Banking & Insurance
DBCC recasts macro, fiscal targets amid global uncertainties
The interagency Development Budget Coordination Committee (DBCC) has revised the country's medium-term macroeconomic assumptions, growth projections, and fiscal program for 2025 to 2028 in light of mounting global risks, including geopolitical tensions in the Middle East and new U.S. tariffs.
BDO commits ₱12B to PH’s largest wind power project
BDO Unibank Inc. (BDO) has committed ₱12.04 billion in financing—35 percent of a ₱34.41 billion loan facility—for ACEN Corporation’s onshore wind power project, poised to become the largest wind facility in the Philippines. The financing is structured under a 15-year term.
Cha-Ching Program joins Bicol curriculum in country’s first
Pru Life UK and the Prudence Foundation, in collaboration with the Department of Education (DepEd) and Junior Achievement (JA) Philippines, announced the expansion of the Cha-Ching financial literacy program across the National Capital Region (NCR) and its full integration into the Bicol Region’s basic education curriculum—a national first.
PBCom declares 1st dividend since 1997
Philippine Bank of Communications (PBCom) said its board has approved a cash dividend of P1.00 per share—its first dividend declaration since a stock dividend in September 1997—highlighting significant improvements in the bank’s financial position.
RCBC launches P3-B ASEAN Sustainability Bond sale
Rizal Commercial Banking Corp. (RCBC) has launched the sale of up to P3 billion in fixed-rate, peso-denominated Series F ASEAN Sustainability Bonds, part of its P200-billion bond and commercial paper program.
