PH Digital Banks are Still Losing Money – But The Picture is Improving
After several years of aggressive customer acquisition, elevated technology investments, and persistent operating losses, the country’s digital banks are showing early signs of financial improvement. While profitability remains elusive, the direction of travel is becoming clearer: losses are narrowing, customer deposits are growing, and digital banking is steadily becoming a permanent fixture of the Philippine […]
Weak Demand, El Niño Push PH Manufacturing Sector Deeper into Contraction
The Philippine manufacturing sector is facing a difficult convergence of economic and environmental pressures; painting a picture of a sector caught between cyclical economic headwinds and structural challenges that extend beyond traditional business conditions. Just weeks after signs emerged that local industry might be turning a corner, new data suggest that factories are once again […]