GCash will complete its transition from SMS-based one-time passwords (OTPs) to in-app authentication by June 22, marking a major cybersecurity upgrade aimed at protecting millions of users from phishing attacks and online fraud.
Philippine headline inflation eased to 6.8 percent in May from 7.2 percent in April, coming in below the Bangko Sentral ng Pilipinas’ (BSP) projected range of 7.1 percent to 7.9 percent as transport costs and food price increases moderated, according to data released Friday by the Philippine Statistics Authority (PSA).
Treasury bill yields were mixed at Monday’s auction as robust investor demand helped temper the impact of mounting inflation concerns on short-term government debt.
The Philippines maintained a strong external financial buffer as gross international reserves (GIR) settled at USD104.1 billion as of end-April 2026, giving the country ample protection against global market volatility, rising import costs and external debt pressures.
Average rates on Treasury bills climbed at Monday’s auction as investors demanded higher returns, adjusting to expectations of further monetary tightening by the Bangko Sentral ng Pilipinas amid rising inflation pressures.
President Ferdinand R. Marcos Jr. has reappointed Walter C. Wassmer and Jose L. Querubin as members of the Bangko Sentral ng Pilipinas (BSP) Monetary Board, the central bank’s highest policy-making body.
BDO Pay is launching a range of limited-time promotions and features to help users get more value from their regular spending, with discounts, freebies, and rewards available across dining, shopping, and bill payments.
Over 9,900 agrarian reform beneficiaries (ARBs) across the Bicol Region now fully own their farmland and are relieved from more than ₱418 million in unpaid debts, the Department of Agrarian Reform (DAR) announced Thursday.
The Philippines and Canada have elevated their bilateral relationship to a Strategic Partnership, signaling a broader push to deepen trade, investment and labor cooperation as both countries target the completion of negotiations for a bilateral free trade agreement (FTA) before the end of the year.