Banking & Insurance
Insurer reaffirms trust with P2.3B in benefit payouts
Life insurer Pru Life UK reported disbursing more than P2.3 billion in benefit payouts in 2024, including P1.2 billion in death benefits and P1.052 billion in living benefits, reflecting the company’s financial strength and growing role in safeguarding over two million Filipino policyholders.
BSP keeps cautious inflation outlook, signals steady policy path
The Bangko Sentral ng Pilipinas (BSP) has maintained a largely unchanged inflation outlook in its July 2025 price survey, projecting the headline rate to remain within a modest range of 0.5 percent to 1.3 percent, reflecting subdued price pressures and a cautious monetary stance.
TikTok loans target financing gap for small sellers
TikTok Shop and GoTyme Bank on Thursday launched TikTok Shop Loans, a fast and flexible financing service tailored specifically for micro, small, and medium enterprises (MSMEs) in the Philippines.
Non-bank finance players deepen economic reach
The other financial corporations (OFCs), a key segment of the Philippine financial system outside traditional banks, insurers, and pension funds, expanded their domestic assets to ₱10.6 trillion in the first three months this year, reflecting a 4.9 percent increase quarter-on-quarter and a robust 14.6 percent growth year-on-year, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
GSIS releases over P1.5B in emergency loans to 44,000 members, pensioners
The Government Service Insurance System (GSIS) has disbursed over P1.5 billion in emergency loans to more than 44,000 government employees and pensioners affected by recent calamities, including Tropical Storms Crising, Dante, and Emong.
