BDO Unibank, Inc. is launching a peso‑denominated Fixed‑Rate Sustainability Bond offering with a minimum issue size of P5 billion, the fourth such issuance of the country’s largest lender by assets controlled by the Sy Group.
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.
Broader use of alternative data, coupled with risk-based regulation and stronger consumer safeguards, could help widen formal credit access for Filipino microentrepreneurs, according to digital lender Tala.
About 100 textile MSMEs, weavers, artisans and designers will converge in Makati next month to tap new markets for Philippine-made fabrics and products, as the local weaving industry seeks to turn traditional crafts into scalable businesses.
The Philippines is gaining ground in the race for high-spending travelers, with nine hotels now carrying Michelin Keys across Metro Manila and major island destinations.