Banking & Insurance
Globe takes out P22 billion from lenders for refinancing, network upgrade
Globe Telecom Inc. on Friday reported taking out a P22 billion loan from local banks to finance network upgrades and to restructure existing debt.
R&I upgrades Manila credit standing to A minus
Japan’s Rating and Investment Information, Inc. (R&I) has upgraded the country's credit rating to A minus (A-) with stable outlook, which reflects robust investor confidence in the country’s high economic growth, strong fiscal position, and promising outlook.
Average rates on shorter-dated treasury bills higher at Monday’s auction
Yield on shorter-dated treasury bills rose at the auction Monday, days after the Philippine Statistics Authority reported that July inflation overshot the Bangko Sentral ng Pilipinas target range of 2 percent to 4 percent.
RCBC supports responsible credit card use among young Filipinos
The Rizal Commercial Banking Corp. (RCBC) is actively advocating for responsible credit card use among young adults.
BPI Cebu Main branch declared an important cultural property
Representatives from the National Museum of the Philippines (NMP) and the National Commission for Culture and the Arts (NCCA) recently unveiled a marker declaring the building of BPI Cebu Main branch as an Important Cultural Property (ICP).
