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.
Real estate investments in the Philippines are expected to increasingly move to the Visayas and Mindanao in the coming years as businesses expand outside Metro Manila, according to Prime Philippines Inc.
Century Properties Group reported a 6-percent decline in net income in the first quarter of the year, as higher interest expenses and taxes offset gains from its core operations.
Converge ICT Solutions Inc. has ranked first in the Philippines’ SpeedGeo Broadband Internet Speed Ranking for the first quarter of the year, based on hundreds of thousands of user tests nationwide.