Tag: UnionBank

The Government Service Insurance System has set aside ₱12.62 million in emergency loans for 485 qualified members and pensioners in Puerto Galera, Oriental Mindoro, which is under a state of calamity due to El Niño-driven dry conditions and water shortages. Eligible active members and old-age or disability pensioners may borrow up to ₱20,000, or up to ₱40,000 to settle existing emergency loans while keeping a net release of ₱20,000. Loans come with a 6 percent annual interest rate, 36-month repayment term, no processing fees, loan redemption insurance, and a two-month grace period for the first payment. Applications will be accepted via the GSIS Touch app until July 24, 2026.

The Bangko Sentral ng Pilipinas (BSP) met with local financial institutions on June 25, 2026, to discuss a key safety measure designed to keep the country's banking system stable during tough economic times.

Jollibee Foods Corp. is preparing its biggest leap yet by exploring a New York listing for its international business. This move could give the Filipino restaurant giant greater firepower to accelerate global expansion and mark another Wall Street milestone for founder Tony Tan Caktiong.

The government is setting a more ambitious investment agenda with the upcoming Strategic Investment Priority Plan (SIPP), targeting P4.5 trillion in investment approvals over the next three years as it seeks to accelerate industrialization and help the Board of Investments (BOI) achieve its P1-trillion approval goal for 2026.