Banking & Insurance
BDO draws strong demand for oversubscribed dollar notes
BDO Unibank Inc., the country’s largest lender controlled by the Sy Group, has successfully priced its USD500 million, five-year Fixed Rate Senior Notes, raising fresh medium-term funding to support its lending operations and liability management program.
Big withdrawals still easy under new BSP rules
The Bangko Sentral ng Pilipinas (BSP) reaffirmed that customers can access funds above ₱500,000 (or foreign currency equivalent) without unnecessary delays, following the implementation of BSP Circular No. 1218, s. 2025.
Asians want to live better, not just longer – Manulife report
Asians are living longer, but many still struggle to feel financially secure in later life, according to the 2025 Financial Resilience and Longevity Report from Manulife Wealth and Asset Management. The study, covering Hong Kong, Malaysia, Indonesia and the Philippines, found that most people prioritize quality of life over extended lifespans.
Temporary halt on BIR audits signals policy overhaul
The Bureau of Internal Revenue (BIR), under the direct supervision of newly minted Finance Secretary Frederick D. Go, on Monday announced the immediate and temporary suspension of all field audits and related operations, including the issuance of Letters of Authority (LOAs) and Mission Orders (MOs), following widespread taxpayer concerns over audit practices.
Tie-up offers faster money transfers for OFWs
The Bank of the Philippine Islands (BPI) has teamed up with SingX Singapore Pte. Ltd. to offer Overseas Filipinos in Singapore, Hong Kong, and Australia a faster, more secure, and fully digital way to send money to the Philippines any time of day.
