Banking & Insurance
FIRB grants ₱20.9-B tax subsidy to boost public services
The Fiscal Incentives Review Board (FIRB), chaired by Finance Secretary Ralph G. Recto, has approved ₱20.9 billion in tax subsidies for government institutions for fiscal years 2024 and 2025. The move aims to enhance public service delivery by allowing agencies to redirect resources from tax obligations to operational efficiency.
ADB to fund PH irrigation, logistics in $1.5B rice drive
The Asian Development Bank (ADB) is allocating up to USD500 million for the Philippines under a new USD1.5 billion regional program aimed at transforming rice farming practices across the Asia-Pacific, with a strong policy focus on sustainability, climate adaptation, and food security.
T-Bill yields ease as inflation continues to cool
Average yields on treasury bills continued to ease at Monday’s auction, supported by growing expectations of further monetary policy loosening amid slowing inflation.
RCBC eyes P3B from Sustainability Bond offer
Rizal Commercial Banking Corp., the country’s 6th largest lender by assets, said it aims to raise at least P3 billion with its return to...
UnionBank launches P10B bond offer
Union Bank of the Philippines, the country’s 9th largest lender by assets, began the public offering on Wednesday of its latest debt securities—aiming to raise at least P10 billion to support funding needs.
