Banking & Insurance
BPI selling P5 billion social bonds, plans subsidiary merger
Ayala-led Bank of the Philippine Islands (BPI) will offer P5 billion worth of peso-denominated fixed-rate social bonds later this month, with an option to increase the amount depending on investor demand.
Year opens with mixed treasury yields
Treasury bill yields sent mixed signals at Monday’s auction—the first for the year—as strong demand met shifting rate expectations.
BSP, AMA Rural Bank reach settlement as claims process continues
The Bangko Sentral ng Pilipinas (BSP) and AMA Rural Bank of Mandaluyong, Inc. (AMA Bank) have reached a full and amicable settlement to resolve all disputes, aimed at protecting the interests of the bank’s depositors and clients. The regulator and subject have agreed to formalize the settlement through a compromise agreement.
Bureau of Treasury set 1Q borrowing blitz
The government is lining up a hefty start to its 2026 borrowing program, targeting P824 billion in the first quarter alone to help fund state spending.
Lender brings Google Pay to Filipino cardholders
EastWest Bank cardholders are now turning to contactless payments through Google Pay, which has recently become available in the Philippines for compatible Android and Wear OS devices. EastWest is among the first local banks to support the service, allowing customers to add their Visa or Mastercard credit cards to Google Wallet and pay with a simple tap of their phone.
