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.
The Bureau of Customs (BOC) has issued new rules simplifying the temporary entry of foreign cable-laying and repair vessels, a move expected to accelerate major telecommunications and offshore energy projects while reducing delays and compliance costs.
The Bangko Sentral ng Pilipinas (BSP) has issued a reminder to the public that reproducing banknotes without its official permission is against the law.
Building trust in the digital age requires collaboration among government, industry, and policymakers to ensure strong governance accompanies new technology.