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 Department of Agriculture (Philippines) and Bureau of Fisheries and Aquatic Resources have signed new agreements with Papua New Guinea and the Marshall Islands to strengthen cooperation in the fisheries sector.
The Philippines showcased significant progress in legal and regulatory reforms during the Luzon Economic Corridor (LEC) Steering Committee meeting on May 12, highlighting efforts to create a transparent, competitive, and investment-friendly business environment.
Philippine seafood exporters secured about P31.68 billion in booked and negotiated sales during the 32nd Seafood Expo Global in Barcelona, Spain, according to the Department of Agriculture (DA).