Banking & Insurance
Monetary Board approves $3.21B public sector foreign borrowings in 4Q 2024
The Bangko Sentral ng Pilipinas (BSP) has approved USD3.21 billion in medium- to long-term foreign borrowings for the public sector in the fourth quarter of 2024.
BDO partners with Ashikaga Bank to boost Japanese investments in PH
BDO Unibank Inc. (BDO) has strengthened its position as a key player in supporting foreign business growth in the Philippines through a new partnership with Japan’s Ashikaga Bank, Ltd. (ABL).
Uncertainty in Asian equity markets signals need for cautious investment, Manulife says
Manulife Investment Management on Wednesday highlighted the prevailing uncertainty in Asia's equity markets as 2025 begins, driven by a mix of geopolitical tensions, leadership transitions, and shifting fiscal and interest rate environments.
RCBC raises $350M from 5-year notes with 5.375% coupon
Rizal Commercial Banking Corp., the country's sixth-largest bank by assets, said on Wednesday it successfully priced a 5-year bond that will raise USD350 million, marking its return to the international USD-denominated debt market.
CIMB Bank PH generates P60-B new deposits with 25% interest rate promo
CIMB Bank Philippines, a digital-only bank, attracted P60 billion in new deposits in just two months under a promotional campaign offering a 25 percent annual return on customer deposits.
