BIR Warns on Fake Tax Payment Reminders Circulating Online
The Bureau of Internal Revenue alerts taxpayers to be vigilant against fraudulent tax payment reminders using its logo, urging verification through official channels.
Category : Banking Finance
Philippine Banking Deposits Hit P20.9 Trillion with Insurance Boost
The Philippine Deposit Insurance Corporation reports a 7.3% rise in banking deposits to P20.9 trillion as of September 2025, driven by a P1 million insurance coverage increase and strong growth in individual and corporate accounts.
BSP Raises Cash Withdrawal Threshold to ₱1 Million
The Bangko Sentral ng Pilipinas has increased the cash withdrawal limit requiring enhanced due diligence from ₱500,000 to ₱1 million to streamline legitimate transactions while maintaining anti-money laundering safeguards.
BSP Raises Cash Withdrawal Due Diligence to P1M
The Bangko Sentral ng Pilipinas has increased the cash withdrawal threshold for enhanced due diligence from P500,000 to P1 million to streamline legitimate transactions while maintaining anti-money laundering safeguards.
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LTFRB Advises Fuel Subsidy Card Validation to Avoid Payout Delays
The LTFRB has advised qualified fuel subsidy beneficiaries to validate or replace their cards promptly to prevent delays in payouts, as President Marcos Jr. announces plans for targeted subsidies amid rising oil prices due to Middle East tensions.
Philippine Banking Deposits Hit P20.9 Trillion with 7.3% Growth
Total deposits in the Philippine banking system rose 7.3% year-on-year to P20.9 trillion as of September 2025, fueled by strong inflows from individuals and corporations, according to PDIC data.
BSP Sees February 2026 Inflation Within 2.3-3.1% Range
The Bangko Sentral ng Pilipinas projects February 2026 inflation between 2.3% and 3.1%, with risks from rice, fish, and energy prices offset by lower costs for vegetables and peso appreciation. Metrobank aligns with a 2.4% forecast, noting base effects an
BDO Unibank Posts Record P87.2 Billion Net Income in 2025
BDO Unibank, Inc. reported a historic net income of P87.2 billion in 2025, marking a 6% increase from the previous year. The bank's strong performance was driven by growth in net interest income, improved asset quality, and successful sustainability initi
Pag-IBIG Fund Declares Record PHP64.34B Dividends in 2025
Pag-IBIG Fund sets a historic high with PHP64.34 billion in dividends for 2025, raising rates for Regular and MP2 Savings programs. The agency's strong financial performance supports affordable housing and member earnings.
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Cebu Rotary Funds Pediatric Heart Surgeries as Costs Rise
The Rotary Club of Cebu is raising funds to finance over 100 pediatric heart surgeries in 2026 through its annual 'Run for Gift of Life' event, addressing affordability gaps in congenital heart disease treatment.
SSS Targets P2 Trillion Fund, Launches Microloan Initiative
The Social Security System projects its reserve fund to hit P2 trillion within three to four years, backed by strong post-pandemic growth and record net income, while introducing a microloan program to combat predatory lending.
BSP Signs Data-Sharing Agreements to Fight Financial Scams
The Bangko Sentral ng Pilipinas has signed information sharing agreements with the NBI, CICC, and SEC to enhance investigations into financial scams and protect consumers under the Anti-Financial Account Scamming Act.
BIR, Treasury, UnionBank Sign Digital Tax Payment Deal
The Bureau of Internal Revenue, Bureau of the Treasury, and UnionBank have signed an agreement to integrate UPay into the national tax collection system, enhancing digital payment efficiency and security for taxpayers.
Pag-IBIG Fund Investment Income Jumps 50% in 2025
Pag-IBIG Fund reports a nearly 50% surge in investment income to P9.43 billion in 2025, boosting assets to P1.23 trillion and supporting affordable housing and member savings programs.
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Filipinos Outside Capital Match Metro in Credit Knowledge, Trust
A new study by TransUnion reveals that Filipinos outside the Greater Capital Region have caught up with those in the capital in credit knowledge and trust, signaling broader participation in the formal credit economy and narrowing regional gaps.
BDO Basic Account: Quick Digital Banking for Filipinos
BDO Unibank introduces the Basic Account, a hassle-free digital banking solution requiring no initial deposit or maintaining balance. Meanwhile, an OFW wins 1 million BDO Rewards Points, highlighting the bank's commitment to supporting savers.
200+ Students Open First Accounts in Youth Financial Inclusion Drive
More than 200 university freshmen at the University of Southern Mindanao in Kabacan, Cotabato, opened their first transaction accounts during a Youth Financial Inclusion Initiative onboarding event on January 30, 2026, aimed at boosting financial health a
BSP Sees Inflation Peak at 3.6% in 2026 Within Target Range
Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. forecasts inflation to peak at 3.6% this year, staying within the 2-4% target. The BSP cut rates to support growth amid economic slowdown.
Metrobank Hits Record P49.7B Income, Declares Dividends
Metropolitan Bank & Trust Co. achieved a historic net income of P49.7 billion in 2025, driven by robust financial performance. The bank approved cash dividends of P5.00 per share for 2026, with strong growth in loans and deposits.
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Sun Savings Bank Posts Strong 2025 Growth in Assets and Profits
Sun Savings Bank achieved solid growth in 2025, with assets rising 10% to P4.5 billion and net income up 17% to P102 million. The bank expanded its loan portfolio and deposits while strengthening its capital base and advancing digital transformation initi
Sun Savings Bank Posts Solid 2025 Growth in Key Metrics
Sun Savings Bank achieved robust growth in 2025, with assets rising to P4.5 billion, loans up 13%, and net income increasing by 17%. The bank strengthened its capital base and advanced digital transformation initiatives.
SSS Reserve Fund Tops P1 Trillion, Sets Record High
The Social Security System's reserve fund exceeded P1 trillion in 2025, marking its strongest financial performance ever, with net income reaching P142.97 billion and total assets at P1.26 trillion.
Landbank Lists ₱50B Asenso Bonds on PDEx, Boosts Investor Access
Landbank successfully lists ₱50 billion Asenso Bonds on PDEx, enabling secondary-market trading and funding sustainable projects. The offering saw record retail participation via mobile app.
PDIC's CLIP 4.0 Streamlines Loan Settlements Indefinitely
The Philippine Deposit Insurance Corp. has indefinitely extended its Closed Bank Loan Incentive Program as CLIP 4.0, simplifying terms to accelerate recoveries and support borrowers of closed banks.
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Metrobank Predicts BSP Rate Cut on Slowing Growth, Inflation
Metropolitan Bank & Trust Co. anticipates a 25 basis point rate cut by the Bangko Sentral ng Pilipinas on Feb. 19, 2026, due to slowing GDP growth and controlled inflation, with potential for further easing if price pressures remain subdued.
Moody's Affirms Philippines' Baa2 Credit Rating
Finance Secretary Frederick D. Go welcomes Moody's positive assessment, citing strong fundamentals and fiscal discipline under the Marcos Jr. administration to drive growth.
PDIC Extends Closed Bank Loan Incentive Program as Clip 4.0
The Philippine Deposit Insurance Corporation has announced the indefinite continuation and simplification of its Closed Bank Loan Incentive Program, now Clip 4.0, offering faster relief to borrowers starting January 1, 2026.
Pag-IBIG Invests P10B in Megawide for Housing Units
Pag-IBIG Fund has invested P10 billion in Megawide Construction Corp. to build over 7,000 socialized housing units in Cavite, supporting the Expanded 4PH program and offering a 9% annual return.
Private Wealth Investors Shift to Selective Strategy for 2026
Metropolitan Bank & Trust Co. reports high-net-worth clients are focusing on specific markets and assets, moving away from broad bets, with equities leading growth and alternatives gaining traction.
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PDIC Supports Senate Bill to Strengthen Deposit Insurance
The Philippine Deposit Insurance Corporation endorses Senate Bill No. 1667, which aims to amend its charter to enhance depositor protection and financial stability through expanded coverage and faster claims processing.
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