PDIC to sell Luzon assets
THE Philippine Deposit Insurance Corp. (PDIC) is set to offer for sale 76 properties based in Luzon through electronic public bidding (e-bidding) via the PDIC Assets for Sale site with bids accepted starting at 9:00 a.m. on October 21 until 1:00 p.m. on October 22, and the opening of bids at 2:00 p.m. on October 22, In a statement, the PDIC said headlining the portfolio are 14 residential properties in Laguna. The e-bidding will also offer a dozen vacant agricultural and five vacant residential properties in Palawan. Minimum bid prices start at P64,270.00, the statement read. Other assets to be sold are 19 vacant residential properties, 13 properties classified as residential with improvements, 6 vacant agricultural properties, 5 properties classified as mixed residential/agricultural, and 2 properties classified as agricultural with improvements.
BPI touts award
THE Bank of the Philippine Islands (BPI) announced it has been recognized as the country’s ‘Best Bank for SMEs’ by the Haymarket Media Group, the privately-owned media firm behind the ‘FinanceAsia Awards 2026.’ A statement by the lender read the award ‘[affirmed] its commitment to helping small and medium enterprises (SMEs) access financing, manage their businesses, and pursue growth.’ ‘The recognition highlights BPI’s continued efforts to be a trusted banking partner for Filipino entrepreneurs through tailored financial solutions, digital innovations, and initiatives that respond to the evolving needs of businesses,’ the statement further read.