Banking & Insurance

Global Dominion Financing is rolling out a financing program for women-led businesses, offering funding for working capital, equipment, vehicles, property, and expansion as it seeks to widen access to credit among women entrepreneurs.

Manulife Philippines has appointed Ganesh Murugesan as chief information officer, putting a technology executive with nearly 25 years of insurance experience at the helm of its information technology function.

Visa Inc. is more than doubling its Philippine office footprint to about 9,000 square meters, expanding its base at the SM Mall of Asia Complex as it grows its local operations.

Wider access to financial services alone cannot guarantee financial stability, as many Filipinos continue to face gaps in literacy and resilience.

Philippine banks could see their bad-loan ratio rise to as high as 7 percent from 5.6 percent as inflation squeezes household incomes, credit growth weakens, and riskier unsecured loans come under pressure, S&P Global Ratings said.