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.
Emperador In, the world’s largest brandy producer owned by billionaire Andrew Tan,. has moved to streamline its debt profile by backing a EUR300 million refinancing facility for its wholly owned subsidiary, Emperador International Ltd. (EIL), replacing a slightly larger loan secured in 2023.
The US Department of Agriculture (USDA) will lead a high-level trade mission to Manila from April 13 to 16, aiming to expand market access for American farmers, ranchers, and food producers in one of Asia’s fastest-growing economies.
A planned P1.5-billion boutique hotel inside the Clark International Speedway is set to anchor a new wave of investments in the Philippines’ fast-growing experiential tourism segment, combining hospitality with motorsports-driven attractions.