Banking & Insurance
BSP co-leads 3rd ASEAN+3 Task Force Meeting in Puerto Princesa
The Bangko Sentral ng Pilipinas (BSP), alongside the Philippine Department of Finance, Japan’s Ministry of Finance, and the Bank of Japan, hosted the 3rd ASEAN+3 Task Force meeting in Puerto Princesa City. Technical representatives from member authorities gathered to advance regional financial cooperation and stability, with support from the ASEAN+3 Macroeconomic Research Office (AMRO).
GSIS allots ₱8B emergency aid for members, pensioners in calamity-hit areas
The Government Service Insurance System (GSIS) has allocated nearly ₱8 billion in emergency loans for 317,721 active members and old-age or disability pensioners across 16 areas devastated by Typhoons Luis, Maymay, Neneng and the enhanced Southwest Monsoon (Habagat).
BanKo unveils InstaCashKo line to advance BPI’s financial inclusion goal
BanKo (BPI subsidiary) launched InstaCashKo Line: a digital credit line (₱1k–₱10k) via BanKo App for salaried workers and micro-entrepreneurs. Designed for personal, emergency, or business working capital needs—easy application (1 ID), fast access, flexible repayment. Officially launched July 25 in Cubao with brand ambassador Kathryn Bernardo; limited-edition co-branded ATM card also released. Reinforces BanKo’s role in expanding inclusive access and customer resilience.
BSP secures conviction vs unregistered financial operators, closed bank officials
The Bangko Sentral ng Pilipinas (BSP) announced that several individuals linked to closed banks, money changing outlets, and pawnshop businesses have been convicted by various courts across the country, following BSP-led investigations and referrals for prosecution. These judgments, which include substantial fines and prison terms, underscore the regulator’s firm stance on upholding banking and financial laws, and carry significant implications for industry stakeholders and the general public.
MaxiLife rebrands as Maxicare Insurance in healthcare push
MaxiLife has rebranded as Maxicare Insurance as the Maxicare Group moves to integrate healthcare services with life and financial protection, expanding beyond its traditional health maintenance organization (HMO) business.
