Banking & Insurance
Manulife taps Amy Gochuico as first woman to lead Philippine business
Manulife Philippines has named Amy Gochuico its new president and chief executive officer, making her the first woman to lead the insurer in its nearly 120-year history in the country.
GSIS net income rises 14% to P123B in 9M 2026
The Government Service Insurance System (GSIS) posted a net income of P123 billion in the first nine months of 2026, up 14 percent from P108 billion in the same period last year, putting the state pension fund on firmer ground to expand services and finance renewable energy programs for its members.
BSP keeps 3% credit card interest cap, raises installment and cash advance fee limits
The Bangko Sentral ng Pilipinas (BSP) has maintained the 3.0-percent monthly ceiling on finance charges for unpaid credit card balances while raising the limits on installment add-on rates and cash advance processing fees.
BankCom bond sale draws P17.4B, 3.4 times oversubscribed
Strong investor demand enabled Bank of Commerce (BankCom), an affiliate of San Miguel Corp., to raise P17.4 billion from its latest bond offering, more than 3.4 times the minimum P5-billion issue size despite a challenging market environment.
BSP reaffirms commitment to price stabilty to safeguard long-term economic growth
The Bangko Sentral ng Pilipinas (BSP) on Wednesday reaffirmed its commitment to maintaining price stability while fostering conditions for sustainable economic growth, navigating a challenging landscape marked by elevated inflation and cooling economic activity.
