Banking & Insurance
GSIS expands Balik Ginhawa coverage, clarifies refund guidelines
The Government Service Insurance System (GSIS) has expanded its Balik Ginhawa program to provide greater financial relief for members and pensioners, in line with the directive of President Ferdinand R. Marcos Jr. to deliver more responsive government services.
BSP eyes digital currency to speed up bank transactions and lower costs
The Bangko Sentral ng Pilipinas (BSP) has completed a major assessment of its digital currency pilot, identifying large-value cross-border payments and financial securities settlements as the most promising uses for a wholesale central bank digital currency (wCBDC).
AUB charts AI-driven growth with stronger capital
Asia United Bank (AUB) is accelerating its digital transformation with artificial intelligence, expanded capital, and new financial services as it positions itself for sustained growth amid an economic environment expected to be shaped by inflation and currency volatility.
FCDU loans dip in 1Q; remain key to liquidity management
Foreign Currency Deposit Unit (FCDU) loans edged down 0.8 percent to US$15.44 billion in the first quarter of 2026, a drop of US$122.25 million from the end-2025 level of US$15.56 billion, according to latest data.
BSP-WB effort targets cash-to-digital shift in gov’t
The Bangko Sentral ng Pilipinas (BSP) and the World Bank (WB) are accelerating efforts to shift government payments and collections to digital platforms, aiming to improve service efficiency and financial inclusion. The call came during the forum “Payments for the People,” held in Makati City on May 13, 2026, and attended by government agencies, local government units, and industry partners.
