Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1493 articles from PhilStar Business
BofA sees below 3% growth for Philippines
The Philippine economy could grow by less than three percent this year as weak household spending and sluggish investment continue to drag domestic demand, while renewed inflation pressures raise the possibility of further interest rate hikes
Read more →Chinabank names Dee chairman emeritus, revamps leadership
China Banking Corp. has named longtime director Gilbert Dee as chairman emeritus following his resignation as vice chairman and executive director, while also implementing changes to its board committees and wealth management leadership.
Read more →Cignal, SatLite bring pay TV to Anadeco members
Members of Anabu Development Cooperative now enjoy premium home entertainment through a new partnership with Cignal TV and SatLite, making pay-TV subscriptions more accessible through flexible installment options.
Read more →Farm output likely contracted in Q3, decline to persist until Q1 2027
Agricultural output is expected to have contracted in the third quarter, with the decline likely to persist until the first quarter next year amid the El Niño, according to the Department of Agriculture.
Read more →Figaro heads for PSE exit via delisting
Figaro heads for PSE exit via delisting Food and beverage company Figaro Culinary Group Inc., formerly Figaro Coffee Group Inc., is heading toward the exit as it seeks to voluntarily delist from the Philippine Stock Exchange.
Read more →‘Gokongwei-Gotianun airport PPP lacks documents’
The country’s maiden bundled airport project has been deemed as incomplete by the government, but its proponents are expected to complete the documents needed for the P21.64-billion plan to proceed.
Read more →Malaysia seeks bigger share in Philippines palm oil market
Malaysia’s palm oil industry is looking to diversify its product offerings in the Philippines as it seeks to expand beyond traditional palm oil use by tapping opportunities in other sectors.
Read more →Megawide secures P13 billion new 4PH contracts in September
Engineering and infrastructure company Megawide Construction Corp. has beefed up its housing portfolio under the government’s expanded Pambansang Pabahay Para sa Pilipino (4PH) program with P12.8 billion in new contracts secured in September.
Read more →Microgrid auction to unlock P27 billion energy investments
The Department of Energy expects its microgrid auction to draw up to P27 billion in investments and bring electricity to more than 100,000 households in remote areas.
Read more →Peso plumbs new depths, closes at 62.90:$1
The peso sank to a new record low against the dollar yesterday as elevated US interest rates supported the greenback and oil prices above $100 per barrel raised concerns over the Philippines’ import bill.
Read more →PGMG, MTVi ink agreement for ‘Filipinos in California’ book
Los Angeles-based Philippine Global Media Group and Philippine-based Media Touchstone Ventures Inc. have entered into an agreement to come up with a landmark coffee-table book on “Filipinos In California.”
Read more →PLDT, Smart partner with Capillary for loyalty platform
PLDT Inc. and its wireless subsidiary Smart Communications Inc. (Smart) have partnered with Capillary Technologies to transform and unify their loyalty ecosystem across mobile, broadband and partner engagement platforms.
Read more →Registered business names down 7% in September
Business names registered with the Department of Trade and Industry fell by seven percent in September from a year ago amid weather disruptions and slower economic growth stemming from the from the ongoing Middle East conflict.
Read more →Regulatory failure
The power crisis in the Visayas is the consequence of regulatory failure on the part of the Department of Energy and the Energy Regulatory Commission.
Read more →SRA allocates all sugar output for domestic us
The Sugar Regulatory Administration mandated that all sugar production for the 2026 to 2027 crop year will be for domestic use only due to the anticipated shortfall in sugarcane harvests.
Read more →SSC appoints nominee to FPH board
The Social Security Commission has named commissioner Victor Limlingan as its nominee for election to the board of the Lopez Group’s First Philippine Holdings Corp. (FPH).
Read more →Stocks plunge amid weak peso, rate hike expectations
The local stock market plunged to a fresh low in nearly 11 months amid concerns over monetary tightening and the weak peso.
Read more →The plastic conundrum
According to the Science History Institute, the first synthetic polymer was invented in 1869 by John Wesley Hyatt, who was inspired by a New York firm’s offer of $10,000 for anyone who could provide a substitute for ivory.
Read more →Tycoons join race for 1st gas auction
Tycoons Manuel V. Pangilinan, Enrique Razon Jr., Sabin Aboitiz and Ramon Ang are throwing their energy firms into the race for the country’s first mid-merit natural gas auction.
Read more →Meralco: MVP group closes in on 50%
SMGP is selling 3.77m MER shares (0.33%) to Manuel V. Pangilinan personally at P580.99/sh, or P2.19 billion.
Read more →Condo absorption improves as incentives unlock demand
Metro Manila condo take-up rose 17% QoQ to 8,454 units in 3Q, while unsold inventory declined 3.5% to 80,000 units and months of supply fell to 28 from 34, according to Leechiu Property Consultants (LPC). Promotions and government housing initiatives were key drivers of the improvement.
Read more →Labor market weakness points to softer household demand
Unemployment rose to 5.3% in August from 3.9% same period last year but is an improvement from July's 6.0%.
Read more →Inflation, infrastructure freeze seen to hamper property development
Rising living costs, a sharp drop in public works spending, and slowing economic growth continue to drag on property development.
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