The Bank of the Philippine Islands (BPI) reported a net income of ₱16.6 billion for the first quarter as strong revenue growth offset increased operating expenses and provisions for credit losses.
Most banks, e-wallet providers, and electronic money issuers (EMIs) have successfully aligned their operations with the Bangko Sentral ng Pilipinas (BSP) Circular No. 1238.
Foreign business groups welcomed President Ferdinand R. Marcos Jr.'s fifth State of the Nation Address, saying it reflected many of the private sector's long-standing policy recommendations, while urging the government to shift its focus from announcing reforms to delivering measurable results.
China Bank Savings (CBS) has reopened its upgraded Automatic Payroll Deduction (APD) Lending Center in Malolos, Bulacan, as the thrift bank strengthens its footprint outside Metro Manila and deepens its focus on serving the country's education sector.