Personal Development, Business, Finance, and Investing for Everyone
An investment in knowledge always pays the best interest.
 On November 05, the Department of Trade and Industry (DTI) and the Department of Information and Communications Technology (DICT) unveiled the eReport System for Online Consumer Complaints within the eGovPH App.
0 Comments
 The Bangko Sentral ng Pilipinas (BSP) launched new financial education course materials for out-of-school youth and adults in collaboration with the Department of Education (DepEd) and USAID Opportunity 2.0 Program.
 The Insurance Commission recently reported that the health maintenance organization (HMO) industry posted a staggering 137.31% growth in its Total Net Income for the quarter ending on 30 September 2024 (3Q 2024) as compared with the same quarter in 2023 (3Q 2023).
 S&P Global Ratings (S&P) raised the Philippines’ credit rating outlook to “positive,” indicating a possible upgrade to an “A-” rating within 24 months, helping lower borrowing costs and making the country more attractive to investors.
Insurance Density Up By 12.44% in 3Q 2024 As Total Premiums Grow By 13.45% in Same Quarter11/22/2024  The Insurance Commission recently reported an increase of 12.44% in insurance density for the quarter ending on 30 September 2024 (3Q 2024). Insurance density, which represents the ratio of total premiums to the population or the approximate spending of every individual on insurance, grew to P2,910.10 in Q3 2024 from P2,588.05 during the same quarter in 2023 (3Q 2023).
 On 21 October 2024, the Insurance Commission (IC) issued Circular Letter (CL) No. 2024-21 declaring the grant of provisional insurance agents’ licenses pending issuance of regular licenses inoperative.
SEC Secures Conviction Against Perpetrators of EMGOLDEX Philippines’ Illegal Investment Scheme11/20/2024  The Securities and Exchange Commission (SEC) has secured the conviction of incorporators of Prosperous Infinite Holdings Phils. Corp. (PIHPC) / operators of EMGOLDEX PHILIPPINES for soliciting investments from the public without necessary license from the Commission.
 The Securities and Exchange Commission (SEC) has directed Capital Markets Integrity Corporation (CMIC) to take over the operations of Equitiworld Securities, Inc. (EQWORLD) to secure the accounts of its customers.
 The Bangko Sentral ng Pilipinas (BSP) announced the launch of a new interest rate swap market on November 18, 2024. This marks a significant step toward boosting trading and liquidity in the domestic bond market. This is part of a plan to deepen the local capital markets. A deeper capital market is expected to enhance savings and investment in the Philippines. As a side benefit, it will also strengthen the transmission of monetary policy.
 The Bangko Sentral ng Pilipinas (BSP) bagged the “Best Recirculation/ Distribution Initiative or Innovation” award from the International Association of Currency Affairs (IACA) for its rollout of Coin Deposit Machines (CoDMs) across Metro Manila.
 The Philippines has emerged as the fastest-growing internet economy in Southeast Asia, based on the recent report by Google, Temasek, and Bain & Company. The 9th edition of the Google e-Conomy SEA Report showed a 20% growth of the overall digital economy based on Gross Merchandise Value, surging from USD 26 billion to USD 31 billion in 2024.
 The Bureau of the Treasury (BTr) has announced the implementation of a streamlined tax treaty procedure for non-resident investors of Government Securities (GS). This initiative is a part of the Bureau’s ongoing efforts to attract foreign participation in the GS market and strengthen the domestic capital market.
 The Insurance Commission (IC) recently issued the first takaful operator's licenses to Pru Life Insurance Corporation of U.K. (Pru Life) and Etiqa Life and General Assurance Philippines, Inc. (Etiqa), respectively.
 Corporations have only less than a month left to clear their record and avoid higher fines and penalties for the late and non-filing of reportorial requirements to the Securities and Exchange Commission (SEC).
 The Securities and Exchange Commission (SEC) reinforced its commitment to ensuring the sustainability of reforms that paved the way for the Philippines’ imminent exit from the “grey list” of the global anti-money laundering watchdog Financial Action Task Force (FATF)
|
PLACE YOUR ADS HERE YOUR PAYDAY REMINDER 
FEATURED PARTNER 
FEATURED PROMOTIONS 
FEATURED MENTIONS 
PLACE YOUR ADS HERE PLACE YOUR ADS HERE For more updates about Personal Development, Financial and Investment Education. Join and Subscribe to my Newsletter. It's FREE! ABOUT THE BLOGGER
Hi, I'm Ralph Gregore Masalihit! An RFP Graduate (Registered Financial Planner Institute - Philippines). A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). Currently, I'm working my way toward time and financial freedom. Connect
|