Banking & Insurance
Higher-for-longer interest rates seen hurting Manila output growth expansion this year
The country' local output expansion, measured as the gross domestic product (GDP), is forecast to accelerate to 5.9 percent this year from last year's 5.6 percent, the sovereign credit watcher Standard and Poor's said in commentaries published at its website.
RCBC partners with Japan fintech and remittance company Digital Wallet
The Rizal Commercial Banking Corp. (RCBC) has partnered with the Japanese IT and fintech company, Digital Wallet Corporation (DWC), to enhance the facilitation of cross-border digital transactions between Philippines and Japan.
GSIS posts 1Q net income of P37 billion
The Government Service Insurance System (GSIS) on Wednesday reported net income of P37 billion in the first three months this year, a 21 percent...
Treasury partially awards 20-year bond offer; allows average rate to rise above 7 percent
The Bureau of the Treasury allowed the average yield on bonds originally issued as a 20-year government debt paper to rise above 7 percent after rejecting most of the bids at Tuesday’s auction.
RCBC sees loan portfolio surging to P160-B this year
The Rizal Commercial Banking Corp. (RCBC) projects a 27 percent surge in its total loan portfolio (TLP) from P126 billion in 2023 to P160 billion this year, driven largely by targeted campaigns and innovative special programs.
