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.
Local renewable energy firm Raslag Corp. has obtained a Certificate of Compliance from the Energy Regulatory Commission for its 36.646-megawatt solar facility in Magalang, Pampanga. Though it began operating in October 2024, the COC formally registers the plant and confirms it meets all regulatory requirements, granting it associated rights and privileges.
The government is ramping up its push to bring more Philippine food products to Asian consumers, with the Department of Trade and Industry (DTI) rolling out a coordinated export drive in South Korea, Singapore, and Thailand to widen market access and elevate the profile of Filipino food brands abroad.
Artificial intelligence is making inroads into the Philippines’ vast network of sari-sari stores, helping neighborhood retailers boost sales, sharpen inventory decisions, and compete more effectively in an increasingly data-driven marketplace.