Banking & Insurance
Metrobank supports ACEN renewable energy expansion program with P5B loan
Metropolitan Bank & Trust Co. (Metrobank), one of the country’s largest, has signed a P5 billion loan with ACEN, the listed energy platform of the Ayala group, to fund renewable energy expansion projects across the country.
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...
