Bangko Sentral ng Pilipinas Governor (BSP) Eli Remolona Jr. expects a broader wave of lenders to slash or eliminate fund transfer costs, following aggressive fee waivers by some of the country’s largest banking institutions ahead of a strict weekend regulatory deadline. Speaking at a BSP book...
Department of Finance (DOF) Secretary and Land Bank of the Philippines (Landbank) Chairman Frederick D. Go has praised the move by Ayala-led Bank of the Philippine Islands (BPI) to waive electronic fund transfer fees across its digital channels, describing it as a step toward eliminating banking...
Ayala-led Bank of the Philippine Islands (BPI) will permanently eliminate transaction fees for digital fund transfers via InstaPay and PESONet starting July 1, following the central bank 's lifting of its cap on electronic payment pricing. The oldest lender in the Philippines is moving to...
BPI Wealth, the wealth management arm of Ayala-led Bank of the Philippine Islands, is launching peso-denominated share classes for two of its major global investment funds to capture retail interest in the artificial intelligence (AI) and technology rally currently driving United States (US) equity...
The Bangko Sentral ng Pilipinas (BSP) will look into the recent digital banking outage of the Bank of the Philippine Islands ' (BPI), and will impose accountability. What Happened BPI first flagged trouble with its systems through an advisory issued Sunday afternoon, June 14, warning customers...
The Bank of the Philippine Islands (BPI) is currently experiencing a widespread outage affecting its mobile app, online banking platform, and e-commerce transactions. The bank first acknowledged the disruption in an advisory published on June 14, 2026 at 8:50pm, confirming that BPI 's online...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has urged banks to continue strengthening governance, transparency, and internal controls, saying these safeguards become most critical during periods of economic and financial uncertainty. Speaking during the inaugural Corporate...
Mutya Orquia is set to headline new episodes of the educational series “Estudyantipid,” a student-focused program that aims to teach practical financial literacy lessons to young Filipinos amid growing concerns over online scams and poor money management habits among youth. The new batch of...
Let’s get away from the telenovela drama of the Senate with its shifting power dynamics and lingering public doubt and growing dismay—as well as the choppy trend in the cost of crude oil per barrel in the international market and its trickle-down negative effects on our way of life. Not that it...
A fire was reported at a commercial building occupied by a branch of the Bank of the Philippine Islands along Kamias Road near EDSA in Barangay Pinyahan, Quezon City, Metro Manila on Thursday evening, May 21, 2026. Firefighters were immediately dispatched to the area to put out the blaze. The fire...
Global debt watcher Moody’s Ratings affirmed the deposit ratings of the Philippines’ largest lenders—Sy-led BDO Unibank Inc. and Ayala-led Bank of the Philippine Islands (BPI)—citing their strong profitability, solid asset quality, and ample liquidity buffers. Both lenders maintained their...
The Philippines expanded its rice importation by 18 percent to 1.7 million metric tons (MT) during the first four months of 2026 as the government looks to bolster the supply of the commodity amid expectations of lower output in the coming months. The latest Bureau of Plant Industry (BPI) data...
