Banking & Insurance
BOP surplus expands in August
The Philippines posted a balance of payments (BOP) surplus of US$359 million in August 2025, significantly higher than the US$88 million surplus posted in the same month last year, according to the Bangko Sentral ng Pilipinas (BSP).
BPI extends ₱7.4B funding for major solar project in Zambales
The Bank of the Philippine Islands (BPI) has signed a ₱7.4 billion project finance deal with AP Renewable Energy Corp., a subsidiary of Aboitiz Renewables, Inc., to fund a 221-MWp solar power plant in Olongapo, Zambales.
BSP tightens rules on large cash transactions
The Bangko Sentral ng Pilipinas (BSP) has issued new regulations requiring that large cash transactions exceeding ₱500,000 (or its foreign currency equivalent) be processed through traceable financial channels, as part of efforts to combat money laundering and enhance financial system integrity.
BPI targets gig economy with new insurance plan
The Bank of the Philippine Islands (BPI), in partnership with BPI MS Insurance, has launched BPI Freelancer, a personal accident insurance product specifically designed for freelancers, consultants, digital nomads, and self-employed professionals. The service reflects BPI’s growing focus on inclusive financial solutions for non-traditional workers who typically lack access to formal employment benefits.
BSP hub attracts 6,000+ visitors since May opening
The Bangko Sentral ng Pilipinas (BSP) Hub has welcomed over 6,000 visitors since opening its doors to the public in May 2025. Located at the BSP Head Office along Roxas Boulevard in Manila, the Hub serves as a centralized venue for the BSP’s public-facing services.
