Banking & Insurance

Investors are getting a fresh menu of peso bond options as state-owned Landbank of the Philippines and lister property developer Rockwell Land Corp. line up new offerings, tapping demand for predictable income while interest-rate expectations remain finely balanced.

The Bangko Sentral ng Pilipinas (BSP) highlighted innovation, inclusion, and integrity as key priorities for the financial sector during its annual reception for the banking community on Friday, saying the banking industry remains one of the bright spots in the economy.

Megawide Construction Corp. said it issued P1.1 billion worth of peso-denominated fixed-rate corporate notes on Friday, January 23, tapping the domestic debt market to refinance obligations and support general corporate needs.

Rizal Commercial Banking Corp. (RCBC) has strengthened its global remittance footprint after forging a strategic partnership with Digital Wallet Corporation, the operator of Smiles Mobile Remittance, Japan’s leading mobile-based overseas money transfer service.

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.