Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
10098 articles across all sources
More choices, not just ‘free,’ is what really protects Filipino consumers
AS BIG BANKS waive transfer fees, it’s worth remembering that a healthy mix of financial companies, not a single free option, is what has kept costs down and services improving for ordinary Filipinos.
Read more →Fish below, power above
Some years back, I visited a farm in Bataan planted with both mangoes and rice, alongside a fishpond. On the farm was a swimming pool filled with untreated water drawn by pump from a nearby well. That same water irrigated the surrounding rice land and mango farm, and filled the pond. What struck me as […]
Read more →Fogo de Chão announces new location as it marks its first year
SINCE the announcement that it was coming to our shores back in 2022, our chops were already watering for Fogo de Chão’s signature slices of meat barbecued Brazilian-style. After finally opening in 2025, it celebrates one year of filling up Filipinos’ stomachs. During lunch on Aug. 14 (it opened on Aug. 18), we were introduced […]
Read more →PayMongo, Skyro team up to enable credit-backed payments at merchants
PAYMONGO GROUP has partnered with Skyro Lending, Inc. to allow businesses to accept credit-backed digital payments. Under the partnership, Skyro credit line holders will be able to spend it at QR Ph merchants through PayMongo’s network, helping expand Filipino businesses’ customer base. This is in line with both companies’ push to help narrow the gap […]
Read more →FWD Philippines tops life insurers in terms of new business in 1st half
FWD Life insurance Corp. (FWD Philippines) kept its position as the country’s top life insurer in terms of new business annual premium equivalent (NBAPE) for the first semester, it said on Wednesday. Citing Insurance Commission (IC) data, FWD Philippines said its NBAPE rose by 23.5% year on year to P5.26 billion in the first half […]
Read more →Analysts see scope for one more BSP rate hike
The Bangko Sentral ng Pilipinas may need one more interest rate increase before year end as El Niño threatens food prices and the peso remains under pressure, analysts said, even as the central bank signaled it hopes to pause after three consecutive hikes.
Read more →‘Data center boom to yield small gains for Philippines’
The Philippines is expected to reap only a marginal economic boost from its data center buildout through 2030, with severe power supply and energy security constraints threatening to slow projects, according to Moody’s Ratings.
Read more →For Robinsons Retail, it’s business as usual as a private company
Robinsons Retail Holdings Inc. has officially ended its nearly 13-year run on the Philippine Stock Exchange, and while its executives have things they will miss about life as a listed company, there are also things they will gladly leave behind.
Read more →‘Global minimum tax to raise additional P24.4 billion revenues yearly’
The Philippines could generate about P24.4 billion in additional annual revenue starting in 2029 under a proposed global minimum tax, the Department of Finance said.
Read more →Government seeks alternative feedstock to boost bioethanol production
The Department of Agriculture and the Department of Energy are looking to increase the country’s bioethanol production through the use of cheaper and diversified feedstock.
Read more →Government to unload P69.9-billion budget for rice programs
President Marcos is proposing P69.9 billion funding for three major rice programs next year as the government seeks to boost domestic production, raise farmers’ incomes and help keep rice affordable and accessible. Acting Budget Secretary Kim Robert de Leon said the proposed funding forms part of the administration’s broader food security agenda, which seeks to raise agricultural productivity while improving the livelihoods of farmers and fisherfolk.
Read more →JG Summit expects to sustain topline growth
Conglomerate JG Summit Holdings Inc. of the Gokongwei Group expects revenue growth in the second half to be in line with the previous semester despite risks such as inflation and weather disruptions.
Read more →Jobstreet by SEEK expands support to MSMEs via LGUs
Employment platform Jobstreet by SEEK is strengthening its support to micro, small and medium enterprises (MSMEs) with wider capacity-building programs through local government units.
Read more →Kanda secures 2nd term as ADB president
Asian Development Bank president Masato Kanda is serving a second term after being re-elected to lead the multilateral lender as Asia-Pacific faces headwinds and new shocks.
Read more →Mitsubishi unveils all-new Pajero SUV
Automotive firm Mitsubishi Motors Corp. yesterday unveiled the all-new Pajero sports utility vehicle (SUV), which it plans to launch in Southeast Asia, including the Philippines, in the next fiscal year.
Read more →‘Philippines could be Nissan’s top Asean market anew’
Japanese multinational automaker Nissan Motor Co. Ltd. sees strong potential for the Philippines to reclaim its position as the company’s top market in Southeast Asia.
Read more →Philippines may not export sugar to US this year
The Philippines may not export sugar to the United States this year due to production constraints in local sugarcane, according to the Sugar Regulatory Administration.
Read more →SierraCol chair joins Prime Infrastructure board
The chairman of SierraCol Energy Ltd., Colombia’s largest independent oil and gas exploration firm, is reinforcing Prime Infrastructure Capital Inc.’s global expansion drive with his appointment to its board of directors.
Read more →SMC, Aboitiz units win Meralco supply deals
Energy firms controlled by Ang-led San Miguel Corp. and the Aboitiz Group have placed the best bids to supply 600 megawatts (MW) of power to utility giant Manila Electric Co.
Read more →SSS investment income seen to hit P71.4 billion by year-end
The Social Security System expects to generate P71.41 billion in investment income by year-end, helping lift its net income despite higher pension and other benefit payouts.
Read more →Stocks dip as peso continues to depreciate
The local stock market pulled back yesterday following Tuesday’s strong performance, with investor sentiment dampened by the continued depreciation of the peso.
Read more →The ERC, Nasecore, pumped hydro and nuclear power
Last Monday a “consumer group” went to the Ombudsman and filed a complaint against Energy Regulatory Commission officials for allowing line rental charges embedded in electricity bills.
Read more →Unbearable and unacceptable floods
The relentless habagat rains over the long weekend once again left many areas underwater, with images of flooded communities filling news reports and social media platforms.
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