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 legal battle over Metro Manila's suspended wage hike has widened into a broader debate over a familiar economic question. Is raising pay enough when the cost of living keeps climbing?
Who says you need a plane ticket to feel the rush of a global music festival? When SB19 stepped onto the Lollapalooza stage in Chicago, history was made. When thousands of Filipinos gathered before sunrise to watch it together, history became a nationwide block party.
Businesses around the country turned significantly more optimistic in June this year, setting the stage for stronger economic growth as companies plan to expand operations and hire more workers over the coming year.
FDC Misamis Power Corporation has agreed to feed 20 megawatts of power to COREnergy for the next two years, a deal that pushes more Mindanao-generated electricity into the hands of businesses nationwide as the country's retail power market keeps widening.