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Spain fines staff of China's ICBC for money laundering

Jul 03, 2020 - 11:20 AM

Former employees of the Industrial and Commercial Bank of China are fined 22.7 million euros ($25.5 million) in Spain

The logo of the Madrid branch of China's biggest lender ICBC is pictured the building facade after its director and a deputy director were arrested as part of a probe into the suspected laundering of at least 40 million euros ($44.5 million) in Madrid on February 17, 2016. - The bank is suspected of being used to "introduce into the financial system funds earned through the alleged crimes of smuggling, tax fraud and the violation of workers' rights, allowing the transfer of the funds to China in a way that appeared legal," the police statement said. (Photo by JAVIER SORIANO / AFP)

Media calls on EU to crack down on online disinformation

Jun 15, 2020 - 1:15 PM

Broadcasters, publishers, and journalists call on the European Commission to implement 'much stronger measures' to combat disinformation on internet platforms such as Google and Facebook

RCBC profit soars 77% in Q1 2020 on forex, trading gains

May 04, 2020 - 5:15 PM

Yuchengco-led RCBC posts impressive gains in the 1st quarter of 2020 despite headwinds from the coronavirus pandemic


Balancing fisheries production and protection in Tañon Strait

Nov 09, 2019 - 5:00 PM

What drives Ybarra Laruga to protect Tañon Strait, apart from the need to support his family, is his memory of a time of abundance

FISH WARDEN. Ybarra Laruga of Tanjay, Negros Oriental, has been involved in the campaign to enforce fisheries laws in the Visayas for more than 22 years. All photos courtesy of Oceana

RCBC system maintenance to start 10 pm on July 19

Jul 16, 2019 - 1:45 PM

Banking services will be unavailable during RCBC's system maintenance from 10 pm on Friday, July 19, to 10 pm on Saturday, July 20

New RCBC president gears up for bank's digital shift

Jul 10, 2019 - 8:15 PM

Eugene Acevedo, a veteran banker and technology advocate, now leads RCBC

Whaling ships set sail as Japan resumes commercial hunts

Jul 01, 2019 - 12:34 PM

Five ships from whaling communities around the country leave port in northern Japan's Kushiro with their horns blaring and grey tarps thrown over their harpoons

BACK TO WHALING. Whaling ships depart from a port in Kushiro, Hokkaido Prefecture, on July 1, 2019, as the country resumea commercial hunts for the first time in decades after withdrawing from the International Whaling Commission. Photo by Kazuhiro Nogi / AFP

RCBC exec denies Enrique Razon in talks for Hanjin takeover

Jun 25, 2019 - 10:05 PM

'I never met [Enrique Razon] so I don't know what he's talking about,' says an executive of RCBC

P1 billion worth of shabu seized in Malabon warehouse

May 24, 2019 - 7:33 PM

PDEA chief Aaron Aquino believes the shabu came from Cambodia, and is managed by the notorious Golden Triangle drug syndicate

BIG HAUL. The PDEA and Bureau of Customs presents to the members of the media the 146 kilos of shabu worth P 1 billion seized at Goldwin Commercial Warehouse in Malabon City. Photo by Inoue Jaena/Rappler

WATCH: John Lloyd Cruz is back... for a TV commercial, at least

Apr 30, 2019 - 12:44 PM

The actor stars in a TV ad

Bangladesh arrests owners of blaze-hit Dhaka tower

Mar 31, 2019 - 3:02 PM

Authorities have ordered an investigation into safety measures at the FR Tower

TOWER FIRE. Wreckage of the burnt building is seen in Dhaka on March 29, 2019, a day after flames tore through the 22-storey FR Tower. Photo by Munir Uz Zaman/AFP

WATCH: Official S10+, Galaxy Buds commercial leaks

Feb 20, 2019 - 2:55 PM

It confirms the key rumored features of the new flagship

Screenshot from YouTube

Japan bolts whaling commission, but tensions may ease

Dec 28, 2018 - 9:48 AM

Japan forges ahead with full-fledged commercial hunts off its coast, but stops its annual expeditions to the Antarctic

WHALE IN JAPAN. Huge tail of humpback whale in Keramashoto, Okinawa, Japan. File photo from Shutterstock

Japan to resume commercial whaling after IWC withdrawal

Dec 26, 2018 - 3:21 PM

Japan says it is withdrawing from the International Whaling Commission 'in order to resume commercial whaling in July next year'

Why NASA's next rockets might say Budweiser on the side

Sep 11, 2018 - 12:11 PM

NASA's administrator Jim Bridenstine wants to try boosting its brand by selling naming rights to rockets and spacecraft and allowing its astronauts to appear in commercials and on cereal boxes

SOLAR PROBE. The United Launch Alliance Delta IV Heavy rocket payload fairing is seen with the NASA and Parker Solar Probe emblems, at Launch Complex 37, Cape Canaveral Air Force Station, Florida on August 8, 2018. Photo by AFP/NASA/Bill Ingalls


WATCH: Maine Mendoza and Alden Richards are back in new TV commercial

Aug 02, 2018 - 7:36 PM

Get ready for some kilig moments

This champ uses jiu-jitsu to help victims of child sex abuse

Apr 15, 2018 - 3:31 PM

World champion Meggie Ochoa finds her life's purpose in jiu-jitsu

CHAMPION. Meggie Ochoa is not just a champion in jiu-jitsu but also a champion of children who have been abused and traumatized. Photo by Rappler


Cagayan int’l airport set to receive first commercial flight on March 23

Mar 02, 2018 - 6:15 PM

The airport in the municipality of Lal-lo will also receive its first domestic flight from Manila in April

Photo by Raymon Dullana/Rappler

DILG's Boracay plan: 6-month state of calamity, 2-month business shutdown

Feb 28, 2018 - 7:16 PM

DILG Officer-in-charge Eduardo Año says the declaration will 'hasten' the island's recovery from intense commercialization

IN CALAMITY? Boracay is one of the most popular beach destinations in the Philippines. File photo by Boy Ryan Zabal

WATCH: This Bench ad shows a father's true love for his son

Feb 20, 2018 - 12:30 PM

We're so in love with this perfume commercial

Aga Muhlach and Charlene Gonzalez's twins are now teens!

Feb 20, 2018 - 12:00 PM

Andres and Atasha Muhlach are all grown up

Net income of RCBC surges to P4.3 billion in 2017

Feb 13, 2018 - 2:23 PM

RCBC president and chief executive officer Gil Buenaventura says the listed lender is ready to make the most of the favorable business environment this 2018

WATCH: This Sharon Cuneta and Gabby Concepcion reunion will make you kilig!

Feb 09, 2018 - 11:04 AM

The ex-couple and loveteam of the '80s star in a commercial for McDonalds

RCBC eyes lawsuit against Bangladesh Bank over heist claims

Feb 08, 2018 - 3:00 PM

This comes after the Bangladesh central bank's announcement that it would sue the listed Philippine bank over alleged involvement in the $81-million cyber heist

Are Sharon Cuneta and Gabby Concepcion reuniting for a project?

Feb 06, 2018 - 3:47 PM

Sharon and Gabby are spotted in a fast food chain

WATCH: Tom Cruise is back as Ethan Hunt in 'Mission Impossible: Fallout'

Feb 05, 2018 - 10:57 PM

Ethan and the IMF team are on one of their most dangerous assignments yet

NEW MISSION. Tom Cruise is back as Ethan Hunt in 'Mission Impossible Fallout.' Screenshot from YouTube/Paramount Pictures

WATCH: The best Super Bowl 2018 commercials

Feb 05, 2018 - 12:56 PM

Morgan Freeman and Peter Dinklage, Chris Pratt, Matt Damon, and more appear in Super Bowl LII's top commercials

RCBC to increase capital stock from P16B to P28B

Jan 30, 2018 - 4:28 PM

The bank says this will be done by increasing common shares to 2.6 billion from 1.4 billion

RCBC accuses Bangladesh central bank of cover-up

Dec 12, 2017 - 6:25 PM

The Rizal Commercial Banking Corporation says Bangladesh Bank is 'maligning RCBC and refusing to divulge its findings' on the $81-million heist

Megaworld to build P9-billion 'Makati-inspired' CBD in Cavite

Nov 20, 2017 - 5:30 PM

The 35-hectare central business district will be built within its 140-hectare Maple Grove township by 2022

RCBC: No talks with BDO, BPI on merger, sale of majority stake

Oct 27, 2017 - 2:03 PM

All 3 banks have moved to quash rumors fueled by RCBC’s rising stock in recent months

Security Bank, RCBC add anti-fraud measures to debit cards

Sep 18, 2017 - 10:40 PM

Both banks add a remote lock/unlock feature to guard against unauthorized transactions

DOJ clears Philrem officials in Bangladesh Bank heist

Sep 07, 2017 - 10:35 PM

But the Department of Justice junks the appeal of former RCBC branch manager Maia Deguito who faces money laundering charges

CLEARED. Philrem president Salud Bautista appears before a Senate hearing in 2016 and claims she was instructed by RCBC-Jupiter branch manager Maia Deguto to convert and transfer stolen funds. Photo by LeAnne Jazul/Rappler

Net interest, fee-based earnings drive RCBC's income in 2nd quarter

Aug 11, 2017 - 10:55 AM

The bank s net income in the 2nd quarter of 2017 soars by 67 to P1 34 billion from the P806 million booked in the same period in 2016

WATCH: Couples share sweet moments in new McDonald's commercial

Aug 04, 2017 - 7:16 AM

From nugget bouquets to surprise proposals 4 couples talk about some of their most romantic experiences

The quiet Yuchengco group

Jul 03, 2017 - 7:30 PM

There are reasons Yuchengcos are seldom quoted in news reports – even if there have been issues hounding their companies like the Pacific Plans estafa charges and RCBC Bangladesh Bank heist

CLOSED TO MEDIA. Barring access to the press is uncommon since most listed firms want to get their messages and plans out to the bigger audience outside their investor circles, mostly for prestige and attention. Yuchengco-led RCBC is one of the few exceptions. Rappler file photo

Duterte, McCann, US immigration policy | Evening wRap

Jun 16, 2017 - 8:52 PM

Watch Rappler’s evening newscast with Chay Hofileña

McCann speaks up on termination of DOT partnership

Jun 16, 2017 - 9:26 AM

McCann says it respects the DOT decision and believes it is in the best interest of all parties to discuss a sensible resolution to this matter

#ThewRap: Things you need to know, June 16, 2017

Jun 16, 2017 - 9:00 AM

Hello Here are the stories you shouldn t miss this Friday

DOT cuts ties with McCann after ad controversy

Jun 15, 2017 - 4:00 PM

After initially standing by its allegedly plagiarized ad the Department of Tourism now says it expects a public apology from McCann Worldgroup Philippines

DOT stands by 'Sights' ad despite plagiarism accusations

Jun 13, 2017 - 8:20 PM

Tourism Assistant Secretary Frederick Alegre says that while the Philippine ad is similar to South Africa s it has a unique proposition of attracting retirees

UNORIGINAL. The DOT and McCann World Group maintained that new "Sights" ad was not plagiarized despite similarities to a South African tourism ad.

RCBC pays Bangladesh Bank heist fine in advance

May 23, 2017 - 8:20 PM

The listed bank fully settles its record P1 billion fine for non compliance with banking laws and regulations in connection with the 81 million Bangladesh Bank money laundering scandal

COMING CLEAN. The logo of the RCBC bank is seen at the RCBC building in Manila's financial district on March 11, 2016. The bank owned by the late taipan Alfonso Yuchengco launched numerous initiatives to reinforce its anti-money laundering (AML) framework. File photo by AFP

No merger? Henry Sy firm among top shareholders of RCBC

May 23, 2017 - 12:15 AM

A privately held company of the Sy family owner of China Bank and BDO Unibank has been buying shares of RCBC a Yuchengco led bank

China's homemade passenger jet aces first flight

May 05, 2017 - 5:34 PM

The plane represents nearly a decade of effort in a government mandated drive to reduce dependence on European consortium Airbus and US aerospace giant Boeing

CHINA'S C919. China's home-grown C919 passenger jet lands on its maiden flight at Pudong International Airport in Shanghai on May 5, 2017. Photo by Aly Song/AFP

Made-in-China passenger jet set to take wing

May 03, 2017 - 2:42 PM

China s home grown passenger jet is built to meet soaring domestic travel demand and challenge the dominance of Boeing and Airbus

FLYING SOON. A mock-up scale model of the proposed COMAC C929, a wide-bodied commercial jet to be made by Commercial Aircraft Corporation of China (COMAC) and Russia’s United Aircraft Corporation (UAC), is seen on display during the Zhuhai Air Show in Zhuhai, southern China's Guangdong province, on November 3, 2016. Stringer/AFP

The legend of Mariano Que

Apr 25, 2017 - 6:25 PM

In a way it is impossible to talk about Philippine medicine without mentioning Mariano Que Yet so little was known of the man who built Mercury Drug

PASSING. Founder of Mercury Drug, Mariano Que, passed away last week, as reported on the company's Facebook page on April 14, 2017.

Tycoon and diplomat Alfonso Yuchengco dies

Apr 16, 2017 - 10:35 PM

Yuchengco who also served as Philippine ambassador took the family insurance business and turned it into a financial powerhouse

WATCH: Celebrities star in Super Bowl 2017 commercials

Feb 05, 2017 - 6:11 PM

Justin Bieber appears in an ad for T Mobile Lady Gaga for Tiffany Melissa McCarthy for Kia and more

Taiwan indicts ex-head of bank linked to Panama Papers

Dec 02, 2016 - 11:27 PM

McKinney Tsai ex chairman of Mega International Commercial Bank faces 6 charges in total including accepting improper gains money laundering releasing false documents and insider trading

RCBC chief counsel Estavillo quits

Nov 29, 2016 - 1:10 PM

RCBC announces the resignation of lawyer Maria Celia Fernandez Estavillo over a week after the Anti Money Laundering Council filed criminal charges against several RCBC officers

RESIGNATION. Estavillo is the lawyer who represents Rizal Commercial Banking Corporation (RCBC) in the $81-million Bangladesh Bank heist case. Photo by Alecs Ongcal/Rappler