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.
Cebu Pacific, the budget carrier brand of the Gokongwei Group’s listed unit Cebu Air Inc., has signed a wet lease agreement with Vietnam Airlines as the Philippine carrier looks to generate more revenue from its growing fleet.
The Philippines made progress in reducing child labor in 2025, but the gains came with a troubling twist. More Filipino children entered the workforce even as the number trapped in hazardous or exploitative work remained stubbornly high.
Bank of the Philippine Islands, the banking unit of the Ayala Group, kept its earnings largely intact in the first half of 2026 as solid loan growth and stronger fee income offset a sharp rise in provisions for potential credit losses.
The Ayala Group is poised to ramp up investments in digital infrastructure and healthcare after President Ferdinand R. Marcos Jr. held separate meetings with key Singapore-based partners during his working visit, reinforcing investor confidence in two sectors seen as vital to the country's long-term growth.