Banking & Insurance
Life insurance awareness among Pinoys declines post-pandemic
A recent survey revealed that while 83 percent of Filipinos considered life insurance important in 2022, only 54 percent felt the same in 2024—a significant drop driven by post-pandemic complacency and budget constraints.
PCIC optimistic about securing higher 2026 budget to widen farmer coverage
The Philippine Crop Insurance Corp. (PCIC) is optimistic about securing an additional P1 billion in funds from the 2026 national budget to expand farmer insurance cover numbering 4.2 million as of end-2024.
Asialink enters real estate lending, targets underserved SME market
Asialink Finance Corp. is expanding into real estate lending, marking a strategic diversification of its portfolio and reinforcing its role as alternative financier for underserved sectors in the economy.
DOF rejects new tax plans, cites strong fiscal position
The Department of Finance (DOF) rejected reports suggesting the government plans to impose new taxes, citing strong revenue performance and prudent fiscal management as reasons additional tax measures are unnecessary at this time.
BDO scales up UTM rollout to modernize in-branch banking
BDO Unibank, Inc. is accelerating its digital banking strategy with the nationwide expansion of its universal teller machines (UTMs), a move aimed at enhancing in-branch customer experience and reducing reliance on over-the-counter services.
