Banking & Insurance
BSP pledges vigilance as S&P maintains stable rating for PH sovereign
The Bangko Sentral ng Pilipinas (BSP) on Thursday confirmed that the Philippines has held on to its investment-grade credit rating of “BBB+” with a stable outlook, as reaffirmed by S&P Global Ratings. The rating outlook was revised from “positive” to “stable” due to the ripple effects of the ongoing Middle East conflict on the global economy.
GSIS rolls out P19-B Balik Ginhawa refunds to members, pensioners
The Government Service Insurance System (GSIS) began releasing refunds under its Balik Ginhawa (Loan Moratorium Through Refund) program last Wednesday, with qualified members and pensioners now receiving the proceeds in their accounts.
BPI rolls out auto deals amid tighter budgets
Bank of the Philippine Islands (BPI) has launched special vehicle financing offers to help Filipinos purchase cars and motorcycles as tighter household budgets weigh on consumer spending, underscoring the lender’s push to support mobility.
S&P revises Philippines outlook; oil risks clouds ratings upgrade
The Philippines’ push toward a higher credit rating has been put on hold as global risks cloud the near-term outlook, even as underlying economic fundamentals remain intact.
BPI backs Manila auto show with financing deals, promotes sustainable mobility
The Bank of the Philippine Islands (BPI) will support the Manila International Auto Show (MIAS) from April 9 to 12 at the World Trade Center Metro Manila, offering financing deals and promoting eco-friendly transport.
