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.
The continued weakening of the Philippine peso past the 63 per U.S. dollar threshold is intensifying pressure on the Bangko Sentral ng Pilipinas to aggressively tighten monetary policy, with rate hikes now widely anticipated both next week and in December, according to the Bank of the Philippine Islands.
Security Bank Wealth and St. Luke’s Medical Center have teamed up to launch a concierge healthcare service, giving clients faster, easier access to medical care and more time for what matters.
Concreat Holdings Philippines (CHP) is recovering and reusing 50 million liters of water annually across its cement plants in Cebu and Rizal, bolstering efforts to conserve freshwater as climate extremes put pressure on water resources.
PhilWeb Corp., a listed gaming company, is expanding its footprint in the Philippines’ regulated digital gaming market after investee JKS Tech Solutions secured an exclusive partnership with international gaming content provider MegaWin.