Philippine President Aquino Opens New Hospital in Cebu
CEBU, PHILIPPINES – Philippine President Benigno Aquino III, who is in Cebu for activities related to the Labor Day celebration, led the soft opening of the 300-bed Level 2 hospital…
Grenade Blast in Southern Philippines Hurts Three
COTABATO, PHILIPPINES – At least three persons were confirmed injured in a grenade explosion in a small village in Barangay Tomado, Aleosan, North Cotabato, south of the Philippine capital of…
Regulator Sets New Policy For Philippine Banks That Want To Sell Insurance
MANILA, PHILIPPINES – The Insurance Commission (IC) of the Philippines now requires banks that intend to sell insurance products to first secure bancassurance agreement with insurance firms. The insurance firms…
Aspen Re names Australia, Asia-Pacific Senior Underwriters
AUSTRALIA – Aspen Re is further boosting its presence in the Asia-Pacific region by poaching two senior executives from competitors. The reinsurance unit of Aspen announced that it has appointed…
Islamic Bond Sales in Malaysia Hits 16-month High in April
MALAYSIA – Sales of Islamic bonds, also known as sukuk, in Malaysia hit its highest in 16 months in April at USD3.1 billion, figures compiled by Bloomberg showed. In another…