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.
Ashfall and ongoing volcanic activity from Mayon Volcano have damaged farms in Albay, affecting hundreds of farmers and causing millions of pesos in losses, according to the Department of Agriculture (DA).
The Department of Agriculture (DA) has set aside P2.5 billion for a farm-to-market road network in Sultan Kudarat to help expand coffee production and improve access to remote farming areas.
The Philippines and Vietnam have strengthened their agricultural partnership by securing a major rice supply agreement during talks held on the sidelines of the ASEAN Summit in Cebu.