PHILIPPINE STAR/WALTER BOLLOZOS By Keisha B. Ta-asan, Reporter THE PHILIPPINE central bank kept its benchmark interest rate — as expected — at a near 17-year high for a third straight meeting on Thursday, as policy makers remained watchful despite easing consumer prices. The Bangko Sentral ng Pilipinas (BSP) left the […]
2023 OFW remittances hit all-time high
PHILIPPINE STAR/ MIGUEL DE GUZMAN CASH REMITTANCES rose to another record last year as overseas Filipino workers (OFW) sent more money to their families who struggled with spiraling prices, the Philippine central bank said on Thursday. Money sent home by OFWs through banks increased by 2.9% to $33.491 billion, falling […]
House looking at wage hike of as much as P400
By Beatriz Marie D. Cruz and John Victor D. Ordoñez, Reporters THE HOUSE of Representatives is seeking to pass an across-the-board wage increase for workers in the private sector that is higher than the Senate’s P100 proposal, according to a lawmaker. Congressmen are studying a proposed P350 to P400 wage […]
PHL foreign investment pledges rise to record
By Lourdes O. Pilar, Researcher APPROVED foreign investment pledges in the Philippines almost quadrupled last year, buoyed by economic growth that was one of the best performing in Asia last year, according to data from the local statistics agency. Pledges hit a record P889.07 billion ($15.9 billion), about 3.7 times […]
A steadfast push for financial resiliency among Filipinos
Photo from insurance.gov.ph The Insurance Commission (IC), established in 1949, plays a crucial role in developing the country’s insurance sector. Throughout the years, the commission has successfully strengthened consumer protection and the stability of the insurance sector by empowering individuals with financial planning and risk management. Over the past seven […]
Solving Philippine insurance’s current dilemma
Photo from Freepik As much as the whole of the insurance industry has been changed by the COVID-19 pandemic, it remains to be seen how significant its long-term impact will be. Many reports have been made about the pandemic’s effects on the perspective of Filipino consumers in the Philippines and […]
Commissioner Regalado: Enabling quality service to the insurance market
Insurance Commissioner Atty. Reynaldo A. Regalado — Photo from facebook.com/DOFPH Prior to his appointment as the new commissioner of the Insurance Commission (IC), Atty. Reynaldo A. Regalado was expected to inherit and regulate an insurance, pre-need, and health maintenance industry that has been calloused by uncertainties brought about by the […]
Significant strides in sustainable development
Photo from Freepik Sustainable development is an approach that takes into account the well-being of both current and future generations, ensuring that the needs of the present are met without compromising the ability of future generations to meet their own needs. Given the challenges faced today, such as climate change, […]
Aboitiz group keen on developing more airports
STOCK PHOTO By Ashley Erika O. Jose, Reporter ABOITIZ InfraCapital, Inc. is eyeing to develop more airports in the country after securing the original proponent status (OPS) for the development, management, and expansion of two regional airports, the company’s president said. “Yes, we are definitely interested in developing some of […]
Jennifer Lopez launches This Is Me… Now with muse Affleck by her side
LOS ANGELES — Jennifer Lopez explores her experiences of love and relationships in her new movie This Is Me… Now: A Love Story that premiered in Hollywood on Tuesday, where she walked the carpet with her husband, actor-director Ben Affleck. The musical film, which coincides with the release of Ms. […]