Banking & Insurance
MDBs steps up global reaponse, vow deeper cooperation amid rising crises
In a strong show of unity, leaders of the world’s major multilateral development banks (MDBs) pledged intensified cooperation to confront mounting global instability, warning that urgent, coordinated action is needed to protect economies and vulnerable populations.
BSP welcomes Moody’s vote of confidence on PH banks, reserves
The Bangko Sentral ng Pilipinas (BSP) in Friday welcomed Moody’s latest assessment affirming the country’s strong banking system and external finances, saying it reflects a stable and resilient economy.
SSS, RCBC team up to widen digital microloans
The Social Security System (SSS) and Rizal Commercial Banking Corp. have signed a memorandum of understanding to expand digital access to short-term credit, rolling out the pension fund’s LoanLite facility through RCBC’s mobile platform.
War relief steps may dent banks’ earnings outlook
Relief measures for Philippine borrowers hit by the ongoing Middle East conflict may steady credit conditions but are likely to trim banks’ profitability, according to an April 16 report by S&P Global Ratings.
Inflation biting harder this year as BSP raises forecast to 5.1%
Households across the country are continuing to feel the pressure of rising prices as inflation drives up everyday expenses. The Bangko Sentral ng Pilipinas (BSP) has increased its 2026 average inflation forecast to 5.1 percent, citing global economic pressures and elevated oil prices. While fuel price rollbacks have provided occasional relief, higher costs for goods and services remain a persistent burden.
