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 Philippines put more than USD20 billion worth of infrastructure and industrial projects before about 600 local and foreign investors, seeking to turn the Luzon Economic Corridor (LEC) from a development blueprint into a pipeline of fundable deals.
Agriculture Secretary Francisco P. Tiu Laurel Jr. called for stronger ASEAN-India collaboration Wednesday at the Ninth ASEAN-India Ministerial Meeting on Agriculture and Forestry, warning that geopolitical tensions, climate shocks, and volatile farm input costs threaten regional food supplies.
Twenty-nine Luzon and Visayas electric cooperatives have secured long-term power supply agreements (PSAs) with six generation firms, ensuring stable electricity for millions, the National Electrification Administration (NEA) announced Thursday.
Manuel V. Pangilinan-led Manila Electric Company (Meralco) has recognized the Philippine National Police’s (PNP) support in addressing electricity theft as it pledged to sustain efforts to reduce system losses, particularly non-technical losses arising from illegal connections and power pilferage.