Banking & Insurance
GSIS non-life insurance premiums reach P9.8 B in 2023
The Government Service Insurance System reported P9.8 billion in gross premiums written (GPW) by its non-life insurance business in 2023, a record high in the history of the GSIS.
GSIS readies P44 M for calamity-hit members, pensioners in Camarines Norte
The Government Service Insurance System (GSIS) has made available P44 million as emergency loan package for members and pensioners of Mercedes and Vinzons in Camarines Norte affected by heavy rainfall.
Twice as much depositors use Maya Bank app in 2023
Maya Bank Inc., the fintech arm of PLDT Inc., on Tuesday reported doubling its depositors to 3 million last year, its deposits totaling P25 billion or 69 percent more than previous.
BTr to auction 5-year RTBs 13 February; initial offer amount P30B
The Bureau of the Treasury said Tuesday it is looking to raise at least P30 billion from the issuance this month of 5-year peso-denominated, fixed-rate retail treasury bonds (RTBs).
Treasury rejects all bids for P30B bonds to cap rate rise
The Bureau of the Treasury rejected all bids at the auction Tuesday of treasury bonds, which were originally issued as five-year debt due January 2029 at a coupon rate of 6.125 percent.
