Banking & Insurance
Pru Life UK partners with Islamic bank in promoting takaful in PH
Takaful licensed Pru Life UK on Monday announced a strategic partnership with Al Amanah Islamic Investment Bank of the Philippines (AAIIBP) to promote Shariah-compliant insurance products and enhance financial inclusion, particularly in Muslim-majority regions like the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).
WEF Report highlights growing global risks and urges urgent cooperation
The 20th edition of the World Economic Forum’s Global Risks Report, released Wednesday, paints a sobering picture of the global risk landscape, highlighting the growing fragility of the international system.
Personal remittances rise 3.5% in November 2024, helping drive economic growth
Personal remittances from overseas Filipinos (OFs) grew by 3.5 percent to reach USd3.12 billion in November 2024, up from only USD3.02 billion in the same month last year, according to data from the Bangko Sentral ng Pilipinas (BSP).
Japan-Philippines economic dialogue signals strengthened bilateral ties
In a landmark dinner meeting on Tuesday, Mr. Iwaya Takeshi, Japan's Minister for Foreign Affairs, held high-level discussions with key Philippine economic officials to explore opportunities for expanding bilateral economic ties, marking his first overseas trip of the year.
Lower rates on Philippine treasury bills amid policy easing expectations
Average interest rates on Treasury bills (T-bills) declined at Monday's auction, supported by market expectations of further monetary policy easing by the Bangko Sentral ng Pilipinas (BSP).
