Banking & Insurance
Economist pushes telecom reforms to unlock digital growth
The Philippines' digital economy is growing faster than the broader economy, but outdated regulations and inadequate infrastructure continue to hold back its full potential, according to De La Salle University economist Tereso Tullao.
AXA expands volunteer drive into lasting community partnerships
AXA Philippines is transforming employee volunteerism into a long-term community development strategy, mobilizing more than 2,000 employees nationwide during this year's AXA Week for Good (AWFG) while expanding livelihood, sustainability and education initiatives with nonprofit partners.
Citicore taps Landbank to accelerate solar expansion
Citicore Renewable Energy Corp. (CREC) has secured a P4.05-billion project finance loan from Land Bank of the Philippines to build two embedded solar power projects in Central Luzon, expanding clean energy capacity while helping electric cooperatives deliver more reliable and potentially cheaper electricity.
IFC backs UnionBank’s debut sustainability bond issue
The International Finance Corp. (IFC) is investing USD100 million in Union Bank of the Philippines through the bank's inaugural sustainability bond, marking another step in efforts to deepen the Philippine capital market while expanding financing for micro, small and medium-sized enterprises (MSMEs) and environmentally sustainable projects.
BSP issues new AI governance principles for financial entities
The Bangko Sentral ng Pilipinas (BSP) has introduced a new set of voluntary governance principles to guide BSP-supervised financial institutions (BSFIs) in safely adopting artificial intelligence. Issued in June under Memorandum No. M-2026-031, the framework helps institutions innovate and improve customer service while protecting consumers, managing risks, and maintaining trust in the financial system.
