Insurance Firms Allowed to Invest in Infra Projects

By Chino S. Leyco, Manila Bulletin The Insurance Commission has released a circular allowing insurance companies to invest in the government’s infrastructure projects. Based on the agency’s circular letter No. 2018-74, insurance and reinsurance firms may now invest in debt or equity security instruments for infrastructure projects. The insurance company may participate in the project […]
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Insurance Sector Posts Robust Income

The country’s insurance industry posted a strong net income growth in the first nine-months of the year due to increase in underwriting and investment income, the Insurance Commission said yesterday. Related Articles:BSP, DOF, IC, PDIC, and SEC to Create Financial Stability Coordination CouncilBDO on Track to Meet PhP8.1B Net Income Goal for 2010PNB Increases Stake […]
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BSP, DOF, IC, PDIC, and SEC to Create Financial Stability Coordination Council

Manila—(PHStocks)—The Bangko Sentral ng Pilipinas (BSP), Department of Finance (DOF), Insurance Commission (IC), Philippine Deposit Insurance Corporation (PDIC), and Securities and Exchange Commission (SEC) signed a Memorandum of Agreement (MOA) formalizing the creation of the Financial Stability Coordination Council (FSCC). The MOA was signed on January 29 at the BSP Complex with the principals of […]
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