Insurance complaints rise in 2023
Insurance complaints rose by nearly eight percent to 5,400 last year, largely coming from mutual benefit associations and health maintenance organizations......»»
Sun Life reigns as top insurance company for 13th year in a row
This milestone comes on the heels of Sun Life’s 129th anniversary, making it the first and longest-standing life insurance company in the Philippines......»»
Toral: Add cyber insurance on your digital shield
Toral: Add cyber insurance on your digital shield.....»»
Books, greens & unfinished business
I recently had lunch with very busy insurance executives and since the topic was about insurance, I raised the question on how prepared were they for retirement or even semi-retirement. Of course, NO ONE, not a single one, had really entertained the thought or been working on the inevitable......»»
Philippines upper middle-income status seen to boost insurance penetration
Higher insurance penetration hinges on the country’s ability to reach upper middle-income status as Filipinos’ disposable income remains limited amid the high cost of basic goods and services......»»
Recto backs insurance for OFWs
The availability of insurance products should extend to overseas Filipino workers , according to Finance Secretary Ralph Recto – indicating the possible lifting of restrictions in the current framework......»»
Microinsurance contributions hit P13.5 billion in 2023
The continued awareness of Filipinos due to the impacts of the pandemic boosted the insurance contributions from low-income people, reaching P13.5 billion in 2023......»»
Metro Retail Earns PHP618 Million in 2023; Continues Initiatives for Growth
For the full year 2023, Metro Retail Stores Group, Inc. (MRSGI) reported an aggregate net income of PhP618.0 million vs PhP917.3 million in 2022, a slippage of 32.6%. In terms of core net income which excludes one-time gains such as accounting adjustment on leases and insurance claims in 2022, the Company’s earnings were down only […].....»»
GSIS income surges to P113 billion in 2023
The earnings of state-run Government Service Insurance System jumped by 70 percent to P113.3 billion in 2023 from P66.4 billion in 2022 on the back of strong revenues from financial assets and investments......»»
Global Dominion Joins The Fight Against Scammers and Fake Accounts
Before 2023 ended, Global Dominion reported a case of unauthorized use of the company’s name in what appeared to be a mobile application. This concern was brought up by a concerned individual via Global Dominion’s customer service and complaints division (CSC). The company then submitted a report to the National Bureau of Investigation’s (NBI) Cyber.....»»
AllDay Supermarket earns 22% more in 2023
Strong revenues boosted earnings of Villar-led mid-premium supermarket chain AllDay Supermarket to rise by 22.4 percent to P369 million in 2023......»»
Digital times call for digital measures
The Bureau of Internal Revenue has recognized the undeniable rise of digital commerce in the Philippines by promulgating Revenue Regulation16-2023, issued on Dec. 21, 2023, and Revenue Memorandum Circular 08-2024, issued on Jan. 15, 2024, respectively......»»
Banana exports reverse sagging trend, rise in 2023
Philippine banana exports reversed its sagging trend as shipments recovered in 2023, halting a four-year decline, thanks to additional production from rehabilitated areas previously affected by Panama disease......»»
Philippine remittances hit all-time high in 2023
MANILA, Feb. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached an "all-time high" of 37.2 billion U.S. dollars in 2023, 3 percent higher than the 36.1 billion dollars recorded in 2022, the Philippine central bank said on Thursday. "The robust inward remittances reflected the rise in the deployment of overseas Filipino workers due to the continuous increase in demand for foreign workers in host.....»»
Philippine remittances hit all-time high in 2023
MANILA, Feb. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached an "all-time high" of 37.2 billion U.S. dollars in 2023, 3 percent higher than the 36.1 billion dollars recorded in 2022, the Philippine central bank said on Thursday. "The robust inward remittances reflected the rise in the deployment of overseas Filipino workers due to the continuous increase in demand for foreign workers in host.....»»
Crimes in Japan rise 17 pct in 2023
TOKYO, Feb. 8 (Xinhua) -- The number of police-recognized criminal offenses in Japan in 2023 increased 17 percent from the previous year to 703,351, data showed Thursday. Among them, the number of serious crimes, including murder and sexual assault cases, climbed 29.8 percent to 12,372, and that of robberies rose 18.6 percent to 1,361, according to the National Police Agency (NPA). Meanwhile, sexual offen.....»»
Crimes in Japan rise 17 pct in 2023
TOKYO, Feb. 8 (Xinhua) -- The number of police-recognized criminal offenses in Japan in 2023 increased 17 percent from the previous year to 703,351, data showed Thursday. Among them, the number of serious crimes, including murder and sexual assault cases, climbed 29.8 percent to 12,372, and that of robberies rose 18.6 percent to 1,361, according to the National Police Agency (NPA). Meanwhile, sexual offen.....»»
Nearly 3K cyber identity theft incidents logged in 2023 — PNP-ACG
According to the PNP Anti-Cybercrime group, there has been a 12.2% rise in reported cases in 2023 with 1,597 incidents, coming from the 1,402 cases in 2022......»»
Philippines durian, avocado, mango exports rise in 2023
MANILA, Jan. 25 (Xinhua) -- The Philippines' durian, avocado, and mango exports rose by 4,000 percent, 316 percent, and 109 percent, respectively, in 2023, the Philippines' Department of Agriculture said Thursday. The country's department of agriculture said the Philippines last year exported 4,731 tons of fresh durian worth 1.89 billion pesos (33.44 million U.S. dollars), 3,045.6 metric tons of avocado valued a.....»»
Philippines durian, avocado, mango exports rise in 2023
MANILA, Jan. 25 (Xinhua) -- The Philippines' durian, avocado, and mango exports rose by 4,000 percent, 316 percent, and 109 percent, respectively, in 2023, the Philippines' Department of Agriculture said Thursday. The country's department of agriculture said the Philippines last year exported 4,731 tons of fresh durian worth 1.89 billion pesos (33.44 million U.S. dollars), 3,045.6 metric tons of avocado valued a.....»»
Foreign borrowings rise to $14.5 billion in 2023
Foreign borrowings approved by the Bangko Sentral ng Pilipinas jumped by more than 40 percent in 2023 after declining for two straight years, as the national government borrowed more from offshore creditors primarily to bankroll key infrastructure projects......»»