The Philippine insurance industry reported robust performance in 2024, with double-digit growth across key metrics, according to year-end data from the Department of Finance (DOF). Benefit payouts rose 18.97% to P160.33 billion ($2.86 billion), driven by an increase in claims. Net income climbed 15.88% to P56.29 billion (US$1 billion), marking the third consecutive year of […]

The Philippine government is actively courting British investors, urging them to take advantage of opportunities in the country’s growing economy. Finance Secretary Ralph Recto emphasized the Philippines’ potential for high returns during the Philippine Economic Briefing in London on October 31, 2024. “If you are looking for a place to grow your business and make […]