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 government is expanding an existing economic zone in Cavite, opening an additional 1.46 hectares for companies seeking sites to establish or expand operations in the province.
Shareholders of ABS-CBN Corp. on Wednesday gave the green light to a P6-billion new investment infusion, alongside the issuance of additional shares first announced in August.
South Asialink Finance Corp. (SAFC), a non-bank financial institution, is expanding its lending presence in Northern Mindanao with four new branches, pushing its nationwide network past 100 locations as it targets rising demand for vehicle, business and property financing.
Manila Water is calling on customers to join its October desludging schedule, advancing responsible wastewater management, community health, and cleaner local waterways.