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.
Clark International Airport Corporation (CIAC) has sealed a 25-year lease deal with Heatcon Asia, Inc.—a key supplier to Boeing—to set up manufacturing, distribution, and aircraft composite repair facilities at the Clark Civil Aviation Complex.
The expansion of the West Cebu Industrial Park–Special Economic Zone (WCE–SEZ) in Balamban, Cebu is expected to accelerate job creation, attract fresh investments, and strengthen regional supply chains, further cementing the estate’s role as one of the country’s key industrial hubs.
In the wake of the 7.8-magnitude earthquake that hit parts of Mindanao, the government has imposed a 60-day price freeze and activated emergency livelihood support in affected areas, aiming to stabilize access to essentials while speeding up community and business recovery.
A new P630-million industrial park in Pampanga is set to bolster Central Luzon’s rise as a manufacturing and logistics powerhouse, with developer Fortunetown Properties Corp. preparing to open a 24-hectare facility in Mexico, Pampanga this month.