Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2342 articles from BusinessWorld
Philippines sees 35% jump in FDI net inflows in June
By Katherine K. Chan, Reporter Foreign direct investment (FDI) net inflows to the Philippines jumped by 35% year on year in June, even as they fell to a two-month low, central bank data showed. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) released on Thursday showed FDI net inflows climbed by 35.1% to $447 […]
Read more →Southwest monsoon hits Zambales with intense rainfall, affects whole country
The southwest monsoon may bring intense rainfall in Zambales and drench almost the entire country in the next 24 hours, posing a risk of flooding and landslides, especially in high-risk areas, according to the state weather bureau on Thursday. Rainfall in Zambales may range between 100 to 200 millimeters (mm), potentially causing numerous flooding events […]
Read more →Ten new National Artists named
MALACAÑANG Palace has recognized 10 new National Artists for 2026, honoring artists in such varied fields as theater lighting, architecture, music, and couture. The list was transmitted by the Palace to the Cultural Center of the Philippines which administers the award, on Sept. 2. The official proclamation has yet to be released. President Ferdinand Marcos, […]
Read more →Philippine banks’ NPL ratio hits 2-month high in July
THE PHILIPPINE BANKING sector’s nonperforming loan (NPL) ratio worsened in July as elevated inflation and higher borrowing costs drove up bad debts, preliminary Bangko Sentral ng Pilipinas (BSP) data showed.
Read more →Visayas, Mindanao spot power prices reach record highs near P20/kWh
ELECTRICITY CONSUMERS in the Visayas and Mindanao could face higher bills this month after spot market prices in both grids surged to record highs of nearly P20 per kilowatt-hour (kWh).
Read more →AI boom may reshape Philippine energy, water plans
THE GOVERNMENT may need to revise its long-term energy and water development plans to account for the growing resource needs of artificial intelligence (AI) data centers, the Department of Economy, Planning, and Development (DEPDev) said.
Read more →PHL EV sales may post double-digit growth through 2030
PHILIPPINE electric vehicle (EV) sales are expected to post double-digit growth through 2030, outpacing overall vehicle sales as rising pump prices boost demand for more energy-efficient transport, according to Fitch Solutions unit BMI.
Read more →SunAsia, Thailand’s Gunkul tie up on P62.5-B floating solar project
PHILIPPINE solar developer SunAsia Energy, Inc. has partnered with Thailand-listed renewable energy and infrastructure company Gunkul Engineering Public Co. Ltd. on a Laguna Lake floating solar development valued at more than $1 billion, or about P62.5 billion, and envisioned to reach approximately one gigawatt (GW) in installed capacity. SunAsia said in a statement Wednesday that […]
Read more →Metro Manila lags most SEA nomad hubs in mobile speed — Ookla
METRO MANILA ranked 11th among 13 Southeast Asian (SEA) destinations in median mobile download speed in the second quarter, although its connectivity remained sufficient for remote work, according to network intelligence firm Ookla. In a Sept. 8 report, Ookla said Metro Manila recorded a median mobile download speed of 75.57 megabits per second (Mbps) across […]
Read more →PhilWeb to sell P1.34-B treasury shares to JKS
LISTED gaming technology company PhilWeb Corp. will sell P1.34 billion worth of its treasury shares to JKS Tech Solutions, Inc., the gaming system administrator behind the Epic Game brand, as part of a broader transaction intended to give the PhilWeb group a 30% stake in JKS. In a disclosure on Wednesday, PhilWeb said it agreed […]
Read more →SM Offices signs Visa expansion lease at Four E-com
SM OFFICES, the office leasing arm of SM Prime Holdings, Inc., has signed an expansion lease with Visa, Inc. that will more than double the digital payments company’s office footprint to 9,000 square meters (sq.m.) at the SM Mall of Asia Complex in Pasay City. In a statement on Wednesday, SM Offices said Visa will […]
Read more →Philosophy lessons from a sushi chef
A FEW select media guests got a lesson in ephemerality and the joy of fleeting pleasures at, of all things, an evening of sushi at the Grand Hyatt Manila’s Lobby Lounge.
Read more →Spanish restaurants serve as food ambassadors to the world
LUIS PLANAS, Spanish minister of agriculture, fisheries and food, paid a visit to the Philippines last week and highlighted the importance of food security, as well as the importance of Spanish food imports and restaurants in the Philippines. “The agricultural sector is one of the pillars of the Spanish economy,” said Mr. Planas in a […]
Read more →Term deposit yields rise further on hawkish BSP, peso weakness
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits climbed for a third straight week despite strong demand amid its hawkish stance and the peso’s depreciation. The BSP’s term deposit facility (TDF) fetched P148.137 billion in bids for the seven-day papers on Wednesday, higher than the P130-billion offer and the P140.675 billion in tenders […]
Read more →ABS-CBN adjusts capital plan for new investors
ABS-CBN CORP. has adjusted its proposed capital structure ahead of planned share subscriptions from new and existing investors, while keeping its authorized capital stock increase at P4.5 billion. In a disclosure on Wednesday, ABS-CBN said its board on Sept. 8 increased the proposed number of preferred shares to 1.3 billion from 1 billion and adjusted […]
Read more →Why doing good is profitable
When there’s talk of business growth opportunities, scalability, and social impact, the ice business isn’t exactly the first thing to enter the conversation. But it should be. That’s what Gerry Santos, the founder of the ever-present Mr. Freeze, has proven with every aspect of his ice wholesale business. From the ice plant to distribution to […]
Read more →Peso rebounds to track yen’s climb
THE PESO strengthened against the dollar on Wednesday to track the Japanese yen’s continued surge along with other regional currencies. The currency rebounded by 11.2 centavos to finish at P62.513 versus the greenback from Tuesday’s all-time low close of P62.625, data from the Bankers Association of the Philippines’ website showed. The local unit opened Wednesday’s […]
Read more →WS Audiology sees continued growth in Philippine hearing aid market
SINGAPORE — WS Audiology (WSA), a hearing aid manufacturer, expects the Philippines to remain a high-growth market as it prepares to bring its new Signia MaX platform to the country, with the launch targeted for late 2026 or early 2027. WSA Managing Director for Southeast Asia April Chong said the company sees room for the […]
Read more →Robinsons Supermarket opens first Panglao branch
ROBINSONS Retail Holdings, Inc. (RRHI) has opened its first Robinsons Supermarket branch in Panglao, Bohol, expanding its grocery network in the province. In a statement on Wednesday, Robinsons Supermarket said the store opened on Sept. 4 at the Bellemar Lifestyle Center along Anos Fonacier Road in Tawala, Panglao. “As we continue to expand our footprint […]
Read more →Better a late ban than never
When I started as a newspaper reporter 33 years ago, I was still smoking, much like many other journalists at the time. For health reasons, I quit around 17 years ago, a couple of years after I left the news desk and turned to writing an opinion column full time. I do not miss cigarettes […]
Read more →Global ‘dirty money’ watchdog to evaluate the Philippines anew
THE BANGKO SENTRAL ng Pilipinas (BSP) has enjoined its supervised financial institutions (BSFIs) to proactively participate in the Financial Action Task Force’s (FATF) upcoming evaluation of the country’s financial system. In a circular dated Sept. 2, the central bank said BSFIs’ data and insights will be vital in the FATF’s mutual evaluation (ME) of the […]
Read more →Canva Philippines partners with Adarna House
CANVA PHILIPPINES has partnered with Adarna House to bring the publishing house’s iconic characters and illustrations onto the design platform. The Adarna House Creative Library on Canva features a curated selection of printable pages, elements, and customizable templates from its activity books, including Sanayang Adarna, Kaya Kong Magsulat!, and Kaya Kong Gumuhit! as part of […]
Read more →Dining In/Out (09/10/26)
THIS SEPTEMBER, Marco Polo Ortigas’ Cucina presents Taste of Italia, a buffet featuring Osso Buco Milanese, Chicken Parmigiana, Tomato and Burrata Salad, Crostata, Limoncello, and various Italian-inspired dishes.
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