Banking & Insurance
SSS benefit payouts outpace contributions, squeezing surplus
The Social Security System’s (SSS) benefit payments grew nearly three times faster than contribution collections in the first half of 2026, narrowing the gap between the pension fund’s inflows and payouts and highlighting the importance of sustaining its financial position.
Lender launches program making engineering education more accessible
The Bank of the Philippine Islands (BPI) and the University of the Philippines Alumni Engineers, Inc. (UPAE) have partnered to launch a financing program that will help qualified UP engineering students finish their degrees with greater financial ease. This is BPI’s first student financing partnership with a university alumni organization, under the UPAE Study Now, Pay Later Program.
De Ocampo earns first-ever Michigan Ross Global Alumni Achievement Award
Dr. Roberto F. de Ocampo, OBE, former Philippine Secretary of Finance and current Veterans Bank Chairman Emeritus, will be presented with the first-ever Global Alumni Achievement Award from the University of Michigan Ross School of Business on Friday, October 16, 2026.
Treasury bill yields rise as inflation stokes caution
Treasury bill yields climbed across the board at Monday’s auction as investors appeared to demand higher returns amid surging inflation and uncertainty over the next move by the Bangko Sentral ng Pilipinas.
PhilHealth-Maxicare partnership aims to cut patient costs, expand healthcare access
The Philippine Health Insurance Corporation (PhilHealth) and Maxicare Group have partnered to expand access to healthcare services, improve coordination between public and private providers, and reduce out-of-pocket expenses for Filipinos.
