Banking & Insurance
PNB expands PERA fund options and distribution reach, boosting retirement investing for Filipinos
The Philippine National Bank (PNB), through its Trust Banking Group, has expanded its Personal Equity and Retirement Account, or PERA, product range with two new offerings: the PNB PERA Money Market Fund and the PNB PERA High Dividend Fund.
Select Security Bank Metro Manila branches open Nov. 16–18 for ASEAN Summit
Select Security Bank branches in Metro Manila will stay open November 16–18 to serve clients during the 49th ASEAN Summit. Malacañang declared these three days special non-working days in NCR under Proclamation No. 1447. All branches outside Metro Manila operate on regular schedule. Digital banking services remain available anytime via the Security Bank App. Clients are advised to check branch schedules before visiting.
Manulife sees Philippine markets nearing turning point as rates peak
Philippine stocks and bonds are becoming increasingly attractive to investors as monetary tightening approaches its peak, although persistent inflation, peso weakness, and elevated global yields could delay a sustained market recovery, according to Manulife Investments Philippines.
BSP: Stability key to growing future industries
The Bangko Sentral ng Pilipinas (BSP) has emphasized that steady economic conditions, a reliable financial system, and solid infrastructure are essential to helping new, higher-value industries take root and thrive.
Foreign currency reserves drop to $97.4B
The Bangko Sentral ng Pilipinas (BSP) reported that the country’s gross international reserves (GIR) stood at $97.4 billion as of end-October 2026. This dip in foreign currency reserves was primarily driven by the central bank’s active foreign exchange interventions, downward adjustments in the value of gold assets amid shifting global prices, and the national government withdrawing funds from its central bank deposits to cover foreign debt service obligations alongside other international funding needs.
