Banking & Insurance
Priority banking, special deposit rates extended to SRRV retirees
Security Bank Corporation has entered into an agreement with the Philippine Retirement Authority (PRA) to extend priority banking privileges and a special time deposit rate to foreign and returning Filipino retirees applying for the Special Resident Retiree’s Visa (SRRV).
Metrobank cuts transfer fee to P8, making digital transfers cheaper
Metropolitan Bank & Trust Co. (Metrobank) will lower its InstaPay transfer fee to P8 per transaction starting February 1, 2026, marking the lowest rate the bank has offered for the service and replacing the previous P25 charge.
Security Bank leads ₱2-B financing for solar project in Isabela
Security Bank Capital Investment Corp., together with parent company Security Bank Corp., has led and completed a ₱2.015-billion project financing for Solar Valley Energy Solutions, Inc., a 65-megawatt peak ground-mounted solar power project in San Pablo, Isabela.
Fed holds rates, keeps caution dialed
The US Federal Reserve kept interest rates unchanged on Wednesday, signaling confidence in the economy’s underlying momentum while resisting growing political pressure to ease policy.
PCC clears insurance merger reshaping market
The Philippine Competition Commission (PCC) has approved the merger of FPG Insurance Co. Inc. and The Mercantile Insurance Company, Inc., clearing the way for one of the most significant consolidations yet in the country’s non-life insurance sector.
