Banking & Insurance
RCBC backs conservative play as rates peak and uncertainty ningers
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) is urging clients to adopt a conservative investment strategy focused on short-term, low-risk instruments such as government securities, citing current economic uncertainty and high yield levels.
ADB decision on NSCR North loan expected by December
The Asian Development Bank (ADB) is seen to complete the assessment and approval of the financing package for the construction of the north section of the North-South Commuter Railway (NSCR) around December, based on ground plans by the Department of Transportation (DOTr).
BSP issues implementing rules for AFASA law
The Bangko Sentral ng Pilipinas (BSP) has issued the implementing rules and regulations (IRR) of Republic Act No. 12010, or the Anti-Financial Account Scamming Act (AFASA), marking a significant step in curbing financial fraud and enhancing consumer protection.
PH earns high marks in 2024 PEFA Report
Finance Secretary Ralph G. Recto on Wednesday welcomed the results of the 2024 Public Expenditure and Financial Accountability (PEFA) Reports launched by the Public Financial Management (PFM) Committee.
Banks boost cybersecurity amid digital threats
Banks across the Philippines are significantly increasing their technology investments, with a strong focus on cybersecurity infrastructure and operational efficiency.
