Banking & Insurance

The Government Service Insurance System (GSIS) has set aside an additional P1.9 billion in emergency loans for more than 71,000 active members and pensioners in five areas severely impacted by the southwest monsoon (habagat), the Intertropical Convergence Zone, and tropical storms Crising, Dante, and Emong.

CIMB Bank Philippines, recently named the country’s best digital bank by The Asian Banker, has launched CIMB Biz, a new banking segment aimed at supporting micro, small, and medium enterprises (MSMEs) with improved access to formal financial services.

The Government Service Insurance System (GSIS) has pledged full support for President Ferdinand R. Marcos Jr. 's call for integrity, prudent investment, and modernization in public service, unveiling wide-ranging reforms aimed at enhancing the welfare of government workers and retirees.

The Bangko Sentral ng Pilipinas (BSP) has launched an investigation into bank accounts linked to the recent flood-control corruption controversy, invoking for the first time the newly enacted Anti-Financial Account Scamming Act (AFASA), or Republic Act No. 12010.

The Philippines is now in the final review phase for potential inclusion in J.P. Morgan’s Government Bond Index for Emerging Markets (GBI-EM), a move seen by the Bangko Sentral ng Pilipinas (BSP) as a major step toward attracting more foreign investment and deepening local capital markets.