Banking & Insurance

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.

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.