Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
10063 articles across all sources
Casino Plus pays out historic ₱122.4-M Jackpot in full, reinforcing player-first commitment
Casino Plus, one of the country’s leading responsible digital entertainment platforms licensed by the Philippine Amusement and Gaming…
Read more →MGEN, VITRO study renewable-powered data center development
MERALCO POWERGEN Corp. (MGEN) and VITRO REIT, Inc. have agreed to study the development of data centers integrated…
Read more →First as tragedy, then as farce
By Cesar Ilao III and Jam Magdaleno (Part 1) LAST YEAR, we wrote about how blanket class suspensions…
Read more →Telcos question NTC fines over due process, testing standards
THE Philippine Chamber of Telecommunications Operators (PCTO) has raised due process and testing-standard concerns over fines imposed by…
Read more →Something new (and obscure) in Silang
It’s worth the drive SNOBS will say that Tagaytay is played out (we disagree) and neighboring Silang is…
Read more →Banks’ foreign currency loans rise past $16 billion as of June
BANKS’ foreign currency deposit loans rose as of the second quarter amid higher borrowings from residents, Bangko Sentral…
Read more →Yields on central bank’s term deposits edge up as demand weakens further
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) one-week term deposits rose further on Wednesday as the papers…
Read more →Insect protein
I once visited Everybody’s Café, a popular restaurant along MacArthur Highway in San Fernando, Pampanga. Older friends told…
Read more →NEXTASIA Land expands buyer financing options
BOUTIQUE developer NEXTASIA Land, Inc. has expanded its end-user financing network through accreditations with Land Bank of the…
Read more →Trading down: How prices and promotions dictate Philippine wine consumption
INFLATION may be squeezing wallets, but wine glasses in the Philippines are far from empty. According to a…
Read more →Change management may help PHL firms get most out of AI
By Juliana Chloe A. Gonzales PHILIPPINE COMPANIES must build up transition capabilities to realize business value from their…
Read more →On rising imports and the budget deficit
The Philippine Statistics Authority (PSA) released the country’s international merchandise trade statistics (IMTS) yesterday. Looking at accumulated trade…
Read more →EastWest Ageas expects minimal impact from weak economy, tighter financial conditions
By Katherine K. Chan, Reporter EAST WEST Ageas Life Insurance Corp. (EastWest Ageas) expects minimal impact from tighter…
Read more →Peso weakens as traders eye US data
THE PESO depreciated against the dollar on Wednesday as players chose to take positions before the release of…
Read more →ABS-CBN shareholders OK P6 billion placement
Media giant ABS-CBN Corp. has received a P6-billion placement from the Lopez family and its new investor, increasing the company’s shares and adding seats to the boardroom.
Read more →ACEN takes in Dutch partner for solar project in India
Zobel-led ACEN Corp. is partnering with Netherlands-based Diamond India Renewables One B.V. for yet another solar power project in India.
Read more →Building tomorrow’s power grid
After 25 years, the Electric Power Industry Reform Act of 2001is back in the spotlight. The Philippines’ top energy leaders convened at a recent roundtable to judge EPIRA’s record after a quarter of a century.
Read more →China Bank Savings deepens support for educators
As the country celebrates National Teachers’ Month, China Bank Savings continues to strengthen its support for Filipino educators through financial wellness initiatives nationwide.
Read more →EPIRA at 25: The distribution utilities
The Electric Power Industry Reform Act of 2001 (EPIRA, RA 9136) turned 25 years old this year. I wrote a three-parts series last month in my column in BusinessWorld: “EPIRA at 25: More lights, less blackouts, fewer subsidies, lower prices?” (Part 1, Sept. 8), “EPIRA at 25” (Part 2, Sept. 15), and “EPIRA at 25: Goals reached, new issues for the future” (Part 3, Sept. 29).
Read more →Forex loans rise to $16.3 billion in Q2
Banks’ foreign currency loans rose by 5.6 percent to $16.31 billion in the second quarter from $15.44 billion in the previous quarter, driven mainly by stronger borrowing by exporters and other industries, the Bangko Sentral ng Pilipinas said.
Read more →Government debt piles up to P19.6 trillion in August
The national government’s outstanding debt climbed to a new record high of P19.61 trillion at the end of August as fresh borrowings and a weaker peso pushed up both domestic and foreign obligations.
Read more →Inflation seen at highest level in over three years
Inflation may have accelerated to as high as 7.4 percent in September, potentially the fastest pace in three-and-a-half years, as bad weather lifted food prices while costlier fuel and a weaker peso added to price pressures.
Read more →Inflation worries sink stocks to 10-month low
The local stock market sank to a fresh 10-month low amid growing concerns over rising inflation.
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