Banking & Insurance
Development banks unlock $792B to finance global growth
The world’s leading development banks have expanded their collective lending capacity by USD792 billion over the next decade, opening more room to finance infrastructure, jobs and climate resilience in developing economies, including the Philippines.
Weak peso makes case for sharp interest rate hikes-BPI
The continued weakening of the Philippine peso past the 63 per U.S. dollar threshold is intensifying pressure on the Bangko Sentral ng Pilipinas to aggressively tighten monetary policy, with rate hikes now widely anticipated both next week and in December, according to the Bank of the Philippine Islands.
BSP warns public over scams impersonating its officials and staff
The Bangko Sentral ng Pilipinas (BSP) has issued a public advisory warning against fraudsters falsely presenting themselves as BSP officials or employees. Scammers may send letters, emails, or text messages asking people to deposit or transfer money, claiming the payment is needed to release, recover, or restore funds, or even for charitable causes. Some also show fake BSP identification cards complete with names, photos, and forged signatures to appear credible.
Cash still accounts for a fourth of PH e-commerce sales
Cash remains a major force in Philippine online shopping, with about 23 percent of all e-commerce transactions still paid through cash on delivery (COD), according to the Xendit Ecommerce Payments Momentum Report 2026. This figure is the highest in Southeast Asia—far above Vietnam’s 16 percent—even as COD shares drop sharply across much of the region.
BSP, global partners hold 6th International Research Fair in Cebu
The Bangko Sentral ng Pilipinas (BSP), together with the Reinventing Bretton Woods Committee, staged the 6th International Research Fair on October 6–7, 2026, bringing together top experts and policymakers from around the world to tackle key issues shaping today’s evolving economic landscape.
