Banking & Insurance
Tala unveils app to reward smarter borrowing habits
Digital lender Tala Philippines has introduced a new in-app feature that gives borrowers greater visibility into their credit journey, a move aimed at reducing financial uncertainty while encouraging responsible borrowing and long-term financial planning.
Treasury bill demand stays strong as yield move mixed
Investor appetite for short-term government securities remained robust on Monday, allowing the Bureau of the Treasury (BTr) to fully award its Treasury bill (T-bill) and Cash Management Bill (CMB) offerings despite mixed movements in yields amid easing geopolitical tensions and moderating inflation expectations.
BPI waives interbank transfer fees permanently starting July 1
The Bank of the Philippine Islands (BPI) on Monday announced that fund transfers via InstaPay and PESONet to other banks and e-wallets will be permanently free for all users effective July 1, 2026. The waiver complies with BSP Circular No. 1238, Series of 2026, which mandates fair and reasonable pricing for electronic fund transfers across financial institutions.
WB approves record $1.02B Philippine energy, water loan
The World Bank Group has approved a record USD1.02-billion financing package for the Philippines, backing reforms aimed at lowering electricity costs, strengthening water security and accelerating the country's transition to cleaner energy.
Thrift banks post strong 2025 growth, helps boost PH economic expansion
The Chamber of Thrift Banks (CTB) said Monday that the Philippine thrift banking industry achieved robust growth in 2025, marking continued stability and contribution to national economic development.
