Tag: Philippine Open Finance Pilot

The Asian Infrastructure Investment Bank (AIIB) has committed about USD200 million in potential financing for a Metro Manila “Sponge City” project designed to strengthen the capital region’s defenses against increasingly severe flooding.

The Bank of the Philippine Islands (BPI), on its 175th anniversary, is rolling out enhanced benefits under its BPI Auto Loan Dream More Deals to make car ownership simpler, more affordable, and free from unexpected costs. Eligible customers can now secure up to five years of complimentary car insurance alongside significant fee waivers and lower interest rates, designed to remove common financial concerns that come with owning a vehicle.

The Bureau of Internal Revenue (BIR) is preparing a circular to remove value-added tax (VAT) on allowable system loss charges, a move that could help lower electricity bills for consumers.

The Social Security System (SSS) paid P205.56 billion in benefits to members, pensioners, and beneficiaries in the first seven months of 2026, as contribution collections continued to provide the bulk of funding for payouts.