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 Energy Regulatory Commission has approved the temporary waiver of delivery service charges for energy storage systems during declared national energy emergencies.
First Gen Corp. has disclosed to the Philippine Stock Exchange that Indonesian company PT Barito Renewables Energy submitted an unsolicited, non-binding offer to acquire its geothermal subsidiary Energy Development Corp. for around $5 billion.
The Securities and Exchange Commission has proposed updated regulations for credit rating firms to boost transparency, credibility, and investor confidence in the Philippine corporate bond market.
The Department of Energy has completed revisions to the National Radiological Emergency Preparedness and Response Plan, strengthening the country’s ability to respond to nuclear and radiological incidents.