SM Investments Corporation, the flagship of the Sy family, reported a nine percent growth in consolidated net income to P60.9 billion in the first nine months of 2024 from P55.9 billion in the same period last year on stronger earnings of its banking and property units. In a disclosure to the...
Low-cost Asian manufacturers may benefit from Donald Trump's forthcoming return to White House, despite the likelihood of weaker Asian currencies, including the Philippine peso, according to the think tank Capital Economics. “Asian currencies have depreciated against the US dollar since the...
Homegrown instant payment systems provider Higala Group Inc. has partnered with Yuchengco-led Rizal Commercial Banking Corp. (RCBC) to roll out the SynerFi platform for small lenders’ digital transactions in the countryside. SynerFi’s open-payments infrastructure grants customers of rural banks...
China Banking Corporation (CBC or Chinabank) booked a 13 percent growth in net income to a record P18.4 billion in January to September 2024 from P16.2 billion in the same period last year on the back of sustained strong growth from core businesses. In a disclosure to the Philippine Stock Exchange...
Gotianun-led EastWest Banking Corporation posted a 20 percent growth in net income to P5.8 billion for the first nine months of 2024 on the back of higher income-generating capacity, boosted by favorable securities trading in the third quarter. In a disclosure to the Philippine Stock...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) is raising fresh funds from overseas with the $1 billion increase in its Medium Term Note Programme from $3 billion to $4 billion. In a disclosure to the Philippine Stock Exchange, the bank said that, together with the increase in its MTNP,...
Rizal Commercial Banking Corporation of the Yuchengco Group has launched RCBC Pay, another payment solution that allows RCBC Mastercard credit cardholders to make secure, contactless payments using their NFC-compatible Android smartphones. RCBC Pay leverages advanced Near Field Communication...
Executives from Rizal Commercial Banking Corporation (RCBC), Versa Networks, Trends and Technologies, and VSTECS Phils., Inc. came together for the ceremonial contract signing and presentation of a plaque of appreciation to RCBC. This contract marks the largest deployment of Versa Secure SD-WAN in...
Key stakeholders lead ribbon-cutting ceremony, from left: Engr. Al-Zamir Lipae, Regional Director for Region 9, Department of Trade and Industry; Ms. Judith E. Sungsai, Managing Director, Financial Supervision Sub-Sector 1, Bangko Sentral ng Pilipinas (BSP); His Excellency Dato Abdul Malik Melvin...
Yuchengco-led Rizal Commercial Banking Corporation is warning the public that fraudsters, disguised as valid merchants on e-commerce sites and platforms, are now scamming online users. The bank said fraudsters may create fake profiles that appear legitimate, offering high-demand goods at...
Rizal Commercial Banking Corporation (RCBC) of the Yuchengco Group posted a 12 percent improvement in unaudited consolidated net income to P4.5 billion for the first half of 2024. The bank said in a disclosure to the Philippine Stock Exchange (PSE) that profit growth was supported by a 12 percent...
EastWest Banking Corporation (EW) registered a six percent hike in net income to P3.5 billion for the first half of 2024 from P3.3 billion in the same period last year on the back of consistent core revenue growth from a bigger asset base and higher yields. In a disclosure to the Philippine Stock...
