Banking & Insurance
Supervisors dismissed in BSP attendance scandal
The Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) has imposed maximum administrative penalties on two former supervisors found guilty of falsifying employee attendance records—marking a strong enforcement of its integrity policies.
Treasury bill yields fall after BSP cut
Yields on Treasury bills continued to ease at Monday’s auction, following the Bangko Sentral ng Pilipinas’ (BSP)decision last week to lower benchmark interest rates.
Insurer urges Filipinos to guard against life’s uncertainties
As the country marks Life Insurance Month, BDO Life emphasizes the growing need to prepare for life’s contingent risks by securing adequate insurance cover. Highlighting that life insurance remains one of the most affordable ways to protect one’s future, BDO Life encourages Filipinos to view it as a vital "Plan B"—a safeguard when unexpected events like illness, accidents, or loss of life disrupt their primary plans.
Muted PMI keeps rate cut debate alive at BSP
The country's manufacturing index or the PMI proved little changed in August, to 50.8 during the month from a three-month high of 50.9 in July, indicating continued growth in the sector closely watched by the Bangko Sentral ng Pilipinas (BSP) as one of a number of guides for monetary policy crafting.
BSP extends VASP licensing moratorium, issues advisory amid heightened crypto risks
The Bangko Sentral ng Pilipinas (BSP) has extended its moratorium on the issuance of new licenses for virtual asset service providers (VASPs) indefinitely, while simultaneously warning the public against engaging with unregistered or unauthorized VASPs.
