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.
The planned Pax Silica industrial hub in New Clark City is targeting its first 10 to 20 locators within five years of construction, with an ambitious goal of generating as much as USD200 billion in exports over a 30-year development period.
The Philippines’ gross international reserves (GIR) remained above the psychologically important USD100-billion mark in July, providing the country a sizable external cushion even as the stockpile edged lower during the month.
The University Athletic Association of the Philippines has cleared Ateneo de Manila University to compete in Season 89 despite the June 8 team-building tragedy in Dipaculao, Aurora that claimed the lives of student-athletes Rene Clert Baterbonia and Chukwuemeka Divine Adili, while imposing a lifetime ban on former Blue Eagles head coach Thomas Anthony Baldwin and suspending seven other members of the team’s coaching and support staff.