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.
Pepsi-Cola Products Philippines, Inc. and Filipino restaurant brand Guevarra’s have renewed their supply partnership, extending a relationship that has spanned more than a decade.
Telecommunications company Globe Telecom has completed its first live pilot test of a satellite-to-mobile service in partnership with Starlink, aiming to expand mobile connectivity to areas without traditional cell towers.
Shares of Meta Platforms jumped about 3 percent Monday as investors bet that the reported potential job cuts could help offset the technology company's artificial intelligence spending. The stock of the company that owns Facebook, Instagram, WhatsApp and Threads closed 2.3 percent higher at USD627.45.