Philippines Business News

China opens probes into four online travel booking platforms

U.S. approves potential $2.7 billion air defense sale to Ukraine

How to position for the next wave of AI-led scientific breakthroughs

ED Council OKs changes to railway, airport projects

The Economy and Development (ED) Council, chaired by President Marcos, approved changes to the North-South Commuter Railway’s (NSCR) operations and maintenance and the Mactan-Cebu International Airport (MCIA) public-private partnership (PPP) projects.

From no plan to IPO-ready: Aznar Shipping prepares to sail rough seas

Aznar Shipping Corp. president and CEO Kyle Alexander Aznar said in June that the company had no immediate plan to go public yet, although he emphasized that it aimed to be IPO-ready.

GenAI spending in Asia-Pacific seen reaching $555 billion in 2030

Asia and the Pacific, including the Philippines, is on track to increase spending on generative artificial intelligence (AI) to over $555 billion by 2030, led by software and information services.

GOCC subsidies slump over 30 percent in July

Government subsidies to state-owned corporations fell by 30.5 percent in July, largely reflecting lower support for the National Irrigation Administration (NIA) and the Philippine Reclamation Authority (PRA).

Government urged: Strip TRB power to extend tollways

Infrastructure and transport advocates have urged government to strip the Toll Regulatory Board (TRB) of its power to issue tollway extensions, saying its authority should be limited to regulating toll rates.

Gov’t urged to stem ICT talent exodus

Filipino information and communication technology talents are opting to work for private firms, if not for foreign employers, leaving the government short of ICT specialists.

Investing in the future

With several Philippine companies still pursuing plans for their respective initial public offerings (IPOs), one can’t help but wonder what they are seeing that many of us do not?

Malaysia’s Petronas ready to supply LNG to Philippines

As the Philippines grapples with the twin pressures of the raging Middle East war and persistent power supply constraints, additional support may lie just across the sea – in neighboring Malaysia.

Mastercard launches Wallet Pay to expand digital wallet reach

Mastercard has launched a new suite of payment services to help digital wallets expand across borders and connect to more merchants, with GCash among the participating providers through its partnership with Alipay+.

Maxicare rebrands life insurance unit

Maxicare Group has rebranded MaxiLife as Maxicare Insurance as it moves to integrate its insurance business with its broader health care operations.

MoneyHero revenue falls 43 percent in Q2

MoneyHero Group’s Philippine revenue fell by nearly 43 percent in the second quarter despite an expanding member base, as the operator of financial comparison platform Moneymax reported lower business volumes.

NDC welcomes new general manager

The National Development Co. (NDC) has welcomed Robert James Samson as its new general manager.

NGA 911 recognized for bringing emergency response system to Philippines

California-based public safety technology company Next Generation Advanced 911 (NGA 911) has been awarded the Community Impact and Service Award by the International Asian American Business Expo (IAABE) in California for bringing a world-class emergency response system to the Philippines.

Opportunity and opportunism

There is a word that gets used constantly in the business world, celebrated in keynotes, printed on motivational posters and cited as the defining quality of every great entrepreneur.

Philippines, Canada on track to conclude FTA talks this year

The Philippines remains on track to conclude negotiations for a free trade agreement (FTA) with Canada this year.

Philippines chicken imports seen rising next year

The Philippines is expected to import more chicken meat next year due to higher demand from the manufacturing and food service sectors, according to the US Department of Agriculture (USDA).

PSE approves GCash parent firm’s market debut

The Philippine Stock Exchange Inc. (PSE) has given the green light to the initial public offering (IPO) application of Mynt Inc., the parent company of e-wallet giant GCash.

Stocks sink on heavy selling

The local stock market recorded a steep drop amid strong selling pressure among investors following a rebalancing of the Financial Times Stock Exchange (FTSE).

Ten percent

I was 30,000 feet up, half-watching BBC News, when one headline made the rest of the flight feel very long: a senior AI researcher now puts the odds of AI ending humanity at more than 10 percent, within the next decade.

Letran routs San Sebastian by 37 points

MANILA, Philippines — Colegio de San Juan de Letran picked up its second win in as many games after routng San Sebastián College-Recoletos, 99-62, in the NCAA Season 102 men’s basketball tournament at the FilOil EcoOil Centre in San Juan City on Friday Letran, which opened its season with an 84-77 victory over University of Perpetual Help System Dalta, continued its winning way and demolished the Stags by 37 points. Former University of the Philippines gunner Denzil Walker led

‎Woman behind viral PAO post says she had no intention to smear public servant

MANILA, Philippines — Inday Panadera Gelyn said she had no intention of maligning any public servant when she shared a viral post about the alleged treatment of an elderly client at the Public Attorney’s Office (PAO) in Meycauayan, Bulacan. ‎ ‎In statements posted on her Facebook and TikTok accounts, Gelyn said she took down the post after the concern she raised was addressed by the authorities. “I had no intention of maligning or damaging the reputation of any public s