Banking & Insurance

GoTyme Bank has introduced a new policy granting all its customers 20 free InstaPay transfers per month to nearly all banks and e-wallets—significantly undercutting the P15 to P25 fees typically charged by traditional banks and digital wallets for similar services.

The Australian Embassy in the Philippines has announced a US$3 million (₱172 million) loan to ARQ SME Finance, a female-led lender, to boost access to capital for small businesses—particularly those led by women.

Finance Secretary Ralph G. Recto has pledged to ensure that every peso of the proposed P6.793-trillion National Expenditure Program (NEP) for 2026 is spent wisely, vowing strict oversight to prevent waste and corruption.

The Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) has imposed maximum administrative penalties on two former supervisors found guilty of falsifying employee attendance records—marking a strong enforcement of its integrity policies.

Yields on Treasury bills continued to ease at Monday’s auction, following the Bangko Sentral ng Pilipinas’ (BSP)decision last week to lower benchmark interest rates.