Derx

Business Reporter for Manila Bulletin

[Derx @derxrosal]

UPDATE: Metrobank charges zero fees for InstaPay and PESONet fund transfers starting July 9. @manilabulletin

[Derx @derxrosal]

JUST IN: Philippine National Bank (PNB) will waive InstaPay and PESONet transfer fees for transactions made through its PNB Digital mobile banking app starting July 10. @manilabulletin

[Derx @derxrosal]

JUST IN: LandBank has waived fund transfer fees for both InstaPay and PESONet transactions made through the LandBank mobile banking app and iAccess.

The zero-fee policy also covers OFBank clients. @manilabulletin

[Derx @derxrosal]

JUST IN: Landbank is expected to announce a major development on fund transfer fees. Landbank Chair Frederick D. Go said last week he is hoping for the sweeping removal of interbank transfer fees. @manilabulletin

[Derx @derxrosal]

READ: Maya is cutting its interbank InstaPay transfer fee to ₱10 from ₱15. Transfers within the bank remain free via both InstaPay and PESONet.

This update takes effect on Monday, July 6. @manilabulletin

[Derx @derxrosal]

Landbank is currently running a trial offering zero convenience fees for person-to-government (P2G) transactions for agencies like the Philippine National Police (PNP) and the Department of Foreign Affairs (DFA). @manilabulletin

[Derx @derxrosal]

JUST IN: Finance Secretary and Landbank Chair Frederick “Deck” Go said he hopes “almost all digital transactions will soon be free of charge.”

His remarks came after the BSP said it expects more banks to follow BPI and RCBC in adjusting their fund transfer fees.@manilabulletin

[Derx @derxrosal]

JUST IN: BSP Governor Eli M. Remolona Jr. said more banks are expected to waive or lower their fund transfer fees within the next two days, following the moves by BPI and RCBC. @manilabulletin

[Derx @derxrosal]

“Today’s policy action will help keep inflation expectations anchored and mitigate the risk of second-round effects,” the BSP said. @manilabulletin

[Derx @derxrosal]

JUST IN: The Bangko Sentral ng Pilipinas (BSP) decided to raise the key borrowing costs by 25 basis points (bps) to 4.75 percent from 4.5 percent as “inflationary pressures remain strong.” @manilabulletin

[Derx @derxrosal]

If this assumption holds true, May inflation would mark the highest level in more than three years, since the 8.6% reading in February 2023. @manilabulletin

[Derx @derxrosal]

READ: Inflation may have accelerated to as high as 7.9% in May, according to the BSP, driven largely by soaring rice, vegetable, and meat prices, compounded by the peso’s continued weakness against the dollar. @manilabulletin

[Derx @derxrosal]

WEAKEST PESO VALUE IN HISTORY: The Philippine peso plunged to another historic low of ₱61.721 against the US dollar on Friday, breaching the previous low of ₱61.64 set just yesterday, Thursday. @manilabulletin

[Derx @derxrosal]

Peso plunges to record-low 61.64 vs. US dollar as political turmoil deepens, oil surges

https://t.co/QT894X6KM3

[Derx @derxrosal]

JUST IN: The Philippine peso slid to a new all-time low of ₱61.64 against the US dollar on Thursday, surpassing its previous record low of ₱61.567 per dollar posted on April 29. @manilabulletin

[Derx @derxrosal]

JUST IN: Philippine economic growth slowed to 2.8 percent in the first quarter of 2026, according to the PSA.

This marks the slowest economic growth in five years since the 3.8-percent contraction recorded in the first quarter of 2021. @manilabulletin

[Ben Arnold de Vera @benarnolddevera]

Congrats to Boss @MBChinoLeyco and the entire Manila Bulletin Business team (Sir @JamesALoyola, @DexterBarroII, @gabbigalang15, @derxrosal, and former MB reporter @rkyastr -- lots of scoops before he left) for 1.5 million pageviews so far this year 😱👏💪

[Ben Arnold de Vera @benarnolddevera]

According to private-sector economists (@ravelasj, @domini_vb, @RCAeconomist, @Jun_Neri, and @MikeRicafort888) interviewed by @derxrosal, scrapping the excise taxes on fuel may offer just quick relief. Read here: https://t.co/mK1MM1pgWJ

[Gabriell Christel @gabbigalang15]

WATCH: Long queues at a gas station in Shaw boulevard around 9 p.m. Motorists are rushing to fill up ahead of tomorrow's price hike, triggered by ongoing geopolitical tensions in the Middle East.

@manilabulletin

[Derx @derxrosal]

This comes as revenue officers simultaneously conduct tax mapping operations across the country. @manilabulletin

[Derx @derxrosal]

LOOK: BIR Commissioner Charlie Mendoza inspects the certificates of registration of select business stalls at 167 Mall in Divisoria. @manilabulletin