Remolona: Filipino Households Embrace E‑Wallets
Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. revealed that nearly eight in ten Filipino households are now using digital banking services or e‑wallets. This figure reflects a dramatic shift in how Filipinos manage money, pay bills, and send funds. It also underscores the success of the central bank’s push to expand digital financial services and bring more citizens […]
Unemployment Rate Hikes in May 2026, PH Survey says
The Philippine Statistics Authority reported that unemployment rose to 2.5 million in May 2026, equivalent to 4.8% of the country’s labor force. PSA’s May 2026 Labor Force Survey showed 2.5 million Filipinos unemployed, up from 2.41 million in April. The jobless rate climbed slightly to 4.8% from 4.7%, while employment rose to 49.63 million. Labor force participation increased to […]