More Filipinos are securing insurance coverage, with total premiums rising 13.2 percent year-on-year as of end-September, data from the Insurance Commission (IC) showed. The domestic insurance industry recorded total premiums of ₱372 billion by the end of the third quarter, up from ₱328.55 billion in the same period last year. This marks a notable jump from ₱242.84 billion at the …
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The Government Service Insurance System (GSIS) has launched a fully automated, paperless filing system for retirement and life insurance claims, allowing inactive members to submit and track applications through the GSIS Touch mobile app. Under GSIS Memorandum Circular No. 068, series of 2025, all government agencies must electronically transmit service records, retirement dates, and Leave Without Pay certifications of retiring …
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VILLAR Land Holdings Corp., led by tycoon Manuel Villar Jr., has erased more than P1.33 trillion in asset value from its 2024 books after its external auditor disallowed a sweeping land revaluation move. In new financial filings released last week, Villar Land reported audited end-2024 assets of P35.7 billion—a 97 percent drop from the unaudited March 2025 filing that showed year-end …
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THE Philippines is ranked as the seventh country most affected by storms, floods and heat waves in 2024, based on Germanwatch’s latest Climate Risk Index. Between 1995 and 2024, the Philippines experienced 371 extreme weather events, causing 27,500 fatalities and over $35 billion in economic losses, the report noted. Over 832,000 people died worldwide due to more than 9,700 extreme …
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AYALA Land, Inc. (ALI) reported a net income of P21.4 billion for the first nine months of 2025, up from P21.2 billion in the same period in 2024. Consolidated revenues for the period totaled P121.8 billion, the company said in a press release early last week. ALI has yet to release its full report for the third quarter. Revenues from …
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IN a bid to promote sustainable building practices ad renewable energy solutions, the Quezon City government has approved a landmark Green Building Code. Mayor Joy Belmonte recently led the launching of the new code, which reinforces the city’s initial green building ordinance passed in 2009. “The increasing temperatures has affected our constituents’ health and livelihood. As the city government, it …
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THE Department of Education (DepEd) confirmed massive disruptions to education in northern and central Luzon following the onslaught of Super Typhoon Uwan, which caused widespread damage to schools and displaced hundreds of thousands of learners and teachers. Based on its latest situation report, DepEd said 913,777 learners and 46,877 personnel were affected across 2,979 public schools in 18 school divisions …
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Challenging operating environment, online and other costs pull down Bloomberry’s income to P160 million. Enrique K. Razon Jr., Bloomberry Chairman and CEO, reported, “The business environment in the third quarter mirrored that of the first half of 2025. Our consolidated EBITDA declined due to ongoing softness in international high roller activity and increased expenses from the rollout of our online gaming services. However, the local market remained strong …
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The Ninoy Aquino International Airport (NAIA) earned its first-ever global customer-experience accreditation from Airports Council International (ACI) — the global association of airport authorities representing over 2,000 airports. NAIA achieved Level 1 Airport Customer Experience Accreditation for meeting international standards in managing and improving the passenger experience. ACI’s Airport Customer Experience Accreditation program is the only global framework that evaluates …
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The Bangko Sentral ng Pilipinas (BSP) emphasized the importance of reliable data in crafting policies that benefit the Filipino people. “Data is the lens through which we understand our people’s needs, and the map that helps us reach a better future,” said BSP Monetary Board Member (MBM) Rosalia V. De Leon. De Leon stressed that data enables government to measure …
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The Market Monitor Minding the Nation's Business