The Philippine Stock Exchange (PSE) announced that AIA Philippines Life and General Insurance Company Inc. has agreed to sell its four percent stake in Philippine Dealing System Holdings Corporation (PDHSC). In a disclosure, the PSE said AIA is selling its 250,000 PDHSC shares for P150 million, or...
Malayan Insurance Co. Inc. is eyeing a boost to sales of its new golfer's insurance product through availability on the popular online shopping platform Lazada. Anthony Louis Guanzon, Malayan Insurance's chief marketing officer, told reporters last Thursday, Jan. 16, that the presence of their...
Department of Finance (DOF) Secretary Ralph G. Recto assured that transferring P107.23 billion from the Philippine Deposit Insurance Corporation (PDIC) to the national treasury will not compromise its reserve fund. On Jan. 16, Wednesday, the finance chief asserted that the P107.23 billion was...
In March 2022, Leidemor Bartolome traveled to the U.S. for amission: to take her late mother’s ashes home. But what was already a difficult journey took an unexpected turn. She and her father were involved in a car accident that left them injured and facing nearly ₱2 million in medical...
State-owned Government Service Insurance System (GSIS) reported record loan disbursements totaling P289 billion last year, providing financial support to over 1.2 million government employees. In a statement, Wick Veloso, GSIS president and general manager, said the strong loan releases were driven...
Filipino depositors have no cause for alarm as the banking system remains stable following the Philippine Deposit Insurance Corporation's (PDIC) remittance of P107.23 billion to the Bureau of Treasury (BTr), according to the state deposit insurer's chief. During the bankers' night hosted by the...
Medical costs in the country are projected to rise by double digits for the third consecutive year due to increased use of health services, rising costs for hospitals and clinics, higher professional fees for medical practitioners, and a greater prevalence of diseases. According to the WTW Global...
State-run Government Service Insurance System (GSIS) has allocated nearly P8.6 billion in emergency loans to assist 363,547 active members and old-age and disability pensioners affected by recent typhoons. In a statement, GSIS said the emergency loan program is open to active members and pensioners...
Security Bank Corporation has assumed management of three FWD Life Insurance Variable Life (VL) funds to offer customers integrated financial solutions that blend life insurance benefits with professionally managed investments. Security Bank, in a Dec. 20 statement, reported that the three VL...
The Government Service Insurance System (GSIS) awarded a grand total of P1.5 million in prizes to 300 members and pensioners during its annual Christmas raffle draw. GSIS reported that a total of P1.5 million was distributed, with 210 active members and 90 pensioners each receiving P5,000. Wick...
Although the Philippine Health Insurance Corp. (PhilHealth) was "taught a lesson" with its zero-subsidy budget, Senator Pia Cayetano expressed her belief that that the action still violated the law. (Photo from the Office of Senator Pia Cayetano) "So siguro naturuan nga ng leksyon (So perhaps we...
The Government Service Insurance System (GSIS) is giving away P1.5 million in a raffle this holiday season to thank its members and pensioners and encourage them to use the GSIS Touch mobile app. The raffle, called "GSIS Touch and Win," will be held on Dec. 17, according to a statement from...
