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.
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has raised its stake in Rizal Commercial Banking Corp. (RCBC), acquiring an additional 4.46 percent equity interest worth P6.4 billion and boosting its total ownership to 24.46 percent.
Yuchengco-led Bugallon Green Energy Corp. (BGEC) has secured a P826-million loan facility from Rizal Commercial Banking Corp. (RCBC) to finance the 18.56-megaWatt alternating current Bugallon Solar Power Project (BSPP) in Pangasinan.
The leadership dispute within Lopez Inc. has intensified, with controlling shareholders aligned with Eugenio “Gabby” Lopez III flagging what they describe as a “third poison pill” tied to the leadership of Federico “Piki” Lopez at First Gen Corp..
First Gen Corp. reported a 24 percent drop in net income for the first quarter of 2026, earning P3.6 billion compared to P4.8 billion in the same period last year.
The Philippines is calling for deeper integration within the Association of Southeast Asian Nations (ASEAN), warning that stronger regional coordination is now essential as global uncertainties intensify.