BDO Unibank Inc., the Philippines' largest lender by assets, announced a 3 percent increase in net profit for the first half of the year, reaching P40.61 billion.
The agriculture sector continues to reel from compounding weather-related damage, with total losses now reaching ₱1.84 billion due to the combined effects of the southwest monsoon and Tropical Cyclones Crising, Dante, and Emong, according to a Sunday morning advisory from the Disaster Risk Reduction and Management Operations Center of the Department of Agriculture (DA).
Alternergy Holdings Corp. subsidiary Alternergy Tanay Wind Corp. has secured the third drawdown of ₱1.4 billion from its ₱5.3-billion loan facility with Bank of the Philippine Islands (BPI) and Security Bank, the company announced Sunday.
Ayala Healthcare Holdings Inc. (AC Health) subsidiary Healthway Medical Network has assumed control of the FEU-NRMF Medical Center, a 300-bed university hospital located in Quezon City. T