Banking & Insurance
BSP backs stronger ASEAN+3 cooperation
The Bangko Sentral ng Pilipinas (BSP) joined other central banks and finance ministries in reaffirming support for stronger regional cooperation during the 29th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting held recently in Samarkand, Uzbekistan. The meeting took place alongside the Asian Development Bank Annual Meeting amid growing global economic uncertainties.
Short-term T-bills favored amid inflationary pressures
Investors flocked to shorter-dated government securities on Monday as rising yields and weak appetite for longer tenors reflected expectations of further monetary tightening amid surging inflation and persistent geopolitical uncertainty.
BPI sees surge in green auto loans
The Bank of the Philippine Islands (BPI) reported strong growth in its green auto loan portfolio in 2025 as more Filipinos shifted to hybrid and electric vehicles amid rising fuel prices and growing environmental awareness.
DES Financing strengthens military pension lending services
DES Financing Corp. is reinforcing its role as a specialist lender for retired uniformed personnel, particularly members of the Armed Forces of the Philippines, as it approaches its 40th year.
ADB pledges $30B to help shield ASEAN economies
The Asian Development Bank pledged to mobilize USD30 billion by 2030 to help Southeast Asian economies strengthen resilience, accelerate regional integration and cushion the impact of mounting geopolitical and economic shocks.
