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 Bangko Sentral ng Pilipinas and the Department of Justice have entered into an information-sharing agreement aimed at cracking down on financial account scams and protecting the public from online fraud.
Aboitiz Power Corporation and Synergy Grid and Development Philippines Inc. may qualify for the Philippine Stock Exchange index or PSEi by February next year, following the implementation of updated liquidity and listing rules.
Phinma Education Holdings Inc. has reported a 92 percent passing rate for its first-time takers of professional licensure examinations, a notable milestone considering most of its students entered college with significant learning gaps.
The government stands to save between P30 billion and P40 billion every year by eliminating redundant technology systems across various agencies, according to the Department of Information and Communications Technology (DICT).