Banking & Insurance
Over 132,000 public school buildings nationwide to be insured by GSIS starting 2024
The Government Service Insurance System (GSIS) has announced providing fire insurance for more than 132,000 public school buildings under the Department of Education (DepEd) nationwide.
Monetary board maintains policy settings
The monetary board of the Bangko Sentral ng Pilipinas (BSP) at its final rate-setting meeting this year opted to keep the benchmark interest rate or its target reverse repurchase (RRP) rate unchanged at 6.50 percent.
ACEN Corp. draws P11 billion in sustainability-linked loan from ADB, BPI
The Asian Development Bank (ADB) and the Bank of the Philippine Islands (BPI) have extended ACEN Corp. an P11-billion sustainability-linked loan to finance its solar projects.
IMF chief says rules, infrastructure needed to prevent crypto risks
The head of International Monetary Fund (IMF) said on Thursday that crypto currencies need to be regulated with rules and infrastructure because they pose risks to financial stability.
Consumer loans eases to 22.8 percent in October
Consumer loans continued to expand in October this year but at a slower pace of only 22.8 percent from 23.5 percent in September, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday.
