BSP hikes key rate to 4.75% as inflation pressures persist
The Bangko Sentral ng Pilipinas raised its benchmark interest rate by 25 basis points to 4.75% to curb inflation driven by global oil and fertilizer prices.
Category : Banking Finance
GCash parent Mynt gets board approval for IPO
Mynt, the fintech behind GCash, secured board and shareholder approval to pursue an IPO, covering 12% of outstanding shares, subject to regulatory and market conditions.
Cebu Launches First Province-Led Transport Subsidy
Cebu province launches the first province-led public transportation subsidy program in the Philippines, 'Tabang Pangbyahe,' with a P20-million fund from DOTr to improve safety, comfort, and reliability.
GCash parent Mynt files for IPO, offering 12% of shares
Mynt, the fintech behind GCash, announces IPO plans with a 12% share offering, pending SEC and PSE approvals.
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Transmission charges down 9.33% in June 2026 billing
Overall transmission charges for power consumers decreased by 9.33% to P1.4492/kWh in May 2026, due to lower wheeling and ancillary services rates.
Build Emergency Funds for Financial Security Against Life's Storms
Learn why emergency funds are crucial for financial security and how to start saving in banks to weather life's unexpected storms, as highlighted by PDIC's DPAW campaign.
SM Retail Wins NPC Compliance Excellence Award at Data Privacy Conference
SM Retail receives NPC Seal of Registration Compliance Excellence Award for Private Sector at National Data Privacy Conference, affirming its commitment to data privacy.
Widow of PhilHealth member to meet CEO over denied benefits
Maria Lourdes Sulit will meet PhilHealth CEO Dr. Edwin Mercado after her viral post about her husband's denied benefits due to a 24-hour confinement rule.
Landbank, PCCI Partner to Boost MSME Financing in PH
Landbank and PCCI have formalized a partnership to expand financial access for MSMEs through the Lifting MSMEs Lending Program, aiming to support business growth and competitiveness nationwide.
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Robinsons Supermarket Opens New Cebu IT Park Store
Robinsons Supermarket expands in Cebu with a new store at Filinvest Shoppes Cebu IT Park, offering fresh, healthy, and affordable choices for modern Cebuanos.
Ateneo de Davao gives full scholarships to Baterbonia siblings
Ateneo de Davao University awards full scholarships to the six siblings of late MVP Rene Clert Baterbonia, fulfilling his dream for their education.
BIR prepares for proposed QDMTT implementation
The Bureau of Internal Revenue has begun preparations for the proposed Qualified Domestic Minimum Top-Up Tax, aiming to ensure multinationals pay minimum tax in the Philippines.
Middle East Oil Crisis Drives MSMEs to Seek Financing Aid
The DTI reports that the Middle East oil crisis has pushed MSMEs to seek financing support. The MSME Business Fund offers loans up to P20,000 with easy online access.
18 Ex-Marines to Submit New Affidavits to Senate Probe
Attorney Levi Baligod announces 18 former Philippine Marines will submit more complete individual affidavits to the Senate Blue Ribbon Committee amid flood control project anomalies.
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House OKs Free Exams for Indigent Filipinos
The House passed HB 8869 on third reading, granting free PRC, CSC, and Bar exams to indigent Filipinos and IPs, aiming to remove financial barriers to professional careers.
Etiqa Philippines Paid P3.8B Claims, Boosts Trust in 2025
Etiqa Philippines paid P3.8 billion in claims and over P600 million to healthcare providers in 2025, reinforcing trust and improving customer experience. Backed by Maybank Group.
NCR Wage Board to Hear 14 Wage Petitions on June 18
The RTWPB-NCR will deliberate 14 wage petitions seeking pay adjustments from P200 to P842. A public hearing is set for June 18 in Pasay City.
BSP Sees May 2026 Inflation at 7.1-7.9%
The BSP expects May 2026 inflation between 7.1% and 7.9%, driven by higher food prices and peso depreciation. MSMEs remain cautious amid weak demand.
DSWD 7 Financial Scam Awareness for 4Ps Beneficiaries
DSWD 7 conducted a Family Development Session in Barangay Basak, Lapu-Lapu City to educate 4Ps beneficiaries on identifying and avoiding financial scams, protecting their cash grants.
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Cebu City SK Officials Face Complaints Over Neglect and Funds
Cebu City Council refers complaints against Labangon and Duljo-Fatima SK officials for administrative neglect and financial mismanagement, including unliquidated funds and skipped assemblies.
BIR Files Tax Evasion Cases Over P58.5M
The BIR filed criminal complaints against three companies and an individual for unpaid taxes totaling P58.5 million, covering deficiencies from 2017 and 2019.
BDO Insure Pet Insurance and Remittance Partnership News
BDO Insure launches pet dog and cat insurance starting at P560/year. BDO and Mastercard celebrate 20-year remittance partnership serving 4M overseas Filipinos.
BIR: Jackpot prizes subject to final withholding tax
The BIR has clarified that jackpot prizes from casinos and gambling are subject to final withholding tax, issuing Memorandum Circular No. 57-2026 to define winnings and tax rates.
Vivant Backs Review of Electricity Taxes to Cut PH Power Costs
Vivant Corp. supports proposals to review taxes and charges in electricity bills, saying these contribute to the Philippines' high power costs and weaken competitiveness.
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Lawmakers Seek Tax Relief, Subsidy for Filipino Workers
Two lawmakers push separate measures to ease financial burden on Filipino workers amid rising inflation and slower economic growth, including higher tax exemption and monthly subsidy.
BSP Pledges Wider Financial Access After Survey Rise
BSP Gov. Eli Remolona Jr. vows to broaden financial services after SWS survey shows 58% of Filipino adults own accounts, up from 51% in 2025.
738 Jeepney Drivers Get TUPAD Tuloy Pasada Aid
738 jeepney drivers in Angeles City receive temporary employment aid under DOLE's TUPAD Tuloy Pasada program, earning ₱18,600 for 31 days to offset rising fuel costs.
Sun Savings Bank Capital Up 35%, Net Income Soars 79%
Sun Savings Bank shareholders increased paid-up capital by 35% to P600M. First-quarter net income surged 79% to P40M, with ROE at 22.9%. Total assets rose 12.4% to P4.6B.
Rising Healthcare Costs Boost PH Employee Medical Benefits
Rising healthcare costs in the Philippines drive companies to strengthen employee medical benefits. HMO assets grew 15.95% to P101.44B in Q1 2026, with net income surging over 40%.
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58% of Filipino adults own formal financial accounts
A recent SWS survey shows 58% of Filipino adults own formal financial accounts, up from 51% in 2025. The BSP continues to promote inclusion through education and the Paleng-QR Ph Plus initiative.
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