BSP Approves Bank Buffer for Crisis Lending
The BSP has approved a new rule allowing banks to build a special capital buffer that can be released during economic stress to sustain lending to businesses and households.
Category : Banking Finance
Landbank cuts InstaPay fee to P8, offers free daily transfer
Landbank reduces InstaPay P2P transfer fee from P15 to P8, effective May 21, 2026. One free transfer per day for amounts up to P1,000. Move aims to boost digital financial inclusion.
Bataan Bettor Wins PHP115M Grand Lotto Jackpot
A lucky bettor from Bataan won the PHP115 million Grand Lotto 6/55 jackpot. The winning ticket was purchased in Morong, Bataan.
Philippines GIR at $104.3B in April Despite BOP Deficit
The Philippines' gross international reserves settled at US$104.3 billion as of end-April 2026, providing a strong external liquidity buffer despite a widening balance of payments deficit.
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ADB's $1.75B Financing Offer Under Review
The Philippine government is reviewing ADB's $1.75 billion financing offer to ensure it aligns with fiscal and debt management objectives, says Palace official.
Pag-Ibig Fund Q1 2026 Net Income Rises 11% to P16.77B
Pag-Ibig Fund net income rose 11% to P16.77 billion in Q1 2026, boosting capacity for affordable housing loans and homeownership access for Filipino workers.
Tax Relief for Micro Businesses Pushed by Lawmaker
Sen. Sherwin Gatchalian proposes the Ginhawa bill to grant micro-enterprises tax deductions, aiming to ease burdens and boost economic resilience amid Middle East tensions and rising oil prices.
OFW Cash Remittances Hit $2.87B in March, Q1 Up 2.8%
Overseas Filipino cash remittances rose to $2.87 billion in March 2026, pushing Q1 inflows up 2.8% to $8.68 billion, supporting household spending and the economy.
PDIC Awareness Rises to 31% in 2025 Survey
A 2025 survey shows 31% of Filipino adults are aware of PDIC, up from 18% in 2024. Awareness is highest among banked and higher-income groups, with TV and social media as key channels.
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OFW Remittances Hit $2.87B in March 2026
Overseas Filipino remittances reached $2.87 billion in March 2026, with a 2.8% growth in Q1 to $8.68 billion, led by the US, Singapore, and Saudi Arabia.
2M Gov't Workers Get Midyear Bonus May 15
Nearly two million government workers, including military and uniformed personnel, will receive their midyear bonus starting May 15, with PHP73.456 billion allocated for the benefit.
BSP Leads National Strategy for Financial Education
The Bangko Sentral ng Pilipinas is developing the National Strategy for Financial Education to boost financial literacy and health among Filipinos, with stakeholder consultations underway.
BIR Clarifies 2025 AITR Attachments Deadline
The BIR issues RMC 39-2026 clarifying the May 15, 2026 deadline for submitting attachments to 2025 Annual Income Tax Returns, regardless of the e-filing date.
BIR surpasses April revenue goal by 3.12 percent
The BIR exceeded its April gross collection target by 3.12%, reaching P422.378 billion. Commissioner Mendoza credits intensified tax campaigns and digital reforms.
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BDO Rewards: Savings to Discounts, Cashless Perks, Travel Deals
BDO Rewards lets you turn savings into discounts on shopping, dining, and travel. Earn points, go cashless with BDO Pay, and enjoy exclusive travel sale deals.
Cebu Pacific Q1 Revenue Up 10% as Passenger Volume Rises
Cebu Pacific posts 10% revenue growth to P33.3B in Q1 2026, with passenger numbers up 8%. Net loss of P400M due to peso depreciation, but operating income surges 54%.
Pag-IBIG Home Loans Hit ₱32.92B in Q1 2026
Pag-IBIG Fund released ₱32.92 billion in home loans in Q1 2026, up 9% year-on-year, financing 20,926 homes. Socialized housing loans surged 68%, aiding lower-income members.
PH Bank Lending Up 10.7% in March 2026
Philippine bank lending expanded 10.7% year-on-year in March 2026, driven by business loans and consumer credit, supporting production and household consumption.
BSP: Aug inflation seen at 4.1-4.9%
The Bangko Sentral ng Pilipinas projects August inflation between 4.1% and 4.9%, citing faster bank lending and liquidity growth in March 2026.
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Globe Q1 Core Net Income Up 9% on GCash Growth
Globe Telecom reports 5% revenue growth in Q1 2026 to P42B, with GCash parent Mynt contributing 30% of pre-tax income. Core net income up 9% to P4.9B.
TransUnion boosts credit literacy in Philippines
TransUnion Philippines launches Credit Engage to improve credit literacy as 56% of Filipinos plan to apply for new credit, partnering with BSP for education modules.
PhilHealth Eyes Broader Animal Bite, Leptospirosis Benefits
PhilHealth seeks to expand benefits for animal bite victims and leptospirosis, covering more cases and increasing medical aid ahead of the rainy season.
BSP Reaffirms Commitment to ASEAN+3 Regional Cooperation
The Bangko Sentral ng Pilipinas joined ASEAN+3 central banks in reaffirming regional cooperation during the 29th Finance Ministers' and Central Bank Governors' Meeting in Samarkand.
BSP Warns Against Unauthorized Crypto Providers
The Bangko Sentral ng Pilipinas renews its warning against unauthorized virtual asset service providers, citing fraud, cyberattacks, and loss of funds.
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DOLE Urges Firms to Address Wage Distortion Issues
Following recent wage orders, DOLE calls on businesses to resolve wage distortion through employer-worker negotiations, with NCMB assistance available if needed.
EastWest Bank Q1 Net Income Hits P1.9B on Lending Growth
East West Banking Corp. posted a net income of P1.9 billion in Q1 2026, driven by stronger lending and core business growth despite market volatility and global uncertainty.
BDO Life Tops Gen Z Insurance; BDO Foundation Launches Fin-Ed
BDO Life ranks No. 1 in insurance consideration among Gen Z at the 2026 Synergy-YouGov Awards. BDO Foundation partners with BSP and Parañaque for financial education. Mother's Day promo offers SM Gift Pass.
PhilHealth Gets P60 Billion Back from National Treasury
PhilHealth has officially received P60 billion from the National Treasury, following President Marcos' directive. The funds will improve healthcare services and benefit packages.
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.
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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.
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