PDIC settles P614 million in deposit insurance claims
State-run Philippine Deposit Insurance Corp. has settled P614 million in deposit insurance covering 15,796 accounts from padlock banks in 2023......»»
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.....»»
Insurance penetration rate slips further to 1.6 percent
The insurance industry saw its net income rise to P48 billion last year, but its contribution to the overall economy slipped further for the second straight year to only 1.6 percent......»»
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......»»
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......»»
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 premiums up 20 percent
Insurance contributions from low-income Filipinos amounted to P10.2 billion from January to September 2023, up by nearly 20 percent from P8.49 billion in the same period a year ago, according to the Insurance Commission......»»
BSP collects P510 million via coin deposit machines
The Bangko Sentral ng Pilipinas has collected over half a billion pesos worth of coins as part of efforts to bring them back to circulation and address the shortage due to improper storage or disposal......»»
Maya is '1 Digital Bank in PH
Maya now stands as the #1 Digital Bank in the Philippines, revolutionizing the industry with its unified payments and banking services on one digital platform. In 2023, Maya saw a remarkable increase in users, with 3 million depositors, more than double the previous year, and a deposit balance reaching PHP25 billion, a 69% increase from […].....»»
IC plans to increase CMVLI coverage to P200,000
The government plans to increase the indemnity claims of vehicular accident victims amid the need to improve overall insurance coverage in the country......»»
Philippines gross int l reserves level settles at 103.4 bln USD in April
MANILA, May 7 (Xinhua) -- The Philippines' gross international reserves (GIR) decreased to 103.4 billion U.S. dollars at the end of April from 104.1 billion dollars at the end of March, the Philippine central bank said Tuesday. The Bangko Sentral ng Pilipinas (BSP) said the latest GIR level represents a more than adequate external liquidity buffer equivalent to 7.7 months' worth of imports of goods and payments.....»»
First rate cut likely 25 basis points - The Manila Times
MONETARY authorities will cut key interest rates by 25 basis points (bps) once inflation settles around the midpoint of the target range, the chief of the Bangko Sentral ng Pilipinas (BSP) said. "Right now, if we ease, it will just be 25 basis points. But we'll see," central bank Governor Eli Remolona Jr. told reporters on Monday. "Anything more than 25 [bps], it's like there's a recession alrea.....»»
Padawan settles for 7th place in DATBI Invitational kegfest
CEBU CITY, Philippines — Cebuano bowler Aui Padawan wrapped up his mixed masters campaign in the 19th Dagupan Association of Tenpin Bowlers, Inc. (DATBI) Invitational Open Championships at seventh place last weekend in Dagupan City. Padawan, who plays for the Sugbuanon Bowlers United (SUGBU), finished seventh overall among 31 other competitors in the coveted mixed.....»»
Brand-Building Strategies for Broke Startups
You’ve successfully launched your dream business. The first step is done. Then as the dust settles, you ask yourself: Now what? There are businesses that were not able to follow through on a successful launch. However, branding and marketing could help you get through the hump as the next crucial hurdle is carving a niche […].....»»
Saso falters at the finish, settles for 70
Yuka Saso surged forward on moving day but encountered setbacks down the stretch, carding a 70 Saturday (Sunday Manila time) to all but bow out of contention in the Chevron Championship heading to a wild finish at the Woodlands in Texas......»»
Asian Wrestling Championships 2024: Anju, Harshita shine with silver medal wins, Antim settles for bronze
Bishkek [Kyrgyzstan], April 15 (ANI): India wrestlers Anju and Harshita produced remarkable performances as they bagged a silver medal each in the Asian Wrestling Championships 2024 in Bishkek, Kyrgyzstan. Anju won silver in the women's 53kg weight category, while Harshita finished second in the women's 72kg category. Manisha and Antim Panghal also secured bronze medals in the women's 62kg and 65kg weight classes, respect.....»»
Reviving Your Savings After a Vacation
The rejuvenating power that a vacation brings can be quickly overshadowed by the reality of depleted savings and budgetary constraints. As the dust settles from your joyous escapades, it’s easy to slip into a mindset of austerity, contemplating drastic changes to your financial habits. However, before you start stringent belt-tightening, it’s important to have a […].....»»
Talon Esports settles for bronze in Pokemon Unite Asia tiff
The lone Philippine bet in the Pokemon Unite Asia Champions League 2024, Talon Esports, settled for third place as it fell against India’s Team True Gravity, 0-2, in the lower bracket finals......»»
Bahay settles with Ateneo Blue Eagles
Jared Bahay is going home to Ateneo......»»