Banking & Finance

State-owned Land Bank of the Philippines (LandBank) and the Philippine National Police (PNP) have amended their memorandum of agreement (MOA) to simplify pension processing for police retirees. Signed on Aug. 14 at the PNP Headquarters in Quezon City, the updated MOA allows active PNP personnel to retain their existing LandBank payroll accounts as their pension accounts upon retirement. This removes …

Japanese debt watcher Rating and Investment Information, Inc. (R&I) has affirmed the Philippines’ investment-grade credit rating of “A-” with a stable outlook, a move seen by the Department of Finance (DOF) as a strong vote of confidence from international investors. “Isa itong tagumpay na dapat ipagdiwang ng bawat Pilipino. Dahil ibig sabihin nito, nananatiling mataas ang tiwala ng mga credit …

The Bangko Sentral ng Pilipinas (BSP) is expected to continue easing its monetary policy in the second half of 2025 as slowing inflation gives room for more rate cuts, Fitch Solutions unit BMI said in a report Thursday. BMI projected the BSP’s benchmark policy rate to fall to 4.75 percent by yearend, from the current level, as inflation cooled to …

Filipinos’ credit perception index (CPI) score remained broadly stable this year, supported by strong foundational knowledge of credit and modest gains in trust toward financial products, TransUnion Philippines said last week. In its latest annual study, the company reported that the general population’s CPI score stood at 73 out of 100 in 2025, almost unchanged from last year’s 74. The …

E-wallet giants GCash and Maya have vowed to comply with the Bangko Sentral ng Pilipinas’ (BSP) order to sever connections with online gambling platforms. In a statement Thursday, GCash said it will fully support the BSP’s directive by removing links and icons in its app that connect users to gambling sites. “We share the BSP’s commitment to ensuring that digital …

The Development Bank of the Philippines (DBP) is calling on Filipinos to take part in the Bureau of the Treasury’s (BTr) latest Retail Treasury Bonds (RTB-31), saying it’s a safe and rewarding way to grow savings while helping fund the country’s development projects. DBP President and CEO Michael de Jesus said the bonds offer steady returns and low risk, making …

The Asian Development Bank (ADB) has approved a USD400 million loan to help the Philippines tackle hunger, food insecurity, and poor nutrition through the government’s Walang Gutom (Zero Hunger) Food Stamp program. The funding will provide monthly electronic food vouchers to 750,000 food-insecure households nationwide, enabling them to buy healthy and nutritious food.  “With nearly half of Filipinos unable to …

Approved foreign investment pledges in the Philippines surged to ₱67.38 billion in the second quarter of 2025, the Philippine Statistics Authority (PSA) reported. The Authority of the Freeport Area of Bataan, Board of Investments, Bangsamoro Board of Investments, Clark Development Corporation, Clark International Airport Corporation, Philippine Economic Zone Authority, and Subic Bay Metropolitan Authority greenlit the projects. Singapore led all …

Securities and Exchange Commission (SEC) Chairperson Francis Lim on Friday urged finance executives of local firms to help strengthen the country’s market integrity by ensuring strict adherence to governance standards in all transactions. Speaking at the 8th general membership meeting of the Financial Executives Institute of the Philippines (FINEX) in Makati City, Lim said integrity remains “the invisible currency” of …

The Bangko Sentral ng Pilipinas (BSP) is gearing up to launch tough new rules aimed at shielding Filipinos from the growing risks of online gambling. In a statement on Thursday, the central bank revealed that the new framework will enforce strict identity verification measures — including facial recognition — to ensure that only eligible users can access gambling-related services using …