Banking & Insurance

Wick Veloso has resumed his role as president and general manager of the Government Service Insurance System (GSIS), unveiling a set of initiatives aimed at strengthening member services and expanding support for government employees and pensioners.

The Bangko Sentral ng Pilipinas (BSP) on Thursday announced it will cease accepting new applications for digital banking licenses starting 01 December 2025, following the Monetary Board’s approval of a fresh moratorium on 18 September 2025.

The Philippines and Singapore have officially launched negotiations to modernize their 1977 Double Taxation Agreement (DTA), aiming to align the decades-old treaty with current global economic conditions and deepen bilateral investment ties.

Manulife Investment Management is urging investors to adopt a flexible, diversified approach to bond investing, balancing short- and long-duration bonds while closely watching inflation trends and potential policy moves from the Bangko Sentral ng Pilipinas (BSP).

Legazpi Savings Bank (LSB), a subsidiary of the Bank of the Philippine Islands (BPI), has opened three new branch-lite units (BLUs) in Northern Luzon, as part of its ongoing mission to support educators and strengthen communities. The new branches are located in San Fernando (La Union), La Trinidad (Benguet), and Tuguegarao City (Cagayan)—key hubs serving over 85,000 teaching and non-teaching staff and more than 5,000 schools across Regions I and II.