Financial account ownership among Filipinos at 50% — BSP
HALF of Filipino adults had formal financial accounts in 2025, with gains recorded among the youth and women, a Bangko Sentral ng Pilipinas (BSP)...
BSP’s real-time gross settlement system processed record P601 trillion in 2025
TRANSACTIONS that went through the Bangko Sentral ng Pilipinas’ (BSP) Peso Real-Time Gross Settlement (RTGS) Payment System reached P601.32 trillion in 2025, marking its...
Peso climbs on hawkish signals from BSP chief
THE PESO strengthened anew against the dollar on Thursday, supported by hawkish signals from the Philippine central bank chief and amid continued market uncertainty...
ASEAN’s AI race will be won by data flows, not data centers
By Joel Dabao
Southeast Asia is once again rallying around a familiar ambition: to become a global hub for the digital economy.
This year, with the Philippines hosting...
SSS allocates P60 billion for financial aid, benefit support to help ease war pain
THE SOCIAL Security System (SSS) is setting aside some P60 billion in financial assistance and benefit support for its existing programs and advancing this...
PDIC revises guidelines for appealing denied deposit insurance claims
THE PHILIPPINE Deposit Insurance Corp. (PDIC) has revised its appeals process for denied claims, making it more accessible, transparent, and time-bound.
“Approved on Feb. 25,...
Term deposit yield declines on strong demand, lower oil prices
THE CENTRAL BANK’S term deposits fetched a slightly lower average yield on Wednesday as the offer drew strong demand and with global oil prices...
BSP approves relief measures for banks, borrowers amid war shock
THE BANGKO SENTRAL ng Pilipinas (BSP) has approved relief measures to help give both banks and borrowers financial flexibility and support continued lending activity...
Middle East war to push up Philippine banks’ credit losses, costs — S&P
PHILIPPINE BANKS could see higher credit costs as soured loans are expected to rise due to the economic fallout from the Middle East war,...
Uncertainty over war drags down peso
THE PESO slid back to the P60-a-dollar level on Wednesday due to uncertainty over the fate of the fragile ceasefire between the United States...
Philippine Business Bank’s 2025 net profit up 6.4%
PHILIPPINE Business Bank, Inc. (PBB) saw its 2025 net profit climb by 6.4% on higher revenues and improved asset quality.
The bank’s net income went...
Philippines grants banks flexibility to extend loan payments amid energy crisis
MANILA - The Philippines will allow banks to give borrowers more time to settle their loans as part of a package of relief measures...