Tag: BSP

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GCash ditch SMS codes in major anti-fraud push

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.

Transport costs cool, but core inflation firms in May

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).

Strong demand steadies T-bill yields amid inflation worries

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.

Philippines keeps strong dollar buffer despite risks

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.

T-bill yields rise as inflation pressure builds

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.

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Cebu Pacific opens one-stop service center for OFWs at MCIA Terminal 2

Cebu Pacific (CEB) has launched the new OFW Facilitation Center at Mactan-Cebu International Airport (MCIA) Terminal 2, aimed at making essential travel and government services easier to access for overseas Filipino workers before departure and upon arrival.

MORE’s modernized power grid saves Iloilo from massive outages

Iloilo's modernized power grid may have spared the city the worst of a two-month wave of Visayas outages, a new economic report suggests. 

ERC reforms seek to spur next investment wave

The Energy Regulatory Commission (ERC) is rolling out regulatory reforms aimed at unlocking fresh investments in the power sector, easing grid bottlenecks, and accelerating the Philippines' shift toward renewable energy as electricity demand continues to climb.

NKTI expansion targets regional lead in dialysis care

The National Kidney and Transplant Institute (NKTI) is on track to become Southeast Asia's largest dialysis center after President Ferdinand R. Marcos Jr. ordered the accelerated completion of its new 13-story Hemodialysis Building, a project aimed at expanding access to specialized kidney care amid the country's growing burden of chronic kidney disease (CKD).

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