Banking & Finance

The Bangko Sentral ng Pilipinas is urging businesses to actively promote the Personal Equity and Retirement Account (PERA) program, highlighting its tax incentives and long-term benefits for both employers and workers. BSP Deputy Governor Lyn Javier said in a statement that encouraging PERA participation can help employees build stronger retirement savings while also improving workplace retention and satisfaction. “By promoting …

The Land Bank of the Philippines has reduced its InstaPay transfer fee for person-to-person transactions from ₱15 to ₱8, in a move aimed at making digital financial services more affordable and widely accessible. The new rate took effect on May 21 and applies to transfers made through the Landbank Mobile Banking App and iAccess platform. To further ease costs for …

The Philippine Deposit Insurance Corporation (PDIC) will dispose of 44 real properties across Visayas and Mindanao through an electronic public bidding (e-bidding) scheduled next month, as part of its continuing effort to liquidate assets of closed banks. In a statement last week, PDIC said bid submissions will be accepted from 9 a.m. on June 17 until 1 p.m. on June …

The Metropolitan Bank & Trust Company is boosting returns for savers by increasing the interest rate of its Online Time Deposit (OTD) to as high as 5% per annum, as more Filipinos seek safer and more structured ways to grow their money amid rising living costs. The bank said the higher rate is intended to encourage disciplined saving and help …

East West Banking Corporation has gathered its Priority clients for an exclusive market briefing titled “Partnership Perspectives: Guiding You Through Today’s Markets,” aimed at providing timely investment insights amid global economic uncertainty. The session featured an outlook from Chief Investment Adviser Bede Gomez, who discussed major global risks such as geopolitical tensions, oil price fluctuations, and persistent inflation pressures that …

The Asian Development Bank (ADB) has entered into a Risk Participation Agreement (RPA) with the Philippines’ Security Bank Corporation to expand access to supply chain financing for small and medium enterprises (SMEs) in the country. The agreement marks the first RPA between ADB and a Philippine bank and is expected to strengthen liquidity support for local suppliers through the bank’s …

The Bangko Sentral ng Pilipinas (BSP) said last week it will release this year a National Strategy for Financial Education (NSFE) aimed at strengthening the financial literacy and resilience of Filipinos. In a statement, the central bank said the strategy is currently being refined through nationwide consultations with stakeholders from government, the private sector, civil society, and development institutions. The …

The Philippine National Bank (PNB) has expressed support for the Bangko Sentral ng Pilipinas’ issuance of the ₱10 ASEAN commemorative coin, which began circulating nationwide in January 2026 to mark the Philippines’ chairmanship of the Association of Southeast Asian Nations. The initiative, issued under Memorandum Circular Letter No. CL-2025-049 from the BSP Regional Operations and Advocacy Sector, calls on banks …

The Development Bank of the Philippines (DBP) has relocated its branch-lite unit (BLU) in Naga City, Cebu to a more strategic site to improve access and convenience for its clients. DBP President and Chief Executive Officer Michael O. de Jesus said the transfer of the DBP Naga branch-lite unit to the Naga City Hall Building in Purok Diamond, Barangay East …

The Bangko Sentral ng Pilipinas has pledged to take necessary policy actions to bring inflation back to target levels, as price pressures continue to accelerate due to higher global fuel and food costs. In a statement Tuesday, the central bank said it remains committed to its mandate of maintaining price stability and ensuring inflation returns to its 3-percent target within …