Banking & Insurance
Peso falls to record low vs USD as Iran retaliates, oil soars
The Philippine peso tumbled to a fresh record low on Thursday, breaching the P60-per-dollar mark, as escalating geopolitical tensions in the Middle East and surging oil prices rattled markets and drove investors toward the safety of the US dollar.
Lender pushes shift from account ownership to active financial use
The Bank of the Philippine Islands (BPI) said financial inclusion in the Philippines should move beyond simply opening bank accounts and focus on helping Filipinos actively use financial services in their daily lives.
Federal Reserve holds rates as risks persist
The Federal Reserve held its benchmark rate at 3.5 percent to 3.75 percent and its chairman, Jerome Powell, said monetary policy is steady for...
BSP monitors Middle East conflict risks ahead of April policy meeting
The Bangko Sentral ng Pilipinas (BSP) said it is closely watching the ongoing conflict in the Middle East as it prepares for its monetary policy meeting on April 23, 2026.
BanKo pumps P23.7B into micro-businesses
BPI Direct BanKo, Inc., the microfinance unit of Bank of the Philippine Islands, continued to expand financial services for underserved Filipinos, particularly self-employed micro-entrepreneurs, in 2025.
