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 Jollibee Group has transitioned its commissaries and logistics facilities in the Philippines to 99 percent renewable energy, marking a major step in its sustainability efforts.
Investment and Capital Corp. of the Philippines (ICCP) has named Augusto D. Bengzon, a former top executive at Ayala Land Inc., as its new chairman and chief executive officer.
Shipping lines are bracing for another post-holiday cargo squeeze, warning that familiar bottlenecks at major gateways underscore the need for long-term port reforms rather than seasonal stopgaps.