Banking & Insurance
PhilRating assigns Nat Re PRS A rating, stable outlook
National Reinsurance Corp. of the Philippines, the only professional reinsurer in the country, said Friday that it was assigned by the Philippine Rating Service Corp. a financial strength rating of PRS A, with a stable outlook.
Chinabank expands RippleNet partners with DeeMoney
Chinabank has broadened its global remittance tie-ups to serve Filipinos anywhere in the world using the RippleNet platform.
NLEX taps BPI for P10 billion
NLEX Corp. has obtained a P10 billion term loan from the Bank of the Philippine Islands (BPI) to fund ongoing as well as future projects.
Manila Water secures 20% of 5-year spending plan from banks this year alone
Manila Water Co. Inc., has secured a 10-year term loan for P7 billion from the Land Bank of the Philippines.
BSP continues to issue fresh banknotes, encourages use of e-aguinaldo during the holidays
The Bangko Sentral ng Pilipinas (BSP) continues to issue more fresh banknotes to enable the public to exchange old for crisp ones through the banks. Also, the BSP continues to issue lower-denomination banknotes amid unusually high demand for these.
