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.
Philippine manufacturing returned to growth in May, snapping a brief downturn as stronger domestic demand fueled production and new orders, according to the latest S&P Global Philippines Manufacturing PMI survey.
Bohol-Panglao International Airport has completed a large-scale emergency simulation exercise as passenger traffic continues to rise, underscoring the growing importance of safety and operational resilience at one of the country’s busiest tourism gateways.
Union Bank of the Philippines is seeking to raise up to P30 billion through a new bond issuance as the Aboitiz-led lender strengthens its funding base and positions itself for future growth amid a still-evolving interest rate environment.
A growing list of economic and geopolitical concerns is pushing investors into defensive mode, with the Philippine Stock Exchange index (PSEi) struggling to regain momentum after slipping below a key support level.