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.
Leading renewable energy provider First Gen Corporation has signed a deal to supply geothermal power to two major properties in Filinvest City, Alabang.
The Department of Agriculture (DA) has intensified the rollout of its P20 “Benteng Bigas, Meron Na!” Rice Project in Baguio City, bringing affordable rice directly to hundreds of families during the vibrant celebration of the Panagbenga Festival.
The Organization of the Petroleum Exporting Countries is reportedly weighing a significantly larger oil production increase at its meeting Sunday, as escalating military conflict in the Middle East rattles global energy markets.
GAC International Philippines, Inc. is tightening its grip on the local market, shifting to a direct, self-operated model that places the brand’s Philippine business under the control of its China headquarters, GAC Group.