Banking & Insurance
ADB-backed reforms target better Philippine public spending
The Philippine government has endorsed an Asian Development Bank (ADB)-supported roadmap to overhaul how public funds are planned, spent, and monitored, marking a major step toward improving service delivery and strengthening accountability across government.
RCBC, Tambunting widen banking access nationwide
Rizal Commercial Banking Corp. (RCBC), the country’s 6th largest lender by assets, is deepening its financial inclusion push through a partnership with Tambunting Pawnshop, bringing digital banking services to more underserved communities through over 100 branches nationwide.
BSP rule boosts digital banking, trashes SMS/email OTP for high-risk transactions
Digital banking and e-wallet users now enjoy stronger protection against fraud and unauthorized access, as Bangko Sentral ng Pilipinas (BSP)-supervised financial institutions begin rolling out advanced authentication systems ahead of a key deadline.
GSIS allocates ₱69.1 million for earthquake damage claims
The Government Service Insurance System (GSIS) has set aside an initial ₱69.1 million in loss reserves to support recovery efforts following the magnitude 7.8 earthquake that struck parts of Mindanao.
SSS Pension Booster gains traction as retirement safety net
The Social Security System’s (SSS) Pension Booster Program is gaining momentum as a viable retirement savings option for Filipino workers, delivering steady returns despite ongoing economic volatility and shifting interest rate conditions.
