Banking & Insurance
GSIS reaffirms full support for pensioners with better benefits, easier access
As the nation marks Filipino Elderly Week (Oct 1–7), the Government Service Insurance System (GSIS) reaffirms stronger commitment to its more than 600,000 pensioners and retirees—rolling out improved benefits, fairer rules, and simpler, fully digital services to boost financial security and ease of use.
BDO Insure unveils first-ever racket sports insurance
BDO Insure has launched the nation’s first dedicated Racket Sports Insurance, an affordable plan starting at just ₱1,199 per year designed specifically for enthusiasts of all skill levels.
Disinflation streak ends as September inflation seen to surge to 6.9%
The country’s four-month streak of slowing price increases is poised to come to a sharp halt, with headline inflation projected to accelerate to 6.9 percent year-on-year in September, up from 6.1 percent in August.
Stronger bank lending and money supply expansion signal resilient economic momentum
The various banks accelerated their lending activity in August, driven by a steady demand for credit from key business sectors. Big banks expanded their loan portfolios by 11 percent year-on-year, picking up speed from the 10.4 percent growth recorded in July.
PH net foreign liabilities rise to $65.6 billion
The Philippines saw its net financial obligations to foreign lenders and investors expand to $65.6 billion as of end-June 2026, equivalent to 13.4 percent of the country’s Gross Domestic Product (GDP). It is a reflection of what the country owns abroad versus what it owes to foreign entities. Preliminary balance sheet figures show this liability expanded from $55.0 billion, or 11.2 percent of GDP, recorded at the end of March 2026.
