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DTaka, a blockchain-powered e-wallet, has launched on Huawei's AppGallery, expanding its accessibility to Huawei users. The e-wallet offers services like quick QR transactions, bill payments, and fund transfers, aiming to enhance the digital experience for Filipinos. To ensure compliance and safety, DTaka partnered with TopJuan Tech, holding necessary licenses from the Bangko Sentral Ng Pilipinas. New users can enjoy perks such as welcome credits and referral rewards.
The Philippine peso has weakened significantly, attributed to a strong US dollar amid rising geopolitical tensions, according to the central bank. The peso's recent depreciation aligns with trends observed in regional currencies used for comparison.
Philippine Stock Exchange CEO Ramon Monzon indicated that a quarter-point rate cut by the Bangko Sentral ng Pilipinas could boost the stock market, potentially pushing the index above 7,000 by year-end. This comes amid ongoing uncertainty regarding Donald Trump's policies.
The Philippine peso may weaken to its record low of 59 against the dollar if geopolitical tensions and uncertainties surrounding the US election persist, according to central bank Governor Eli Remolona Jr. He noted that while this scenario is possible, its likelihood remains uncertain.
The Philippines is enhancing its capital market by reintroducing interest rate swaps and expanding bond repurchase agreements to create alternative loan pricing benchmarks. This initiative aims to support financing for major projects, including a potential nuclear facility revival and infrastructure development, while reducing reliance on bank loans. Bangko Sentral ng Pilipinas Governor Eli Remolona is leading these efforts to sustain the country's rapid economic growth.
Bangko Sentral ng Pilipinas
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