Press Release

Finance Secretary Ralph G. Recto has lauded the Insurance Commission (IC) for its 75 years of vigilant oversight of the Philippines’ insurance industry which has helped transform it into a robust and dependable sector for the Filipino people. “This transformation is evident in the industry’s sustained growth in assets, earned premiums, and investments,” he said

Strengthening the corporate bond market is high on the list of priorities of the Financial Stability Coordination Council (FSCC) in 2024. In its last meeting for 2023, the Council noted that the Philippine financial market remains strong despite fresh rounds of global geo-political risks. Assessing various measures, the FSCC believes that current market behavior is aligned with a “risk