PCC clears insurance merger reshaping market
The Philippine Competition Commission (PCC) has approved the merger of FPG Insurance Co. Inc. and The Mercantile Insurance Company, Inc., clearing the way for one of the most significant consolidations yet in the country’s non-life insurance sector.
Xurpas cashes out, sharpens focus
Xurpas Inc. is paring back its regional footprint, approving the sale of its 49 percent equity stake in PT Sembilan Digital Investama (PT SDI)—an investment it has held since 2015—as it looks to free up cash and refocus resources.
Storms temper agriculture growth to 2.6% in 2025
The value of Philippine agricultural output rose to P1.77 trillion in 2025, up 2.6 percent from a year earlier—a solid showing that would have been stronger were it not for weather-related disruptions in the final quarter, data from the Philippine Statistics Authority showed.
UnitedHealth fall exposes Dow’s quirks
A policy update out of Washington was all it took to send UnitedHealth Group into a tailspin—and drag the Dow Jones Industrial Average down with it.
Economy seen rebounding in Q4, but full-year growth still below target
The Philippine economy is expected to grow faster in the fourth quarter, helping soften what has been a weak second half of the year, though full-year growth will likely remain below the government’s target.
