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 Energy Regulatory Commission (ERC) is rolling out regulatory reforms aimed at unlocking fresh investments in the power sector, easing grid bottlenecks, and accelerating the Philippines' shift toward renewable energy as electricity demand continues to climb.
The National Kidney and Transplant Institute (NKTI) is on track to become Southeast Asia's largest dialysis center after President Ferdinand R. Marcos Jr. ordered the accelerated completion of its new 13-story Hemodialysis Building, a project aimed at expanding access to specialized kidney care amid the country's growing burden of chronic kidney disease (CKD).
The Department of Human Settlements and Urban Development (DHSUD) is accelerating efforts to resolve long-standing disputes between homebuyers and developers, clearing more than 1,100 complaint cases in less than two months under its Zero Backlog Program.
The Bangko Sentral ng Pilipinas (BSP) is rolling out stronger regulations to safeguard users of digital financial marketplaces, platforms that connect customers to various products and services offered by BSP-supervised financial institutions (BSFIs).