Cash-on-delivery (COD) remains more entrenched in the Philippines than in any other Southeast Asian market, accounting for about 23% of e-commerce transaction value despite the growing use of real-time digital payments.
Department of Finance (DOF) secretary Frederick Go has discussed measures to reduce the cost of sending money to the Philippines with global financial messaging network Swift and UK-based fintech company Revolut during the 2026 IMF-World Bank Annual Meetings in Bangkok, Thailand.
Japanese tech giant Toshiba Corporation is planning a multi-billion-peso investment in the Philippines over the next three years to expand its production of high-capacity hard disk drives, a move expected to generate about 3,000 jobs.
Global fintech company Revolut is exploring plans to establish a wholly owned Philippine entity as it looks to offer digital banking and electronic money issuer (EMI) services in the country.
Globe Telecom and its tower company partners recorded 1,245 cases of telecommunications equipment theft as of September 2026, causing service outages nationwide, the company said.
Internet services affected by a submarine cable disruption between the Philippines and Singapore have returned to normal, according to PLDT and Globe, while Converge ICT Solutions said it has successfully rerouted affected traffic through other cables.
The Philippines needs to move toward higher-value services, upgrade infrastructure and prepare workers for artificial intelligence as it seeks to translate growth in the services sector into broader productivity gains and better jobs, Department of Economy, Planning, and Development (DEPDev) secretary Arsenio Balisacan said.
Called SellerPlus, the package combines a 200Mbps Converge fiber Internet connection with TikTok Shop incentives, personal accident insurance, and access to business training and mentorship.
Philippine merchandise exports surged 27.8% year-on-year to $9.11 billion in August 2026, with electronic products accounting for more than two-thirds of shipments and driving much of the increase.
A submarine cable cut between the Philippines and Singapore disrupted Internet services across the country, prompting Globe, PLDT and Converge ICT Solutions to reroute traffic through alternative international links.
