Category: economy

development economy Finance insurance policy

Philippines gets $400-M ADB loan for insurance sector

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MANILA, Philippines – The Asian Development Bank (ADB) on Tuesday announced a $400-million policy-based loan to help boost the Philippines’ insurance sector by creating an enabling environment for broader participation in the industry. The Insurance Reform Program, Subprogram 1, would support broader financial sector development reforms in regulation and supervision, including greater intermediation of long-term

business economy Finance

BIZ BUZZ: What trillions?

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“Trillion” has been quite the buzzword lately, especially with budget deliberations and economic data coming up. But if you’re a close follower of capital market updates, or if you just happened to stumble upon social media posts lately, you’d know that there’s yet another hot topic. READ: BIZ BUZZ: Panglao Hole symposium? Over the last

business economy hospitality tourism

Filinvest to merge hospitality units

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MANILA, Philippines – Filinvest Development Corp. (FDC) will merge eight of its hospitality units into a single company to streamline its operations. This, amid expectations that domestic tourism will continue to improve and drive economic growth. The Gotianun-led conglomerate on Tuesday disclosed that its board of directors had approved the move. Filinvest Hospitality Corp. (FHC)

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