Banking & Insurance
EastWest launches PERA products making retirement planning accessible to more Filipinos
East West Banking Corporation (EastWest) has introduced its EastWest PERA products to help more Filipinos prepare for long-term financial security.
BSP extends maximum repayment term for salary-based consumption loans to 7 years
The Bangko Sentral ng Pilipinas (BSP) has adjusted rules raising the maximum repayment period for salary-based general purpose consumption loans (SBGPCLs) from the standard three years — extendable only to five years in special cases — to seven years.
BSP commends DOLE for boosting financial literacy, inclusion among workers
The Bangko Sentral ng Pilipinas (BSP) has praised the Department of Labor and Employment (DOLE) for its efforts to promote financial planning, savings, microinsurance, and the Personal Equity and Retirement Account (PERA) among private-sector employers and workers.
BPI Wealth launches peso share classes for global investment funds
Ayala-led Bank of the Philippine Islands (BPI)’s wealth management arm, BPI Wealth, has introduced peso-denominated share classes for two of its established global investment funds. This development removes the need for investors to hold foreign currency to access international markets, making global investing more accessible to Filipino investors.
China Bank Savings prioritizes asset preservation amid global and local uncertainties
China Bank Savings (CBS), the retail lending subsidiary of China Banking Corp., is adjusting its strategy to focus on asset preservation and enhanced risk management amid ongoing geopolitical tensions in the Middle East and domestic political uncertainties.
