Banking & Insurance
Non-bank lenders capture millions as digital loan apps grow in popularity
Filipinos spent an estimated 1.54 billion seconds—or the equivalent of 49 years—using non-bank digital lending applications in 2024, underscoring the growing dominance of fintech platforms in delivering financial services, according to a new analysis from online lender Digido.
ADB urges bold collective action amid uncertainty at Milan meetings
The Asian Development Bank (ADB) has called for intensified collective action to confront the region’s mounting challenges, framing today’s uncertainty as an inflection point for building a more resilient and sustainable future. Speaking at the Opening Session of ADB’s 58th Annual Meeting of the Board of Governors in Milan, Italy, ADB President Masato Kanda emphasized the urgency of coordinated responses to external shocks, climate change, and debt burdens.
Treasury bill yields edge higher at auction
Average yields on Treasury bills inched higher at Monday’s auction, as global uncertainties continued to damp expectations of a sustained decline in local inflation.
BSP warns against fraudulent use of its name by fraudsters
The Bangko Sentral ng Pilipinas (BSP) has issued a public warning against a fraudulent scheme involving a company identified as UNA Financing Corporation, which has been unlawfully using the BSP’s name, logo, and even the identities of its employees and officers to deceive individuals.
OceanaGold, BSP renew 3-year gold buying deal
OceanaGold (Philippines), Inc. said the Bangko Sentral ng Pilipinas has renewed its 3-year agreement to buy gold from the listed mining company.
