Banking & Insurance
ADB greenlights USD400M push to reform insurance sector
The Asian Development Bank (ADB) has approved a USD400 million policy-based loan to overhaul the Philippines’ insurance sector, with the goal of improving efficiency, encouraging broader participation, and fueling stronger economic growth.
IMF lowers global growth outlook as uncertainty mounts
The International Monetary Fund (IMF) has revised down its global growth forecasts in its October 2025 World Economic Outlook (WEO), reflecting the growing impact of trade protectionism, policy uncertainty, and weakening fundamentals across major economies. Global GDP growth is now expected to slow from 3.3 percent in 2024 to 3.2 percent in 2025, and further to 3.1 percent in 2026—a cumulative 0.2 percentage point drop from earlier pre-policy shift projections.
UAE delegation visits BSP under knowledge exchange program
A high-level delegation from the United Arab Emirates (UAE) visited the Bangko Sentral ng Pilipinas (BSP) as part of the "Philippine Government Experience Exchange Retreat" held recently.
GSIS offers emergency loans for Davao quake victims
The Government Service Insurance System (GSIS) announced its readiness to provide emergency financial assistance to active members and pensioners in Davao Oriental, following the twin earthquakes that recently struck the province and nearby areas.
Treasury bill rates fall after BSP rate cut
Yields on treasury bills fell across the board at Monday’s auction, following the Bangko Sentral ng Pilipinas’ surprise decision to lower its benchmark interest...
