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A service for banking industry professionals · Thursday, March 27, 2025 · 797,496,048 Articles · 3+ Million Readers
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Philippines Banking Industry Newswire

  • Published on 00:55 GMT

    Navigating Wealth Structuring and Globalisation for Filipino Families

    How can Filipino families best manage intergenerational wealth transfer in an increasingly globalised world? That was the central question explored in the second panel discussion at the Hubbis Philippines Wealth Management Forum in Manila on March 19. …

    Source: Hubbis - Neutral
  • Published on Mar 26, 2025

    Expanding financial access for every Filipino

    Economic uncertainties have pushed more Filipinos to consider financial safety nets, yet achieving long-term security remains a challenge. A 2024 industry report found that 43% of Filipinos are seeking passive income sources, 39% are prioritizing emergency …

    Source: Business World - Label Pending
  • Published on Mar 26, 2025

    Strong growth to support Philippine banking sector — Fitch Ratings

    THE PHILIPPINE banking system’s credit profile will likely remain stable on the back of the country’s strong macroeconomic fundamentals, Fitch Ratings said. “Fitch Ratings believes the Philippines’ resilient medium-term economic potential and favorable …

    Source: Business World - Label Pending
  • Published on Mar 26, 2025

    Fitch upgrades viability ratings of PH banks

    Fitch Ratings upgraded the viability ratings of Philippine banks, citing improved financial metrics driven by the country’s robust economic environment over the past three years. The ratings agency forecasts the Philippine economy to maintain its momentum, …

    Source: Manila Standard - Pro-Government
  • Published on Mar 26, 2025

    Chart of the Week: 1 in 4 Filipinos have used BNPL services

    The number of unique users rose by 40% as of end-2024. About 28.4 million Filipinos have used buy now pay later (BNPL) services by end-2024, according to data from UnaCash. This is 40% higher than the 20.3 million unique users reported as of end-2023. This …

    Source: Asian Banking & Finances - Neutral
  • Published on Mar 24, 2025

    Global economic uncertainty weighs on Philippine balance of payments outlook: central bank

    MANILA, March 24 (Xinhua) -- The Philippine central bank on Monday said the country's balance of payments (BOP) position is projected to be weaker in 2025-2026, due to slower global trade and subdued investor confidence linked to increased uncertainty …

    Source: Xinhua News Agency - Gov't Propaganda
  • Published on Mar 26, 2025

    The Philippines: New DICT Head to Accelerate Digital Transformation

    President Ferdinand R. Marcos Jr. on Tuesday swore in Henry Rhoel Aguda as the new Secretary of the Department of Information and Communications Technology (DICT), following the resignation of Ivan John Uy earlier this month. Earlier, in a social media …

    Source: OpenGov Asia - Neutral
  • Published on Mar 26, 2025

    40 rural banks join Higala payments infrastructure

    MANILA, Philippines – Instant payments infrastructure provider Higala is set to launch in July an electronic platform that will initially serve at least 40 rural banks, broadening payment options for the public. Higala CEO Winston Damarillo says that the …

    Source: Inquirer - Neutral
  • Published on Mar 26, 2025

    Fintech Ecosystem in the Philippines Continues to Mature with Streamlined Payments, Steady Remittances, and Digital ...

    The Fintech ecosystem in the Philippines is experiencing a surge in 2025, cementing its role as a key player in Southeast Asia’s financial technology ecosystem. Although a relatively smaller economy in terms of GDP growth and GDP per capita when compared …

    Source: Crowdfund Insider - Neutral
  • Published on Mar 25, 2025

    PDIC shifts to email for notices, communication with banks

    State-run Philippine Deposit Insurance Corp. (PDIC) will require banks to receive official correspondence electronically from April 1, 2025, according to Memorandum No. 2025-02. The PDIC said the move aims to improve communication efficiency. Under the …

    Source: Manila Standard - Pro-Government
  • Published on Mar 25, 2025

    BSP asks banks to report vote buying, selling

    The Bangko Sentral ng Pilipinas (BSP) on Tuesday ordered banks to strengthen their surveillance and monitoring systems against vote buying and selling ahead of the May 2025 elections. BSP Memorandum No. M-2025-006, signed on March 23, 2025, instructs BSP- …

    Source: Manila Standard - Pro-Government
  • Published on Mar 26, 2025

    The offensive-defensive equilibrium

    In one of the favorite sports leagues of most Filipinos, the National Basketball Association (NBA), there are many good teams featuring superstars that provide excellent entertainment, win a lot of games, and make deep playoff runs but unfortunately do not …

    Source: Philippine STAR - Uncategorized
  • Published on Mar 26, 2025

    Filinvest posts record income in 2024

    MANILA, Philippines — Earnings of the Gotianun family’s Filinvest Development Corp. (FDC) soared to a record high level last year following a double-digit improvement across all business segments. FDC booked a net income attributable to equity holders of …

    Source: Philippine STAR - Uncategorized
  • Published on Mar 26, 2025

    BankCom earnings climb 8% to P3.02 billion

    MANILA, Philippines — Bank of Commerce (BankCom), the banking arm of conglomerate San Miguel Corp., reported a net income of P3.02 billion in 2024, driven by higher interest earnings from loans and investments.   The bank’s latest financial statement …

    Source: Philippine STAR - Uncategorized
  • Published on Mar 25, 2025

    Philippines BSP says intervening less in Peso

    Inflation slowed in February and has stayed within the central bank's 2%-4% goal for seven consecutive months. The Philippine peso has gained nearly 1% so far this month against the US dollar, the second best-performing currency in Asia after India…

    Source: Gulf News - Gov't Propaganda
  • Published on Mar 25, 2025

    Bangko Sentral to banks: Watch out for vote-buying red flags

    This is AI generated summarization, which may have errors. For context, always refer to the full article. Under the Philippines' anti-money laundering law, banks and financial institutions are required to report suspicious transactions, such as those …

    Source: Rappler - Neutral
  • Published on Mar 25, 2025

    Overview of Philippine data privacy law and regulations

    Republic Act No. 10173 (RA10173), or the Philippine Data Privacy Act (DPA) of 2012, is the comprehensive law governing personal data privacy protection in the Philippines. The National Privacy Commission (NPC) oversees the law under its implementing rules …

    Source: Law.asia - Neutral
  • Published on Mar 25, 2025

    Trade gap, weaker services blamed for wider Philippine BOP deficit

    More money is expected to flow out of the Philippines over 2025 and 2026, as the country is projected to import more than it exports and the services sector is seen to underperform, according to the Bangko Sentral ng Pilipinas (BSP). “The Philippine …

    Source: Manila Bulletin - Pro-Government
  • Published on Mar 25, 2025

    TransUnion seeks enhanced efforts to bridge credit perception gaps for Filipinos living outside the Greater Capital ...

    By Contributor on March 25, 2025 MANILA – Leading information and insights company TransUnion Philippines says that despite improved attitudes towards credit among general Filipinos, significant credit perception gaps persist, particularly for those living …

    Source: Mindanao Times - Neutral

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