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Execs cite factors that will drive PH insurance sector growth

INSURANCE BOOST. View of Makati, the country's financial hub. The continued recovery of the domestic economy is seen as a boost to the growth of insurance penetration in the Philippines, stakeholders said on Friday (June 17, 2022).(PNA file photo) MANlLA - Insurance penetration in the Philippines has been improving but challenges remain, thus, the need to further boost financial literacy, among others, stakeholders said. At around 2 percent of gross domestic product (GDP) insurance penetration rate, Insurance Commissioner Dennis Funa, in a reply to questions from the Philippine News Agency (PNA) said on Friday the level of people with insurance coverage remains low compared to other jurisdictions in the Association of Southeast Asian Nations (Asean). He, however, noted that "the insurance penetration rate has been increasing consistently and continuously over the years." "We are somewhere in the middle in the Asean rankings. The biggest hurdle is the growth of the mi ....

Dennis Funa , Raoul Antonioe Littaua , Philippine News Agency , Association Of Southeast Asian Nations Asean , Insurance Commissioner Dennis Funa , Southeast Asian Nations , Insular Life , Chief Executive Officer Raoul Antonio , Insurance Boost View Of Makati , He Country 39s Financial Hub The Continued Recovery Of Domestic Economy Is Seen Asa Boost To Growth Insurance Penetration In Philippines , Takeholders Said On Friday June 17 , 022 Pna File Photo Manlla Insurance Penetration In The Philippines Has Been Improving But Challenges Remain , He Need To Further Boost Financial Literacy , Mong Others , Takeholders Said At Around 2 Percent Of Gross Domestic Product Gdp Insurance Penetration Rate , Insurance Commissioner Dennis Funa , Na Reply To Questions From The Philippine News Agency Pna Said On Friday Level Of People With Insurance Coverage Remains Low Compared Other Jurisdictions In Association Southeast Asian Nations Asean He , Oted That Quot The Insurance Penetration Rate Has Been Increasing Consistently And Continuously Over Years We Are Somewhere In Middle Asean Rankings Biggest Hurdle Is Growth Of Income Sector Which Can Easily Afford Premiums , Uot Funa Said He People From The Low Income Sector Are Not Far Behind Because They Can Buy Microinsurance , She Said , Uot Has Also Been Growing Over The Years Quot Funa Added That Financial Literacy Amongst Filipinos Needs Improvement But Cited We Have Seen Significant Improvements In This Regard Government Does Not Havea Specific Growth Target For Insurance Penetration Several Programs Such As And Adoption Of Digital Initiatives Will Help Increase Number Who Coverage , E Said Quot The Insurance Sector In Country Is Vibrant With An Improved Gdp , E Will See Further Growth In The Insurance Sector , Uot Funa Added Relatively , Nsular Life Inlife President And Chief Executive Officer Raoul Antonioe Littaua Said Ideally Insurance Penetration Ofa Country Should Be Around The Same Growth As Its Domestic Output , Hich For The Philippines Is About 6 Percent Before Pandemic He Cited Need To Enhance Financial Literacy Programs In Country And Strengthen Lessons Even Schools Quot Because Of Low Level Penetration Rate We Havea Lot Elbow Room Grow ,

Syntax Launches Stratified Total Market II ETF

Syntax Advisors LLC has launched the Syntax Stratified Total Market II ETF (NYSE Arca: SYII), which is available to trade on the NYSE Arca. ....

James Thomas Wolfe , York Stock Exchange Arca , Vantage Consulting Group Inc , Syntax Advisors , Syntax Stratified Total Market , New York Stock Exchange , Stratified Weight , Consulting Group , Xchange Traded Funds , Stock Market , Ew Etfs ,

Demilitarization Of East Aegean Islands Is A Must For A Real Peace

Greece s militarization of the islands contradicts the Lausanne Peace Treaty s purposes. Thus, Türkiye has a right to suspend Article 12 of the Treaty. ....

Perifereia Voreiou Aigaiou , Aegean Sea , Oceans General , Aegean Islands , France General , South Aegean , Perifereia Notiou Aigaiou , Turkey General , Dodecanese Islands , Midilli Mytilene , Ahikerya Nikaria , Sisam Samos , Vienna Convention , National Assembly , United Nations , Aegean Army , Anadolu Agency , Must For , Lausanne Peace Treaty , Paris Peace Treaty , East Aegean , East Aegean Islands , Peace Operation , Grand National Assembly , Eastern Aegean Islands , Peace Treaty ,

Poll bets' posters turned into eco-bricks in Ilocos Norte

PLASTIC BRICKS. A worker uses a shredding machine to cut into pieces the donated posters of candidates in this undated photo in Piddig, Ilocos Norte. These shredded plastics are combined with sand to make hollow blocks for building materials. (Photo by Leilanie Adriano) LAOAG CITY - Dismantled campaign posters of national and local candidates in Ilocos Norte are put into good use as these are now shredded and turned into "eco-bricks." "Thank you to everyone who donated their plastics," said Mj Apostol, manager of the Ilocos Norte eco hub that collects used plastics and converts them as part of building materials. Located in Tonoton village in Piddig town, about 12 kilometers from downtown Laoag, the first eco-hub facility in the province is now in full swing. The facility is a joint undertaking of the Ayala-led renewable energy corporation, Green Antz Builders, with the provincial and municipal governments. Apostol said all types of plastic materials are accepted at ....

La Union , Ilocos Norte , Green Antz Builders , Plastic Bricksa Worker Usesa Shredding Machine To Cut Into Pieces The Donated Posters Of Candidates In This Undated Photo Piddig , Locos Norte These Shredded Plastics Are Combined With Sand To Make Hollow Blocks For Building Materials Photo By Leilanie Adriano Laoag City Dismantled Campaign Posters Of National And Local Candidates In Ilocos Put Into Good Use As Now Turned Quot Eco Bricks Thank You Everyone Who Donated Their , Uot Said Mj Apostol , Anager Of The Ilocos Norte Eco Hub That Collects Used Plastics And Converts Them As Part Building Materials Located In Tonoton Village Piddig Town , Bout 12 Kilometers From Downtown Laoag , He First Eco Hub Facility In The Province Is Now Full Swing Isa Joint Undertaking Of Ayala Led Renewable Energy Corporation , Green Antz Builders , Ith The Provincial And Municipal Governments Apostol Said All Types Of Plastic Materials Are Accepted At Facility To Help Province Recycle Its Instead Dumping Them In Sanitary Landfills Quot Beside Tarpaulins , E Are Also Accepting Clean And Dry Plastic Bottles , Junk Food , Tetra Packs , Nd Detergent Sachets Among Others , Uot Apostol Said Since Its Inauguration Last July 2021 , He Facility Has Hired Additional Manpower , Ncluding Six Graduates Ofa Recent Training On Labor And Machine Operations The Are Now Permanent Employees At Eco Hub As Of May 26 , He Facility Can Produce At Least 60 Hollow Blocks And 193 Bricks Ina Day While Eco Are More Expensive Per Unit Compared To Traditional , Hese Reduce The Overall Cost Of Building Construction And Operation They Also Allow For Greater Insulation , Rastically Reducing Energy Consumption , Esulting In Lower Electricity Costs And Environmental Impact Some Of The Finished Products Have Been Tested Construction Pavement Ina School Pagudpud , S Well As In Other Parts Of The Country Pna ,

ATMs in NCR should be polymer-ready by end-'22: BSP exec

POLYMER BILLS. Banks in the National Capital Region should have their automated teller machines fully-capable of issuing and accepting polymer banknotes by end-2022. Also, banks outside the national capital should be ready for this service by June 2023. (Photo from BSP) MANILA - Banks in the National Capital Region (NCR) should have their automated teller machines (ATMs) fully capable to service polymer notes by end-2022 while those in areas outside NCR by June 20, 2023. The Bangko Sentral ng Pilipinas (BSP) started issuing the PHP1,000 polymer banknotes last April and it aims to issue an initial 10 million pieces as part of its test circulation. It targets to issue 500 million pieces of the said denomination of polymer banknotes by 2023 and BSP Bank Officer IV Xyza Jane S. Templonuevo said the target is doable. "We have a schedule that we follow so if ever we will encounter challenges we will adjust such that we will definitely reach the target of issuing 500 million pieces in ci ....

Bangko Sentral , Xyza Janes Templonuevo , National Capital Region , Polymer Bills Banks In The National Capital Region Should Have Their Automated Teller Machines Fully Capable Of Issuing And Accepting Banknotes By End 2022 Also , Anks Outside The National Capital Should Be Ready For This Service By June 2023 Photo From Bsp Manila Banks In Region Ncr Have Their Automated Teller Machines Atms Fully Capable To Polymer Notes End 2022 While Those Areas 20 , 023 The Bangko Sentral Ng Pilipinas Bsp Started Issuing Php1 , 000 Polymer Banknotes Last April And It Aims To Issue An Initial 10 Million Pieces As Part Of Its Test Circulation Targets 500 The Said Denomination By 2023 Bsp Bank Officer Iv Xyza Janes Templonuevo Target Is Doable Quot We Havea Schedule That Follow So If Ever Will Encounter Challenges Adjust Such Definitely Reach Issuing In , Uot She Said Duringa Briefing On Friday Bsp Authorities Have That Issuing Polymer Notes Is More Cost Effective Because It Has Longer Life Span Compared To The Current Paper They People Can Easily Wipe Clean Currency Bills , A Plus Vis The Ongoing Virus Induced Pandemic It Also Has Security Features That Use Advanced Technology , Hich Monetary Authorities Said Isa Good Deterrent Against Counterfeiting The Php1 , 000 Polymer Banknote Is Being Issued Alongside The Php1 , 000 Paper Notes The Bsp Is Currently Outsourcing Manufacturing Of Polymer Banknotes While It On Test Circulation Phase Templonuevo Said Among Metrics They Are Monitoring During Period Include Cost Effectiveness , Digital Capability , Nd Environmental Impact And Results Of These Will Be Compared To The Experiences Other Central Banks That Have Issued Same Currency Type Quot Issuance Full Set Depend On This Circulation Test , Uot She Added Pna ,