Banking & Insurance
GSIS releases P1.69-B emergency loan package for members, pensioners hit by El Niño, dengue crisis
The Government Service Insurance System has set aside P1.69 billion in emergency lending assistance to help nearly 69,000 members and pensioners in three calamity-stricken areas weather the dual impacts of severe El Niño conditions and a worsening dengue outbreak.
BPI launches cross-border payment service, DMCI Homes first adopter
The Bank of the Philippine Islands (BPI) has rolled out its overseas collection arrangement (OCA), a new cross-border payment solution that lets Philippine businesses receive payments directly from overseas customers, with DMCI Homes becoming the first property developer to use the service for its clients based in the United States.
Treasury bill yields rise ahead of BSP rate decision
Yields on shorter-dated Philippine Treasury bills climbed at Monday’s auction as investors positioned for a possible further monetary tightening by the Bangko Sentral ng Pilipinas (BSP) later this week.
AIA Philippines debuts investment plan with quarterly payout potential
AIA Philippines has introduced AIA Advantage Max, a single-premium investment-linked insurance product that combines life insurance protection until age 100 with access to global investment funds offering potential quarterly income distributions.
GoTyme pushes mandatory open finance to promote banking competition
GoTyme Bank is calling on the government to mandate open finance in the Philippines, arguing that resistance from established lenders is limiting consumers’ control over financial data and restricting access to affordable credit.
