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 Philippines is seeking closer cooperation with the Food and Agriculture Organization of the United Nations (FAO) following the first official visit of its Director-General, Qu Dongyu, to the Department of Agriculture (DA).
The Department of Agriculture’s Bureau of Fisheries and Aquatic Resources (DA-BFAR) said it will continue providing fuel assistance to fisherfolk nationwide as global oil prices rise.
The House of Representatives has endorsed a resolution pushing for the proclamation of the proposed Bicol Ecozone in Pantao, Libon, Albay as the fifth public economic zone under the Philippine Economic Zone Authority (PEZA), signaling a major step toward boosting trade along the country’s eastern seaboard.