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 Philippine government has carved out a crucial exemption for socialized housing projects, allowing them to proceed with land-use reclassification despite an existing moratorium designed to protect agricultural land.
The Department of Trade and Industry (DTI) has sounded the alarm over a surge of uncertified and substandard products being sold across major e-commerce platforms, warning that the trend threatens consumer safety and erodes confidence in the country’s rapidly expanding digital marketplace.