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.
Light Rail Manila Corp. (LRMC), operator of LRT-1, immediately removed a fourth-generation train from service after detecting a water leak inside one carriage, acting swiftly to protect passenger comfort and reliability.
The Securities and Exchange Commission (SEC) will require all companies raising capital in the equities and debt markets to file registration statements exclusively through its Online Application for Registration Statements (OARS) platform, under Memorandum Circular No. 24.
Lenovo has climbed 43 places to rank 153rd on the latest Fortune Global 500 list, marking the highest position in the company’s history and one of its most notable advancements in recent years.