Insular Life (InLife) finished strong last year in terms of net worth, net income and assets among all life insurers in the country, according to unaudited quarterly reports submitted to the Insurance Commission. InLife, a wholly-owned Filipino insurance firm, landed on the top five performers in...
State-owned Philippine Guarantee Corp. (PHILGUARANTEE) posted record financing assistance to micro, small and medium enterprises (MSMEs) during the prolonged pandemic. Based on a report to the Department of Finance released on Monday, April 4, PHILGUARANTEE said its credit guarantee facilities to...
The time spent in settling insurance claims and resolving loan accounts in closed banks was significantly reduced following the Philippine Deposit Insurance Corp.’s (PDIC) shift to digital platforms, the Department of Finance (DOF) said. Roberto B. Tan, PDIC president and chief executive officer...
State-run Social Security System (SSS) said all its branches in areas under Alert Level 1 will be in full operations to address the influx of transacting members, particularly in certain branches in Metro Manila. “With the reduction in Covid-19 alert levels, we are now in 100 percent operational...
State-run Home Development Mutual Fund, commonly known as Pag-IBIG Fund, is banking on the country’s economic recovery in bringing down its soured loans to single-digit within one year. Acmad Rizaldy P. Moti, Pag-IBIG Fund chief executive officer, said the company’s non-performing loan (NPL)...
Manulife Philippines has launched a new flexible insurance plan that provides customers with rewards and bonuses to help achieve their life goals and enrich their future. In a statement, the local unit of international financial services provider Manulife announced on Monday, Feb. 21, the launch of...
Housing developer 8990 Holdings Inc. is planning a follow-on offering worth as much as P26.59 billion, consisting mostly of shares held by existing stockholders. In a statement, 8990 President and CEO Anthony Vincent Sotto said “the company views the follow-on offering as a re-IPO to re-introduce...
Housing developer 8990 Holdings, Inc. reported a 41 percent hike in gross revenues to a record P20 billion last year from the P14.2 billion generated in 2020. In a disclosure to the Philippine Stock Exchange, the firm said the milestone was achieved despite the twin challenges brought on by the...
State-owned Social Security System (SSS) is reminding employers and individual members not to miss their contribution payments to enjoy the pension fund’s benefit programs. Aurora C. Ignacio, SSS president and CEO said that payment of contributions is one of the requirements to avail of social...
State-run Social Security System (SSS) has encouraged more than five million Facebook (FB) followers to actively utilize its portals and various online facilities including its social media platforms for easier access to its information, services, and transactions. In a statement, Aurora C....
The vast majority of Filipinos think that the pandemic has lasted much longer than expected, but have also expressed readiness to live with COVID-19, the third Asia Care Survey conducted by Manulife revealed. Among the Filipinos surveyed by Manulife, 69 percent said that the pandemic has lasted...
State-run Social Security System (SSS) is urging members, pensioners, and employers to use the pension fund’s online services as the country continues to record a high number of COVID-19 cases. In a statement, Aurora C. Ignacio, SSS president and chief executive officer said on Friday, Jan. 21,...
