Day: May 21, 2025

Manila: The commissioning and inclusion of the brand new guided-missile frigate, the BRP Miguel Malvar (FFG-06), to the Philippine Navy’s (PN) fleet will enhance the country’s capability to protect its maritime territories, a ranking naval official said Wednesday. According to Philippines News Agency, “BRP Miguel Malvar is a welcome addition to the Philippine Navy. Her modern capabilities will allow us greater and longer operational reach as we continue to perform our mandate of securing our seas,” PN spokesperson for the West Philippine Sea, Rear Admiral Roy Vincent Trinidad, said in a message. Trinidad also said the BRP Miguel Malvar is

Manila: Insurance penetration and density, representing the average spending of each individual on insurance, improved as of end-March this year, the Insurance Commission (IC) announced Wednesday. According to Philippines News Agency, the IC reported that insurance penetration rose to 1.89 percent in the first quarter of the year from 1.78 percent in the same quarter last year. Insurance density also saw an increase of 13.40 percent, rising from PHP965.56 to PHP1,094.9 per capita. These figures were derived from the unaudited Enhanced Quarterly Reports on Selected Financial Statistics by 127 of the 129 insurers and mutual benefit associations as of the

Manila: SM Prime Holdings, Inc. is set to invest PHP1.7 billion in the development of an 18,000-square-meter trade hall, the SMX Center for International Trade and Exhibitions (SMXCITE), aimed at establishing Metro Manila as a premier location in Southeast Asia for international trade expositions. The project is scheduled to be completed by the first quarter of 2027 within the SM Mall of Asia (MOA) Complex. According to Philippines News Agency, SM Prime stated that the new Meetings, Incentives, Conferences, and Exhibitions (MICE) venue will comprise two buildings designed to host international trade shows, product launches, corporate gatherings, and large-scale consumer