RCBC lists sustainability bond that raised P12.2B
Rizal Commercial Banking Corp. (RCBC), the country’s sixth-largest lender, has successfully listed its Series F ASEAN Sustainability Bonds due 2028 on the Philippine Dealing and Exchange Corp. (PDEx), raising a total of P12.21 billion.
P9.2-B premium project launches at Cebu IT Park
Cebu Landmasters, Inc. (CLI), in partnership with Japan’s NTT Urban Development Asia, has launched The Wave Towers, a P9.2-billion premium residential development in Cebu IT Park, marking a major milestone in the city’s high-end urban living segment.
Over 8,000 barangays prone to landslides, flooding
The Mines and Geosciences Bureau (MGB) has identified 8,170 barangays nationwide as prone to rain-induced landslides and flooding due to Tropical Depression Crising, expected to affect the country from 16 to 19 July.
Globe expands clean energy use with 3,000 sites set for transition by 2028
Globe Telecom is scaling up its commitment to renewable energy, announcing the transition of more than 3,000 low-energy sites in Metro Manila and Region IV-A to 100 percent renewable energy (RE) by 2028.
Proposed US remittance tax raises concerns over impact on dollar inflows
A proposed 1 percent tax on overseas remittances currently being deliberated in the US Congress has sparked concern among Philippine policymakers, given its potential to reduce a key source of foreign exchange for the economy—even as only a minority of Filipinos directly receive such remittances.
