Banking & Insurance
Government budget deficit narrows in February as revenue surge
The National Government’s fiscal position improved in February, with the budget deficit slightly narrowing to P171.2 billion from P171.4 billion a year ago, as a sharp rise in revenues helped offset faster spending growth.
Digital lender launches CIMB Prime with 3.5% interest rate and zero fees
CIMB Bank Philippines has introduced CIMB Prime, a new premium banking segment offering higher interest rates, reduced fees, and priority customer service for qualified clients.
Philippines pushes inclusive, resilient ASEAN finance agenda
As this year’s chair of the Association of Southeast Asian Nations (ASEAN), the Philippines will steer a round of financial talks, setting the tone for deeper regional cooperation to boost economic activity and expand financial inclusion across Southeast Asia.
T-bill yields mixed at auction; government debt up in February
Yields on Treasury bills were mixed at Monday’s auction, as strong investor demand built up over the past two weeks pulled down rates for shorter-dated securities, while longer tenors edged higher despite selective bid rejections, underscoring lingering uncertainty in the market.
Bank of Commerce posts record profit, ROE at 16-year high
Bank of Commerce, an affiliate of San Miguel Corporation, continued its strong post-IPO trajectory in 2025, posting record financial metrics since its 2022 listing.
