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.
Philippine Seven Corp., operator of 7-Eleven convenience stores, is pressing ahead with aggressive expansion despite the rapid growth of hard-discounters, confident that its convenience-store format remains sufficiently differentiated to withstand the new competition.
San Miguel Aerocity Inc. (SMAI), developer of the New Manila International Airport (NMIA), on Thursday confirmed the project incorporates robust, long-term flood mitigation engineering designed to protect both the airport and surrounding towns from Bulacan’s well-documented flooding risks—while clarifying the airport is not the cause of recent floods.
McDonald’s Philippines is expanding its electricity supply partnership with COREnergy to 23 more restaurants in the Visayas and Mindanao, seeking to lower power costs and make a major operating expense more predictable as it grows its nationwide network.
The Bank of the Philippine Islands (BPI) has become the country’s first universal bank to earn both ISO/IEC 27001:2022 (information security) and ISO/IEC 27701:2019 (data privacy) certifications, underscoring its commitment to protecting customer information amid growing digital transactions.