Banking & Insurance

State-run Land Bank of the Philippines is eliminating convenience fees on select online government payments until the end of 2026, a move aimed at lowering transaction costs for Filipinos while accelerating the shift toward digital public services.

Insular Life (InLife) delivered a strong top-line performance last year, with revenues surging to P36 billion as the insurer reaped gains from higher premium collections and the integration of Generali Philippines, now operating as InLife Benefits.

Treasury bill yields were mixed at Monday’s auction as robust investor demand helped temper the impact of mounting inflation concerns on short-term government debt.

Analysts at Allianz Research projects the Philippine insurance market growing 9.2 percent annually over 10 years to 2035—outpacing the country’s nominal GDP growth forecast of 8.1%.

Union Bank of the Philippines is seeking to raise up to P30 billion through a new bond issuance as the Aboitiz-led lender strengthens its funding base and positions itself for future growth amid a still-evolving interest rate environment.