Philippines Business News
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2358 articles from BusinessWorld
RLC targets 2031 completion for first two MIRA towers
RLC RESIDENCES, the residential unit of Gokongwei-led Robinsons Land Corp. (RLC), is advancing construction of its MIRA condominium project in Barangay San Roque, Quezon City, with its first two towers scheduled for completion in 2031. “With MIRA, we are completing the residential complex of RLC in this part of Quezon City. Construction activities are in […]
Read more →Quezon leads Gawad Urian with 10 nominations
WITH 10 NOMINATIONS, Jerrold Tarog’s movie Quezon leads this year’s pack of nominees for the 49th Gawad Urian. The Manunuri ng Pelikulang Pilipino released the list of nominations for the film awards on Tuesday. Quezon, produced by TBA Studios, is a historical drama about Philippine president Manuel L. Quezon and is the third and final […]
Read more →Federal Land sees 2026 sales, revenue targets within reach
FEDERAL LAND, Inc. expects to meet or exceed its sales and revenue targets for 2026, with its project timelines and expansion plans remaining on schedule, its president said. “Federal Land is on track to meet, if not exceed, its sales and revenue targets for the year,” Federal Land President Jose Mari H. Banzon told BusinessWorld […]
Read more →The Notebook: The Musical goes beyond the love story
THE music and lyrics of singer-songwriter Ingrid Michaelson and the Tony-nominated book by Bekah Brunstetter provide the solid foundation on which Theater Group Asia’s production of The Notebook: The Musical builds an immersive, emotional world.
Read more →EDOTCO deepens PHL expansion, names new country head
MALAYSIA-BASED digital connectivity infrastructure firm EDOTCO Group is expanding its presence in the Philippines, with a focus on infrastructure sharing and technology solutions partnerships. “The Philippines stands out as one of Southeast Asia’s most compelling digital infrastructure markets. Its strong economic fundamentals, rapid digital adoption and growing connectivity needs present a significant opportunity for EDOTCO […]
Read more →BSP may step in to stem price risks as peso tests fresh lows
THE BANGKO Sentral ng Pilipinas (BSP) is likely to intervene in the foreign exchange market to smoothen sharp swings that may add to inflation risks as the peso remains under pressure. Reyes Tacandong & Co. Senior Adviser Jonathan L. Ravelas said the BSP’s presence in the market will likely be focused on maintaining price stability […]
Read more →Facing scrutiny, SMC cites flood measures for Bulacan airport
SAN MIGUEL CORP. (SMC), through its unit San Miguel Aerocity, Inc. (SMAI), outlined flood-mitigation measures and engineering studies for the New Manila International Airport (NMIA) after online claims linked the Bulacan project to recent flooding. SMAI, the developer of NMIA, said the claims emerged following weeks of heavy rains but did not identify in its […]
Read more →BPI offers free car insurance, savings with auto loans
BANK of the Philippine Islands (BPI) is offering free car insurance coverage of up to five years with their auto loans for select models, alongside savings and other benefits. Under the BPI Dream More Deals campaign, customers can get waived fees of up to P50,000, discounted interest rates, and free one-year car insurance, the bank […]
Read more →Refusing to live within a lie
Václav Havel offers us a disturbing way of looking at societies that have become accustomed to the distance between what institutions say and what reality shows. The problem is not simply that governments or politicians sometimes lie. It is more troubling than that: people can know that something is untrue and yet continue to behave […]
Read more →PNB Holdings expands sustainability measures across P80.9-B property portfolio
PNB HOLDINGS Corp., the real estate arm of LT Group, Inc., is expanding sustainability and adaptive reuse initiatives across its Metro Manila property portfolio as it seeks to improve the efficiency and resilience of its commercial assets. “The shift reduces reliance on fossil fuel-based electricity across two major commercial assets in Metro Manila and adds […]
Read more →Peso rebounds on softer dollar after weak data
THE PESO rebounded on Thursday as the dollar eased on weak economic data out of the United States that tempered US Federal Reserve hike bets and a stronger Japanese yen. The currency gained 4.5 centavos to finish at P62.52 versus the greenback from its record-low close of P61.565 on Wednesday, data from the Bankers Association […]
Read more →Philippines pursues oil reserve deals with Saudi Arabia, Japan and UAE
THE Philippines is pursuing oil reserve partnerships with Saudi Arabia, Japan and the United Arab Emirates (UAE) as it seeks to expand its emergency fuel stockpiles, with a proposed Saudi-backed facility potentially holding 50 million barrels of oil. “Our plan is to keep on expanding up to 15 million [barrels],” Energy Director Rino E. Abad […]
Read more →Palace: Fiscal discipline to cushion peso weakness and risks from inflation
MALACAÑANG on Thursday said the government is relying on fiscal discipline and targeted public spending to help cushion the economy from inflation risks arising from the peso’s weakness and the war in the Middle East. “The recent weakening of the peso was brought about by brewed US dollar strength and rising global prices of oil,” […]
Read more →PHL revisits flood master plan as climate risks intensify
THE government is reviewing the country’s flood control master plan after recent severe weather exposed gaps in existing flood management measures, with Malacañang acknowledging that plans crafted by previous administrations were never fully implemented. “There was already a master plan as far back as the 1930s and 1940s,” Palace Press Officer Clarissa A. Castro told […]
Read more →State auditors flag P279M in child care funds
THE Department of Education’s Early Childhood Care and Development Council failed to account for P278.9 million in fund transfers to local governments despite the completion of the projects they financed, state auditors said, raising concerns over the agency’s monitoring of public funds.
Read more →Liquor makers oppose ‘substantial’ excise tax hike
LIQUOR manufacturers on Thursday opposed substantial increases in excise taxes on their products, warning that higher rates could hurt legitimate businesses, reduce government revenues, and encourage illicit trade. At a House of Representative Committee on Ways and Means hearing, Distilled Spirits Association of the Philippines (DSAP) President Olivia Limpe-Aw urged lawmakers to retain the existing […]
Read more →Senate rating dips; House climbs
THE Senate’s trust and satisfaction ratings declined in the second quarter, while the House of Representatives saw its ratings climbed, an OCTA Research survey showed. The second-quarter nationwide survey, conducted from July 4-11, found national trust in the Senate slipped to 41% from 44% in the first quarter; while public satisfaction with its performance declined […]
Read more →Palace still studying MVUC hike
MALACAÑANG said a proposed increase in the motor vehicle users’ charge (MVUC) will have to be weighed against President Ferdinand R. Marcos, Jr.’s push to ease the tax burden on the middle class and small businesses. Data from the Department of Finance (DoF) showed that the Promoting Growth, Revenue, and Equity towards Socio-Economic Sustainability (ProGRESS) […]
Read more →Marcos orders aid for seafarers’ kin
PRESIDENT Ferdinand R. Marcos, Jr. has ordered concerned government agencies to extend assistance to the families of two Filipino seafarers who died in a security incident in the Strait of Hormuz. Palace Press Officer Clarissa A. Castro on Thursday said the two seafarers were from Cabuyao, Laguna and Daanbantayan, Cebu. “The President and the administration […]
Read more →SC vows fair and safe Bar exams
THE Supreme Court (SC) on Thursday assured this year’s Bar examinees that it has taken steps to ensure the integrity and orderly conduct of the examinations, which begins on Sunday. Associate Justice Samuel H. Gaerlan, chairperson of the 2026 Bar Examinations, said the Court had prepared and dedicated itself to ensuring that the exams would […]
Read more →Senate panel OKs CoA, Ombudsman budgets for 2027
THE Senate Finance Committee on Thursday approved the Commission on Audit’s (CoA) and the Office of the Ombudsman’s proposed budget for next year. Senator Emmanuel Joel J. Villanueva backed the CoA’s proposed P16.04-billion budget, noting that he is open to supporting the agency if it seeks an additional budget to address the challenges they’re facing […]
Read more →DoJ: 15-year-old in Tacloban school shooting to face murder raps
THE Department of Justice (DoJ) said that the Tacloban City Prosecutor’s Office has ordered the filing of four counts of frustrated murder and six counts of attempted murder against a 15-year-old child in conflict with the law (CICL) over the June 22 shooting at San Jose National High School. Justice Undersecretary Ian Norman E. Dato […]
Read more →Ombudsman files raps vs ex-BFP chief in P485-M ambulance case
THE Office of the Ombudsman has filed graft and bribery charges before the Sandiganbayan and dismissed former Bureau of Fire Protection (BFP) Director Jesus P. Fernandez from government service over the procurement of 132 ambulances worth P485.6 million. Mr. Fernandez was charged with two counts each of indirect bribery and violation of the Anti-Graft and […]
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