Author Archive

  • MiMAP (RIMANSI) conducts Strategic and Work Planning with PBC MBA

    Agusan del Sur—From July 2-6, MiMAP (RIMANSI) conducted a strategic planning and work planning sessions with People’s Bank of Caraga MBA (PBC MBA) as part of the Citi Foundation and ICMIF project. The strategic planning component aims to help facilitate an MBA’s respective 3-to-5-year strategy by covering matters such as MBA operations, financing, organization targets, market strategies and the like. Meanwhile, the work plan is part of the market expansion initiative wherein MiMAP helps survey prospective partners for the MBAs to aid in growing outreach of members. This involves looking at the operations and governance of would-be ...

    Posted at July 18, 2019 | By : | Categories : Newsletter | 0 Comment
  • MiMAP (RIMANSI) holds dialogue with Insurance Commission for IFRS 17 exemption

    Manila—On July 3, 2018, the MBA technical working group and sub-working groups met with the Insurance Commission to lobby for the exemption of Mi-MBAs in the implementation and adoption of the International Financial Reporting Standard 17 (IFRS 17). Toward understanding the new standards, the Mi-MBAs, their representatives, the secretariat and the Financial & Risk Review Committee (FRRC) had several learning sessions on the IFRS 17. On June 21, 2018, the FRRC recommended to seek exemption of the Mi-MBA sector to both SEC and IC on the implementation of IFRS 17, namely for the following reasons: The adoption of IFRS ...

    Posted at July 18, 2019 | By : | Categories : Newsletter | 0 Comment
  • NGO in Pipeline – USWAG Development Foundation looking to establish own MBA

    Kalibo, Aklan—In early 2018, the United Services and Welfare Assistance Group (USWAG) Development Foundation expressed their intent to form a new MBA to service potential clients in their area of operation at Kalibo, Aklan. Throughout the year, a series of organization profiling, market research, actuarial studies and joint development meetings were conducted to prepare USWAG for the process. At the beginning, an institutional profile was collected for evaluation and formal discussions with the board began. USWAG being a member of ...

    Posted at July 18, 2019 | By : | Categories : Newsletter | 0 Comment