Why consumer first is step in the right direction

THE Philippine financial sector has consistently shown stability and resilience despite its vulnerabilities, even standing out as one of Asia’s more notable financial systems.

In 2013, the country was recognized for having the highest microinsurance penetration rate in Asia with 20 percent of its population insured. Figures from the 2014 performance, meanwhile, showed that the Philippine banking system remains sound in terms of resources, which stood at P11.5 trillion by the end of 2014, and capital adequacy ratio, which was recorded at 16.7 percent.