Fourth gas-and-run incident in Quezon City
PNP reports another gas-and-run in Quezon City amid fuel price surge. Suspect left P1,500 unpaid. Charges of theft to be filed.
Category : Banking Finance
Most PH Banks to Keep Lending Standards Steady in Q2
The BSP's Senior Bank Loan Officers' Survey shows most Philippine banks expect to maintain lending standards in Q2 2026, supporting credit growth despite global uncertainties.
4.7M Workers Benefit from Wage Orders
DOLE reports 4.7 million workers benefited from 2025-2026 wage orders, with increases from P20 to P100. Nearly 8.8 million more may benefit from wage distortion corrections.
PhilHealth Expanded Maternity Benefits Now in Effect
PhilHealth reminds the public that expanded maternity benefits are now in effect, covering higher payments for deliveries and new antenatal diagnostics.
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Tax Incentives Proposed for Worker Wellness Programs
Senator Imee Marcos files bill offering tax credits to companies investing in employee health and wellness to boost productivity.
BSP: April 2026 Inflation May Hit 5.6-6.4% on Rising Costs
The Bangko Sentral ng Pilipinas projects April 2026 inflation at 5.6-6.4%, driven by higher fuel, food, and electricity prices, plus peso depreciation.
Palace: BSP Mandated to Stabilize Peso at Record Low
Malacañang reaffirms BSP's role in stabilizing the peso as it hits record lows against the US dollar, citing external factors like a strong dollar and oil prices.
Parañaque Fisherfolk Get Financial Education from BSP, BDO Foundation
A financial education program launched in Parañaque aims to help fisherfolk manage finances better. The partnership involves BSP, BDO Foundation, and the city government.
PIDS Study: Half of Filipinos Still Unbanked Despite Digital Finance Surge
A PIDS study reveals that while digital payments and account ownership have surged in the Philippines, over half of Filipinos remain excluded from formal banking due to structural barriers.
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PhilHealth Maternity Benefits Expanded
President Marcos announced expanded PhilHealth maternity benefits, raising coverage for normal deliveries to P29,000 and cesarean to P58,000-P62,000, effective April 30.
BIR Orders Tax Audit on 9 Businesses Linked to VP Sara
The BIR has authorized tax audits on nine businesses linked to Vice President Sara Duterte and her husband Atty. Manases Carpio, citing sufficient basis for investigation.
RCBC Wins Three Awards at RBI Asia Trailblazer Awards 2026
Rizal Commercial Banking Corporation (RCBC) won three awards at the Retail Banker International Asia Trailblazer Awards 2026, highlighting its innovative products and financial inclusion efforts.
Maya Wins Neobank of the Year at Triple A Awards 2026
Maya has been named Neobank of the Year and recognized for Best Digital Fraud Protection Experience at The Asset Triple A Digital Awards 2026, highlighting its secure and user-centric digital banking services.
Filipino households show cautious optimism in Q1 2026
Consumer confidence improved in Q1 2026 but households turned cautious due to inflation, corruption, and Middle East conflict risks.
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BDO Q1 Profit Up 2% to P20.1 B on Loan Growth
BDO Unibank reported P20.1 billion net profit in Q1 2026, up 2% year-on-year, driven by a 16% loan growth and higher interest income despite global uncertainties.
ABS-CBN Content Revenue Up 5% in 2025, Net Loss Narrows
ABS-CBN's content segment grew revenue 5% to ₱12.59B in 2025, with ad sales up due to elections and hit shows. Recurring net loss narrowed 11% to ₱2.54B.
EastWest Declares P1.8B Cash Dividend
EastWest Bank announces P1.8B cash dividend (P0.82/share) payable May 29, 2026, after posting P9.2B net income in 2025, up 21% year-on-year.
BMI Expects BSP Rate Hike of 25 Bps in June
BMI, a Fitch Solutions unit, expects the BSP to hike rates by 25 bps to 4.75% in June, citing persistent inflation above target due to rising oil prices.
PBCOM Hits Record ₱2.5B Net Income in 2025
Philippine Bank of Communications reports a 15.3% surge in net income to ₱2.5 billion for 2025, fueled by higher interest income and asset sales. The bank's total assets grew to ₱185.3 billion, with plans to expand its branch network.
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PH Credit Rating Stable at BBB, Outlook Turns Negative
Fitch Ratings keeps the Philippines' investment-grade credit rating at BBB but shifts the outlook from stable to negative due to global energy shocks and rising risks, with BSP monitoring inflation and geopolitical impacts.
Villar Family Awaits DOJ Dismissal of SEC Market Manipulation Case
The Villar family and their legal team assert no wrongdoing in the SEC's market manipulation and insider trading complaint, expressing confidence the DOJ will dismiss the charges. Prosecutors caution it's premature to predict the outcome.
Fitch Affirms Philippines' BBB Rating, Outlook Negative
Fitch Ratings affirms the Philippines' BBB investment-grade credit rating but revises outlook to negative due to global energy shocks. BSP Governor Remolana highlights strong growth and vigilant monitoring.
Philippines BOP Deficit in March, Reserves Stay Healthy
The Bangko Sentral ng Pilipinas reported a $2.6 billion balance of payments deficit in March 2026, bringing the year-to-date shortfall to $5.3 billion. Despite a slight dip, gross international reserves remain strong at $106.6 billion, providing ample ext
Only 30% of Filipino Adults Financially Resilient: BSP Survey
The Bangko Sentral ng Pilipinas' 2025 Consumer Finance and Inclusion Survey shows just three in ten Filipino adults can absorb financial shocks, with limited savings and insurance coverage leaving households vulnerable to emergencies.
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PDIC Improves Claim Appeal Process for Denied Deposits
The Philippine Deposit Insurance Corp. introduces a new regulation to streamline the reconsideration process for denied insurance claims, making it more transparent and time-bound.
PDIC and BAIPHIL Partner to Strengthen Depositor Protection
The Philippine Deposit Insurance Corporation and Bankers Institute of the Philippines collaborated in a webinar to enhance depositor protection, discussing the increased Maximum Deposit Insurance Coverage of ₱1 million and its impact on banking confidence
BSP Rolls Out Relief for Banks, Borrowers in Energy Crisis
The Bangko Sentral ng Pilipinas has introduced temporary measures to help banks and borrowers cope with rising energy prices linked to Middle East tensions, including payment grace periods and fee waivers.
BIR March 2026 Revenue Up 11.87% to P198.755 Billion
The Bureau of Internal Revenue collected P198.755 billion in March 2026, an 11.87% increase from 2025, with net revenue rising 6.68% despite higher tax refunds.
PDIC: Insider Abuse Threatens Rural Banks' Public Trust
The Philippine Deposit Insurance Corporation highlights insider abuse as a critical threat to rural banks, urging stronger governance and risk management to protect depositor confidence.
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Mixed Results in Latest Treasury Bills Auction as Rates Decline
The Philippine Treasury bills auction saw mixed outcomes, with the 91-day T-bills fully awarded and rates dropping due to geopolitical and economic factors. The auction raised P32.1 billion, exceeding the initial program.
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