Banking & Insurance
State Street to open new Manila office in 2H
State Street Corp. said it will open a new office in Manila in the second half of 2026, marking a major expansion of the global financial services firm’s Asia-Pacific operations.
Manulife Philippines taps Manish Sangal to drive AI
Manulife Philippines has appointed Manish Sangal as deputy chief executive officer as the insurer strengthens its leadership team and accelerates its digital transformation strategy in the Philippine market.
BPI considers Blue Bonds to fund water projects
Bank of the Philippine Islands (BPI) is weighing the issuance of blue bonds as part of its growing focus on sustainable finance, signaling rising investor interest in water-related initiatives.
GSIS 1Q 2026 net income surges 170%, assets hit nearly P2 trillion
The Government Service Insurance System (GSIS) recorded a 170 percent jump in first-quarter 2026 net income, reaching P43.6 billion from P16.1 billion in the same period last year. Total assets rose to nearly P2 trillion as of March 31, up from P1.96 trillion at the end of 2025.
BSP pushes PERA adoption, cites tax benefits and economic gains
The Bangko Sentral ng Pilipinas (BSP) is urging businesses to offer the Personal Equity and Retirement Account (PERA) program to employees, highlighting major tax incentives and wider economic benefits.
