DMCI Holdings, SMPC among best-governed PLCs
DMCI Holdings and its energy subsidiary Semirara Mining and Power Corp. (SMPC) were among the Philippine listed companies recognized for their corporate governance performance by the Institute of Corporate Directors (ICD).
DMCI Holdings received the 2 Golden Arrow recognition while SMPC was awarded the 3 Golden Arrow recognition.
Both have been ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow awardees since 2019.
The awards were conferred after the two companies exhibited observable conformance with the Philippine Code of Corporate Governance and internationally recommended corporate governance practices as espoused by the ACGS.
Highest interest rate via GSave
GCash, and CIMB Bank are offering their users up to 8 percent interest rate per annum on GSave until January 31.
The offer, which is currently the highest interest rate available in the market, will be available for existing customers of the bank who opened their accounts for more than 60 calendar days at the start of the qualifying month. It will be applicable to the difference in total average daily balance (ADB) from the previous month.
The promo is also inclusive of other promo and base rates for ADB growth including the 2.6 percent p.a. for GSave accounts. This is also inclusive of the 4 percent p.a. promo rate applicable to the first P200,000 ADB. Any incremental ADB growth will receive 8 percent p.a. wherein the total reward given to a customer will be equivalent to 8 percentp.a.
To calculate their ADB, customers need to get the total of their daily balance at the end of each day for the qualifying month and divide them by the total number of days in the qualifying month.
For customers who have multiple deposit accounts with CIMB Bank, the interest rate reward will be computed based on the qualifying month’s Total ADB for GSave accounts.
PH best digital bank
Rizal Commercial Banking Corp.(RCBC) through its digital banking app RCBC Digital was hailed as Philippines’ Best Digital Bank by World Economic Magazine. The award is a recognition of RCBC’s outstanding performance as they hurdled business challenges and forwarded innovative solutions amid ongoing recovery due to the pandemic.
RCBC Digital aims to help the Philippines as the country transitions to a cash-lite, digitally-inclusive financial ecosystem. RCBC Digital features person-to-merchant QR payments use cases, the in-app UITF placement, mobile check deposit, and the Philippines’ first digital concierge, among others.
RCBC Digital is one of the services and products that provide a whole digital ecosystem experience including RCBC DiskarTech, RCBC ATM Go, and RCBC MoneyBela. RCBC DiskarTech is a pioneering financial inclusion app that offers a wide array of financial services such as the opening of a basic deposit account that lets individuals’ savings earn 3.25 percent interest per annum, fund transfers for only 8 pesos to any bank and e-wallets, mobile loads, telemedicine, insurance, and micro-loans.
RCBC DiskarTech and ATM Go, the Philippines’ first neighborhood ATM, were the financial digital cornerstones of RCBC’s collective response to COVID-19 that aided DSWD and DOLE in the distribution of financial assistance to Filipinos.
Online trading training
SmarTrade, a financial consulting firm, and its partner, globally-acclaimed broker, ATFX, gear up for more activities to bring free financial education to more Filipinos in the country.
Now on its fifth year in the Philippines, SmarTrade provides free learning sessions and one-on-one coaching and consulting on online trading that cater to all levels of traders – from beginners to seasoned professionals. These online and face-to-face events have reached more than 40,000 Filipinos all over the country and provided foundational knowledge on how to trade online.
ATFX supplements this initiative with its trading platform that allows investors to trade online with confidence at their own convenience.
In the pipeline for 2023 are seminars, roadshows, as well as partnerships with various organizations to reach more people across the nation.
Aside from the business goals of this partnership, SmarTrade and ATFX also work together in several nation-building programs in service to the Filipino communities. These included disaster relief programs and environmental conservation efforts, among others.