BDO Unibank Inc., the country’s largest lender controlled by the Sy Group, has successfully priced its USD500 million, five-year Fixed Rate Senior Notes, raising fresh medium-term funding to support its lending operations and liability management program.

The Department of Agriculture–Bureau of Plant Industry (DA-BPI) has ordered onion importers to explain why permits for red onion shipments are being used far more slowly than those for yellow onions—a discrepancy officials say is contributing to the recent spike in retail prices.

The Department of Agriculture (DA) and the Sugar Regulatory Administration (SRA) have agreed to extend Molasses Order No. 1, which places a moratorium on molasses importation until the end of March next year.