Banking & Insurance
Most Filipinos have only ₱50K in emergency savings as inflation strains finances — study
Most Filipinos have only around ₱50,000 in emergency savings, an amount that can be quickly depleted by a single medical emergency, a new study found, as rising inflation continues to strain household finances.
Demand surge drives treasury bill yields lower
Strong investor demand pushed yields lower at Monday’s treasury bill auction, as easing market concerns over tensions in the Middle East boosted appetite for short-term government debt.
Salmon Group raises $100 million to expand in the Philippines
The Salmon Group has raised US$100 million in fresh funding, marking a major leap in its push to expand across the Philippines’ fast-growing financial services market. The round was heavily oversubscribed, signaling strong investor confidence in the company’s rapid rise and long-term vision.
Loan growth drives BPI Q1 profit, margin gains
Bank of the Philippine Islands (BPI) posted a solid start to 2026, with first-quarter net income rising to P16.9 billion, up 1.7 percent year-on-year and 4.9 percent quarter-on-quarter, supported by stronger lending, wider margins, and resilient fee income.
BPI flags limited risk amid Middle East tensions
Jaime Augusto Zobel de Ayala, chairman of Bank of the Philippine Islands (BPI), said the lender is closely tracking the escalating crisis in the...
