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Philippines Business News
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1493 articles from PhilStar Business
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PhilStar Business
ACEN boosts war chest with P3.5 billion ING loan
ACEN Corp. of the Zobel family has secured additional financing of €50 million (about P3.5 billion) from Dutch banking giant ING Bank N.V. to bolster its renewable energy expansion.
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BPI Wealth assets breach P2 trillion, eyes 18% growth
The asset management arm of Ayala-led Bank of the Philippine Islands (BPI) expects its assets under management to grow by as much as 18 percent this year as Filipino investors increasingly turn to fixed-income securities and global investment funds to navigate elevated inflation, a weaker peso and volatile financial markets.
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Condo demand picks up in Q3
Residential condominium take-up in Metro Manila posted robust growth during the third quarter, but real estate brokerage firm Leechiu Property Consultants Inc. (LPC) cautioned that the recent improvement should not yet be interpreted as a return to sustained growth.
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Factory output growth accelerates in August
The country’s manufacturing output expanded at a faster pace in August from the previous month, driven by electronic products and transport equipment, the Philippine Statistics Authority said.
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Fixing water flow, restoring hope
Water is not just a resource — it is life itself. It fuels our bodies, kitchens, classrooms, hospitals and businesses. When it stops flowing, everything else stops with it.
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GCash has an IPO problem – and it’s a good one
Mynt Inc. president and CEO Martha Sazon shares the overwhelming excitement of many investors and the public on what is set to be the biggest initial public offering (IPO) in the country.
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Jobless Pinoys fall to 2.77 million in August
The country’s unemployment level declined in August from the previous month as more jobs were created in the agriculture sector, according to the Philippine Statistics Authority.
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MVP hikes Meralco stake with P2.2 billion SMC deal
Tycoon Manuel V. Pangilinan has struck another deal with Ang-led San Miguel Corp.’s power arm to further tighten his hold on Manila Electric Co..
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Philippines plans to mandate 1% SAF mix by 2030
The Philippines is exploring a one-percent sustainable aviation fuel blending mandate for the aviation sector by 2030, according to a senior energy official.
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PPA allots P1.35 billion for Ilocos Norte cruise port upgrade
One of the country’s dedicated ports for cruise arrivals in Luzon is getting a P1.35-billion budget for the construction of breakwater to reduce coastal risks and support marine navigation.
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PSEi bounces back on bargain hunting
The local stock market bounced back as investors picked up bargain stocks following the previous day’s drop.The benchmark Philippine Stock Exchange index rose by 1.05 percent or 59.57 points to end yesterday’s session at 5,736.69.
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Puregold Barangayan rolls out in 16 locations nationwide
Leading supermarket, Puregold Price Club Inc. is bringing its 28th anniversary celebration to communities across the country through Puregold Barangay Panalo, a nationwide program supported by the supermarket chain’s brand partners.
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September inflation surge fuels rate-hike bets
Economists are increasingly expecting the Bangko Sentral ng Pilipinas to hike interest rates again this month after inflation surged to 7.2 percent in September, as broadening price pressures and risks from oil, transport fares and El Niño threaten to keep inflation elevated.
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SMPC: Semirara coal auction rules unfair
Semirara Mining and Power Corp. has pushed back against what it calls “unfair” rules governing the auction of the country’s largest coal mine, with the bidding process now facing another delay.
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Villar Group trims AllDay, AllHome stores
The Villar Group has trimmed its AllHome and AllDay branches as part of its store network optimization program.
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West Cebu Estate expands with Aboitiz Foods feedmill
Aboitiz Economic Estates is strengthening West Cebu Estate’s position as an integrated industrial hub with the entry of Pilmico, an Aboitiz Foods company, as its newest locator.
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Pag-IBIG tie-up supports RLC residential conversion
RLC signed an MoU with Pag-IBIG to expand home loan accreditation across its resi portfolio.
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VITRO REIT IPO pushed to 2027
PLDT deferred the planned VITRO REIT IPO to 2027, citing market conditions and higher interest rates.
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Power: El Niño tightens supply, lifts price upside
DOE warned that a prolonged El Niño could raise the risk of power interruptions and higher electricity bills as extreme heat strains thermal plants and lower water availability weighs on hydro generation.
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Jobless Filipinos drop to 2.77 million in August
The number of jobless Filipinos in August this year declined to 2.77 million, indicating a 5.3% drop in the unemployment rate from July’s 6%.
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4 Filipina execs make Fortune’s Asia power list
Four executives made Fortune Magazine’s 100 Most Powerful Women in Asia for 2026, with the president and CEO of soon-to-be listed e-wallet giant GCash topping the Filipina business leaders on the roster.
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‘GCash IPO offers potential upside’
A huge potential upside is seen for investors participating in the initial public offering of GCash parent Mynt Inc., which is slated to be the largest in the country’s history at P60.9 billion.
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