Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2358 articles from BusinessWorld
Stocks rise on bargain hunting, peso recovery
PHILIPPINE STOCKS climbed on Thursday amid bargain hunting and the peso’s slight rebound against the greenback, with investors taking positions before the release of August inflation data. The Philippine Stock Exchange index rose by 0.27% or 16.19 points to close at 6,069.42, while the broader all shares index went up by 0.51% or 17.20 points […]
Read more →DoTr confident it can complete much-reduced 30-project lineup
THE Department of Transportation (DoTr) said it is optimistic about completing the 30 flagship projects that it will receive funding for under the proposed 2027 National Expenditure Program (NEP). In the 2027 NEP, the DoTr was allocated P300.96 billion, Acting Transportation Secretary Giovanni Z. Lopez told the House appropriations committee on Thursday. The NEP total […]
Read more →PHL credibility with foreign investors hurt by business costs; charter-level reforms urged
THE PHILIPPINES needs to build credibility with foreign investors’ reforms by bringing down the cost of doing business and pursuing legal reforms at the constitutional level, a senior lawyer said.
Read more →P60B seen needed per 2,000 MW of capacity to de-risk geothermal dev’t
THE Department of Energy (DoE) said it is ready to tap multilateral banks again to de-risk further geothermal power development , which it estimated would require about P60 billion to unlock 2,000 megawatts (MW) of potential capacity. Energy Secretary Sharon S. Garin added that the DoE is open to initiating fresh talks with the Asian […]
Read more →Agri dep’t expects to start building FMRs in October
AGRICULTURE Secretary Francisco P. Tiu Laurel, Jr. said he expects the Department of Agriculture (DA) to start building farm-to-market roads (FMRs) next month, after the DA took over the program from the Department of Public Works and Highways. Speaking on the sidelines of the DA budget hearing at the House of Representatives, Mr. Laurel told […]
Read more →MBC urges ease-of-doing-business reforms to restore public confidence
THE Makati Business Club (MBC) said legislators need to pass reforms to make it easier to do business to help restore public confidence in the government. “What needs to be done is to bring back the confidence of the public in government,” MBC Chairman Edgar O. Chua told reporters on the sidelines of an event […]
Read more →Battery storage, power barges expected to help resolve power problems in Visayas, Mindanao
THE Department of Energy (DoE) is hoping to resolve the persistent grid alerts experienced in the Visayas and Mindanao before the end of the year, adding that it plans to deploy power barges and battery energy storage systems. “The barges will be coming in,” Energy Secretary Sharon S. Garin said on the sidelines of an […]
Read more →Philippines reconsiders five-year jumbo bond sale on high inflation, weak peso
By Ditas B Lopez, Bloomberg The Philippines is rethinking a plan to sell five-year jumbo bonds later this month as a falling peso and rising interest rates make borrowings more expensive. “We are reassessing the plan to ensure that our borrowing strategy remains responsive to evolving market conditions,” National Treasurer Sharon Almanza said Thursday in […]
Read more →Four TCLVs may form until next week, says PAGASA
Four tropical cyclone-like vortices (TCLVs) are likely to form until next week, one of which may intensify into a tropical cyclone, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). In a tropical cyclone threat potential (TCLV) released Thursday, tropical storms Korvanh, formerly locally known as Pilandok, and Saudel, formerly Obet, will continue […]
Read more →Tropical Storm Krovanh exits PAR; southwest monsoon still threatens Luzon — PAGASA
Tropical Storm Krovanh, locally called Pilandok, has exited the Philippine Area of Responsibility (PAR), while the southwest monsoon continues to bring heavy rainfall in parts of Luzon, posing a risk of flooding, according to the state weather bureau on Thursday. Krovanh exited PAR at 4:30 a.m. and was last located 1,085 kilometres Northeast of Extreme […]
Read more →Why Filipino families need better medical protection
For many Filipino families, getting sick is more than a health concern — it is a financial emergency. Despite universal enrolment in PhilHealth and the growing availability of health maintenance organizations (HMOs), medical expenses continue to place immense pressure on household budgets. A single hospitalization can wipe out months, or even years, of hard-earned savings. […]
Read more →Built into Manila: FEU’s 98-year legacy of education, heritage, and civic responsibility
Along Nicanor Reyes Street, the Art Deco buildings of Far Eastern University (FEU) have stood through decades of change in Manila. Their geometric façades and sweeping lines form one of the most recognizable campuses in the University Belt, serving not only as classrooms and offices but also as enduring landmarks in the city’s architectural landscape. […]
Read more →Rare Mindoro bleeding-heart bird spotted after 20 years
A camera trap has captured the first confirmed photograph of the critically endangered Mindoro bleeding-heart (Gallicolumba platenae) in two decades, providing new evidence that the rare Philippine bird continues to survive in Mindoro’s forests. The photograph was taken in August 2026 as part of a conservation survey by the Center for Conservation Innovation Ph Inc. […]
Read more →Philippine peso falls to new all-time low P62.565 vs dollar
THE PESO sank to a new record low against the US dollar on Wednesday, extending its decline for a fourth straight trading day as broadening price pressures from the renewed Middle East conflict weighed on the currency and raised the risk of a breach of the P63 level.
Read more →BIR readies circular to remove VAT on system loss charges
THE Bureau of Internal Revenue (BIR) is preparing a Revenue Memorandum Circular (RMC) that will remove the value-added tax (VAT) on the allowable system loss charge in electricity bills.
Read more →MUFG sees peso at P62:$1 until end-2026
THE PESO will likely hover around the P62-a-dollar handle until yearend as global headwinds and the country’s persistent trade deficit continue to weigh on the local currency, MUFG Global Markets Research said.
Read more →QDMTT seen generating P24.4B annually — DoF
THE DEPARTMENT of Finance (DoF) now estimates that the proposed qualified domestic minimum top-up tax (QDMTT) could generate an average of P24.4 billion in additional revenues annually under the global minimum tax (GMT) rules. However, the DoF warned that the measure could weaken income-based tax incentives and make the Philippines’ broader investment environment more important […]
Read more →PAL’s 50-year franchise renewal bill clears House
THE HOUSE of Representatives on Wednesday approved on third and final reading a bill seeking to renew Philippine Airlines, Inc.’s (PAL) legislative franchise for another 50 years. House Bill (HB) No. 10545 received 250 affirmative votes, three negative votes, and one abstention, according to the results announced during the House plenary session. The measure seeks […]
Read more →Top Line taps second EV partner to broaden fuel station revenue streams
CEBU-BASED Top Line Business Development Corp. has tapped a second electric vehicle (EV) charging partner as it seeks to broaden revenue streams from its growing fuel-station network. In a statement on Wednesday, the listed fuel retailer said it signed a memorandum of understanding with Japan-based Jigowatts, Inc. for the initial deployment of EV charging stations […]
Read more →Gov’t bond yields jump as risk-off sentiment deepens
THE GOVERNMENT made a partial award of the reissued Treasury bonds (T-bonds) it offered on Wednesday as yields climbed on broad risk-off sentiment amid the re-escalation of the Middle East conflict. The Bureau of the Treasury (BTr) borrowed P29.561 billion from the reissued 20-year bonds, just short of the P30-billion target despite total tenders reaching […]
Read more →Prime Infra names SierraCol Chairman Hayward to board
RAZON-LED Prime Infrastructure Capital, Inc. (Prime Infra) has appointed SierraCol Energy Ltd. Chairman Tony Hayward to its board as the infrastructure company expands its presence in international markets. In a statement on Wednesday, Prime Infra said Mr. Hayward joined its board effective Aug. 10. The appointment follows Prime Infra’s acquisition of SierraCol, Colombia’s largest independent […]
Read more →Term deposit yields rise on hawkish BSP
THE BANGKO SENTRAL ng Pilipinas’ (BSP) term deposits fetched higher a higher average yield on Wednesday despite stronger demand, after its latest policy rate hike and with the market pricing in further tightening. Tenders for the seven-day term deposit facility (TDF) reached P140.675 billion, exceeding the P120 billion auctioned off and the P105.824 billion in […]
Read more →Ayala Land consolidates nationwide estate business
AYALA LAND, Inc. (ALI) will integrate its Urban Estates and Regional Estates businesses under the AyalaLand Estates Group starting Jan. 1, 2027, consolidating the management of its nationwide estate operations under Jaime Z. Urquijo. In a regulatory filing on Wednesday, the listed property developer said the reorganization is intended to strengthen its long-term growth strategy […]
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