Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
10034 articles across all sources
Alternergy plans P2-B fundraising for renewable energy projects
RENEWABLE ENERGY producer Alternergy Holdings Corp. plans to raise P2 billion through green fixed-rate notes to support its project pipeline. In a statement on Wednesday, the company said its board of directors had approved the issuance, which will mark its maiden offering in the Philippine debt capital market. The notes will be offered to qualified […]
Read more →LNGPH weighs participation in gov’t gas auction
By Sheldeen Joy Talavera, Reporter LNGPH, a consortium of Meralco PowerGen Corp. (MGEN), Aboitiz Power Corp. (AboitizPower), and San Miguel Global Power Holdings Corp. (SMGP), is studying whether to participate in the government’s planned mid-merit natural gas auction. MGEN President and Chief Executive Officer (CEO) Emmanuel V. Rubio said the consortium is evaluating its participation […]
Read more →Maxicare life insurance arm rebrands to strengthen healthcare integration
MAXICARE Life Insurance Corp. (MaxiLife) has been rebranded to Maxicare Insurance as part of the Maxicare Group’s integration of companies in its stable. The rebranding aims to unify the group’s services and streamline from a traditional health maintenance organization into a broader healthcare group, it said in a statement. The group wants to make preventive […]
Read more →HitPay launches SME solutions
PAYMENT infrastructure provider HitPay has launched a range of financial tools for small and medium enterprises (SME) to help simplify payment management for businesses. To be launched in phases, CFO Stack will first introduce business to business (B2B) collections featuring real-time payment confirmation and reconciliation alongside other payment methods, including cards, PayNow/QR and payment links […]
Read more →Ayala Land Premier starts Gardencourt unit turnover in Taguig
AYALA LAND PREMIER has started turning over units at Gardencourt Residences in Taguig City as parent Ayala Land, Inc. (ALI) targets the delivery of about 13,000 residential units this year. Turnover has begun at Molave, the first of five mid-rise towers planned for the 2.1-hectare development in Arca South, the developer said in a statement […]
Read more →Filipino fintech BCRemit charts expansion path
FILIPINO financial technology (fintech) firm BCRemit is looking to scale its services and expand in other markets after surpassing $1 billion in processed cross-border transfers. The remittance service company plans to extend its cross-border settlement capabilities beyond retail transfers to serve small- and medium-sized enterprises (SMEs), business process outsourcing (BPO) firms, and freelancers, while offering […]
Read more →SEC orders G’s Kicks to halt investment solicitation
THE Securities and Exchange Commission (SEC) has ordered G’s Kicks Billard Hall/G’s Kicks to stop allegedly offering unregistered securities through an investment scheme, citing what it described as prima facie violations of securities laws. In a notice on Tuesday, the corporate regulator said its Enforcement and Investor Protection Department (EIPD) issued a cease-and-desist order (CDO) […]
Read more →Foreign news
WHY do we follow news from abroad? Should an upcoming mid-term election or the passage of ships elsewhere in the world be of any interest to us? And yet, we find ourselves tracking such stories. Is international news like watching a thriller with the plot twisting and turning around real characters? And yet this is […]
Read more →BSP drafts rules for administrative cases vs supervised institutions
THE BANGKO SENTRAL ng Pilipinas (BSP) has drafted rules of procedure for the administrative proceedings it handles against its supervised institutions (BSIs) and their personnel. According to a draft circular, the central bank wants to establish a summary proceeding framework designed to resolve legal and regulatory violations of BSIs in line with The New Central […]
Read more →Analyst sees more financial products driving Mynt growth
GCASH operator Mynt, Inc. has room to expand its financial products and services as it moves toward a planned P92.32-billion initial public offering (IPO), according to Reyes Tacandong & Co. Senior Adviser Jonathan L. Ravelas. Speaking at the Kapihan sa Manila Bay forum on Wednesday, Mr. Ravelas said Mynt could build on its existing e-wallet […]
Read more →Grab to buy control of Atome for $1.5 billion
GRAB Holdings Ltd. agreed to buy a majority stake in Singapore-based buy-now-pay-later platform Atome Financial for $1.49 billion,…
Read more →On the Luzon Economic Corridor and Cash IPO
The Luzon Economic Corridor (LEC) has become a major investment project of the administration; it should prosper. LEC will be linking Subic-Clark-Metro Manila-Batangas plus surrounding areas into an economic hub supported by infrastructure, efficient logistics, reliable energy, digital connectivity, and a skilled workforce. Last week, on Sept. 9, the inaugural LEC Investment Forum was held […]
Read more →On the Luzon Economic Corridor and GCash IPO
The Luzon Economic Corridor (LEC) has become a major investment project of the administration; it should prosper. LEC will be linking Subic-Clark-Metro Manila-Batangas plus surrounding areas into an economic hub supported by infrastructure, efficient logistics, reliable energy, digital connectivity, and a skilled workforce. Last week, on Sept. 9, the inaugural LEC Investment Forum was held […]
Read more →High-quality data, human oversight key to maximizing AI’s business value
PHILIPPINE BUSINESSES adopting artificial intelligence (AI) tools must prioritize maintaining trusted, high-quality data and human oversight to ensure informed decision-making, CIBI Information, Inc. said. CIBI President and Chief Executive Officer Pia Arellano said that while modern digital tools, especially those powered by AI, can process data at a higher scale, these cannot guarantee better decisions. […]
Read more →Movem, Filinvest tie up on EV charging infrastructure
MOVEM Electric, Inc., the sustainable mobility arm of Manila Electric Co. (Meralco), is partnering with the Filinvest Group to develop electric vehicle (EV) charging infrastructure across the property developer’s portfolio. In a media release on Wednesday, Movem said the partnership is intended to address Filinvest’s EV charging requirements across its commercial, residential, and office developments. […]
Read more →Mooncakes and more
WE’VE GOT just a little more than a week before the Mid-Autumn Festival lands on Sept. 25. In this city with its pronounced Filipino-Chinese population, mooncakes will be exchanged, and dinners will be had. Here are some of the options. The Peninsula Manila LIGHT UP the Mid-Autumn festivities with Peninsula mooncakes flown in especially […]
Read more →The country’s next energy frontier
Growing up in the 1970s, I used to watch an animated TV show called Sealab 2020, a US-produced series set in an underwater research base on a seamount. The setting was, of course, the year 2020. The show’s producers imagined that humans would already be living under water in about 50 years’ time. Sealab, as […]
Read more →Peso strengthens vs dollar before Fed policy decision
THE PESO climbed further against the dollar on Wednesday as players positioned ahead of the US central bank’s…
Read more →TDF yields continue to go up as market sees further tightening
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits rose further on Wednesday even as the offer was oversubscribed, as higher oil prices and the peso’s depreciation strengthened the case for further monetary policy tightening. Demand for the seven-day term deposit facility (TDF) reached P137.579 billion, exceeding the P120 billion placed on the auction […]
Read more →Beyond NLEX’s flood fix
The rains brought by the habagat toward the tail end of August triggered flooding that affected millions of Filipinos.
Read more →BSP move in focus as US Fed hike looms
A possible interest rate hike in the United States is putting the Bangko Sentral ng Pilipinas next move in focus, with analysts offering differing views on whether further tightening is needed and how soon it should come.
Read more →Cebu Pacific turns in surprise as air traffic grows in August
In one of the most weather-disturbed months of the year, it is normal for air travel to decline, but low-cost carrier Cebu Pacific pulled a two-percent traffic growth instead in August.
Read more →DA mulls P210/kilo floor price for hogs
The Department of Agriculture is studying a proposal to set a P210 per kilo floor price for live hogs to help raisers cope with falling farmgate prices.
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