- RCBC establishes green finance framework | Money | GMA News Online GMA News
- RCBC forms 'green' finance framework ABS-CBN News
- View full coverage on Google News
Rizal Commercial Banking Corp. on Monday said it has established its green finance framework, providing the basis for future issuances of green bonds and loans. Current trending headlines in business, money, banking, finance, companies, corporations, agriculture, mining, foreign currency rates, Philippine Stock Exchange (PSE) Index, inflation, interest, market prices and economic analysis.
Funding will focus on renewable energy, green buildings, clean transport, energy efficiency, and pollution prevention and control, RCBC told the stock exchange.
Chinese companies are interested in investing in the operations of the Philippine unit of South Korea's Hanjin Heavy Industries and Construction, which recently declared bankruptcy after it defaulted on over $400 million in bank loans.
The industry remains 'very liquid and profitable,' the BSP said.
Two Chinese shipbuilding firms are interested to take over the Philippine business of the Hanjin Group of South Korea, a government official said, as the Duterte administration steps in to help save the troubled investor in Subic.