Banking & Insurance
Land Bank loans for rice farmers under RCEF total P2.5B
The Land Bank of the Philippines reported extending loans under the expanded rice credit assistance program of the Rice Competitiveness Enhancement Fund (ERCA-RCEF) reaching P2.5 billion as of end-April this year.
BTr awards entire P30 billion offer on strong demand
The Bureau of the Treasury awarded the entire P30 billion it offered for three-year treasury bonds sold at the auction Tuesday.
PNB eyes $300 million via offshore debt issuance
The Philippine National Bank is looking to raise at least USD300 million—around P17.5 billion—in fresh capital through a medium-term bond issuance.
Maynilad secures P10B Metrobank loan to fund 2024 capex
West Zone concessionaire Maynilad Water Services Inc. has tapped the Metropolitan Bank & Trust Co. for a P10 billion loan to bankroll its capital requirements and better to provide water service coverage and availability to consumers this year and beyond.
National Reinsurance board approves increase in directors’ stipends for meetings
Directors of the National Reinsurance Corp. of the Philippines have approved a proposal that will increase remunerations for company meetings they will attend.
