Banking & Insurance
Victor Lee to succeed Sanjiv Vohra as Security Bank CEO
Security Bank has named Victor Lee Meng Teck as its incoming president and chief executive officer (CEO), effective in early January 2026. Lee, a seasoned Singaporean banker with over 30 years of experience, will succeed Sanjiv Vohra, who has led the bank through significant transformation during his tenure.
Young Filipinos focus on health-span over lifespan – survey
A recent study by The Manufacturers Life Insurance Co. (Phils.) Inc. highlights that millennials and Gen Z in the Philippines are increasingly prioritizing health, purpose, and financial independence.
BPI to apply P15 InstaPay fee starting next month
The Bank of the Philippine Islands (BPI) is adopting InstaPay for all inter-institution cash-in transactions starting October 1, 2025, in line with a directive from the Bangko Sentral ng Pilipinas (BSP) aimed at improving digital financial services' interoperability and transparency.
CS Capital completes acquisition of 26% Stake in CSBank
Citystate Savings Bank, Inc. (CSBank) said it has completed the deal with CS Capital Investment Pte. Ltd. (CS Capital), the Singapore-based firm that acquired 43.36 million shares—equivalent to a 26.3 percent stake in the Bank.
Veloso back at GSIS, focuses on member, pensioner benefits
Wick Veloso has resumed his role as president and general manager of the Government Service Insurance System (GSIS), unveiling a set of initiatives aimed at strengthening member services and expanding support for government employees and pensioners.
