Sun Life Financial Resilience Report: Millennials are most financially literate generation of Filipinos, but many lack a plan of action

Sun Life Asia released its inaugural “Sun Life Asia Financial Resilience Index”, which examines the financial behaviours and beliefs of individuals in eight markets across the region, and the barriers they face in building long-term financial security. The Index shows that while Filipino millennials have the highest levels of financial resilience, many still lack a plan of action – a key pillar of financial resilience.   

The Sun Life Asia Financial Resilience Index is based on a survey of 8,000 people in eight markets: the Philippines, Malaysia, Singapore, mainland China, Hong Kong SAR, India, Indonesia, and Vietnam.  Key findings include: 

Millennials are the most resilient generation

The survey of 1,000 people in the Philippines found that millennials are the most financially resilient generation. They are more optimistic about their financial futures than their Baby Boomer peers (80% vs. 71%) and Gen Z peers (80% vs. 71%), but just as optimistic as their Gen X peers (80% vs. 80%). They are more likely to make financial decisions based on research than older generations (50% vs. 46%).  

Sun Life's Next Big Gig Caravan: Learn how purpose, passion, play, and profit can make you live brighter as a Sun Life Financial Advisor

Sun Life Philippines, the No. 1 life insurance company in the country in terms of premium income[1], net income[2], and total assets[3], is hosting a series of recruitment events for Financial Advisors called the Live Brighter Forum in select cities nationwide.

The series of Live Brighter Forums aims to amplify “The Next Big Gig”, a campaign that invites Millennials and Gen Zs to become a Sun Life Financial Advisor as their next income generating gig. It will kick off at the SMX Convention Center in Davao City on April 27, and continues at the Zuri Hotel in Iloilo City on May 11, SMX Convention Center at Pasay City on May 18, and Laus Group Events Centre in San Fernando, Pampanga on June 15.

Potential candidates joining the event can expect to learn more about how being a Sun Life Financial Advisor can give them unlimited income opportunities, the freedom of time, and help develop a sense of purpose as they help their clients achieve a more secure and brighter life. Real-life stories from Sun Life Financial Advisors will also be shared.

Championing Talents in Tech: Sun Life Global Solutions unveils more comprehensive diversity programs for 2024

Sun Life Global Solutions (SLGS) Philippines team and Executives, (First row from left to right) Maria Theresa  Claudio – Associate Director for Governance Risk and Compliance, SLGS Philippines, Pooja Mehtani - General Counsel of SLGS, Tarun Sareen - Managing Director, SLGS, Shiv Ranjan - Head of Technology Management and Transformation, SLGS, Nathalie Bernardo - Vice President and Site Head, SLGS Philippines, Atty. Hannah Anonuevo - Head of Legal, SLGS Philippines, Tony Alonzo – Head of Enterprise Infrastructure Services, SLGS Philippines, (Second row from left to right) Dang Lopez- Head of Human Resources and Communications, SLGS Philippines, Rajeev Bhardwaj –  VP & Chief Human Resources Officer SLGS, Kshitij Kohli – Head of Operations, SLGS Philippines, Criselda Torres-Gomez – Director of SLGS Philippines Canadian Call Center, Ada Mae David – Head of Portfolio Management, SLGS Philippine, Lea Ruiz- Head of Services and Products, SLGS Philippines and Lowell Tortona – Head of Digital Delivery, SLGS Philippines  during the SLGS Quarter 1 Town Hall and Innovation Month Grand Finale.  

Alsons Dev Offers Fun Activities For Families at Northtown Center

Northtown Center is an integrated town center with retail, commercial, and institutional components. 

This summer, fun-filled venues and ventures await in Northtown Center, an up-and-coming lifestyle hub by Alsons Development and Investment Corporation (Alsons Dev) in Cabantian, Davao City.

Sprawling spaces for outdoor fitness, play, and sports

Personal Finance Checkup: Top 10 smart financial decisions to make today

There is no better time to make the best financial decisions than now.

Every day is a chance to make better choices and one of the areas of our lives that would greatly benefit from a determination to improve and make smarter decisions on would be on finances. The less financial stress to deal with, the better life becomes. The more one gets to take care of financial wellness means greater chances of financial freedom.

According to the 2023 Financial Readiness Survey of major life insurance firm Sun Life Grepa Financial, Inc. (Sun Life Grepa), Filipinos have a clear sense of financial priorities but lack financial preparedness when it comes to securing protection instruments to achieve goals and address needs. Only less than 10% of the respondents claim full financial preparedness. Those who are fully or somewhat prepared when it comes to having emergency funds are at 34%, 32% are prepared for major goals, 32% readiness for personal health and 30% for investments.

PRUBabies receives back-to-back international awards

Pru Life UK's free insurance coverage for newborns lauded for making protection accessible to more Filipino families

PRUBabies, Pru Life UK's free insurance coverage against select infectious diseases for newborns, bagged Silver and Bronze Stevie® Awards for Community Relations/Public Service Communications and Innovative Achievement in Diversity & Inclusion, respectively.

As a testament to the company's commitment to driving financial inclusion in the country, Pru Life UK offered 175,000 free vouchers of PRUMedCare – Select Infectious Diseases coverage for newborns from 7 days to 11 months old, helping parents protect their newborns against the cost of getting sick from any of the covered four infectious diseases – Dengue, Typhoid, Measles and Malaria. 

QBO, ITC, DTI, Propel Filipino Startups onto the Global Stage through ARISE Plus Philippines

Twelve Filipino youth-led startups were unveiled during the kickoff event, marking the beginning of a transformative journey as they go on a 14-week training program designed to bring their business towards international success.

The Arise Plus Philippines Young Entrepreneurs (YE)! Boost Accelerator Program, funded by the European Union and led by the International Trade Centre, in partnership with the Department of Trade and Industry - Competitiveness Innovation Group (DTI-CIG) and QBO Innovation Hub, has just launched its 3rd Cohort. Twelve Filipino youth-led startups were unveiled during the kickoff event, marking the beginning of a transformative journey as they go on a 14-week training program designed to bring their business towards international success.

Filipinos Gain Easier Access to Insurance with SeaInsure and Igloo Partnership

IN PHOTO (L-R): Christopher Young, Insurance Business Leader, SeaInsure General Insurance Co., Inc.; Rebecca Dela Cruz, President, SeaInsure General Insurance Co., Inc.; Stephen Segismundo, General Manager, Igloo Insurance Brokers Inc.; Jose Arceo, Head of Placement, Igloo Philippines.

Filipinos can now easily access various personal and family insurance plans from SeaInsure Philippines through Igloo Philippines’ AI-powered app, Ignite by Igloo.

Landco Pacific Corporation Receives Accolades from the Global Economics Awards

Landco Pacific Corporation, a subsidiary of Metro Pacific Investments Corporation (MPIC) helmed by Chairman Manuel V. Pangilinan, has received accolades at the 2023 Global Economics Awards recently held in Bangkok.

From left: H.E. Artur Dmochowski, Ambassador of Poland in Thailand presented the Global Economic Awards to Landco Pacific Corporation as the Best Leisure Real Estate (Resort Estate) Developer of the Year to Landco Pacific Corporation as represented by CFO Marycris Panganiban, Sales Admin & Documentation Head Rosemarie Napao and Treasury Head Carmela Landicho.

In its citation, Global Economic Awards named Landco Pacific Corporation as the Best Leisure Real Estate (Resort Estate) Developer of the Year. In the leadership category, Landco CEO Erickson Y. Manzano was recognized for his Outstanding Contribution Towards Sustainability in Real Estate Development.

Landco Pacific Corporation Acclaimed as One of the Top Real Estate Companies by BPI Bank

Landco Pacific Corporation, known for pioneering premium landscapes for more than 30 years and a subsidiary of Metro Pacific Investments Corporation (MPIC), was recently conferred the honor of being one of the Top Local Developers in Title Delivery Performance at the “Padayon Together We Can Do More” 2024 BPI Partners Appreciation Night held at the Fort Santiago. BPI’s annual recognition program aims to acknowledge the bank’s valued partners and promotes excellence in the real estate industry.

“We are grateful to BPI, one of our key partners, for recognizing our commitment to deliver exceptional service to our clients so that they will have a smooth processing of their loan proceeds upon completion of necessary documents. This allows our clients to breathe life to their dream of leisure and resort living through hassle-free investment on Landco Pacific’s latest development of BeachTowns in Batangas and Davao,” stated Marycris L. Panganiban, Chief Finance Officer, Landco Pacific Corporation.

Alsons Dev earns top honors at the BPI Partners Appreciation Night

Alsons Dev’s recent recognition from BPI is a testament to its commitment to providing efficient, high-quality real estate services.

Alsons Development and Investment Corporation (Alsons Dev) solidifies its standing as an award-winning real estate developer in Davao City by garnering accolades in title delivery and production during the recent Bank of the Philippine Islands (BPI) Partners Appreciation Night. The event, which took place on March 14th at Plaza Moriones, Fort Santiago, recognizes BPI's top performing business partners in various categories.

While Alsons Dev has been commended at the BPI Partners Appreciation Night for the past five years, this year holds particular significance as it clinched the top honors, being the Top 1 Local Developer in Title Delivery Performance. This award underscores the company’s timely turnover of property titles to homeowners. Additionally, Alsons Dev was adjudged the Top 5 Local Developer in Production based on the number of BPI housing loans booked by the company’s clients. The developer's capacity for both speed and volume are a testament of its efficiency and dedication to top-notch customer service. It also underscores that Alsons Dev properties are a trusted choice for numerous homebuyers.

EastWest Unveils Exclusive Visayas and Mindanao Credit Card Promos: Your Ticket to Paradise

EastWest Bank, one of the fastest-growing banks in the country today and a leader in innovative banking solutions and value-filled customer offerings, is thrilled to announce a series of exclusive credit card promotions across the Visayas and Mindanao regions. Aimed at enriching the travel and dining experiences of its cardholders, these promos celebrate EastWest Bank's commitment to providing unparalleled value and convenience to its customers.

Exclusive Deals for Every Traveler

From the pristine beaches of Boracay to the vibrant city life of Cebu and Davao, EastWest cardholders can now enjoy an array of discounts and perks whenever they travel. With offers spanning deluxe accommodations, sumptuous dining, and exciting leisure activities, EastWest ensures that every getaway is both memorable and affordable.

Angel Investors Network Pushes for Advocacy and Intentionality in Empowering Filipina Entrepreneurs

Tina Di Cicco, Chairperson of MAIN’s Gender Lens Investing Committee, discussing MAIN's Gender Lens Investing strategy.

Navigating the capital-raising environment is especially challenging for women. But the investing community and the startup ecosystem can benefit from a two-pronged approach: advocacy and intentionality.

This was the statement of Tina Nepomuceno-Di Cicco, the Gender Lens Investing Committee Chairperson of Manila Angel Investors Network (MAIN), the Philippine’s largest network of angel investors, in the recently concluded FoundHer Forum, organized by a Filipino-based women-led inclusion studio, Imaginable Impact at KMC One Ayala in line with Women’s Month.

In her keynote speech, Di Cicco highlighted that advocating for and intentionally supporting women-led businesses will encourage more women to succeed and attract and grow investments.

Sun Life Philippines Continues Tradition of Being a Trusted Brand among Filipinos

Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) Sun Life of Canada (Philippines), Inc. once again bags the Platinum Award in the Life Insurance category of the recently concluded Trusted Brand Awards organized by Reader’s Digest.

The Platinum Award is considered the highest honor in the Trusted Brand Awards, as there is only one sole winner bestowed with such honor. The recognition is wholly based on consumer voting, where over 8,000 individuals in the Philippines, Singapore, Malaysia, Hong Kong, and Taiwan rate 50 categories of products and services according to their trustworthiness, credibility, quality, value, innovation, social responsibility, and understanding of customer needs. In the Life Insurance category, Sun Life was once again chosen by Filipinos as their most trusted brand.

Japan ranks as top leisure travel destination for Filipino travellers: Visa study

Visa, a global leader in digital payments, has published its most recent Green Shoots Radar study. This quarterly report analyzes consumer sentiments across various sectors, such as financial services, commerce, and travel. The study reveals a surge in travel frequency among Filipino travelers. According to the data, 24% of surveyed Filipino respondents have traveled overseas for leisure or business purposes in the past year. This trend aligns with a broader travel resurgence across Asia Pacific, with 37% of those surveyed reporting overseas travels within the same period.

Japan emerged as the top leisure destination for Filipino travelers, with 32% visiting in the past year. Singapore (22%) followed by Hong Kong (21%) and Thailand (18%) were the next most popular destinations. For business trips, Singapore led the list with 25%, followed by Japan (23%), and the United States tied with Hong Kong at 18%.