Banking & Insurance
ORIX METRO appoints Angelo Z. Padua as president
ORIX METRO Leasing and Finance Corporation, one of the country’s top leasing and financial services companies, on Monday announced the appointment of Angelo Z. Padua as president effective 1 July 2024.
FATF cites PH progress made under grey list regime
The Paris-based Financial Action Task Force (FATF) has acknowledged the progress the Philippines has made in key areas of money laundering and terrorist financing that has fueled optimism for Manila to exit the FATF grey list.
T-bill rates average higher at auction on BSP inflation outlook
Treasury bill yields were higher at the auction Monday, lifted by the Bangko Sentral ng Pilipinas’ inflation projection for June that suggests monetary authorities could keep interest rates higher for longer.
Philippines gross savings hit P6.6 trillion in 2023, exceeds pre-pandemic levels
The country’s gross savings recovered substantially in 2023, exceeding pre-pandemic levels and providing a good sign for future growth in capital investments.
National Reinsurance posts record results in 2023, optimistic for 2024
National Reinsurance Corporation of the Philippines, better known as Nat Re, posted a record net profit of P536.1 million last year, bolstered by strong gains in underwriting, investments and other income.
