Banking & Insurance
RCBC, SSS launch digital loan access push
Rizal Commercial Banking Corp, (RCBC), the banking unit of the Yuchengco Group, and the state-owned pension fund Social Security System (SSS) are rolling out a new digital microloan offering aimed at expanding access to affordable credit while curbing reliance on informal lenders.
BSP flags fake online article using governor’s identity
The Bangko Sentral ng Pilipinas (BSP) has warned the public about a fraudulent online article that misuses the name and likeness of its governor, Eli M. Remolona, Jr..
Prolonged Middle East conflict threatens Asia growth outlook
The Asian Development Bank (ADB) warned that a prolonged conflict in the Middle East could shave up to 1.3 percentage points off economic growth in developing Asia and the Pacific over 2026–2027, while pushing inflation higher by as much as 3.2 percentage points if energy disruptions persist for more than a year.
Monetary Board holds interest rate steady amid inflation risks
The country’s Monetary Board kept its key interest rate unchanged at 4.25 percent, saying it is closely watching rising inflation risks and uncertain global conditions.
GSIS launches solar loan program for government workers
The Government Service Insurance System (GSIS) began accepting applications on March 25 for its Ginhawa Solar Energy Loan (GSEL), aimed at helping government employees install solar power systems at home.
