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 Manila Electric Co. (Meralco) and its power generation arm Meralco PowerGen Corp. (MGEN) are moving forward in their pursuit of nuclear energy, launching a comprehensive feasibility study for small modular reactors (SMRs) that could reshape the country’s power supply for both the industry and consumers.
Metro Pacific Water (MPW) plans to invest up to P23 billion over the next five years to upgrade and expand water services across the Philippines and Vietnam, the firm announced Tuesday.
The Manila Electric Company (Meralco) has locked in the most competitive bids for its 600-megawatt power supply requirement under the government-mandated Competitive Selection Process (CSP), marking a key milestone in securing long-term, cost-effective electricity for its customers.
The Department of Environment and Natural Resources — Environmental Management Bureau (DENR-EMB) confirmed Tuesday that fine particulate matter (PM2.5) reached unhealthy levels at every monitoring station in Metro Manila, driven by smoke and haze from ongoing forest fires in Kalimantan, Indonesia carried here by prevailing winds.