Malacañang has expressed hope that more banks would follow the lead of the state-run Land Bank of the Philippines (LandBank) in reducing or eliminating digital fund transfer fees to ease the burden on ordinary Filipinos. In a press briefing on Monday, July 6, Presidential Communications Office...
The Bangko Sentral ng Pilipinas (BSP) is delaying the selection of four new digital banking players as it seeks to reconcile conflicting regulatory tracks for different types of applicants. While the market anticipated the entry of the new digital lenders as early as the first quarter, BSP Governor...
Bangko Sentral ng Pilipinas Governor (BSP) Eli Remolona Jr. expects a broader wave of lenders to slash or eliminate fund transfer costs, following aggressive fee waivers by some of the country’s largest banking institutions ahead of a strict weekend regulatory deadline. Speaking at a BSP book...
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) will eliminate fees for its real-time digital fund transfers starting July 4, joining a broader industry push to spur electronic retail payments in the country. In a statement on Friday, July 3, RCBC said the lender will offer zero-fee transfers...
Continuing its recovery from last week’s sell-off, the Philippine Stock Exchange index (PSEi) rose for a third straight trading day on Monday, June 29, as easing concerns over the Middle East conflict and a stronger peso lifted investor sentiment. The main index gained 61.17 points, or 1.01...
Despite the signing of the United States (US)-Iran peace deal, local stock market investors are advised to remain cautious as the Philippine Stock Exchange’s (PSE) benchmark has lost its momentum amid concerns over lingering inflation and rising interest rates. “Failing to take 6,150, the local...
Local equities plunged back below a critical psychological threshold as worsening domestic growth forecasts and a hawkish shift in United States (US) Federal Reserve monetary policy expectations triggered a broad-based selloff. The Philippine Stock Exchange index (PSEi) slumped 133.85 points, or...
The Philippine Stock Exchange index (PSEi) fell on Monday, June 22, after Iran walked out of peace talks and closed the Strait of Hormuz again, while the Philippine government reduced its economic growth estimates due to the war and lower infrastructure spending. The main index plunged by 100.33...
Local equities face renewed downward pressure as resurfacing geopolitical friction in the Middle East and prospects of further domestic monetary tightening threaten to derail a recent market rally. Investor sentiment is turning bearish following the postponement of peace negotiations between the...
Rizal Commercial Banking Corp. (RCBC) has solidified its leadership in the shifting landscape of Philippine wealth, earning the prestigious title of Best Private Bank for Next Generation Clients at the Euromoney Private Banking Awards 2026. The recognition affirms RCBC Wealth’s strategic focus on...
RIZAL COMMERCIAL BANKING CORPORATION (RCBC) announced that it will hold its Annual Stockholders’ Meeting (ASM) virtually on June 29, 2026, at 4:00 p.m. via the official meeting platform at https://www.rcbc.com/ASM2026 . The Bank said stockholders may access the Notice of Meeting, Agenda, and the...
RIZAL COMMERCIAL BANKING CORPORATION (RCBC) announced that it will hold its Annual Stockholders’ Meeting (ASM) virtually on June 29, 2026, at 4:00 p.m. via the official meeting platform at https://www.rcbc.com/ASM2026 . The Bank said stockholders may access the Notice of Meeting, Agenda, and the...
