Banking & Insurance
GSIS eases loan penalties to boost borrower flexibility
The Government Service Insurance System (GSIS) has introduced a more borrower-friendly approach to calculating penalties on delinquent loan accounts, aiming to ease financial burdens and encourage timely payments.
YFI initiative launched to empower Filipino youth
The interagency Financial Inclusion Steering Committee (FISC) has launched the Youth Financial Inclusion (YFI) Initiative, aiming to foster greater financial literacy and account ownership among the Filipino youth.
Bank of Commerce launches P5B dual-tranche bonds
Bank of Commerce, the lending affiliate of San Miguel Corp., has launched the public offering for its dual-tranche fixed-rate bonds, aiming to raise at least P5 billion.
EastWest Bank optimistic on corporate sector expansion amid lower interest rates
EastWest Bank is projecting a positive outlook for the corporate sector this year, driven by expected improvements in corporate earnings, lower consumer prices, and a reduction in interest rates by the central bank.
Treasury bill yields eased further at Monday’s auction
The average rates on treasury bills (T-bills) dropped at Monday’s auction, as strong demand pushed yields lower amid expectations of further monetary easing, following President Donald Trump’s call for additional interest rate cuts by the Federal Reserve.
