RCBC Leasing and Finance Corp. (RLFC), a wholly owned subsidiary of Rizal Commercial Banking Corp.(RCBC), is using fresh capital infused by Japan’s Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL) to fund its nationwide expansion in the next five years. Last month, RLFC and SMFL...
Sumitomo Mitsui Financial Group Inc. (SMFG), through Sumitomo Mitsui Finance and Leasing Co. Ltd. (SMFL) is acquiring a 30-percent equity stake in RCBC Leasing and Finance Corp. (RLFC) of Yuchengco-led Rizal Commercial Banking Corp. (RCBC). In a disclosure to the Philippine Stock Exchange (PSE),...
President Marcos has approved the merger of the United Coconut Planters Bank Leasing and Finance Corporation (ULFC) ) and Land Bank of the Philippines Leasing and Finance Corporation (LLFC). Marcos made the approval through Executive Order No. 65 dated Aug. 6. The merger has LLFC as the surviving...
Financially-plagued Phoenix Petroleum Philippines Inc, has widened its net loss within January-September stretch this year to P3.688 billion from a relatively leaner P1.0 billion in the same period in 2022. The company’s net loss before tax, as reported to the Philippine Stock Exchange (PSE), was...
Senators on Wednesday, February 15, called for an in-depth probe into the latest incident at the Ninoy Aquino International Airport (NAIA) involving a private aircraft allegedly being used for human trafficking. Lawmakers made the call after Sen. Grace Poe delivered a privilege speech exposing how...
Dominion Holdings, Inc. (formerly BDO Leasing & Finance, Inc. or BLFI) reported a net income of P3.7 million for the first six months of 2022 compared to the P29.1 million earned in the same period last year. In a statement, parent company BDO Unibank said “This was largely due to lower...
Before, the mindset, “buying what you actually need and not just want” was the common practice, where buying should have purpose (need) rather than being a useless whim (wanted). The arrival of a debilitating virus, however, changed all that. What used to be just a desire like internet...
BDO Leasing and Finance, Inc. (BLFI) posted P43.6 million profit in 2021 derived mainly from fair value gain from investments in Unit Trust Investment Funds (UITFs). In a disclosure to the Philippine Stock Exchange, the firm said its 2021 results were higher compared to P5.8 million earnings from a...
BDO Leasing & Finance, Inc. (BLFI) registered net income of P39.8 million in the first nine months of 2021 even though it has stopped operations since last year. In a disclosure to the Philippine Stock Exchange, the firm said the earnings were derived solely from fair value gain from...
Toyota’s KINTO One flexible lease program offers a convenient, comprehensive way to lease a vehicle Let us say that you want to buy and own a car but you are still undecided due to various reasons and you just want to experience driving one for some time. Or you are a person who frequently...
ORIX METRO Leasing and Finance Corporation (ORIX METRO), a unit of the Metrobank Group, was assigned a high issuer credit rating of PRS Aa plus (corp.)with a Stable outlook by Philippine Rating Services Corporation (PhilRatings). A company rated PRS Aa (corp.) differs from the highest rated...
BDO Leasing and Finance, Inc. (BDOLF) reported the inet profits surged to P252.3 million last year from P46.8 million in 2019 on the back of stable asset yields and lower funding costs. In a disclosure to the Philippine Stock Exchnage, the firm said total expenses dropped by 34 per cent to P2.0...
