Banking & Insurance
PDIC doubles deposit insurance to P1M
The Philippine Deposit Insurance Corporation, which historically adjusted the maximum insured deposit four times since its charter in 1963, has doubled the insured amount to P1 million. The doubling, PDIC chief Roberto Tan said, takes effect beginning 15 March this year.
BOC cash smuggling crackdown helps in FATF Gray List exit
The Bureau of Customs' (BOC) aggressive crackdown on illicit cash smuggling significantly contributed to the Philippines' removal from the Financial Action Task Force (FATF) Gray List.
Maya Bank attracts over 125,000 credit cardholders in only six months
Fintech company Maya Philippines Inc. said on Thursday that it has issued more than 125,000 credit cards in just six months that further solidifies its position as a key player in the digital banking space. The company also revealed that it is on track to achieve group-wide profitability by December 2024.
Manulife PH eyes double-digit growth in 2025 amid positive market conditions
Manulife Philippines looks forward to robust double-digit growth this year, driven by favorable market conditions, a thriving economy, and a young population with increasing disposable income.
BDO Unibank expands partnership with Shizuoka Bank
BDO Unibank Inc. (BDO) is optimizing its role in driving the country's economic growth by expanding opportunities for Japanese companies operating in the country. This move comes as the economy is projected to post steady growth, positioning it as a key business hub in Southeast Asia.
