Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
10048 articles across all sources
House panel approves 2027 budget
THE HOUSE COMMITTEE on Appropriations on Monday approved the proposed P7.2-trillion national budget for 2027, clearing the way for plenary deliberations. Appropriations Committee Chairperson and Nueva Ecija Rep. Mikaela Angela B. Suansing said House Bill (HB) No. 10858 or the General Appropriations Act was approved without amendments during an executive committee meeting. Ms. Suansing is […]
Read more →Two Filipino films are Oscar-bound
IF THINGS go right, the Philippines will be represented in the Oscars by two movies, one as the country’s official entry to the Best International Feature Film category at the 99th Academy Awards, the other as Australia’s official entry. The Film Academy of the Philippines (FAP) has announced that Rafael Manuel’s Filipiñana has been selected […]
Read more →Ben&Ben brings The Traveller Across Dimensions to print
BEN&BEN frontmen Miguel Benjamin Guico and Paolo Benjamin Guico have brought the story of their album, The Traveller Across Dimensions, from music to print, releasing the paperback edition of their first book on Sept. 12 at the Manila International Book Fair (MIBF) at the SMX Convention Center Manila in Pasay City. The twins, both singers […]
Read more →KKR exits First Gen with P25.8-B stake sale
GLOBAL INVESTMENT firm Kohlberg Kravis Roberts & Co. L.P. (KKR) has sold its entire 19.9% economic interest in Lopez-led First Gen Corp. for about P25.77 billion, weeks after First Philippine Holdings Corp. (FPH) rejected KKR’s bid to acquire more shares in the power producer.
Read more →Armando ‘Bing’ Lao is now a National Artist for Film
THIS SEPTEMBER Armando “Bing” Lao (1948-2024) was posthumously granted the title of National Artist of the Philippines, generally considered the highest such honor the state can give one of its citizens in the field of culture. I am personally ambivalent about this — first instituted by Ferdinand Marcos, Sr. in 1972, the award was ostensibly […]
Read more →A showcase of original Pinoy music through theater
IT HAS BEEN 30 years or so since the 1990s, to the dismay of older millennials who must contend with the cruel passage of time and the what-ifs that go with it.
Read more →Vista Land eyes year-end deal for Mandaluyong, Mindanao mall sales
VISTA LAND & Lifescapes, Inc. (VLL) said talks to sell two non-core malls in Mandaluyong and Southern Philippines are progressing, with a deal considered likely by the end of 2026, while the expected release of its audited 2025 financial statements has been pushed back to the end of September, according to credit research firm CreditSights. […]
Read more →House of Investments says insurance, schools drove 2025 earnings
YUCHENGCO-LED House of Investments, Inc. (HI) said its financial services and school businesses accounted for most of its earnings in 2025, as the listed holding company outlined plans to increase recurring income across its portfolio. In a statement on Monday following its 2026 annual stockholders’ meeting, HI said consolidated net income rose 27% to P3.6 […]
Read more →Entertainment News (09/15/26)
THE Film Academy of the Philippines (FAP) has officially selected Filipiñana, directed by Rafael Manuel, as the Philippines’ entry for Best International Feature Film at the 99th Academy Awards.
Read more →Corporate Social Responsibility: The myth and the reality
The country today is experiencing a crisis arising from the gross inequality in the distribution of income and wealth, and the inaccessibility of economic opportunities to a large segment of the population that is mired in poverty. To be sure, the Philippine Statistics Authority (PSA) reports that the distribution of income in the country has […]
Read more →Aboitiz Construction, ACCIONA form facilities management JV
ABOITIZ Construction, Inc. has formed a joint venture (JV) with Spanish infrastructure company ACCIONA S.A. to provide integrated facilities management services to companies in the pharmaceutical, industrial, corporate, and transport sectors in the Philippines. In a statement on Monday, Aboitiz Construction said the joint venture, ACCIONA Facility Management Philippines, has been launched to provide maintenance […]
Read more →Damosa targets 2-3 years to finish Davao socialized housing project
DAMOSA Land, Inc. (DLI) is targeting completion of its multi-building socialized housing project in Davao City within two to three years, with land development now under way. “[We’re] planning to build 13 to 14 buildings [of the socialized housing project] in phases, with the first three or four buildings constructed for compliance requirements,” Damosa Land […]
Read more →Why developers still build socialized housing despite limited profitability
PROPERTY DEVELOPERS continue to build socialized housing even as government price ceilings limit how much they can earn from the segment, with analysts pointing to regulatory requirements and lower-cost development models as reasons the projects remain part of their portfolios.
Read more →When a P100-billion surplus isn’t really a P100-billion surplus
Here is a deceptively simple question: When is a P100-billion revenue surplus not really P100 billion of additional fiscal space? When it is a surplus in one revenue stream while the Government’s overall fiscal position has not improved. This matters because of the way Unprogrammed Appropriations (UA) had been activated in the past. Under the […]
Read more →T-bill rates climb further as oil surge fans inflation concerns
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday, even as yields…
Read more →T-bill rates climb further as oil surge fans inflation concerns
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday, even as yields continued to climb due to growing inflation worries following a surge in global oil prices and a weakening peso amid the Middle East conflict. The Bureau of the Treasury (BTr) raised the planned P42 billion from the […]
Read more →Monetary operations mop up P975 billion in excess liquidity — BSP
THE BANGKO SENTRAL ng Pilipinas (BSP) has mopped up under P1 trillion in excess money supply from its…
Read more →Monetary operations mop up P975 billion in excess liquidity — BSP
THE BANGKO SENTRAL ng Pilipinas (BSP) has mopped up under P1 trillion in excess money supply from its monetary operations as of mid-August, according to its latest monetary policy report. In its Monetary Policy Report for August 2026, the BSP said its monetary operations absorbed P975.4 billion in liquidity as of Aug. 19. “The BSP’s […]
Read more →Ayala Land unit to invest P1B in Market! Market! upgrade
STATION Square East Commercial Corp. (SSECC), an Ayala Land, Inc.-led company, will invest P1 billion to modernize Market! Market! in Bonifacio Global City (BGC) under a finalized 12-year and seven-month lease extension with the Bases Conversion and Development Authority (BCDA), the parties said on Monday. Under the agreement, SSECC will continue operating Market! Market! for […]
Read more →Financial consumer complaints continue to rise, central bank says
CONSUMER COMPLAINTS coursed through the Bangko Sentral ng Pilipinas (BSP) have continued to rise, with concerns on account management emerging as the top issue, a senior official said. Complaints seen so far this year have already breached the over 120,000 recorded last year, BSP Deputy Governor Bernadette Romulo-Puyat told reporters on Friday, which she attributed […]
Read more →Aboitiz teams up with ACCIONA for facilities management services
Spanish multinational ACCIONA has teamed up with local conglomerate Aboitiz Group to deliver integrated facilities management services to domestic enterprises, opening up new revenue opportunities for both parties.
Read more →Alson forges power supply deal with Japanese metal manufacturer
Alcantara-led Alsons Power Group has secured a deal to supply electricity to Japanese-affiliated Makoto Metal Technology Inc.’s two manufacturing plants in Cebu.
Read more →Ayala Land to spend P1 billion for Market! Market! facelift
The Zobels have secured the government’s approval to expand its lease on Market! Market! for more than 12 years in exchange for a P1-billion pledge to turn the property into a retail-mobility hub.
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