Treasury bill yields were mixed at Monday’s auction, with shorter-dated debt papers softening following the Bangko Sentral ng Pilipinas' decision to reduce banks’ reserve requirement ratio, effective later this month.
The Bangko Sentral ng Pilipinas invites interested BSP-supervised financial institutions (BSFIs) and third-party providers to participate in a standards consultation for the Philippine Open Finance Pilot (“PH Open Finance Pilot”) to inform the development of open finance technical and operational standards and arrangements.
The Bangko Sentral ng Pilipinas (BSP) sees inflation remaining elevated between 7.5 and 8.3 percent this month, well above the two to four percent target, after hitting a 14-year high of 8.1 percent in December.
Telecom company Globe Telecom has improved its load and promo loan services for Globe Prepaid and TM users, making it easier for Filipinos to stay connected even without mobile balance.
The Committee on Justice of the House of Representatives on Wednesday found sufficient evidence to establish probable cause to support an impeachment complaint against Vice President Sara Duterte, citing allegations of misuse of confidential funds, threats against President Ferdinand Marcos Jr. and his family, and unexplained wealth. The committee report will be elevated to the plenary, where at least one-third of the 316-member House, or 105 lawmakers, must vote to approve the Articles of Impeachment. If approved, the case will be transmitted to the Senate, which will convene as an impeachment court for trial. All 53 members of justice committee present voted in favor of the findings.
Security Bank Corp. On Wednesday announced changes to its board of directors during its annual stockholders’ meeting, along with updates on its performance and plans for 2026.