Banking & Insurance

As the country marks Life Insurance Month, BDO Life emphasizes the growing need to prepare for life’s contingent risks by securing adequate insurance cover. Highlighting that life insurance remains one of the most affordable ways to protect one’s future, BDO Life encourages Filipinos to view it as a vital "Plan B"—a safeguard when unexpected events like illness, accidents, or loss of life disrupt their primary plans.

The country's manufacturing index or the PMI proved little changed in August, to 50.8 during the month from a three-month high of 50.9 in July, indicating continued growth in the sector closely watched by the Bangko Sentral ng Pilipinas (BSP) as one of a number of guides for monetary policy crafting.

The Bangko Sentral ng Pilipinas (BSP) has extended its moratorium on the issuance of new licenses for virtual asset service providers (VASPs) indefinitely, while simultaneously warning the public against engaging with unregistered or unauthorized VASPs.

The International Finance Corp. (IFC) has provided a P12.87 billion (US$225 million) sustainability-linked loan (SSL) to Ayala Land, Inc. (ALI) to support the development of green, resilient buildings in the Philippines.

BDO Unibank (BDO) and the Commission on Filipinos Overseas (CFO) have formalized their partnership to provide permanent migrant Filipinos with easier access to information, services, and guidance through financial literacy programs.