Banking & Insurance
T-bill rates mixed at auction ahead of BSP policy meeting
Treasury bill (T-bill) rates were mixed in Monday’s auction, mirroring movements in the secondary market as investors awaited the Bangko Sentral ng Pilipinas’ (BSP)...
Mega ICBC backs Asialink with ₱120M for MSME lending
Asialink Finance Corp. has secured a ₱120-million credit line from Taiwan-based Mega International Commercial Bank Co. Ltd (Mega ICBC) that strengthens its capacity to extend timely and inclusive financing to micro, small, and medium enterprises (MSMEs) across the Philippines.
RCBC backs conservative play as rates peak and uncertainty ningers
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) is urging clients to adopt a conservative investment strategy focused on short-term, low-risk instruments such as government securities, citing current economic uncertainty and high yield levels.
ADB decision on NSCR North loan expected by December
The Asian Development Bank (ADB) is seen to complete the assessment and approval of the financing package for the construction of the north section of the North-South Commuter Railway (NSCR) around December, based on ground plans by the Department of Transportation (DOTr).
BSP issues implementing rules for AFASA law
The Bangko Sentral ng Pilipinas (BSP) has issued the implementing rules and regulations (IRR) of Republic Act No. 12010, or the Anti-Financial Account Scamming Act (AFASA), marking a significant step in curbing financial fraud and enhancing consumer protection.
