BDO Unibank, Inc. is launching a peso‑denominated Fixed‑Rate Sustainability Bond offering with a minimum issue size of P5 billion, the fourth such issuance of the country’s largest lender by assets controlled by the Sy Group.
BDO Unibank, Bank of the Philippine Islands, and Metropolitan Bank & Trust Co.—the largest, second and fourth largest lenders by assets, according to a central bank report—also reported improvements in their nonperforming loan ratios on the growth of the loan portfolio and the steady or lower nonperforming loans.
ACEN Corp., the energy investment arm of the Ayala Group, has entered into a short-term loan agreement of up to P1 billion with its fully owned subsidiary Giga Ace 6 Inc.
Defense lawyers in Vice President Sara Duterte’s impeachment trial called for greater decorum Wednesday, objecting to a social media post by private prosecutor Atty. Amando Virgil Ligutan that noted even law students know that misleading questions cannot be asked.
The Department of Agriculture (DA) is exploring drones and artificial intelligence to foresee and address crop concerns, aiming to raise farm output and strengthen the country’s food security.
The Philippines has opened a new export market for its local cacao sector, with the first-ever commercial batch of fermented cacao beans sent to New Zealand, the Department of Agriculture (DA) announced Wednesday.