Banking & Insurance
AIIB lends $300M to ICTSI for Philippine port projects
The Asian Infrastructure Investment Bank (AIIB) has approved a USD300 million senior unsecured corporate loan to International Container Terminal Services Inc. (ICTSI), marking its first non-sovereign-backed deal in the Philippines and signaling rising investor confidence in the country’s logistics infrastructure.
Most Filipinos lack emergency savings despite rising financial literacy
A stark divide has emerged between what Filipinos know about money and how much they have actually saved, prompting proactive workplace interventions. According to the Bangko Sentral ng Pilipinas 2025 Consumer Finance and Inclusion Survey, basic financial literacy among Filipino adults has risen to 74 percent, up from 69 percent in 2021. However, this knowledge has not yet translated into financial security, as a worrying 30 percent of Filipinos report having enough savings to weather an emergency or sudden income loss, and fewer than half are satisfied with their current financial state.
T-Bill yields surge amid inflation, policy concerns
Philippine Treasury bill yields climbed again at Monday’s auction, fueled by inflation concerns, tighter monetary policy expectations, and geopolitical uncertainties.
EastWest launches pioneering employee PERA program bossting retirement savings
East West Banking Corporation has launched a voluntary Personal Equity and Retirement Account (PERA) contribution program for employees, allowing them to save and invest more conveniently through accredited PERA products.
Metrobank raises online time deposit rates to up to 5%
Metrobank has increased the interest rate of its online time deposit (OTD) product to as much as 5 percent per annum, offering customers higher returns on their savings.
