Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2342 articles from BusinessWorld
AirAsia keeps PHL growth plans amid fleet, funding adjustments
AIRASIA Group Bhd. said it remains committed to expanding its Philippine operations as the Malaysian low-cost carrier adjusts its fleet and pursues new funding as part of its broader financial strategy. “We are very committed to the Philippines and Indonesia, we are bringing new capital… we are beginning to grow and add planes, our biggest […]
Read more →Ayala Land shares fall as sector weakness weighs
SHARES of Ayala Land, Inc. (ALI) slipped last week as weakness in the broader property sector outweighed company-specific developments, including the extension of the Market! Market! lease and additional share purchases by parent Ayala Corp., analysts said. Data from the Philippine Stock Exchange (PSE) showed ALI was the 10th most actively traded stock last week, […]
Read more →PSE proposes oversight framework for green equity label
THE Philippine Stock Exchange, Inc. (PSE) has proposed an oversight framework for the Philippine Green Equity Label, setting out procedures for applications, annual assessments, disclosures, external reviewer accreditation, and continuing compliance. The draft rules, dated Sept. 18, are under public consultation, with the PSE accepting comments until Oct. 2. The proposal is based on Securities […]
Read more →Beyond OTPs: Banks balance tighter security with customer trust
By Heather Caitlin P. Mañago, Researcher PHILIPPINE BANKS are moving beyond one-time passwords (OTPs) for authentication and implementing stronger safeguards against digital fraud, but the transition is also putting customer trust and accessibility to the test. The shift follows Bangko Sentral ng Pilipinas (BSP) Circular No. 1213, which implements information technology risk management provisions under […]
Read more →Samsung opens 2026 ‘Solve for Tomorrow’ competition with P2-million prize pool
Samsung Philippines, in partnership with the Department of Education (DepEd), has launched the fourth Philippine edition of its “Solve for Tomorrow” competition, offering nearly P2 million in total prizes for public Science High School students with STEM-based community solutions. Entering its 16th year, Samsung Solve for Tomorrow is a global competition that empowers young changemakers […]
Read more →SEC tightens auditor accreditation rules for large government contracts
THE Securities and Exchange Commission (SEC) has tightened accreditation requirements for auditing firms and external auditors, including rules prescribing the level of accredited auditor that corporations with large government contracts must engage. SEC Memorandum Circular (MC) No. 26, Series of 2026, amended the corporate regulator’s accreditation guidelines for auditing firms and external auditors of SEC-regulated […]
Read more →Fee waivers and the push for affordable digital transfers
IN BETWEEN displays of snacks and goods, quick response (QR) codes for e-wallets and banks are displayed at the front of Ejay Ignacio’s sari-sari store in Antipolo City.
Read more →Yields on government debt to rise as inflation worries weigh
YIELDS on government securities on offer this week may end higher as inflation concerns due to hostilities in the Middle East continue to weigh on market sentiment, and as the US Federal Reserve’s hawkish tone also bolstering rate hike views. The Bureau of the Treasury (BTr) will auction off up to P70 billion in short-term […]
Read more →Peso may be rangebound as war keeps market cautious
THE PESO is expected to continue moving within a narrow range against the dollar this week as the market stays cautious amid volatile developments in the Middle East. On Friday, the local unit slipped by 1.9 centavos to close at P62.749 per dollar from P62.73 on Thursday, data from the Bankers Association of the Philippines’ […]
Read more →Engel’s law, not mayabang: Why the Philippines’ savings crisis is an income crisis
On Aug. 27, BSP Governor Eli Remolona, Jr. blamed the Philippines’ low savings rate on Filipinos being mayabang — boastful/arrogant — and having a “consumption culture.” It was meant to be a laymanized answer to an earlier question from Senator Erwin Tulfo about why the peso keeps on depreciating. This article sets the factual context […]
Read more →CCA Manila launches ProBaking program for aspiring bakers
The Center for Culinary Arts (CCA) Manila has expanded its short-course offerings with the launch of its new Professional Baking Program (ProBaking) at its Bonifacio Global City (BGC) satellite campus, catering to aspiring bakers, career shifters, and food entrepreneurs. The new program is in addition to the existing the Professional Chef Program (ProChef). Designed for […]
Read more →InstaPay, PESONet transfers top P22T
CASHLESS TRANSACTIONS continued to grow, with transfers made via InstaPay and PESONet amounting to over P22 trillion as of August, data from the Bangko Sentral ng Pilipinas (BSP) showed. In the first eight months, InstaPay and PESONet transfers reached a combined value of P22.124 trillion, up 44.72% from the P15.288 trillion seen in the same […]
Read more →TMP expects 2026 auto sales drop amid Middle East crisis
TOYOTA Motor Philippines Corp. (TMP) expects total vehicle sales in the country to decline this year as geopolitical tensions in the Middle East weigh on market demand. “We see that [auto sales] is gonna be lower than last year [for] the whole market,” TMP Senior Vice-President for Marketing Sherwin T. Chua Lim told reporters last […]
Read more →Middle East conflict tests Philippine banking system’s resilience
THE Philippine banking system is now showing signs of strain from the Middle East conflict via second-order impact, manifesting through the effect of a weak economy, elevated inflation, and market volatility on loan quality and demand, as well as credit costs.
Read more →Anti-graft groups return to streets one year after Trillion Peso March
CIVIL SOCIETY, religious and youth groups are set to return to the streets of Manila on Monday, a year after the Trillion Peso March, to press for the prosecution of officials implicated in anomalous flood control projects.
Read more →Duterte ICC appearance does not settle fitness issue — political analysts
FORMER President Rodrigo R. Duterte’s first in-person appearance before the International Criminal Court (ICC) does not resolve whether he is fit to stand trial, analysts said, as judges prepare for the Nov. 30 opening of his crimes against humanity trial.
Read more →Anti-dynasty law could reshape polls but wider reforms needed — analysts
AN ANTI-POLITICAL dynasty law could reshape electoral competition in the Philippines by limiting family control of elective posts, but broader electoral reforms would be needed to produce lasting changes in the country’s political system, analysts said.
Read more →China threatens PHL civilian sea missions
CHINA’S increasingly close encounters with Philippine civilian government vessels could make it harder for Manila to safely carry out fishery and humanitarian missions in the South China Sea, a security analyst said. “The provocation is a result of the continuing plan to fortify Palawan as a military base,” Chester B. Cabalza, president of the International […]
Read more →PHL reaffirms One China Policy
THE Department of Foreign Affairs (DFA) on Sunday reaffirmed the Philippines’ adherence to the One China Policy but maintained it does not prevent the country from pursuing relations with Taiwan. The policy, recognizes the People’s Republic of China as the sole legal government of China, remains “consistent, clear and unchanged,” the DFA said in a […]
Read more →Petition vs DENR waste-to-energy rules junked
THE Supreme Court (SC) dismissed a challenge to the Department of Environment and Natural Resources’ (DENR) waste-to-energy rules, saying the petition raised scientific and factual questions that should first be resolved by a lower court. The SC en banc dismissed the petition filed by environmental groups and individuals against DENR Administrative Order (DAO) No. 2019-21, […]
Read more →270 Filipino seafarers deported from US ports, groups say
AROUND 270 Filipino seafarers have been removed from their vessels and deported from United States ports, migrant rights groups said on Sunday, prompting calls for an investigation into the cases and greater protection for Filipino maritime workers. In a statement, the Save Our Seafarers (SOS) movement, led by the Pilipino Workers Center (PWC) and Center […]
Read more →Coalition-building next step for BARMM, senator says
THE newly elected parliament of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) will need to focus on coalition-building, Senator Francis Pancratius “Kiko” N. Pangilinan said on Sunday. In a statement, Mr. Pangilinan explained that the region’s government has to be formed through coalition and sustained dialogue since it has no majority mandate. The first […]
Read more →Immediate action sought to compensate MV June Aster victims
SENATOR Erwin T. Tulfo on Sunday called for immediate government action to deliver fair compensation to survivors and bereaved family members of the MV June Aster ferry fire. As of Sept. 17, the Philippine Coast Guard (PCG) identified a total of 128 persons onboard the ferry through verified ticket manifests, including 43 survivors, 77 dead, […]
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