Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
10060 articles across all sources
Federal Land inaugurates Aki Tower, eyes another Cebu project
FEDERAL LAND, Inc. has inaugurated the Aki Tower of The Seasons Residences in Bonifacio Global City as the property developer considers another project in Cebu and takes a measured approach to future developments, Chairman Alfred V. Ty said. “We hope to do something in Cebu also and be able to, again, showcase to them the […]
Read more →Arts & Culture (09/16/26)
FOLLOWING a staging that was part of the University of Santo Tomas (UST) Conservatory of Music’s 80th founding anniversary celebration earlier this year, Rodgers & Hammerstein’s South Pacific is back, this time at the Proscenium Theater.
Read more →Moody’s set to acquire minority stake in local credit rater PhilRatings
MOODY’S CORP., the holding company of global credit watcher Moody’s Ratings, is set to acquire a minority stake…
Read more →Moody’s set to acquire minority stake in local credit rater PhilRatings
MOODY’S CORP., the holding company of global credit watcher Moody’s Ratings, is set to acquire a minority stake in the country’s pioneer credit rating agency Philippine Rating Services Corp. (PhilRatings). In a statement on Monday, Moody’s said the investment is part of its efforts to expand its network of domestic rating agency affiliates in the […]
Read more →SEC chair says GCash IPO shows PHL capacity for large deals
THE planned initial public offering (IPO) of Mynt, Inc., operator of the GCash e-wallet, shows that the Philippine capital market can accommodate large equity transactions, Securities and Exchange Commission (SEC) Chairperson Francisco Ed. Lim said. “An offering of this magnitude is a most welcome development. It demonstrates that the Philippine capital market has the capacity […]
Read more →The shared history of Mexico and the Philippines
Every Sept. 16, Mexico celebrates its independence from Spain with a national holiday featuring fireworks and cultural performances that recall the beginning of its fight for freedom. The commemoration traces back to 1810, when Miguel Hidalgo y Costilla, a Catholic priest known as Father Hidalgo, called for independence in Dolores. After his speech, Hidalgo raised […]
Read more →Peso rebounds after hitting P62.90 range
THE PESO rebounded slightly against the dollar on Tuesday from its latest all-time-low close, but still hit a…
Read more →Peso rebounds after hitting P62.90 range
THE PESO rebounded slightly against the dollar on Tuesday from its latest all-time-low close, but still hit a new record intraday trough as players looked ahead to the US Federal Reserve’s policy meeting, where a rate hike is expected due to growing inflation pressures from rising oil prices. The currency gained 2.5 centavos to end […]
Read more →P55-B equipment cost may weigh on Semirara mine auction — SMPC
A NEW operator of the Semirara coal mine may need to invest at least P55 billion in equipment to sustain large-scale production, a cost that could be difficult to recover given the mine’s remaining life, according to Semirara Mining and Power Corp. (SMPC) Chairman Isidro A. Consunji. “If you want to produce 60 million tons […]
Read more →The need for quality work: Work is for the human person
(Part 2) There are defeatists who say that poor-quality work is better than no work. As we consider the high rate of poverty in the Philippines, despite our having attained so-called Upper-Middle Income Status, there could arise among our leaders and policy makers the mentality that “beggars can’t be choosers.” That the unemployed or underemployed […]
Read more →Asialink targets to disburse P28 billion via GrowBiz Loan
ASIALINK FINANCE Corp. (AFC) aims to disburse P28 billion under its new business loan product as it moves into larger-ticket and longer-term financing programs for medium enterprises. The company has launched GrowBiz Loan, a financing program that offers qualified medium enterprises up to P100 million in funding, with repayment terms of up to seven years […]
Read more →Cebu panel recommends continued work at Monterrazas after flood review
A CEBU CITY technical panel has recommended allowing Mont Property Group’s 118-hectare Monterrazas de Cebu project to continue after reviewing its flood control measures, while saying the findings did not establish that the development had no role in nearby flooding. The city’s Technical Infrastructure Committee (TIC), through Resolution No. 2026-008 adopted on Sept. 8, approved […]
Read more →Manulife Philippines appoints new chief operating officer
THE MANUFACTURERS Life Insurance Co. (Phils.), Inc. (Manulife Philippines) has appointed Erica Jurilla Santos as its new chief operating officer to help strengthen the company’s customer service and distribution. The appointment took effect on Sept. 15, the insurer said in a statement. Ms. Santos will focus on strengthening service, operational performance, digital adoption, and customer-focused […]
Read more →Manulife Philippines appoints new chief operations officer
THE MANUFACTURERS Life Insurance Co. (Phils.), Inc. (Manulife Philippines) has appointed Erica Jurilla Santos as its new chief operations officer to help strengthen the company’s customer service and distribution. Philippinemarket insights The appointment took effect on Sept. 15, the insurer said in a statement. Ms. Santos will focus on strengthening service, operational performance, digital adoption, […]
Read more →MoneyHero’s Filipino users hit 7.1M as of June
MONEYHERO Group saw its Filipino members increase to 7.1 million as of end-June despite lower volumes. This was up from six million a year earlier, representing 70% of the group’s 10.1 million total and making the Philippines its largest market in terms of members, it said. MoneyHero Group operates in the Philippines through financial comparison […]
Read more →Cash remittances hit seven-month high in July
CASH REMITTANCES rose to its highest monthly level in July this year as overseas Filipino workers (OFWs) sent home more money ahead of the school season, with the weak peso also providing some support, preliminary central bank data showed. Read the full story.
Read more →Additional asset infusion boosts MREIT portfolio to P122 billion
The real estate investment trust of Megaworld Corp. has secured regulatory approval for its largest asset infusion to date, elevating its property portfolio to P122 billion.
Read more →BSP taps online job postings, AI to track unemployment
The Bangko Sentral ng Pilipinas is using online job postings and artificial intelligence in research aimed at estimating unemployment ahead of official data releases and detecting shifts in demand for workers across industries.
Read more →E-commerce sales seen outpacing traditional retail
The country’s retailers expect traditional store sales to rise by up to 10 percent this year, but e-commerce sales are likely to grow faster due to lower prices.
Read more →Government sees faster Q4 growth
The Philippine economy is expected to grow at a faster pace in the fourth quarter as weather disturbances weighing on overall economic activity in the current quarter, according to the Department of Economy, Planning and Development.
Read more →July remittances hit 7-month high
Personal remittances from overseas Filipinos rose by two percent to $3.6 billion in July, the highest level since December last year, as money sent home continued to provide steady support to household spending despite modest growth.
Read more →Moody’s to buy minority stake in PhilRatings
Moody’s Corp. has agreed to acquire a minority stake in Philippine Rating Services Corp., expanding its presence in the country as demand for financing creates opportunities for the domestic bond market.
Read more →More economic pain (Conclusion)
Following the takeover of control of the Bab Al Mandab Strait by Iran-backed Houthi rebels, prices of crude oil have now gone up by two to three percent to between $107 and P108 per barrel for Brent crude and $102 to $103 per barrel for West Texas Intermediate as of Sept. 15.
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