Banking & Insurance
PNB, PANELCO III seal retirement fund deal
The Philippine National Bank (PSE: PNB), through its Trust Banking Group, has partnered with Pangasinan III Electric Cooperative (PANELCO III) to establish a retirement program for the cooperative’s 346 employees.
BSP sees low September inflation
The Bangko Sentral ng Pilipinas (BSP) expects inflation in September to range between 1.5 percent and 2.3 percent, with price pressures from more expensive rice, fish, and domestic fuel likely to be partly offset by declines in vegetable and meat prices and lower electricity rates.
PH as net debtor vs net investor status widens in 1Q 2025
The country's net external liabilities increased by 5.4 percent in the first quarter of 2025, reaching ₱3.7 trillion from ₱3.5 trillion in the previous quarter, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP) under the balance sheet approach (BSA).
REIT push targets OFWs in Europe
A private sector initiative led by the Systembrand Group is driving efforts to increase overseas Filipino workers’ (OFWs) participation in the Philippine capital market, with a focus on real estate investment trusts (REITs).
Victor Lee to succeed Sanjiv Vohra as Security Bank CEO
Security Bank has named Victor Lee Meng Teck as its incoming president and chief executive officer (CEO), effective in early January 2026. Lee, a seasoned Singaporean banker with over 30 years of experience, will succeed Sanjiv Vohra, who has led the bank through significant transformation during his tenure.
