Banking & Insurance
T-bill auction results mixed; some bids rejected
Average yields on Treasury bills ended mixed at Monday’s auction, as the Bureau of the Treasury (BTr) moved to reject select bids in an effort to rein in the rate on the 91-day tenor.
Gen Z star Belle Mariano backs BDO Pay
Filipina Gen Z star Belle Mariano has publicly endorsed BDO Pay, positioning the digital wallet as her go-to payment solution amid a hectic travel and work schedule.
GSIS disburses ₱413B in loans under Ginhawa Programs
The Government Service Insurance System (GSIS) has disbursed a total of ₱413.4 billion across 1.9 million loan applications through its Ginhawa Flex and Ginhawa Lite programs, GSIS president and general manager Wick Veloso announced at a stakeholders’ dialogue held at the Sequoia Hotel Manila Bay.
DBCC recasts macro, fiscal targets amid global uncertainties
The interagency Development Budget Coordination Committee (DBCC) has revised the country's medium-term macroeconomic assumptions, growth projections, and fiscal program for 2025 to 2028 in light of mounting global risks, including geopolitical tensions in the Middle East and new U.S. tariffs.
BDO commits ₱12B to PH’s largest wind power project
BDO Unibank Inc. (BDO) has committed ₱12.04 billion in financing—35 percent of a ₱34.41 billion loan facility—for ACEN Corporation’s onshore wind power project, poised to become the largest wind facility in the Philippines. The financing is structured under a 15-year term.
