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Largest online insurance market in Philippines launched

MANILA, Philippines — Local insurance technology startup Kwik.insure has launched the country’s largest online insurance marketplace with over 100 life and non-life insurance products from more than a dozen of the country’s top insurance and healthcare providers. The digital platform aims to help Filipinos gain democratized access to insurance products that are tailored for their […]

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PTTEP finds oil at Sirung-1 well off coast of Malaysia

PTT Exploration and Production Plc (PTTEP) has announced the discovery of petroleum at Sirung-1, a wildcat well off the coast of Malaysia’s Sarawak state, as it seeks to bolster its reserves for long-term growth. PTTEP had begun drilling at Sirung-1 in Block SK405B in January through its subsidiary PTTEP Sarawak Oil Co. The company has found […]

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Philippines: Budget gap swells to P116 billion in February

MANILA, Philippines — The government’s budget shortfall widened to P116 billion in February as pandemic response expenditures outpaced revenue collections by a wide margin, according to the Bureau of the Treasury (BTr). The latest budget deficit figure was more than three times the P37.6 billion shortfall in the same period last year, driving the year-to-date […]

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