Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1489 articles from PhilStar Business
‘Data residency law to drive up investments in data centers’
Requiring local storage of applications and information, even those held by the private sector, would encourage data center builders to move here and list publicly, industry players said.
Read more →DOE orders monthly fuel cost reports
Oil firms are now required to submit monthly reports on the cost components of liquefied petroleum gas and kerosene as part of the review of the excise tax suspension.
Read more →Financial system resources climb to P38 trillion
The total resources of the Philippine financial system rose by nearly 10 percent to P38.09 trillion in July, driven largely by the continued expansion of banks, data from the Bangko Sentral ng Pilipinas showed.
Read more →Government raises P84.9 billion from retail bonds
The national government raised an initial P84.9 billion from its latest retail Treasury bond offering, with investor demand exceeding the original offer by more than six times.
Read more →Government to borrow P892 billion from domestic market
The government plans to borrow P892 billion from the domestic market in the fourth quarter as it spreads out its issuances amid geopolitical tensions, the Bureau of the Treasury said.
Read more →GSIS chief named Asia’s Modern Hero for public service
Government Service Insurance System president and general manager Wick Veloso has been named Asia’s Modern Hero for his distinguished contribution to “Public Service and Financial Leadership.”
Read more →Housing program
No one honestly believed BBM’s housing program would be any better than his predecessors’.
Read more →Meralco starts auction for 900-MW baseload power
Power utility giant Manila Electric Co. is seeking bidders for a 15-year contract to supply 900 megawatts of baseload electricity.
Read more →PCC adopts digital filing to ease legal procedures
The Philippine Competition Commission has adopted the electronic filing and service of documents, as well as the conduct of videoconferencing proceedings under new rules to streamline processes.
Read more →PSEi extends decline as oil price soars
The local stock market tumbled for a second straight day as elevated crude prices continued to dampen investor sentiment.
Read more →SEC opens market to structured warrants
The Securities and Exchange Commission is broad ening the range of investment products available to investors in the country by introducing structured warrants.
Read more →Security Bank retail banking head steps down
The retail banking head of Security Bank Corp. is stepping down in December as the lender undertakes a broad leadership reorganization involving more than a dozen senior officers.
Read more →YCO Cloud, Aolani to roll out 10,000 NVIDIA AI units in Philippines
Digital infrastructure company YCO Cloud has partnered with Singapore-based firm Aolani to bring the country’s first NVIDIA Blackwell Ultra GPUs, aimed at strengthening the Philippines’ AI capacity.
Read more →New electric bill format to reflect VAT-exempt system loss charges
In the new bill format, the allowable system loss charges are separately identified and excluded from gross sales for VAT computation.
Read more →PackPrintPlas Philippines 2026 leads to addressing the industry’s evolving demands
The event is expected to host more than 300 exhibitors from across the Philippines and beyond.
Read more →Trends and ReadyLinks say IR and hospitality sectors can modernize connectivity infrastructure sans expensive overhauls
Introducing an integrated methodology toward modernizing network capabilities for IRs and hotels.
Read more →More GCash services for underserved Filipinos loom amid Mynt IPO — analyst
The initial public offering of GCash’s parent company could generate additional resources to expand its digital financial services and reach more underserved and unbanked Filipinos, according to a financial analyst.
Read more →Claims made easy: Singlife Philippines delivers the experience Filipinos deserve
Singlife reinforces its commitment to putting customers first by transforming the insurance claims experience into a seamless, fully digital journey.
Read more →Globe gets nod from Morgan Stanley as GCash IPO nears
Globe Telecom Inc. has secured a positive nod from global investment bank Morgan Stanley as its GCash affiliate Mynt moves closer to pricing its highly anticipated initial public offering.
Read more →Price Tracker: Oil, fuel monitor for Sept. 28–Oct. 5
Pump prices decline after three consecutive weeks of increases.
Read more →Airfares soaring to new highs
Filipinos booking their holiday flights in October will find themselves paying more – some by as much as nearly P14,000 – as the government approved a new round of fuel surcharge hike.
Read more →AMLC to banks: Show AI helps curb financial crime
Banks and other financial institutions using artificial intelligence to fight financial crime should be able to show that the technology helps detect risks and that its decisions could be examined, according to the Anti-Money Laundering Council.
Read more →Bad weather sinks car sales, but xEVs zoom
Heavy rainfall and flooding led to an 18-percent decline in overall vehicle sales in August from a year ago, but demand for electrified vehicles remained resilient with sales accelerating by over 200 percent.
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