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Thursday, 31 July 2025, 4:54 pm

    Banking & Insurance

    UnionBank 1Q net profit fall on one-off items; revenue up 8.4%

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    UnionBank of the Philippines reported P19.4 billion in revenue for the first quarter, an 8.4 percent year-on-year growth. The bank’s performance continues to be driven by a thriving consumer business, expanding net interest margin, and rising fee-based revenue.

    CIMB resolves unauthorized transfers as BSP ensures oversight and consumer protection

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    CIMB Bank Philippines reported having fully resolved an incident involving unauthorized fund transfers that occurred on the night of 26 April, with all affected customers now reimbursed, the bank announced on Sunday.

    GSIS surpasses insurance targets third time still

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    The Government Service Insurance System (GSIS) again exceeded its non-life insurance premium target, collecting ₱10.5 billion in 2024 against the goal of only ₱8.9 billion.

    BSP expands FX hedging tools to boost capital markets

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    The Bangko Sentral ng Pilipinas (BSP) has approved sweeping reforms to foreign exchange (FX) regulations aimed at enhancing risk management options for market participants and supporting the development of the country’s capital market.

    ADB mobilizes $39.2B in 2024 to boost growth and resilience in Asia-Pacific

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    The Asian Development Bank (ADB) committed a record USD39.2 billion in 2024 to tackle critical development challenges across Asia and the Pacific, underscoring its growing economic influence and strategic shift toward more impactful, resilient investments.
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    Context.ph

    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

    The latest

    Banking & Insurance

    Non-bank finance players deepen economic reach

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    The other financial corporations (OFCs), a key segment of the Philippine financial system outside traditional banks, insurers, and pension funds, expanded their domestic assets to ₱10.6 trillion in the first three months this year, reflecting a 4.9 percent increase quarter-on-quarter and a robust 14.6 percent growth year-on-year, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
    Agriculture

    Agri damage from typhoons, monsoon hits P3B

    0
    Damage to agriculture from the combined effects of Typhoons Crising, Dante, and Emong, along with the southwest monsoon (habagat), has reached ₱3 billion, according to a 31 July advisory from the Department of Agriculture (DA).
    Agriculture

    Gov’t pushes RICE Act to counter RTL impact

    0
    The Department of Agriculture (DA) is calling for urgent amendments to the Rice Tariffication Law (RTL), warning that the current structure threatens the survival of the local rice industry even with positive production forecasts for the year.
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