Banking & Insurance
RCBC net income lower as expenses rose faster
Rizal Commercial Banking Corp. said Tuesday net profit in the nine months declined to P9.03 billion from P10.06 billion in the year-earlier period, hurt by the faster growth in expenses.
Treasury bill yields ease at auction as inflation slows; bids total P15B
The Bureau of the Treasury (BTr) awarded the entire P15 billion borrowing program for treasury bills at the auction on Monday as yield declined after inflation decelerated in October.
First Gen taps local banks for P20B loan
First Gen Corp. has obtained term loans from BDO Unibank Inc. and Bank of the Philippine Islands for an aggregate P20 billion.
With manufacturing loans rising, can China avoid a new supply glut?
China's leaders, determined to upgrade manufacturing, are steering money toward makers of high-tech products, from semiconductors to EVs, raising fears that overcapacity will fuel...
Account ownership promotes workers’ financial inclusion, resilience—BSP
The Bangko Sentral ng Pilipinas (BSP) is calling on employers to help their employees open and maintain transaction accounts to enable more workers to access financial services while also relieving the company of having to shoulder some of their workers’ monetary burden.
