Banking & Insurance
BDO raises P55.7 billion from ASEAN Sustainability Bond issuance
BDO Unibank Inc., the country’s largest lender by assets, said Thursday it raised P55.7 billion in fresh funds from the sale of peso-denominated ASEAN Sustainability Bonds.
RCBC launches new auto loan product
Yuchengco-led Rizal Commercial Banking Corp. has launched an auto loan product that extends to borrowers a lower, more affordable monthly amortization and more flexible payment terms for the privilege.
Manulife appoints new COO
Manulife Financial Corp., the local arm of insurer The Manufacturers Life Insurance Co., has appointed Rachel Marie Vizcarra as its new chief operations officer. Vizcarra has over 25 years of experience in the insurance industry, particularly in operations and business transformation.
Recto lauds decision to ban POGOs, vows to assist displaced Filipino workers with safety nets
Finance Secretary Ralph G. Recto on Tuesday lauded President Ferdinand R. Marcos, Jr.’s decision to ban the operations of the Philippine offshore gaming operators (POGOs) in the country effective 22 July 2024, and committed to assist the displaced Filipino workers with safety nets to ensure that they can have replacement jobs as soon as possible.
GoTyme claims fastest growing bank in PH
GoTyme Bank, a joint venture between the Gokongwei family and South Africa’s Tyme Group, projects hitting the 5 million depositor mark by year's end and claims the distinction as the country’s fastest growing bank.
