Banking & Insurance
Banks seen as economic pillar amid uncertainty – BSP
The Bangko Sentral ng Pilipinas (BSP) highlighted innovation, inclusion, and integrity as key priorities for the financial sector during its annual reception for the banking community on Friday, saying the banking industry remains one of the bright spots in the economy.
Megawide taps peso market with fixed-rate notes
Megawide Construction Corp. said it issued P1.1 billion worth of peso-denominated fixed-rate corporate notes on Friday, January 23, tapping the domestic debt market to refinance obligations and support general corporate needs.
RCBC Expands Global Reach via Japan Partnership
Rizal Commercial Banking Corp. (RCBC) has strengthened its global remittance footprint after forging a strategic partnership with Digital Wallet Corporation, the operator of Smiles Mobile Remittance, Japan’s leading mobile-based overseas money transfer service.
Philippines returns to global debt market, prices USD2.75B bond
The Philippine government has staged a strong return to the global bond markets, successfully pricing a multi-tranche U.S. dollar offering worth USD2.75 billion—its largest dollar deal in more than three years.
Visa, RCBC partner to expand debit payments nationwide
Visa has signed a new debit partnership with Rizal Commercial Banking Corporation (RCBC), a move that significantly expands access to digital payments for RCBC customers in the Philippines. Under the agreement, RCBC will issue Visa debit cards, allowing customers to pay at millions of Visa-accepted merchant locations worldwide, both in stores and online.
