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September 22, 2023

Inflation slows to 5.4% in June, marking a 13-month low

Inflation in the Philippines continued its downward trend for the fifth consecutive month, reaching 5.4% in June, driven by lower transportation and food prices, according to the Philippine Statistics Authority (PSA).

The figure matched the median forecast of economists and marked the lowest recorded inflation in the past 13 months.

The Bangko Sentral ng Pilipinas (BSP) highlighted persistent inflation risks and expressed readiness to adjust monetary policy if necessary, while the government affirmed its commitment to managing inflation and protecting the purchasing power of Filipinos.


UnionBank gets BSP nod, becomes first and only PH universal bank to offer mobile crypto trading

Proving its status anew as an industry trailblazer, Union Bank of the Philippines (UnionBank) recently achieved another first in the industry after securing a Certificate of Authority from the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider (VASP), making it the first and only universal bank in the Philippines to offer virtual asset exchange services.

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Maya sweeps banking awards

Fintech firm Maya, a pioneer in digital banking in the Philippines, secures three prestigious awards, including Virtual Bank of the Year, reflecting its commitment to financial inclusion and innovation in the digital banking sector.

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HSBC Philippines CEO Sses bright future for the country

Sandeep Uppal, President and CEO of HSBC Philippines, sees a bright future for the country, citing its welcoming nature, rich history, and potential in sustainable finance and renewable energy investments, while emphasizing the importance of work-life balance and long-term career planning.

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