Banking & Insurance

Chinabank (PSE: CBC) on Thursday reported a record net income of P24.8 billion for 2024, reflecting a 13 percent year-on-year growth. This performance underscores...

The Bureau of Customs at Ninoy Aquino International Airport (BOC-NAIA) intercepted undeclared foreign currencies valued at approximately P4.3 million from a departing passenger at NAIA Terminal 1 on Friday, February 21—well beyond the USD 10,000 limit.

Rizal Commercial Banking Corp. (RCBC), led by the Yuchengco Group, has launched a digital payment solution for the country's micro, small, and medium enterprises (MSMEs). On Monday, the bank unveiled its partnership with fintech-as-a-service provider Soft Space to introduce RCBC Tap-to-Phone, a SoftPOS (software point-of-sale) solution that enables businesses to accept digital payments effortlessly.

Security Bank Corp. announced on Monday that it is enhancing its auto loan offerings and positioning itself as one of Tesla’s preferred financing providers in the Philippines. The collaboration aims to make owning the electric vehicle (EV) a more accessible and seamless experience for Filipinos.

Masato Kanda officially assumed the role of the 11th president of the Asian Development Bank (ADB) today, Monday, signaling a new phase in the institution's leadership. Kanda, who succeeds Masatsugu Asakawa, brings nearly four decades of experience in international finance and development policy, having previously served as Japan’s vice-minister of finance for international affairs. His leadership is expected to bolster ADB’s efforts to tackle pressing development challenges in Asia and the Pacific.