Banking & Insurance

The Bangko Sentral ng Pilipinas and the Department of Justice have entered into an information-sharing agreement aimed at cracking down on financial account scams and protecting the public from online fraud.

The Government Service Insurance System has set aside ₱520.08 million in emergency loans to assist 21,153 eligible active members, old-age pensioners, and disability pensioners affected by separate crises in Bagulin, La Union and the entire Province of Negros Occidental.

Citi has reaffirmed the Philippines' strategic role within its global network, pointing to the country’s expanding investment opportunities, deeper capital markets and enduring client relationships as key reasons behind its continued commitment to one of Southeast Asia’s fastest-growing economies.

Visa and the Land Bank of the Philippines have introduced a new government purchase card (GPC) that modernize how public institutions manage procurement and spending.

The Bangko Sentral ng Pilipinas (BSP) has issued new guidance requiring all institutions under its supervision to strengthen safeguards against money laundering, terrorism financing, and proliferation financing when dealing with casino junket operators.