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.
Rodil Zalameda will become the country’s next chief justice of the Supreme Court on Friday, November 6, succeeding Alexander Gesmundo, who retires after reaching the mandatory age limit.
Robust borrowing from both businesses and households pushed the Philippine money supply upward in September, underscoring a tightly knit loop between active bank lending and circulating financial liquidity.
Foreign tourist arrivals in the Philippines surpassed five million as of November 4, growing 3.74 percent from 4.82 million in the same period last year, with a sharp rebound in Chinese visitors helping offset declining arrivals from South Korea.
Agriculture Secretary Francisco P. Tiu Laurel Jr. has emphasized how rice research and strong partnerships are helping Filipino farmers face growing climate threats, as the Philippine Rice Research Institute (PhilRice) celebrated its 41st anniversary Thursday, November 5.