA, Philippines — The Bureau of Internal Revenue (BIR) has mandated electronic invoicing service providers (ESPs) to obtain a five-year accreditation and has implemented measures to prevent excessive fees and vendor lock-in. Under Revenue Memorandum Circular No. 110-2026, the BIR mandates that ESPs secure accreditation before they can deploy electronic invoicing solutions commercially, and it will

Napocor seeks extra P10.82B for missionary electrification

Oct 15, 2026

Napocor seeks extra P10.82B for missionary electrification

MANILA, Philippines — State-run National Power Corp. (Napocor) hopes to secure regulatory approval to collect P10.82 billion from on-grid electricity consumers to support service to additional remote areas through new power providers. In its filing with the Energy Regulatory Commission (ERC), the state-run company seeks an additional P0.0939 per kilowatt-hour (kWh) in the universal charge for

Thai floods may hurt PH vehicle supply, Toyota warns

Oct 15, 2026

Thai floods may hurt PH vehicle supply, Toyota warns

MANILA, Philippines — Toyota Motor Philippines Corp. warned that nearly a month of flooding in Thailand could disrupt shipments of some of its imported vehicles. Since mid-September, floods have inundated parts of Thailand, resulting in at least 71 deaths and disrupting operations at several automakers and parts manufacturers. This disruption includes Toyota’s three manufacturing plants

DA denies graft claims over Vietnam rice shipment

Oct 15, 2026

DA denies graft claims over Vietnam rice shipment

MANILA, Philippines — The Department of Agriculture (DA) has disputed corruption allegations over a blocked rice shipment from Vietnam, saying the agency itself ordered its cancellation even though the vessel was already en route to the Philippines. Agriculture Secretary Francisco Tiu Laurel Jr. said his office ordered the Bureau of Plant Industry (BPI) to cancel

El Niño threatens 10% drop in Q3 rice, corn output

Oct 15, 2026

El Niño threatens 10% drop in Q3 rice, corn output

MANILA, Philippines — The strong El Niño and unfavorable weather conditions threaten to reduce the country’s palay (unmilled rice) and corn output by more than 10 percent in the third quarter of 2026. The Philippine Statistics Authority (PSA) estimates that palay production will reach 3.10 million metric tons (MT) from July to September, marking a 17.2

Li Ka-shing empire expands oil interests, turning heads in market

Oct 15, 2026

Li Ka-shing empire expands oil interests, turning heads in market

As global capital flows towards clean energy and artificial intelligence, Hong Kong billionaire Li Ka-shing’s business group has expanded its oil exposure in a move analysts see as a buffer against geopolitical risks and a play for steady cash flow. The first major investment move by the widely watched Hong Kong tycoon after a slew of asset sales across the world has stirred curiosity at a time when financial markets are more volatile amid rising fears of inflation, monetary tightening and...

How Jardine Matheson’s street-shop sale reflects Hong Kong retail property’s struggles

Oct 14, 2026

How Jardine Matheson’s street-shop sale reflects Hong Kong retail property’s struggles

Amid Hong Kong’s commercial property downturn, British conglomerate Jardine Matheson has sold a street shop in Causeway Bay for HK$80 million (US$10.2 million) after holding it for more than 50 years, accepting a price HK$10 million below its earlier valuation. The property, a ground-floor shop in H&S Building at 36 Leighton Road, with a gross floor area of about 11,727 square feet, was acquired by Uni Investment Development, according to Land Registry records. Jardine Matheson appointed an...

Netflix cuts about 6% of jobs in biggest layoff since 2022

Oct 14, 2026

Netflix cuts about 6% of jobs in biggest layoff since 2022

Netflix is laying off 6% of its workforce, or roughly 1,000 employees, in its biggest cuts since 2022, according to an internal memo seen by Reuters, as the streaming pioneer faces tough competition for viewers from legacy rivals and YouTube.

Thailand Police Arrest 39 in Major Cross-Border Scam Crackdown, Seize THB500 Million in Assets

Oct 14, 2026

Thailand Police Arrest 39 in Major Cross-Border Scam Crackdown, Seize THB500 Million in Assets

Thai authorities have arrested 39 suspects and seized assets worth more than 500 million baht in a major operation targeting a transnational investment scam and money-laundering network

Filinvest, Infosys BPM extend 12-year office partnership

Oct 14, 2026

Filinvest, Infosys BPM extend 12-year office partnership

MANILA, Philippines — Filinvest Land Inc. (FLI) is extending its 12-year partnership with Infosys BPM as the global IT-BPM company consolidates its Alabang operations in a larger office spanning more than 10,000 square meters (sq m). In a statement, the Gotianun-led property developer said Infosys BPM would occupy five floors at Axis Tower Two in Northgate

SSS defends equity bets as COA flags paper losses

Oct 14, 2026

SSS defends equity bets as COA flags paper losses

MANILA, Philippines — The Social Security System (SSS) has maintained that its paper losses reflect temporary declines in its investments’ value, citing P204 billion in realized gains and dividend income over the past 57 years. In a statement, SSS responded to news reports showing that the Commission on Audit (COA) had flagged a 245-percent surge

Severe El Niño episode seen to worsen inflation, growth

Oct 14, 2026

Severe El Niño episode seen to worsen inflation, growth

MANILA, Philippines — An intensifying El Niño could further complicate the Philippines’ fight against inflation, with a severe episode potentially pushing price growth above 8 percent while adding to the strain on an already weak economy, according to Chinabank Research. In a commentary, Chinabank said El Niño could add 0.25 percentage points (ppt) to headline inflation

Recommended