Banking & Insurance
BSP moves to shield digital platform users from online gambling risks
The Bangko Sentral ng Pilipinas (BSP) is set to issue a new circular aimed at safeguarding users of digital financial platforms from the risks posed by online gambling, as part of its broader financial consumer protection agenda and commitment to enhancing Filipinos' financial health.
BSP projects subdued inflation through 2025
The Bangko Sentral ng Pilipinas (BSP) on Friday said the inflation outcome in June kept to its forecast range of 1.1 percent to 1.9 percent, reinforcing expectations of subdued price pressures for the rest of the year.
RCBC renewable energy loans surpass coal for first time
Rizal Commercial Banking Corp. (RCBC) said Wednesday that its renewable energy (RE) loan portfolio has surpassed its coal financing for the first time, marking a major milestone in its shift toward sustainable finance.
Toyota taps Second ELV Dismantling Facility Under Global Sustainability Drive
Toyota Motor Philippines Corporation (TMP) has officially named Standard Insurance Co., Inc. as the second model End-of-Life Vehicle (ELV) dismantling facility in the Philippines under the global “Toyota Global 100 Dismantlers Project.”
Thrift banks post loan growth just under 15 percent in 2024
The Chamber of Thrift Banks (CTB) on Tuesday reported strong financial performance for the thrift banking sector in 2024, underscoring its expanding role in inclusive finance and SME support. As of year-end, total assets reached ₱1.10 trillion, marking a 6 percent increase year-on-year.
