Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2342 articles from BusinessWorld
Shakespearean tradition in modern-day Manila
THE WORDS of William Shakespeare have found a place in today’s youth culture in Repertory Philippines’ (REP) latest production.
Read more →MREIT secures SEC approval for P27-billion asset infusion
MREIT, Inc. has secured Securities and Exchange Commission (SEC) approval for its P27-billion Wave 5 property-for-share swap, allowing the real estate investment trust (REIT) to proceed with the transaction. The REIT of Megaworld Corp. said in a statement on Tuesday that the asset infusion would bring its assets under management to about P122 billion upon […]
Read more →DHI shareholders approve Tampakan-linked merger
DOMINION Holdings, Inc. (DHI) shareholders have approved the company’s merger with Indophil Resources Phils., Inc. and Sonar Holdings Inc., a transaction that would give the listed holding company control of Sagittarius Mines, Inc. (SMI), which holds the Financial and Technical Assistance Agreement covering the Tampakan copper-gold project in South Cotabato. The merger was approved during […]
Read more →Nicanor Tiongson’s many hats earn him a Nat’l Artist Award
FOR his very wide body of work, which ranges from plays and dance librettos anchored in Philippine history, to books on Philippine cinema and art, to an entire encyclopedia of the country’s arts, writer and academic Nicanor G. Tiongson is now a National Artist for Literature. This was announced through Proclamation No. 1414, officially released […]
Read more →BTr partially awards bonds as yields jump on oil price woes
THE GOVERNMENT made a partial award of the dual-tranche Treasury bonds (T-bonds) it offered on Tuesday, rejecting all bids for the shorter tenor, as yields jumped due to rising oil prices amid the worsening conflict in the Middle East. The Bureau of the Treasury (BTr) raised just P6.032 billion via its dual-tenor T-bond offer, below […]
Read more →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 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 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 →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 →Romualdez placed in Quezon City jail clinic under medical supervision
FORMER SPEAKER and incumbent Leyte Rep. Ferdinand Martin G. Romualdez has been placed in the infirmary ward of the Quezon City Jail in Payatas with three other inmates and remains under medical supervision, Interior Secretary Juanito Victor “Jonvic” C. Remulla said on Tuesday.
Read more →QC court rejects VP Sara bid to inhibit magistrate
A QUEZON CITY (QC) regional trial court (RTC) has rejected Vice-President (VP) Sara Duterte-Carpio’s motion seeking the inhibition of the judge handling the three grave threat cases against her, allowing the proceedings to continue under the same judge. In an order dated Sept. 14, RTC Branch 98 Presiding Judge Maria Angelica P. De Ramos rejected […]
Read more →VP declared no cash assets in SALNs since 2019, Ombudsman witness says
VICE-PRESIDENT (VP) Sara Duterte-Carpio declared no cash on hand or cash in bank in her statements of assets, liabilities and net worth (SALNs) from 2019 to 2025, an Office of the Ombudsman official told the Senate impeachment court on Tuesday. At the 25th day of Ms. Duterte’s impeachment trial, Karen S. Batu, officer-in-charge of the […]
Read more →Overhaul of class suspension rules sought
THE Second Congressional Commission on Education (EDCOM II) has called for an overhaul of class suspension rules, warning that broad cancellations of classes are adding to the Philippines’ learning crisis. In a policy note released on Tuesday, EDCOM II urged the government to amend Executive Order No. 66, series of 2012, to establish science-based criteria […]
Read more →2027 budget faces scrutiny as House begins plenary deliberations
THE House of Representatives on Tuesday opened plenary deliberations on the proposed P7.2-trillion national budget for 2027, with lawmakers questioning how much of the spending plan Congress can control. Party-list Rep. and Minority Leader Marcelino C. Libanan said the budget should be examined beyond the size of its allocations, including the amount subject to congressional […]
Read more →DoJ subpoenas Padilla, 6 others over dela Rosa escape
THE Department of Justice (DoJ) has subpoenaed Senator Robinhood C. Padilla over a complaint alleging that he helped Senator Ronald “Bato” M. dela Rosa evade authorities after the latter left the Senate compound in May. The complaint, filed by the Philippine National Police Criminal Investigation and Detection Group on May 28, names six other respondents, […]
Read more →Palace: No additional UPLIFT funds
NO ADDITIONAL funds have been set aside for the government’s expanded Unified Package for Livelihoods, Industry, Food and Transport (UPLIFT) program despite the prospect of higher oil prices from the conflict in the Middle East, Malacañang said. Future releases will depend on requests from implementing agencies, Palace Press Officer Clarissa A. Castro told a news […]
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