Business

Yuchengco-controlled uni­versal bank Rizal Commer­cial Banking Corp. posted an unaudited consolidated net income of P1 billion for the first quarter.

The Department of Finance (DOF) is confident the tax-reform bill will pass before the House of Representatives adjourns on June 2, citing the measure’s “substantial progress.” 

By Riza Lozada  Asia’s economies over the past two decades have succeeded to improve corporate governance and develop regional mechanisms to ensure financial stability and avoid a repeat of the economic crisis that buffeted the region in 1997, Finance Secretary Carlos Dominguez III has said. 

Caltex’s multi-awarded Fuel Your School (FYS) program is now set to help fund projects in science, technology, engineering and mathematics (STEM) for high-need public high schools in Bicol region. 

Cybersecurity firm Fortinet delivered in the first quarter billings and revenue growth that exceeded the firm’s guidance and which continued to outgrow the market, said founder, chairman and CEO Ken Xie. 

Telecoms giant Globe Telecom’s #1stWorldInternetPH bagged the Best Telecommunications Campaign at the 2016 Asia-Pacific Excellence Awards which was created to honor the most outstanding achievements in the field of corporate communications, PR and public affairs. 

The budget ran a P23.7 billion deficit for February, a third lower than last year as revenue generation outpaced spending growth for the period. 

By Riza Lozada  Security Bank Corp. (SECB) posted P2.8 billion in net income in the first quarter as net interest income increased 27 percent to P4.4 billion from P3.5 billion a year ago offseting the decrease in the bank’s non-interest income. 

State-owned Development Bank of the Philippines (DBP) and the Department of Science and Technology (DOST) signed recently a memorandum of agreement (MOA) for the DBP Bankability Enhancement for SETUP Technopreneurs (DBP BEST) program. 

Universal bank Rizal Commercian Banking Corp. (RCBC) understands the need to provide customers information when they need it – and with great customer experience at the heart of its strategy, it has always pursued technologies that would make financial services useful and easily accessible to the customers.