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 has officially achieved upper middle-income status, a major economic milestone driven by years of steady growth and strong economic stability.
ACMobility is expanding its mobile electric vehicle (EV) charging service, Power-on-Wheels (POW), as it seeks to remove one of the biggest obstacles to fleet electrification—limited access to charging infrastructure.
At least 26 Japanese companies have expressed interest in investing in the MRT-3 Capacity Expansion, Operations and Maintenance Public-Private Partnership (PPP) project, the Department of Transportation (DOTr) announced.