Banking & Insurance
BPI turns saving into streaming rewards with ‘Save and Stream’ promo
The Bank of the Philippine Islands (BPI) is making saving more rewarding, launching a new program that lets customers build their savings while earning chances to win a year of Disney+ Premium access.
Salmon Group secures $140 million funding to accelerate financial expansion in PH
Technology-driven banking and lending platform Salmon Group has secured $140 million, around ₱8.8 billion, in new financing to accelerate its expansion across the Philippines. The capital injection marks a major milestone for the financial technology operator, reinforcing investor confidence in its business model and long-term growth trajectory within one of Southeast Asia's fastest-growing digital economies.
Development banks unlock $792B to finance global growth
The world’s leading development banks have expanded their collective lending capacity by USD792 billion over the next decade, opening more room to finance infrastructure, jobs and climate resilience in developing economies, including the Philippines.
Weak peso makes case for sharp interest rate hikes-BPI
The continued weakening of the Philippine peso past the 63 per U.S. dollar threshold is intensifying pressure on the Bangko Sentral ng Pilipinas to aggressively tighten monetary policy, with rate hikes now widely anticipated both next week and in December, according to the Bank of the Philippine Islands.
BSP warns public over scams impersonating its officials and staff
The Bangko Sentral ng Pilipinas (BSP) has issued a public advisory warning against fraudsters falsely presenting themselves as BSP officials or employees. Scammers may send letters, emails, or text messages asking people to deposit or transfer money, claiming the payment is needed to release, recover, or restore funds, or even for charitable causes. Some also show fake BSP identification cards complete with names, photos, and forged signatures to appear credible.
