Banking & Insurance
ADB expands food security funding to $40B, citing economic and climate pressures
The Asian Development Bank (ADB) has significantly increased its commitment to food and nutrition security across Asia and the Pacific, announcing an additional USD26 billion in support through 2030. This brings the institution’s total food security funding to USD40 billion over the 2022–2030 period.
GSIS opens new Baguio branch
The Government Service Insurance System (GSIS) has inaugurated its new Baguio branch office, marking a significant investment in infrastructure and digital service delivery for over 40,000 members and pensioners in the Cordillera region.
SSB issues guidelines for requesting Shari’ah opinions on Islamic Finance in BARMM
The Shari’ah Supervisory Board (SSB) of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) has released formal guidelines on how stakeholders can request Shari’ah opinions on Islamic banking and finance transactions.
Life insurance awareness among Pinoys declines post-pandemic
A recent survey revealed that while 83 percent of Filipinos considered life insurance important in 2022, only 54 percent felt the same in 2024—a significant drop driven by post-pandemic complacency and budget constraints.
PCIC optimistic about securing higher 2026 budget to widen farmer coverage
The Philippine Crop Insurance Corp. (PCIC) is optimistic about securing an additional P1 billion in funds from the 2026 national budget to expand farmer insurance cover numbering 4.2 million as of end-2024.
