Banking & Insurance

Average rates for treasury bills were mixed at the auction held by the Bureau of the Treasury on Monday, as the prospects of further easing by the Bangko Sentral ng Pilipinas were weighed against the weakness of the Philippine peso versus the U.S. dollar.

Manulife Philippines and Manulife China Bank Life Insurance Corporation have launched Wealth Guarantee, a new single-payment insurance plan that offers Filipinos a comprehensive savings and investment option.

The Bangko Sentral ng Pilipinas (BSP) has won the “Best Recirculation/Distribution Initiative or Innovation” award at the 2024 Excellence in Currency Awards for Coin, hosted by the International Association of Currency Affairs (IACA) in Lisbon, Portugal.

Maya, among the leading digital banks in the country, has reported a robust 52 percent year-on-year increase in deposit balances, reaching ₱36 billion as of September 2024.

CIBI Information, Inc., the country's first and only local credit bureau, is embarking on a transformative journey with the appointment of Pia Arellano as its new president and CEO. Known for her impressive track record in banking, financial services, payments, remittance, and telecommunications, Pia brings nearly three decades of experience to the role, positioning CIBI for greater innovation and expansion in the rapidly evolving financial landscape.