Business

Bank deposits in the Philippines surged by nearly double digits, growing 9.8% year-on-year to reach P22.04 trillion by the end of March 2026. According to the Philippine Deposit Insurance Corporation (PDIC), this marked a notable acceleration from the 5.3% growth recorded the previous year, following the doubling of the maximum deposit insurance coverage (MDIC) to P1 million in March 2025. …

For the everyday drivers and riders navigating volatile fuel prices to move people and parcels, perseverance in the face of high costs is a quiet form of heroism. Recognizing this relentless dedication, Lalamove Philippines has launched the second installment of its “Heroes Behind the Wheel” campaign for National Heroes Day. This initiative honors the backbone of its delivery and ride-hailing …

Filipinos saving for retirement now have another option as time deposits have been added to the list of investment products eligible under the Personal Equity and Retirement Account (PERA), according to the Bangko Sentral ng Pilipinas (BSP). The BSP said the move expands the choices available to Filipinos who want to build retirement funds while taking advantage of government tax …

State-run Philippine Guarantee Corporation (PHILGUARANTEE) expanded its support for home financing in the first half of the year, with the value of housing loans it guaranteed reaching ₱313.77 billion, up 9.44 percent from the same period last year. The agency said last week that the increase reflected its broader efforts to make housing credit more accessible, including guaranteed socialized housing …

East West Banking Corporation (EastWest) is seeking to raise about ₱9 billion through a proposed stock rights offering, giving existing shareholders an opportunity to participate in the bank’s next phase of expansion while providing fresh capital for growth. The bank’s Board of Directors approved the proposed offering on Aug. 27, 2026, subject to the filing of required applications and regulatory …

More than 211,000 new accounts have been opened through LANDBANK and the Overseas Filipino Bank (OFBank) without customers presenting or uploading a physical government-issued ID, just a month after the launch of a National ID-enabled digital onboarding service. The milestone highlights the growing demand for faster and more accessible banking services, particularly as government agencies expand the use of digital …

Bank of the Philippine Islands (BPI) is giving its customers a faster way to pay with their smartphones as BPI Debit Mastercard holders can now link their cards to Google Wallet and use Google Pay for everyday purchases. Rolled out on April 15, the service allows Android users with NFC-enabled smartphones to make contactless payments without having to pull out …

At a crowded resort pool or along a busy beachfront, an emergency can unfold without a shout. A person experiencing drowning may be unable to call for help or wave their arms. By the time distress is noticed, the lifeguard, security officer, pool attendant, or guest service employee nearby may become the first person expected to act. Recognizing this vital …

For the first time in three months, the  Philippines’ balance of payments (BoP) position dived to a new low last July,  the Bangko Sentral ng Pilipinas (BSP) has confirmed. According to the data released last Wednesday by the BSP, the  country’s BoP position stood at a $1.47-billion deficit in July, a reversal from the $3.403-billion surplus in June. Year on …

The installation of solar power systems is now easier for households, small businesses, and medical facilities, as the Department of Energy (DOE) has reduced regulatory requirements and simplified the application processes. 

 In a news release on Thursday, the DOE said Department Circular DC2026-08-0017 covers two categories of own-use solar installations – the Self-Generating Facility Zero-Export Solar Systems (SGF ZESS) …