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 Economy and Development (ED) Council chaired by President Ferdinand Marcos Jr. has approved a key variation order for the Light Rail Transit Line 1 (LRT-1) South Extension Project, removing another hurdle to the long-awaited opening of the Common Station, the centerpiece of Metro Manila's integrated rail network.
A decade after the Philippines won a landmark international legal victory against China, a policy think tank is urging the government to shift its focus from legal triumph to military readiness. it argued that credible deterrence has become the country's next strategic imperative in the West Philippine Sea.
Green energy developer Berde Renewables is ramping up its clean energy expansion with a major equipment supply agreement that secures 200 megawatts of solar capacity and 500 megawatt-hours of battery storage, strengthening its pipeline of commercial and industrial projects in the Philippines and Thailand.
The Philippines' new upper middle-income status may have boosted its global economic standing, but for many aspiring homeowners, the dream of owning a house remains stubbornly out of reach.