Coal power projects are strutting back, and the developers are swinging “the need for baseload demand” as their backstage pass to justify new projects. Even Energy Secretary Sharon Garin is waving the green flag for coal, signaling to the media that if moratorium-exempt projects clear the...
Expectations of further cuts in key borrowing costs as early as this month have grown stronger, driven by last month’s nearly six-year low inflation and lingering economic threats from United States (US) tariffs. Following the below one-percent headline print in July, private-sector economists...
Private-sector economists expect the Philippine economy to have expanded at a faster pace in the second quarter, compared to the first three months, driven by robust household consumption during the midterm election period, even amid external headwinds. The consensus growth forecast stands at 5.6...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) announced the appointment of Reginaldo Cariaso as its new president and chief executive officer (CEO) effective Tuesday, July 1. Cariaso will be taking over the role that Eugene S. Acevedo held for nearly seven years, beginning in 2019. RCBC...
Rizal Commercial Banking Corporation (RCBC) has been recognized as the Philippines ' Best Bank for Succession Planning by the Euromoney Private Banking Awards 2025, an acknowledgment of its dedication to helping Filipino families preserve and transfer their wealth across generations. This...
Filipinos may expect more efficient banking as Yuchengco-led Rizal Commercial Banking Corp. (RCBC), in partnership with Manila-based Hungry Workhorse, is set to roll out application programming interface (API)-supported digital financial products in the bank’s improved digital marketplace in the...
The San Jose Green Energy Corp. (SJGEC) announced it has secured a half-billion-peso loan with Rizal Commercial Banking Corporation (RCBC) following the final stages of approval for its new solar power project in Nueva Ecija. In a disclosure to the Philippine Stock Exchange on Monday, June 16,...
Remote and underserved tourist areas will soon gain improved access to banking services as the Department of Tourism (DOT) partners with Rizal Commercial Banking Corporation (RCBC) for the nationwide deployment of ATM Go terminals. DOT Secretary Christina Garcia-Frasco and RCBC Deputy CEO and...
With headline inflation falling to its lowest level in over five years, local and international financial institutions now expect the Bangko Sentral ng Pilipinas (BSP) to cut key interest rates by a total of 75 basis points (bps) by year-end, with the first reduction likely as early as the upcoming...
Banker, physicist, coder, professor, financial planner, triathlete, mentor, thought leader – Rizal Commercial Banking Corp. (RCBC) President and CEO Eugene S. Acevedo wears these many hats. His life has been remarkable, though he would readily acknowledge he never walked this path alone. “I...
To push through with solar developments in Bataan, renewable energy (RE) firm Alternergy Holdings Corp. announced that its subsidiary secured project funding from Rizal Commercial Banking Corp. (RCBC). In a disclosure to the Philippine Stock Exchange on Friday, March 28, Alternergy said its unit...
RCBC, in partnership with Soft Space launch the RCBC Tap-to-Phone, a SoftPOS solution for Filipino MSMEs to start accepting digital payments. SoftPOS (Software Point-of-Sale) transforms NFC-enabled mobile devices into payment acceptance terminals. With RCBC’s Tap-to-Phone, merchants...
