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Christmas Gift Ideas: Perfect Upgrade This Festive Season

Christmas is the most awaited and celebrated holiday in the Philippines. In fact, as early as September, colorful lanterns and decorations lighting up the streets, homes, and establishments. One of the most beloved traditions during this time is gift-giving. Gifts are shared not only with family but also with friends, loved ones, workmates, and even as part of company raffle and giveaways. Whether big or small, these gifts bring joy and embody the true spirit of Christmas.  This Christmas, elevate the gift-giving and make it extra special with gifts that make lives easier and more enjoyable. Here are some perfect Christmas gift ideas that will make any home or businesses feel more festive, functional, and future-ready.  Sharp Flatbed Microwave Oven Unlike the traditional microwave oven that has a turntable in the base, the Sharp’s new Flatbed Microwave Oven has a flat surface which can surely fit larger dishes and trays. It has a spacious 25L capacity and an innovative rotatin...
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BDO reports 9M 2023 net income of ₱53.9 billion


  • Core businesses drive sustained earnings, with Return on Common Equity at 15.1%

  • Asset quality stable, with NPL coverage higher at 176% 

  • Capital continues to strengthen with 13% increase in Book Value 

  • Expansion in underserved / underpenetrated markets and investments in technology continue


BDO Unibank, Inc. (BDO) reported a net income of ₱
53.9 billion for the 9M 2023 vs. P40.0 billion in 9M 2022, backed by broad-based growth across its core businesses. This resulted in a Return on Common Equity (ROCE) of 15.1% compared to 12.4% in the same period last year. 


Net Interest Income increased to ₱137.4 billion with Customer Loans growing 7.5% year-on-year to ₱2.7 trillion and Deposits expanding 12% to ₱3.4 trillion. 


Non-Interest Income settled at ₱57.9 billion, supported by various fee-based and treasury/FX businesses. 


Pre-Provision Operating Profit amounted to ₱80.6 billion, with revenue growth continuing to outpace cost growth. 


Non-Performing Loan (NPL) ratio remained stable at 1.99% despite the higher interest rate environment, while NPL coverage improved to 176%. The Bank continues to set aside provisions in line with its conservative credit and provisioning policies.

 

Common Equity increased to ₱494.3 billion given continued profitable operations. Book Value Per Share (BVPS) increased 13% to ₱93.83. Capital Adequacy Ratio and Common Equity Tier 1 (CET1) Ratio strengthened to 15.6% and 14.5%, respectively, with ample capital buffers vs. regulatory minimum levels. 


While macroeconomic challenges persist, the Bank remains cautiously optimistic and is well-positioned to capitalize on opportunities given its strong balance sheet and diversified business franchise.

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