Banking & Insurance
RCBC raises record P20.5B ASEAN sustainability bonds
Rizal Commercial Banking Corp., the country’s 6th largest lender by assets, has raised a record P20.5 billion from its Series G ASEAN Sustainability Bonds, underscoring strong investor appetite for Environmental, Social, and Governance-linked debt despite a volatile rate environment.
Government budget deficit narrows in February amid revenue surge
The National Government’s fiscal position improved in February, with the budget deficit slightly narrowing to P171.2 billion from P171.4 billion a year ago, as a sharp rise in revenues helped offset faster spending growth.
Digital lender launches CIMB Prime with 3.5% interest rate and zero fees
CIMB Bank Philippines has introduced CIMB Prime, a new premium banking segment offering higher interest rates, reduced fees, and priority customer service for qualified clients.
Philippines pushes inclusive, resilient ASEAN finance agenda
As this year’s chair of the Association of Southeast Asian Nations (ASEAN), the Philippines will steer a round of financial talks, setting the tone for deeper regional cooperation to boost economic activity and expand financial inclusion across Southeast Asia.
T-bill yields mixed at auction; government debt up in February
Yields on Treasury bills were mixed at Monday’s auction, as strong investor demand built up over the past two weeks pulled down rates for shorter-dated securities, while longer tenors edged higher despite selective bid rejections, underscoring lingering uncertainty in the market.
