Banking & Insurance
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.
GSIS opens new Baguio branch
The Government Service Insurance System (GSIS) has inaugurated its new Baguio branch office, marking a significant investment in infrastructure and digital service delivery for over 40,000 members and pensioners in the Cordillera region.
