Banking & Insurance
ADB urges bold collective action amid uncertainty at Milan meetings
The Asian Development Bank (ADB) has called for intensified collective action to confront the region’s mounting challenges, framing today’s uncertainty as an inflection point for building a more resilient and sustainable future. Speaking at the Opening Session of ADB’s 58th Annual Meeting of the Board of Governors in Milan, Italy, ADB President Masato Kanda emphasized the urgency of coordinated responses to external shocks, climate change, and debt burdens.
Treasury bill yields edge higher at auction
Average yields on Treasury bills inched higher at Monday’s auction, as global uncertainties continued to damp expectations of a sustained decline in local inflation.
BSP warns against fraudulent use of its name by fraudsters
The Bangko Sentral ng Pilipinas (BSP) has issued a public warning against a fraudulent scheme involving a company identified as UNA Financing Corporation, which has been unlawfully using the BSP’s name, logo, and even the identities of its employees and officers to deceive individuals.
OceanaGold, BSP renew 3-year gold buying deal
OceanaGold (Philippines), Inc. said the Bangko Sentral ng Pilipinas has renewed its 3-year agreement to buy gold from the listed mining company.
ADB expands food security funding to $40B, citing economic and climate pressures
The Asian Development Bank (ADB) has significantly increased its commitment to food and nutrition security across Asia and the Pacific, announcing an additional USD26 billion in support through 2030. This brings the institution’s total food security funding to USD40 billion over the 2022–2030 period.
