Etiqa Philippines receives ‘Golden Arrow Award’ for exemplary corporate governance
Etiqa Philippines was honored at the Golden Arrow Awards 2023 for its unwavering commitment to sound corporate governance, solidifying its reputation as an ASEAN insurer with a focus on humanizing insurance and fostering trust among customers and stakeholders.
Manulife Philippines and MCBL earn prestigious ‘Golden Arrow’
Manulife Philippines and Manulife China Bank Life Assurance Corp. (MCBL) have been recognized with Golden Arrow Awards for their outstanding corporate governance performance, affirming their dedication to upholding high standards of governance and fostering trust in their operations.
Philippine banks see 9.2% growth in investments H1
Philippine banks have significantly increased their investments, with a 9.2% growth to reach P6.6 trillion in the first half of 2023, contributing to the stability and profitability of the financial system, according to the Bangko Sentral ng Pilipinas (BSP).
LOOK: The newest Bankeros in UnionBank’s corner
UnionBank extends a warm welcome to two new senior officers who bring their extensive experience and skills to the organization.
Seven banks slashed from BSP’s ‘major banks’ list
The BSP has reduced the list of universal and commercial banks from 45 to 38, with the removal of six foreign banks and the country’s only Islamic bank, Al Amanah, in a move that is expected to be explained by the BSP soon.
Maxicare showcases best practices for sustainable workplace at ECOP meeting
Maxicare Healthcare Corporation shares its success in creating a just and sustainable workplace through five key practices, including open communication and business agility, during the Employers Confederation of the Philippines (ECOP)’s 57th Members General Meeting.
BSP cancels registration of 13 money service businesses in 2023
The BSP has disqualified 13 money service business operators in the first ten months of the year for violating regulations.
RCBC highlights ‘phyigital’ banking success during PH DigiCon 2023
RCBC’s innovative approach to digital and physical banking, RCBC Moneybela Barangayan Banking, took center stage at the Philippine Digital Convention 2023
PSBank posts P3.37 billion earnings surge despite challenges
Despite facing headwinds, Philippine Savings Bank (PSBank) reported an 18 percent increase in net income to P3.37 billion for the first nine months of 2023, driven by core business expansion, particularly in the auto loan portfolio, and effective expense management.
Moody’s Analytics forecasts 5.1% Q3 GDP growth and 5.7% October inflation
Moody’s Analytics expects the Philippine economy to achieve a 5.1% GDP growth in the third quarter, driven by increased government spending, while projecting a 5.7% inflation rate for October.