Banking & Insurance
Manulife, Chinabank renew bancassurance tie; MCBL marks new milestone
Manulife president and chief executive officer Phil Witherington visited Manila recently to meet with Chinabank’s executive leadership, highlighting the deepening long-standing bancassurance partnership between the two firms through Manulife China Bank Life Assurance Corporation (MCBL).
Allianz PNB Life nearly doubles first-half new business
Allianz PNB Life (AZPNBL) nearly doubled new business in the first half of 2026, lifting the insurer to third place in the Philippine life insurance industry as it marked its 10th year of operations.
BSP makes preemptive quarter-point rate hike on inflation risks
The Bangko Sentral ng Pilipinas on Thursday delivered a preemptive 25-basis-point rate hike and left the door open to further tightening as stubborn inflationary pressures threaten to keep prices above the central bank’s target range.
Levanta Renewables secures ₱6.2-B funding for 166-MWp Iloilo solar-plus-storage facility
Singapore-based Levanta Renewables has reached financial close on its 166-megawatt peak solar power plant paired with an 80-megawatt-hour battery energy storage system in Barotac Viejo, Iloilo, sealing the ₱6.215-billion co-financing deal with Philippine National Bank during an August 5, 2026 ceremony at Makati Shangri-La.
EastWest bolsters customer protection with ‘Banking Made Safer’ suite, unveils Easylock and enhanced security tools
EastWest has rolled out its comprehensive "Banking Made Safer" initiative, a robust set of upgraded security and fraud prevention measures designed to safeguard customer accounts and savings while maintaining the ease and accessibility of digital banking.
