Banking & Insurance
BPI to apply P15 InstaPay fee starting next month
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.
CS Capital completes acquisition of 26% Stake in CSBank
Citystate Savings Bank, Inc. (CSBank) said it has completed the deal with CS Capital Investment Pte. Ltd. (CS Capital), the Singapore-based firm that acquired 43.36 million shares—equivalent to a 26.3 percent stake in the Bank.
Veloso back at GSIS, focuses on member, pensioner benefits
Wick Veloso has resumed his role as president and general manager of the Government Service Insurance System (GSIS), unveiling a set of initiatives aimed at strengthening member services and expanding support for government employees and pensioners.
BSP freezes digital bank licensing starting December
The Bangko Sentral ng Pilipinas (BSP) on Thursday announced it will cease accepting new applications for digital banking licenses starting 01 December 2025, following the Monetary Board’s approval of a fresh moratorium on 18 September 2025.
PH, Singapore begin talks to update 1977 tax pact
The Philippines and Singapore have officially launched negotiations to modernize their 1977 Double Taxation Agreement (DTA), aiming to align the decades-old treaty with current global economic conditions and deepen bilateral investment ties.
