Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
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Recently, the Congressional Policy and Budget Research Department (CPBRD) issued four budget briefs on the proposed 2027 national budget covering the Philippine economy, the medium-term revenue program, expenditure assessment, and public debt sustainability. Taken together, they tell one coherent story: the government is trying to consolidate its fiscal position at a time when growth is […]
Read more →AIA PHILIPPINES Life and General Insurance Co., Inc. (AIA Philippines) and its bancassurance arm BPI AIA Life Assurance Corp. (BPI AIA) have launched participating whole-life insurance plans that offer lifetime protection and guaranteed income benefits. The two plans, AIA Platinum Secure and BPI AIA ADDvantage, offer lifetime protection with guaranteed cash payouts, milestone bonuses, and […]
Read more →Say you find yourself at a conference, industry mixer, business cocktails, or a meet-and-greet with a potential joint venture partner, and someone asks you what you think of Pax Silica. In such a situation, you want to be able to show that you know what Pax Silica is, and, gin tonic in hand, offer some […]
Read more →OWN BANK, The Rural Bank of Cavite City, Inc., has appointed Don Niño Santos as its new president and chief executive officer as it looks to enhance its digital capabilities and expand financial access. Mr. Santos has more than 27 years of leadership experience across the banking, fintech, telecommunications, risk management, and regulatory compliance fields. […]
Read more →ASEAN member-states must harmonize their trade rules to plug loopholes that are being exploited by transnational crimes to proliferate illicit tobacco trade, a Japan Tobacco International (JTI) Philippines official said.
Read more →Consumer finance platform Billease has secured a P1-billion credit facility from Philippine National Bank (PNB), further expanding its local funding base as it scales its loan portfolio and moves deeper into traditional banking.
Read more →The Bureau of Internal Revenue has filed a tax evasion case with the Department of Justice against Hongsheng Gaming Technology Inc., which operated offshore gaming activities in the Philippines, over alleged tax violations resulting in P2.23 billion in tax deficiencies.
Read more →The Philippines’ balance of payments position returned to a deficit in July as higher foreign exchange outflows, including debt payments and import-related dollar demand, weighed on the country’s external position.
Read more →The Bangko Sentral ng Pilipinas wrote off P2.8 billion in past-due loans in 2025 as it moved to clean up long-standing legacy exposures and refocus its credit operations on its role as lender of last resort.
Read more →Dominion Holdings Inc. is preparing for a major expansion push that could make it the largest mining company in the Philippines, with control of the Tampakan copper-gold project and a significant hike in its authorized capital stock in the pipeline.
Read more →Epson Precision Philippines Inc. is investing over P40 million to expand its operations in Batangas to include the manufacture of industrial robots, according to the Philippine Economic Zone Authority.
Read more →The Local Water Utilities Administration and the Japan International Cooperation Agency deepened their partnership through broader coordination in modernizing the country’s water districts.
Read more →Businesses have a muted outlook for the rest of the year but remain hopeful that conditions will improve next year, according to the Management Association of the Philippines.
Read more →Data costs in the Philippines have decreased by two-thirds to nearly P7 per GB, as connectivity coverage and speed improved when the government resorted to real-time analytics to check on telco performance.
Read more →PhilCare, a premier health maintenance organization in the Philippines, has entered into a partnership with Hi-Precision Diagnostics to introduce the Precision Care product line. This collaboration aims to provide Filipinos with streamlined, technology-enabled health care plans that combine emergency coverage with the diagnostic expertise of Hi-Precision’s nationwide clinic network.
Read more →The Philippines has signed its first air service agreement with Iceland, providing as many as seven flights weekly between the two countries to open the possibility of direct and connecting trips.
Read more →The government remains on track to meet its fiscal deficit target this year, with the deficit-to-gross domestic product (GDP) ratio projected at 5.45 percent for the full year, according to the Department of Finance.
Read more →The Philippines should focus more on semiconductor manufacturing if it wants to attract foreign investment and improve its economy more quickly amid the current AI boom, instead of focusing on data centers that would take longer to put up because of their numerous requirements, which include power reliability, network connectivity and geographic stability.
Read more →Property giant Robinsons Land Corp. expects the share of its investment portfolio in its revenue mix to rise further over the next two years as it continues to beef up its recurring-income businesses.
Read more →Kerwin Max Tan, chief financial, risk and compliance officer of Robinsons Land Corp. was named CFO of the Year at the 25th Global Edition of the Asia Business Leader of the Year Awards, held at Pan Pacific Singapore on Aug. 3.
Read more →Singapore-based sustainable energy and urban solutions provider Sembcorp Industries Ltd. is exploring the development of an industrial park in New Clark City in Tarlac.
Read more →SM Warehouses, a unit of integrated property developer SM Prime Holdings Inc., is expanding its footprint as logistics and warehouse demand in the country rises.
Read more →The stock market rebounded yesterday as investors snapped up shares at lower prices following the previous day’s selloff.
Read more →he Southwest Monsoon dumped 201.7 mm of rainfall in just five hours over Metro Manila on Aug. 17. With 138 mm falling in a two-hour window, widespread flooding hit major roads across Metro Manila.
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