Banking & Insurance

The Bangko Sentral ng Pilipinas on Thursday delivered a preemptive 25-basis-point rate hike and left the door open to further tightening as stubborn inflationary pressures threaten to keep prices above the central bank’s target range.

Singapore-based Levanta Renewables has reached financial close on its 166-megawatt peak solar power plant paired with an 80-megawatt-hour battery energy storage system in Barotac Viejo, Iloilo, sealing the ₱6.215-billion co-financing deal with Philippine National Bank during an August 5, 2026 ceremony at Makati Shangri-La.

EastWest has rolled out its comprehensive "Banking Made Safer" initiative, a robust set of upgraded security and fraud prevention measures designed to safeguard customer accounts and savings while maintaining the ease and accessibility of digital banking.

Philippine companies swimming in unprecedented amounts of data should focus less on collecting more information and more on ensuring its reliability, depth, and context, business leaders said at a panel discussion organized by CIBI Information Inc.

Consumer finance company Skyro is expanding support for Philippine small businesses beyond financing, offering merchant tools, account management, and marketing assistance as micro, small, and medium enterprises (MSMEs) contend with credit constraints and pressure on consumer spending.