Banking & Insurance
Central banks must adopt for AI era— BSP chief
Central banks around the world must prepare to seize both the opportunities and navigate the challenges brought by artificial intelligence while upholding their key missions of keeping prices steady and financial systems secure.
DOF advances regional insurance plan to protect public infrastructure
The Philippines is pursuing a regional insurance mechanism that would build multi-year disaster coverage into infrastructure projects financed by development partners, potentially reducing the government’s exposure to mounting reconstruction costs after typhoons, floods and other calamities.
AI companies’ borrowing lifts bond yields, Remolona says
Heavy borrowing by global artificial intelligence companies is pushing up Philippine bond yields and making it more expensive for local businesses to raise funds, potentially squeezing investment in the country, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. warned.
Q3 GDP seen rising 3.2% as state spending and AI electronics exports drive recovery
The economy likely regained momentum in the third quarter of 2026, snapping a four-quarter stretch of slowing growth as increased government spending and resilient technology exports helped offset severe storm damage and hesitant consumer spending, according to the Bank of the Philippine Islands.
Remolona says BSP has no clear timetable for policy easing
The Bangko Sentral ng Pilipinas (BSP) has no clear timetable for resuming interest rate cuts as it remains focused on containing inflation pressures from core prices and peso depreciation, Governor Eli Remolona Jr. said.
