Banking & Insurance
Philippines returns to global debt market, prices USD2.75B bond
The Philippine government has staged a strong return to the global bond markets, successfully pricing a multi-tranche U.S. dollar offering worth USD2.75 billion—its largest dollar deal in more than three years.
Visa, RCBC partner to expand debit payments nationwide
Visa has signed a new debit partnership with Rizal Commercial Banking Corporation (RCBC), a move that significantly expands access to digital payments for RCBC customers in the Philippines. Under the agreement, RCBC will issue Visa debit cards, allowing customers to pay at millions of Visa-accepted merchant locations worldwide, both in stores and online.
Maya brings digital bill payments to remote SPUG communities
Maya is expanding its digital electricity bill payment service to include households supplied by the National Power Corporation’s Small Power Utilities Group (SPUG), which provides electricity to remote and missionary areas.
InLife sells HMO, sharpens core focus
Insular Life (InLife) has completed the sale of its shareholdings in iCare HMO to Singapore-based Value-Based Health Care PF Pte. Ltd. (VBHC), marking a decisive step in the insurer’s long-term strategy to streamline operations and double down on its core strengths. The transaction remains subject to regulatory approval.
ATRAM Trust, UnionBank Trust units complete merger
ATRAM Trust Corporation (ATC) has completed its merger with UnionBank Investment Management and Trust Corporation (UBIMTC) after securing approvals from the Bangko Sentral ng Pilipinas and the Securities and Exchange Commission.
