Banking & Insurance
BSP likely to raise rates as inflation risks rise
The Bangko Sentral ng Pilipinas (BSP) is expected to increase its policy rate by 25 basis points on April 23, as inflation risks become more persistent and widespread.
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.
