The PhilippineDeposit Insurance Corp. has partnered with the Office of the GovernmentCorporate Counsel (OGCC) to strengthen depositor safeguards and reinforce public confidence in the banking system through enhanced legal support ....
The InternationalMonetary Fund has urged Philippine authorities to pursue gradual fiscal consolidation over the medium term to rebuild fiscal space, support external balance and ensure debt sustainability ....
The country’s balance of payments deficit narrowed in November compared to a year ago as seasonal inflows and easing import payments helped temper external pressures, even as cumulative figures remained in the red ....
Businesses expect to enter the first quarter of 2026 with more cautious hiring and expansion plans amid tighter financial conditions, while households remain hesitant to spend on big-ticket items, the Bangko Sentral ng Pilipinas said ....
The earnings of the Bangko Sentral ng Pilipinas (BSP) dropped by 14 percent to P94.3 billion as of end-September from P109.7 billion a year earlier, weighed down by a sharp fall in miscellaneous income and lower overall revenues ....
Ayala-led Bank of the Philippine Islands has taken the first step toward consolidating two of its savings bank subsidiaries, a move it said would strengthen capital, improve efficiency and enhance customer service across the group ....
The exposure of Philippine banks and trust entities to the volatile property segment eased to 19.54 percent of total assets as of end-September, marking its lowest in two quarters, according to data from the Bangko Sentral ng Pilipinas (BSP) ....