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The Bangko Sentral ng Pilipinas turns 33 today. This is the right moment to say it plainly: the independence of the country’s central bank is under ambient pressure, and Filipinos should pay attention.
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Two of the country’s top telecommunications operators and DITO Telecommunity have signed a landmark infrastructure-sharing agreement, marking a rare collaboration among rival mobile carriers.
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Businessman Federico “Piki” Lopez’s campaign against ABS-CBN management is forcing an uncomfortable question ahead of the company’s annual stockholders’ meeting: should a director who once proposed shutting down the media giant remain on its board?
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San Miguel Corp. said P1.43 trillion, or about 95 percent of the P1.5 trillion it generated in revenue last year, flowed back into the Philippine economy, according to its latest Sustainability Report.
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For GCash, this stings in a particular way. The wallet has spent years training Filipinos to treat the app as the default financial front door — and that position is still powerful, the brand is still strong, the network is still enormous. But a large part of its monetization stack now faces pressure from a company inside its own corporate neighborhood.
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Mynt has increased its stake in AB Capital Securities Inc. to 33 percent last April, deepening its push into stock investing through the GCash app.
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In a post on X after returning from the Philippines, Zhao said the country has become “one of the most exciting digital asset markets in SEA right now,” noting that it ranks fourth globally in TRM Labs’ Country Crypto Adoption Index.
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The IPO will deliver a multibillion-peso payday for global investment funds, executives, and former officers that helped build text-based payments from over two decades ago into the country’s’ biggest financial technology company.
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GCash is preparing to launch what could become the largest initial public offering in Philippine history, with a valuation that would place the fintech giant among the country’s top three banks.
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