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 National Telecommunications Commission (NTC) has issued proposed guidelines governing the importation and sale of refurbished mobile devices, clarifying that the framework is not intended to do away with the existing second-hand market, but rather to safeguard consumers while maintaining access to more affordable technology.
Discarded plastic waste has found new purpose at Clarin Elementary School, where 50 brand-new classroom chairs made entirely from recycled materials were turned over to students this week.
The Philippines is positioned to attract fresh semiconductor investments as surging demand for artificial intelligence (AI), electric vehicles and advanced computing drives manufacturers to expand production and diversify supply chains across Asia Pacific.
The Bank of the Philippine Islands (BPI) and the University of the Philippines Alumni Engineers, Inc. (UPAE) have partnered to launch a financing program that will help qualified UP engineering students finish their degrees with greater financial ease. This is BPI’s first student financing partnership with a university alumni organization, under the UPAE Study Now, Pay Later Program.