Banking & Insurance
Sun Life Grepa aims to provide insurance for every Filipino family on its 70th year
The country’s life insurance industry is investing heavily on new technologies while nurturing partnerships to stay in the game.
Reinvested earnings, debt note investments push 2023 FDI 30% higher
Foreign direct investment (FDI) net inflows sustained its growth momentum in December 2023, increasing by 29.9 percent year-on-year to reach USD826 million from the USD636 million net inflows in December 2022.
Treasury bills auction attracts strong demand; yields generally lower
The Bureau of the Treasury awarded the entire P15 billion worth of treasury bills offered at the auction Monday.
Aggregator-lender tie-up widens avenue for entrepreneur financing
Loan aggregator FundSpace has teamed up with BPI Business Banking, one of the nation's foremost financial institutions, to widen financial access and equip Filipino entrepreneurs with the tools they need to thrive.
Insurance penetration diminish further in data cited by Sun Life Grepa
The country's insurance penetration rate, defined as premium written as percent of local output growth or the gross domestic product (GDP), diminished further in 2023 to only 1.68 percent from 1.81 percent in 2023.
