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.
Diversified conglomerate Lucio Tan Group (LTG) has partnered with leading renewable energy producer First Gen, marking its strategic move to diversify energy sources and reduce dependence on fossil fuels.
Brokenshire Medical Center (BMC) has officially opened the BMC Heart Institute, a complete cardiovascular care facility that marks a major step in AppleOne Medical Group’s (AMG) efforts to improve healthcare across the Visayas and Mindanao (VisMin) regions.
Aboitiz Power Corporation has officially started construction of its Naga Battery Energy Storage System (BESS), a major facility designed to strengthen power supply stability and meet rising energy demand across the Visayas region.
A South Cotabato regional trial court has dismissed a petition seeking to overturn the South Cotabato Electric Cooperative II (SOCOTECO II) board's rejection of Manila Electric Co.'s proposed joint venture, ruling that the dispute falls under the jurisdiction of the National Electrification Administration (NEA).