Government securities yields mostly climbed at Monday’s auction as investors priced in the Bangko Sentral ng Pilipinas’ (BSP) surprise 25-basis-point rate increase, although strong demand continued to underscore ample market liquidity.
Financial independence has long been a personal aspiration for many Filipinos, but experts say achieving it requires more than earning a higher income. The path often begins with building financial security through greater access to financial services and a stronger understanding of money management.
Treasury bill yields ended mixed on Monday as investors weighed the impact of fresh government debt supply against easing inflation concerns following a breakthrough peace agreement in the Middle East that triggered a sharp decline in global oil prices.
The International Monetary Fund (IMF) has urged the Bangko Sentral ng Pilipinas (BSP) to strengthen its legal, operational, and cybersecurity foundations as it advances plans to explore a wholesale central bank digital currency (wCBDC), highlighting the growing complexity of building next-generation financial infrastructure.
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.
Leading Philippine non-life insurance provider PhilFirst has partnered with global InsurTech firm ProTech to roll out next-generation integrated insurance services across the country.
The country's two biggest revenue agencies are stepping up efforts to make exporting faster and less costly, with the Bureau of Customs (BOC) and the Bureau of Internal Revenue (BIR) rolling out reforms aimed at cutting red tape, expanding digital services and improving the ease of doing business.
SmarTrade is widening its social impact efforts by investing in education and sports programs, reflecting a growing trend among financial services firms to strengthen community engagement while nurturing the next generation.
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