The country's net external liabilities increased by 5.4 percent in the first quarter of 2025, reaching ₱3.7 trillion from ₱3.5 trillion in the previous quarter, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP) under the balance sheet approach (BSA).
A private sector initiative led by the Systembrand Group is driving efforts to increase overseas Filipino workers’ (OFWs) participation in the Philippine capital market, with a focus on real estate investment trusts (REITs).
Security Bank has named Victor Lee Meng Teck as its incoming president and chief executive officer (CEO), effective in early January 2026. Lee, a seasoned Singaporean banker with over 30 years of experience, will succeed Sanjiv Vohra, who has led the bank through significant transformation during his tenure.
A recent study by The Manufacturers Life Insurance Co. (Phils.) Inc. highlights that millennials and Gen Z in the Philippines are increasingly prioritizing health, purpose, and financial independence.
The Bank of the Philippine Islands (BPI) is adopting InstaPay for all inter-institution cash-in transactions starting October 1, 2025, in line with a directive from the Bangko Sentral ng Pilipinas (BSP) aimed at improving digital financial services' interoperability and transparency.