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.
Globe Telecom is increasing its investment in data center infrastructure to meet growing demand for cloud services, artificial intelligence, streaming, gaming, and business applications.
Motorists using the Cavite-Laguna Expressway (CALAX) Subsection 3 will begin paying toll fees today, after getting approval from the Toll Regulatory Board (TRB). The toll applies to the stretch between Silang (Aguinaldo) Interchange and Governor’s Drive in General Trias, Cavite.
The latest raids by the Bureau of Internal Revenue on cockpits across Metro Manila and nearby provinces have put an increasingly lucrative, but largely opaque, revenue stream under the taxman’s microscope.
Luxury cars have long treated black as a kind of automotive shorthand for money, power, and seriousness. Now, scientists in China are trying to make the color so black that even black may have to make room.