Banking & Insurance
Digital lender offers high interest savings for MSMEs
CIMB Bank Philippines, recently named the country’s best digital bank by The Asian Banker, has launched CIMB Biz, a new banking segment aimed at supporting micro, small, and medium enterprises (MSMEs) with improved access to formal financial services.
GSIS backs reform agenda with major pension, digital upgrades
The Government Service Insurance System (GSIS) has pledged full support for President Ferdinand R. Marcos Jr. 's call for integrity, prudent investment, and modernization in public service, unveiling wide-ranging reforms aimed at enhancing the welfare of government workers and retirees.
BSP deploys new anti-scam law to probe flood control corruption accounts
The Bangko Sentral ng Pilipinas (BSP) has launched an investigation into bank accounts linked to the recent flood-control corruption controversy, invoking for the first time the newly enacted Anti-Financial Account Scamming Act (AFASA), or Republic Act No. 12010.
PH bonds near inclusion in key global index
The Philippines is now in the final review phase for potential inclusion in J.P. Morgan’s Government Bond Index for Emerging Markets (GBI-EM), a move seen by the Bangko Sentral ng Pilipinas (BSP) as a major step toward attracting more foreign investment and deepening local capital markets.
Barbell approach advised as inflation rises
Manulife Investment Management is advising investors to adopt a barbell investment strategy in response to the unexpected uptick in the country's inflation rate in August. The strategy, aimed at navigating an increasingly uncertain interest rate environment, involves allocating capital to short-term bonds to benefit from immediate policy rate adjustments, while selectively adding long-term bond exposure if inflation expectations remain anchored.
