The Philippines’ foreign currency reserves remain adequate to cover import requirements and external debt payments despite declining to US$99.5 billion in September, the Bangko Sentral ng Pilipinas (BSP) said. The latest gross international reserves (GIR) level was down from US$104.85 billion in August and US$109.1 billion in September last year, according to data released by the central bank. The BSP …
Read More »
The Bank of the Philippine Islands (BPI) has appointed consumer banking chief Maria Cristina “Ginbee” Go as its next president and chief executive officer, effective April 26, 2027, succeeding Jose Teodoro “TG” Limcaoco. In a statement, BPI said Go, currently an executive vice president, has helped modernize its consumer banking business, expand its retail presence and strengthen the integration of …
Read More »
The Development Bank of the Philippines (DBP) said it has addressed audit observations concerning aspects of its 2025 operations, reaffirming its commitment to transparency, accountability and the prudent management of public funds. In a statement, the state-owned lender said recent media reports had focused on selected portions of the Commission on Audit’s (COA) Audit Observation Memoranda (AOMs) without fully considering …
Read More »
Security Bank Wealth has partnered with St. Luke’s Medical Center to provide clients with concierge healthcare services aimed at simplifying hospital visits and improving access to medical care. Through the hospital’s Corporate Business Center, clients can receive assistance with appointments, specialist referrals, and scheduling consultations and diagnostic procedures. The partnership also provides access to an executive lounge and dedicated guidance …
Read More »
EastWest has opened a new banking store in Cebu IT Park, combining digital self-service facilities with personalized assistance to provide customers with more flexible and convenient banking options. Located in one of Cebu’s major business and lifestyle districts, the new store allows customers to handle routine transactions, seek financial advice and explore wealth management services in one location. The facility …
Read More »
Women-owned and women-led micro, small and medium enterprises (MSMEs) can obtain additional financing support under a new government initiative that raises loan guarantee coverage to help address barriers to credit access. The Philippine Guarantee Corporation (PHILGUARANTEE) has launched a 60-day promotional program granting qualified businesses an additional five percentage points in guarantee coverage under its MSME Credit Guarantee Facility (MCGF). …
Read More »
Philippine National Bank (PNB) is expanding investment opportunities for Filipino clients through a partnership between its subsidiary, PNB Securities Inc., and ATRAM Trust Corp. to provide broader access to professionally managed financial products. The institutions formalized their agreement through an Institutional Trust Agent partnership during a signing ceremony at ATRAM’s office in Rockwell, Makati City. The arrangement combines PNB’s banking …
Read More »
More than 20,000 students and 700 educators across seven areas in the Philippines are gaining wider access to digital learning resources through a computer donation program of BDO Foundation. The initiative provided more than 180 desktop computers and laptops to 13 schools and learning institutions in Leyte, Bulacan, Catanduanes, Quezon City, Pasay City, Taguig City and Valenzuela City. The donated …
Read More »
China Banking Corp. (China Bank) has named longtime leader Gilbert U. Dee as chairman emeritus following his decision to relinquish key governance positions within the banking group effective Oct. 7, 2026. Dee stepped down as the bank’s vice chairman and chairman of subsidiary CBC Properties & Computer Center Inc., concluding a 57-year tenure with the group that included 22 years …
Read More »
The Land Bank of the Philippines (LANDBANK) has stepped up its partnerships with key businesses and producers in Cebu to expand financing access and banking services for industries driving economic growth across the Visayas. During engagements on Oct. 1 and 2, the state-owned bank met with representatives from the cooperative, logistics, shipping and fisheries sectors to discuss financing opportunities and …
Read More »
The Market Monitor Minding the Nation's Business