China Banking Corporation (Chinabank) is confident of its continued growth trajectory as it marked its return to the benchmark 30-member Philippine Stock Exchange Index (PSEi) last Feb. 3, 2025. The PSEi is the local bourse’s main index, providing a snapshot of the market's overall condition by...
The Bangko Sentral ng Pilipinas (BSP) expects a major Malaysian player to enter the Philippines' Islamic digital banking sector, according to a senior central bank official. “We’re also expecting of course the entry of a major player, apart from Maybank, because Maybank already has an existing...
Starting Feb. 3, 2025, the country’s first real estate investment trust AREIT Inc. will debut at the Philippine Stock Exchange’s 30-company benchmark index while China Banking Corporation will return to the PSEi after almost 14 years. In a statement, the PSE said the two firms will join the PSE...
China Banking Corporation (Chinabank) has partnered with ACEN Renewable Energy Solutions (ACEN RES), a subsidiary of the Ayala Group, to transition its two main facilities to clean energy. In a statement, the bank said the move is intended to reduce its carbon emissions and contribute to the...
Rizal Commercial Banking Corporation (RCBC) has raised $350 million from the U.S. dollar debt markets through its $4 billion Medium Term Note Program. In a disclosure to the Philippine Stock Exchange, the bank announced the successful pricing of its five-year Senior Unsecured Fixed Rate...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) has issued the initial price guidance at five-year US Treasury plus 145 basis points for its planned offering of benchmark-sized US-dollar senior unsecured sustainability notes. In a disclosure to the Philippine Stock Exchange (PSE), the...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) plans to raise fresh funds through a benchmark-sized offering of US-dollar senior unsecured sustainability notes via a drawdown under its $4 billion Medium Term Note Program. In a disclosure to the Philippine Stock Exchange, the bank said it...
China Banking Corporation (Chinabank) is planning to raise up to P100 billion over the next three years through the issuance of retail bonds and commercial papers. In a disclosure to the Philippine Stock Exchange (PSE), the bank announced its board of directors approved the plan to conduct a...
RCBC Executive Vice President and Chief Innovations and Inclusion Officer Lito Villanueva shares insights on leveraging technology and partnerships to strengthen digital trust and combat cyber threats during the expert panel at the Digital Nation Summit, held at Bonifacio Hall, The Fort, Manila....
The peso appreciated against the US dollar for the second consecutive day on Wednesday, Dec. 4, closing at a one-month high of 58.23, primarily driven by the expected surge in overseas remittances leading up to the Christmas holidays. The peso's closing rate jumped from the previous day's close of...
Eugene S. Acevedo, president and chief executive officer of Rizal Commercial Banking Corp. (RCBC), recently became a two-time author with the launch of his second book, "Reinvent and Outperform: Becoming a Better Leader." The event was graced by no less than the bank's chairman, Helen Y. Dee, the...
The Yuchengco Group’s Rizal Commercial Banking Corporation (RCBC) posted a 31 percent drop in unaudited consolidated net income to P6.2 billion for the first nine months of 2024 from the P9.03 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the...
