Business

In a firm move to prevent the misuse of digital financial platforms, the Bangko Sentral ng Pilipinas (BSP) is set to implement tighter regulations on payment services related to online gambling. The move comes amid growing public concern over the social and financial consequences of widespread access to gambling platforms. The BSP recently posted a draft circular outlining proposed guidelines …

The Bangko Sentral ng Pilipinas (BSP) is set to issue enhanced guidelines on digitalization for banks before the end of the year, aiming to create a more level playing field across the financial sector. Speaking at the Chamber of Thrift Banks (CTB) convention in Makati City last week, BSP Deputy Governor Chuchi Fonacier emphasized the increasing adoption of digital platforms …

Ensuring reliable access to clean water remains a pressing priority in many parts of the Visayas and Mindanao, where climate change, rapid urbanization, and ecological disruption continue to strain natural water sources. As local governments and communities seek sustainable water management systems, BDO Unibank Inc. is stepping up to support these efforts through long-term financing. One of its key partners …

The Development Bank of the Philippines (DBP) has raised P8.25 billion from its latest dual-tranche bond issuance, surpassing its minimum target of P5 billion as investors showed strong confidence in the state-run bank’s role in advancing the country’s development agenda. The fresh capital, raised under DBP’s expanded P150-billion bond program, was 1.65 times oversubscribed, according to DBP President and CEO …

The Bangko Sentral ng Pilipinas (BSP) recognized 18 outstanding institutional partners of its Head Office during the 2025 Outstanding BSP Stakeholders Appreciation Ceremony (OBSAC) held on 18 July 2025. BSP Monetary Board Member Romeo L. Bernardo, who led the ceremony, said: “We may come from different spaces and bring different approaches, but when we work together, meaningful results follow.” The …

A joint effort by New NAIA Infra Corp. (NNIC), the private operator of the Ninoy Aquino International Airport (NAIA), and San Miguel Corporation (SMC), through its Better Rivers PH, to clean up rivers around NAIA has started to ease flooding in Paranaque City, particularly areas surrounding the airport. This is especially crucial with the onset of the rainy season as …

The Philippines’ balance of payments (BOP), which accounts for the transactions of the country with the rest of the world, registered a surplus of US$226 million in June 2025. This marks a reversal from the US$155 billion deficit recorded in June 2024. The BOP surplus reflected the foreign currency deposits by the national government (NG) with the Bangko Sentral ng …

The Government Service Insurance System (GSIS) has donated ₱400,000 worth of digital learning tools recently to Anahao Primary School in Bontoc, Southern Leyte. “This goes beyond providing equipment. Each device symbolizes hope and our belief that every Filipino child, no matter how remote, deserves equal access to quality education,” said GSIS President and General Manager Wick Veloso. The upland public …

InLife, the largest Filipino life insurer, has announced the election of Atty. Victor P. Lazatin as its new Independent Trustee.  He will fill the seat vacated by former InLife Independent Trustee, Atty Francisco Ed. Lim, who recently assumed his post as the new Chairman of the Securities and Exchange Commission. Atty. Lazatin is a Senior Legal Counsel at Angara Abello …

Solaire Resort, Newport World Resorts and Okada Manila issued on July 12, 2025 the following public statement upholding their commitment to Ethical Business Practices and Responsible Gaming for their Online Gaming platforms. Their collective statrment follows: Solaire Resort, Newport World Resorts, and Okada Manila are operators of the largest integrated resorts  in the Philippines. Each has invested at least USD …