Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2381 articles from BusinessWorld
Inflation from tax cuts can be offset by raising output — DEPDev
THE Department of Economy, Planning, and Development (DEPDev) said any inflationary effects of the proposed Promoting Growth, Revenue, and Equity towards Socio-economic Sustainability (ProGRESS) tax package can be neutralized if households have sufficient goods to purchase.
Read more →Chipmakers tout Pax Silica as opportunity to upgrade industry
THE Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said the proposed artificial intelligence (AI)-native hub in Central Luzon being built under the Pax Silica initiative represents an opportunity to break into advanced manufacturing and other higher-level activities In a statement, the group said Philippine participation in Pax Silica is a “strategic opportunity […]
Read more →Affected people climb to 1.3 million due to recent bad weather; relief provided reaches P39 million — DSWD
The Department of Social Welfare and Development (DSWD) on Monday said more than 1.3 million people have been affected by the southwest monsoon and tropical cyclones Luis and Maymay, with a total of P39.37 million in humanitarian assistance already provided. DSWD Secretary Rexlon T. Gatchalian cited the figures during a Palace press briefing, where he […]
Read more →SM Retail helps move Philippine retail forward at the 32nd National Retail Conference and Expo
As the Philippine Retailers Association (PRA) marked its 50th anniversary, SM Retail continued to play a key role in shaping the future of the industry as the exclusive Diamond Sponsor of PRA’s 32nd National Retail Conference and Expo (NRCE) last Aug. 6–7, 2026 at the SMX Convention Center Manila. For SM Retail, this year’s conference […]
Read more →LANDBANK marks 63 years with global honors for innovation, inclusion, and dev’t impact
As LANDBANK celebrates its 63rd anniversary, the Bank continues to earn prestigious international and local recognition for advancing financial inclusion, digital transformation, sustainable finance, and nation-building. Global Banking and Digital Leadership Among its most notable distinctions, LANDBANK was named Philippines’ Best Retail Bank at the prestigious Euromoney Awards for Excellence, one of the banking industry’s […]
Read more →Puregold launches Teatro Panalo, opens search for outstanding Filipino plays
The curtain is about to rise on another “panalo” cultural experience from Puregold — this time, one that brings the world of Filipino theater closer to both the artists who create it and the audiences who deserve to experience it. Further expanding its commitment to champion Filipino creativity and showcase these talents to more audiences, Puregold proudly announces Teatro Panalo, […]
Read more →Southwest monsoon to still drench Luzon in next few days, PAGASA
The southwest monsoon that has been drenching Luzon since last week will continue to bring heavy rainfall over the area in the next few days, posing risks of flooding and landslides, according to the state weather bureau on Monday. Intense rainfall of 100 to 200 millimeters is expected over Benguet, Zambales, Bataan, and Occidental Mindoro […]
Read more →Rate hike seen despite growth slump
A THIRD STRAIGHT rate hike from the Bangko Sentral ng Pilipinas (BSP) is expected later this month as it seeks to steer inflation back to target even as economic growth slumped to a new post-pandemic low in the second quarter.
Read more →Proposed higher excise taxes likely to further stall consumer spending
THE PHILIPPINES’ already subdued consumer spending could come under further pressure if the government pushes through with plans to hike taxes on sugary drinks, e-cigarettes and alcohol, despite the expected income tax relief, analysts said.
Read more →Semiconductor exports could reach up to $54B this year — SEIPI
PHILIPPINE EXPORTS of semiconductor and electronic products could reach a new high of $54 billion this year amid surging demand for tech components needed to support artificial intelligence (AI) adoption and data centers, an industry group said.
Read more →NG debt service bill increases to P77.2 billion in June
THE NATIONAL Government’s (NG) debt service bill jumped in June on higher interest and amortization payments, the Bureau of the Treasury said.
Read more →Meralco to refund P0.59/kWh this month
MANILA ELECTRIC CO. (Meralco) will refund residential customers at a rate of P0.59 per kilowatt-hour (kWh) in their August electricity bills following approval by the Energy Regulatory Commission (ERC). The refund is part of a P9.5-billion amount approved by the regulator after Meralco over-recovered distribution charges due to delays in the rate-setting process. “We expect […]
Read more →T-bill, bond rates may go down
TREASURY BILLS (T-bills) and Treasury bonds (T-bonds) to be offered this week may fetch mostly lower yields as softer-than-expected Philippine economic data reduced the odds of more aggressive tightening by the central bank. The Bureau of the Treasury (BTr) will auction off up to P60 billion in T-bills on Monday, or P20-25 billion in 91-day […]
Read more →PAL expects up to five more aircraft this year
FLAG CARRIER Philippine Airlines (PAL) expects to receive up to five more aircraft this year to further expand its fleet as the company looks at strengthening its existing services amid higher fuel costs. “Well, we have an additional A350-1000 coming in August. Hopefully, based on the plan, we will receive two more additional this year, […]
Read more →SM seeks retail edge through service, convenience amid e-commerce competition
THE SM GROUP is banking on product assortment, customer service and convenience to attract shoppers as low-cost e-commerce platforms intensify competition, its executives said. Consumers increasingly expect convenience, engaging experiences, sustainability and authenticity but remain sensitive to prices, SM Investments Corp. Vice-Chairperson Teresita T. Sy-Coson said. “They want all of them, but they don’t want […]
Read more →Bank consumer complaints rise amid tighter regulations
THE BANGKO SENTRAL ng Pilipinas (BSP) saw financial consumer complaints rise by over 70% in 2025 as tighter rules on customer protection against fraud and scams following the enactment of relevant laws were put in place. In a report, the central bank said it logged more than 120,000 new consumer complaints last year, 72.6% higher […]
Read more →Green innovators shine at first SSX pitching contest
A dynamic group of food and non-food innovators emerged as finalists in “Future Proof: The Green Innovation Pitch,” the first-ever startup pitching competition under the Sustainability Solutions Exchange (SSX) at the recently concluded IFEX Philippines 2026. The following startup leaders delivered pitches at the contest’s semifinal stage: Arlyn Jubilee Kalsim of GNS Enterprises, a startup […]
Read more →Cetaphil pushes ceramides
THE focus of the opening day of the National Healthy Skin Mission — a project of SM Beauty, Watsons, and Cetaphil (the skincare brand of Swiss pharmaceuticals company Galderma) at SM Makati on Aug. 7 — was the role of ceramides in skin care. Speaking at the Cetaphil Skin Mission booth set up at the […]
Read more →Peso may rebound after weak US payrolls report
THE PESO may rise against the dollar this week following weak US labor data and as the market continues to monitor developments in the Middle East. On Friday, the currency declined by 8.5 centavos to close at P60.90 versus the greenback from P60.815 on Thursday, Bankers Association of the Philippines (BAP) data showed. Still, week […]
Read more →Meralco shares rise amid refund, cost recovery rulings
SHARES of Manila Electric Co. (Meralco) rose last week and outperformed the broader market as analysts said the company could absorb a customer refund without materially affecting its earnings or dividend payout. Meralco ranked third in value turnover on the Philippine Stock Exchange (PSE), with P835.69 million worth of 1.37 million shares changing hands in […]
Read more →Heritage and the here and now
AMID THE cacophony of new brands coming into the country — all eager to carve a niche for themselves in our robust auto market — Toyota has been calmly, steadily doing its own thing for decades.
Read more →System losses and market discipline: Reforming loss recovery, utility accountability, and Philippine power market design
SYSTEM LOSSES in the Philippine power sector are not merely a billing issue; they are a test of whether regulation disciplines inefficient operators or allows the cost of weak governance, theft, and operational neglect to be passed on to consumers.
Read more →Women execs cite integrity, people-centered leadership as keys to long-term growth
COMPANIES seeking long-term growth must cultivate leaders who act with integrity, remain close to their employees and adapt their management approach to local cultures, women executives said at the National Retail Conference and Expo last week. Robinsons Land Corp. President Maria Socorro Isabelle V. Aragon-GoBio said young professionals should develop depth in their roles to […]
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