Business

RCBC unit pilots digital lending in Mindanao

MANILA -- Rizal Microbank, a subsidiary of Rizal Commercial Banking Corp. (RCBC), is testing its digital lending among corn farmers in Mindanao, and will soon further expand the financial product in other...

Makati-Taguig Skytrain project seen to begin in 2019

MANILA -- Infracorp Development, Inc., the infrastructure subsidiary of Andrew Tan’s Alliance Global Group Inc. (AGI), has expressed eagerness to start construction of its proposed 2-km. Makati-Taguig skytrain monorail project early next...

External debt indicators continued to improve in Q1: Espenilla

MANILA -- Bangko Sentral ng Pilipinas Governor Nestor A. Espenilla, Jr. announced that the Philippines' outstanding external debt stood at US$73.2 billion as of end-March 2018, marginally higher (by US$98 million or...

Senior citizens’ group seeks SSS pension loan

MANILA -- A senior citizens' organization on Thursday called on the Social Security System (SSS) to heed the clamor of pensioners for a pension loan designed especially for the needs of the...

BSP revises 2018 BOP deficit upward to USD1.5-B

MANILA -- The Bangko Sentral ng Pilipinas (BSP) has revised its balance of payments (BOP) forecasts for this year, seeing higher deficit of USD1.5 billion from its initial projection of USD1 billion. In...

Peso drop to 12-year low, stocks continue slide

MANILA -- The Philippine peso continued to languish at a fresh 12-year low as the local stocks sustained its downturn on Thursday. The local currency shed 4 centavos, finishing the day’s trade at...
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