An insurance executive has expressed optimism that the increasing people’s interest in getting protection products, especially during the pandemic, can help buoy the sector during these challenging times. In a virtual briefing on Wednesday, Pru Life UK senior vice president and chief customer marketing officer Allan Tumbaga said insurance take-up is increasing and sentiments support this based on surveys and research. “If you look at it now, the insurance industry is growing. It may not be very fast like before but what we see is that given the pandemic, given all the restrictions we have now, people are still getting
Instead of cellphones sold online, operatives of the Manila city hall have discovered stones placed inside boxes carefully wrapped using bubble wraps and ready for shipping during a surprise inspection of an online seller depot on Wednesday. During the joint inspection at a warehouse in Paco, the Manila Police District Special Mayor’s Reaction Team (MPD-SMaRT) led by Col. Rosalino Ibay Jr. and Manila Business Permit and Licensing Office (BPLO) Director Levi Facundo found that the bulk of Lazada parcels actually contain rocks. The business establishment, identified as Apollo Electronic Accessories, is involved in the online selling of mobile phones. “It
The Philippine Economic Zone Authority (PEZA) is targeting to lure more investments from Taiwan with the signing of the bilateral investment agreement and the New Southbound Trade Treaty between the two economies. PEZA deputy director general Tereso Panga said in his personal social media account Wednesday that the investment promotion agency hopes to maintain Taiwan as one of the topmost investors in PEZA. PEZA held Global Biz with Taiwan on Tuesday which was attended by PEZA director general Charito Plaza, Manila Economic and Cultural Office (MECO) and Resident Representative to Taiwan Wilfredo Beltran Fernandez, and Taiwan Economic and Cultural Office
The seven-day term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) registered undersubscription during the auction this week, but rates of both the one and two-week tenors rose. Data released by the central bank showed that the offer volume for the seven-day TDF was increased to PHP170 billion from last week’s PHP160 billion. However, total tenders amounted to PHP160.051 billion, which the auction committee fully accepted. The average rate of the facility, which is among the central bank’s excess liquidity mopping tools, increased to 1.7371 percent from 1.7046 percent during the auction last September 22. On the other
A top official of the Department of the Interior and Local Government (DILG) here has expressed optimism in fully implementing all projects funded by the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC) in North Cotabato province this year. DILG-North Cotabato Director Ali Abdullah said Wednesday the province has a total of 36 NTF ELCAC-funded projects for 2021. Seven of the projects, all comprising farm-to-market roads, have been completed and launched in barangays La Esperanza and New Cebu in President Roxas town; Din Panaca and Bantac in Magpet; Luayon in Makilala; and Batang in Tulunan. “All the remaining
The Bureau of Customs (BOC)-Port of NAIA on Wednesday reported the confiscation of 1.1 kilos of shabu declared as clothes, slippers and food chips with a street value of over PHP7.5 million. According to the BOC, the illegal drugs concealed in two air parcels were apprehended in the Fedex warehouse in Pasay City. The prohibited items were formally turned over to Philippine Drug Enforcement Agency (PDEA) on Wednesday. The parcels which came from Malaysia were subjected to 100 percent physical examination and Canine (K-9) sweeping. During the examination, the authorities found four plastics containing white crystalline substance concealed in t-shirts.
