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Keisha Ta-Asan - The Philippine Star
January 23, 2026 | 12:00am
In a statement, RCBC said the financing would support the construction and development of phase 1 and core infrastructure of Digital Halo’s MNL1 data center campus, which will have an initial IT capacity of 6.5 megawatts (MW).
Photo Release
MANILA, Philippines — Rizal Commercial Banking Corp. (RCBC) has signed a P2.79-billion project finance facility to fund the first data center development in the Philippines of Singapore-based operator Digital Halo (DH), marking the bank’s initial foray into data center project financing.
In a statement, RCBC said the financing would support the construction and development of phase 1 and core infrastructure of Digital Halo’s MNL1 data center campus, which will have an initial IT capacity of 6.5 megawatts (MW).
RCBC president and CEO Reginaldo Anthony Cariaso said the deal marks another milestone in the Yuchengco-led bank’s project finance history.
“This project marks our first-ever project finance deal for a data center facility – another bold step for the bank, underscoring our commitment to the future of the Philippine economy – one that is increasingly driven by data, connectivity, and digital transformation,” Cariaso said.
Located in Cainta, Rizal along the eastern corridor of Luzon and near the central business districts of Metro Manila, the MNL1 facility is the first of three buildings planned for a 70-MW sustainable and scalable next-generation data center campus.
The project is spearheaded by Digital Halo co-founder and CEO Kai Goh and finance director Jovial Ang. It is backed by RCBC Capital and RCBC Trust.
The bank said the multibillion-peso funding will be used to support the delivery of the initial phase and the campus’ core infrastructure.
For Digital Halo, the deal is seen as a major step in establishing its presence in the Philippine market.
“The backing by RCBC reflects a shared vision to develop critical digital infrastructure to support the digital transformation and growing digital economy in the Philippines,” Goh said.
“Their involvement underscores the strength of our governance and execution discipline, providing hyperscale and enterprise customers with confidence in Digital Halo as a trusted, long-term infrastructure partner,” he said.
