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Local banks are seen further strengthening their positions against external shocks following a flurry of reforms handed down by the Bangko Sentral ng Pilipinas this year.

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                    [Title] => IC targets penetration rate of insurance at 3% of GDP
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The head of the Insurance Commission wants to boost the penetration rate of insurance in the Philippines to three percent of gross domestic product to improve the country’s position vis-à-vis its Asian neighbors.

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abtest

Debt repayment costs now higher due to rising interest rates, weak peso — report

By Ian Nicolas Cigaral | August 30, 2018 - 1:34pm

Costlier debt servicing due to rising interest rates and exchange rate volatility is the biggest concern faced by the economy,...

Business

Monetary, fiscal authorities vow timely intervention

By Lawrence Agcaoili | August 15, 2018 - 12:00am

Monetary and fiscal authorities vowed swift and timely action amid the extraordinarily volatile markets due to external and...

Business

BSP heightens shadow banking surveillance

By Kathleen A. Martin | March 10, 2015 - 12:00am

The Bangko Sentral ng Pilipinas has heightened surveillance on shadow banking to ensure the stability of the financial s...

Business

YEARENDER: Phl banks to grow more resilient vs external shocks

By Kathleen A. Martin | December 29, 2014 - 12:00am

Local banks are seen further strengthening their positions against external shocks following a flurry of reforms handed down...

Business

State-run financial agencies form coordination council

By Ehda Dagooc | February 7, 2014 - 12:00am

State-run financial institutions have created a Financial Stability Coordination Council (FSCC) to sustain the country’s good financial system despite external interventions.

Freeman Cebu Business

IC targets penetration rate of insurance at 3% of GDP

By Zinnia B. Dela Peña | January 30, 2014 - 12:00am

The head of the Insurance Commission wants to boost the penetration rate of insurance in the Philippines to three percent of gross domestic product to improve the country’s position vis-à-vis its Asian...

Business