The Bank of the Philippine Islands (BPI) reported net income of P48.9 billion for the first nine months of the year, driven by solid loan growth, rising fee revenues, and steady business activity across core segments. Returns stood at 13.6 percent for return on equity and 1.8 percent for return on assets, with earnings tempered by ongoing investments in people, technology, network expansion, and prudent credit provisioning.
The Department of Information and Communications Technology (DICT) and the Social Security System (SSS) have partnered to boost skills training and social security access for Filipino freelancers and online professionals.
The Securities and Exchange Commission (SEC) has issued a public warning against four online lending platforms operating without the required license: Cashai, Cashay Plus: Fast Cash Loan (Early Access), Cash-X: Easy Online Loan App, and Cash A: Easy Online Loan App.
The Bank of the Philippine Islands (BPI) is ramping up its cybersecurity framework and advancing responsible digital banking at a time when digital services have become central to daily financial life.