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According to the Insurance Commission, total premiums collected under microinsurance policies amounted to P13.54 billion as of the year-end of 2023. This is a 17.35% increase from microinsurance premium collection in 2022.
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The Securities and Exchange Commission (SEC), together with the Department of Finance (DOF) and the Asian Development Bank (ADB), concluded a Joint Knowledge Sharing Event (JKSE) that introduced digitally tracked green bonds (DGTBs)to potential issuers, investors, and policy makers.
Social Security System (SSS) President and Chief Executive Officer Rolando Ledesma Macasaet urged Filipino workers to be vigilant and regularly check if their contribution records are updated as the SSS pursued delinquent employers nationwide.
The Junior Confederation of Finance Associations – Philippines (JCFAP), an organization of over 15,000 finance students from 150 schools across the country, conducted its annual National Finance Summit last April 21 at the Le Pavillon, Bay Area Central Business District in Pasay City.
The Securities and Exchange Commission (SEC) has issued guidelines for cornerstone investors in initial public offerings (IPOs), in line with efforts to boost investor participation in the capital market.
The Insurance Commission (IC) and the Integrated Bar of the Philippines (IBP) signed a Memorandum of Agreement (MOA) to provide free legal assistance to the insuring public when filing a claim or complaint arising from insurance, pre-need and health maintenance organization (HMO) products.
The Securities and Exchange Commission (SEC) has removed the minimum amount of commission that stockbrokers may charge their customers, as it seeks to spur activity in the Philippine Stock Exchange (PSE).
Has there been a compelling investment opportunity presented? Since online investments have gained popularity, eager would-be investors should be cautious since the number of related scams is also increasing.
The Philippine Stock Exchange, Inc. (PSE) has added new capabilities to its PSE Electronic Allocation System (PSE EASy) platform, which allows Local Small Investors (LSIs) to participate in initial public offers (IPOs) and follow-on offerings (FOOs). PSE EASy now includes an integrated electronic payment system, allowing LSIs to pay for subscribed shares through online banking.
The Department of Finance (DOF) presented to industry stakeholders a win-win solution to address climate change with its proposal to impose an excise tax on single-use plastic bags (SUPs).
The Securities and Exchange Commission (SEC) has started imposing higher fines and penalties for the late and non-filing of reportorial requirements by corporations.
The Securities and Exchange Commission (SEC) has proceeded with the blocking of the online presence of cryptocurrency giant Binance in the Philippines.
The Insurance Commission has doubled the benefits that may be claimed by third parties under the compulsory motor vehicle liability insurance (CMVLI).
Total premium income collected by pre-need companies amounted to P22.73 billion as of the as of year-end of 2023. This is a 7.30% increase from the P21.18 billion premiums collected in 2022.
The Department of Finance (DOF) engaged finance sector stakeholders in a briefing on March 1, 2024 on the proposed Package 4 of the Comprehensive Tax Reform Program (CTRP) that will simplify the tax structure on passive income and certain instruments and other financial products.
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