Banking & Insurance
Fitch projects better reinsurance activities in lead up to 2024
Global credit watcher Fitch Ratings has recalibrated the year's reinsurance outlook to "improving" from "neutral" a while earlier to reflect the sector's strengthening financial performance going into 2024.
GSIS bares teachers’ loan program at only 6%
State pension fund Government Service Insurance System (GSIS) has unveiled a multi-purpose loan flex program (MPL Flex) for public school teachers and other GSIS members in celebration of the National Teachers' Month.
Foreign currency reserves marginally lower in August
The gross international reserves (GIR), an indication of a country's capacity to pay for maturing foreign debt and trade obligations, stood marginally lower in August to $99.8 billion from only $99.9 billion in July, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.
Thrift banks post growth despite menu of challenges
The Chamber of Thrift Banks (CTB), the umbrella organization of the country’s thrift units, reported the sector showing remarkable stability and growth underpinned by key indicators that highlight its robust performance despite the challenges faced the past year.
Alipay+ adds new e-wallets
Ant Group, the global cross-border digital payments and marketing services operator of Alipay+, announced Tuesday that mobile wallets AlipayHK (Hong Kong SAR), Kakao Pay (South Korea), Touch ‘n Go eWallet (Malaysia) and Alipay (Chinese mainland) are now accepted in the Philippines.
