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 Department of Human Settlements and Urban Development has ordered the fast-tracking of three long-stalled socialized housing projects in Caloocan City, signaling a tougher stance on project delays and construction quality under the Marcos administration’s housing drive.
The Department of Agriculture (DA) is widening access to affordable rice and basic food staples in Manila, scaling up the KADIWA ng Pangulo and the P20 “Benteng Bigas, Meron Na!” rice program as part of a broader push to strengthen food security in this densely populated Philippine capital.
Executive Secretary Ralph G. Recto urged the 857 new graduates of the Development Academy of the Philippines (DAP) to always side with the Filipino people, saying it is never the wrong choice.