RL Commercial REIT Inc. (RCR) and its sponsor, Robinsons Land Corporation, consummated on July 16, 2024, their third property-for-share swap transaction worth P33.92 billion, although regulatory approval is still needed to complete the deal. In disclosures to the Philippine Stock Exchange (PSE) on...
Rizal Commercial Banking Corporation (RCBC) has partnered with FastPay Global Payments Inc, which has a mobile remittance app that operates exclusively in Taiwan, to serve the remittance needs of overseas Filipino workers there. The bank said that, with FastPay, overseas OFWs can send money...
Renewable power pioneer Alternergy Holdings Corporation’s subsidiary Alabat Wind Power Corporation (AWPC) has secured a P5.3-billion project finance facility from Rizal Commercial Banking Corporation (RCBC). In a disclosure to the Philippine Stock Exchange (PSE), the firm said the fund will be...
The Gokongwei Group’s real estate investment trust RL Commercial REIT Inc. (RCR) is acquiring 13 malls and office assets worth P33.92 billion from its sponsor Robinsons Land Corporation (RLC) through a stock-for-asset swap. RCR President and CEO Jericho P. Go RCR President and CEO Jericho P. Go...
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) reported that it has introduced innovative, mobile and digital-based solutions to improve payroll systems in response to the challenges faced by the banking public in their payroll experiences. In a statement, the bank said some of the challenges...
The Yuchengco group’s Rizal Commercial Banking Corporation (RCBC) has identified growth opportunities for cooperatives throughout the Philippines and has committed to deliver tailored financial solutions and support for the sector. In a statement, RCBC Head of Niche Markets and Payments Channel...
Yuchengco-led Rizal Commercial Banking Corporation reported that it has disbursed over P1 billion from its digital salary advance facility called RCBC Payday NOW in the first nine months since its full-scale launch. In a statement, the bank said RCBC Payday Now is a salary advance feature available...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) reported a 39 percent drop in unaudited net income to P2.2 billion in the first three months of 2024 from the P3.6 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said it saw a...
The Yuchengco Group’s Rizal Commercial Banking Corporation (RCBC) has teamed up with a Japanese global IT and fintech company Digital Wallet Corporation (DWC) to enhance the facilitation of cross-border digital transactions between the Philippines and Japan. In a statement, RCBC First...
As the government cannot provide viable ‘quick fixes’ to the country’s shaky power supply situation, Luzon grid will have to increase its dependency on the interruptible load program (ILP) which is underpinned by the switch-on of generating sets (gensets) of big-ticket customers that are...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) is eyeing a 27 percent growth in its consumer loan portfolio to P160 billion this year from P126 billion in 2023. In a statement, RCBC Consumer Lending Group (CLG) Head Ramil De Villa said he is confident in achieving the growth targets with...
As it is becoming apparent that the government may have been failing on its projection of ‘no red alert’ and sufficient power supply within the stretch of the summer months, the Department of Energy (DOE) is appealing to the industrial and commercial end-users in particular to pare their...
