Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2361 articles from BusinessWorld
Maynilad Q2 profit rises 17% on lower financing costs, taxes
WEST ZONE concessionaire Maynilad Water Services, Inc. posted a 17.4% increase in second-quarter net income to P4.52 billion, aided by lower interest expenses and taxes.
Read more →DigiPlus Q2 profit more than doubles, eyes New Zealand gaming license
DigiPlus Interactive Corp. more than doubled its second-quarter (Q2) net income to P6.98 billion after booking fair value gains from its investment in International Entertainment Corp. (IEC) convertible notes. Separately, DigiPlus’ board approved the filing of an expression of interest to apply for a gaming license in New Zealand and the appointment of signatories for […]
Read more →Petron first-half profit falls 27% as Middle East conflict squeezes margins
PETRON CORP. posted a 27% decline in first-half net income to P3.8 billion as higher crude oil prices driven by the conflict in the Middle East raised production and import costs, squeezing margins despite a sharp increase in revenues. In a statement on Tuesday, the oil refiner and fuel retailer said revenues rose 57% to […]
Read more →Exploring one’s potential
THE FIRST solo exhibit of self-taught artist Spencer Ozo was in the halls of Conrad Manila where he works as front office manager — an opportunity for him to showcase the painting skills he had been secretly nurturing in his free time. Four years have passed since that first exhibit, and he has more to show now.
Read more →RCR secures PCC clearance for P10.6-B asset infusion
RL COMMERCIAL REIT, Inc. (RCR) has secured the Philippine Competition Commission’s (PCC) acknowledgment that its proposed P10.62-billion property-for-share swap with sponsor Robinsons Land Corp. (RLC) qualifies as an internal restructuring, clearing another regulatory step toward completing the transaction. In a regulatory filing on Tuesday, the Gokongwei-led real estate investment trust (REIT) said the PCC issued […]
Read more →Artist Atelier Philippines: A creative learning center
BEGINNERS, hobbyists, and aspiring artists tend to have a difficult time following through on their interest in art. One of the main reasons is not knowing how to improve or to gain confidence to keep trying. So businesswoman and painter Elena Coyiuto has established Artist Atelier Philippines — a creative learning center for visual and […]
Read more →7 PHL firms make Forbes Asia’s Best Under A Billion list
SEVEN Philippine companies made Forbes Asia’s 2026 Best Under A Billion list, which recognizes 200 high-performing small and midsized publicly listed firms across the Asia-Pacific region. The Philippine companies are A. Soriano Corp., Apex Mining Co., Inc., Asia United Bank, Far Eastern University, Pryce Corp., STI Education Systems Holdings, Inc., and Vivant Corp. The list […]
Read more →BTr fully awards bonds as rates go down on easing ME tensions
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday following strong demand as sentiment was supported by easing Middle East (ME) tensions that led to lower global crude oil prices. The Bureau of the Treasury (BTr) borrowed P30 billion as planned from the reissued 20-year bonds as tenders […]
Read more →The impact of artificial intelligence on the youth
(Part 1) Pope Leo XIV’s first social encyclical, Magnifica Humanitas (Magnificent Humanity), on safeguarding the human person in the time of artificial intelligence, has met the highest expectations about delivering to all men and women of goodwill principles for reflection, criteria for judgment, and guidelines for action concerning the most revolutionary technology introduced for human […]
Read more →Shang Properties Q2 profit jumps 30% on residential sales
SHANG PROPERTIES, Inc. posted a 30.4% increase in second-quarter (Q2) attributable net income to P981.8 million, driven by higher residential sales and a stronger contribution from associates and a joint venture. Revenue for the April-to-June period rose 9.3% to P2.73 billion from P2.50 billion a year earlier. For the first six months, attributable net income […]
Read more →Arts & Culture (08/05/26)
ON Aug. 6, 5 p.m., the Instituto Cervantes in Manila will hold the talk ¿Por qué pervive la Leyenda Negra? Tres mitos (Why does the Black Legend still exist? Three myths), delivered in Spanish by anthropologist Fernando Zialcita.
Read more →The real cost of mishandling system loss
If President Ferdinand Marcos, Jr.’s intention during his State of the Nation Address (SONA) last week was to reach out to the Filipino public and speak intimately to them by addressing the gut issues keeping them awake at night, then he was successful. Latest surveys say that amid what is going on in Philippine politics […]
Read more →‘Read Between the Lines’: Olymptrade on Where Human Support Goes Beyond Scripts
“In Short: Support conversations can help reveal useful patterns that make the platform clearer and easier to use over time. AI solutions reveal patterns at scale, while human conversations uncover deeper insights. Together, they drive better UX and a smoother user experience for traders worldwide.” Customer support is often judged solely by how fast it answers […]
Read more →SC clears way for Davao Light expansion in Davao del Norte, Davao de Oro
THE Supreme Court (SC) has denied Northern Davao Electric Cooperative, Inc.’s (Nordeco) motion for reconsideration, clearing the way for Davao Light and Power Co., the distribution utility unit of Aboitiz Power Corp. (AboitizPower), to expand its operations into parts of Davao del Norte and Davao de Oro under Republic Act No. 12144. In a 16-page […]
Read more →How Corporates Navigate ESG Pressures
Corporate sustainability strategies remain firmly on the agenda in 2026, but the pace of progress is slowing. According to Morgan Stanley’s Sustainable Signals: Corporates 2026 report, over 90% of sustainability leaders report ongoing progress on strategy, yet nearly half (47%) acknowledge room for improvement, up more than ten points from 2025. The same report underscores […]
Read more →Rising AI costs seen bolstering PHL outsourcing competitiveness
THE outsourcing industry could remain competitive against artificial intelligence (AI) as the rising cost of “tokens” to operate the technology could deter companies from total automation, according to property consultant Jones Lang Lasalle (JLL) Philippines. While the firm remains cautious about AI’s potential to reduce office footprints in the long term, it expects 2026 to […]
Read more →Laurel rules out ban on rice imports during El Niño
AGRICULTURE Secretary Francisco P. Tiu Laurel, Jr. said on Tuesday the Department of Agriculture (DA) will not ban rice imports during the looming El Niño. Speaking on the sidelines of the DA and Department of Trade and Industry’s (DTI) market inspection at the New Las Piñas City Public Market, Mr. Laurel told reporters that the country needs […]
Read more →Maharlika investments starting to pay dividends
THE MAHARLIKA Investment Corp. (MIC) said it is projecting core net income of P3.3 billion this year as dividends start coming in from its key investments. “Our projected dividends coming from our investees have come to fruition, also the interest income that we’re generating from our investments. I think one of the things that you will […]
Read more →Next round of PHL, Canada FTA talks due in September
THE Philippines and Canada are hoping to finalize text-based negotiations in the fourth round of talks on their proposed free trade agreement (FTA) in September, the Department of Trade and Industry (DTI) said. “In terms of progress we achieved, it’s very substantive. So, I can say that we’re still on track,” Trade Undersecretary Allan B. […]
Read more →PEZA, Oman exploring tie-ups in food manufacturing, electronics
THE Philippine Economic Zone Authority (PEZA) and Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) are looking at potential partnerships in food manufacturing and electronics in their respective ecozones. In a statement on Tuesday, PEZA said both parties are exploring the possibility of a joint memorandum of understanding (MoU) that will strengthen […]
Read more →Singapore’s Universal Success weighing PHL data center, logistics investments
SINGAPORE’s Universal Success Enterprises Limited (USEL) is looking to expand in the Philippines through possible investments in logistics parks and data centers, the Department of Trade and Industry (DTI) said. “The company is actively exploring strategic partnerships with local industry leaders, including the PLDT Group, to tap into the country’s expanding data center network and […]
Read more →PCC approves ABC Energy minority stake in Alternergy wind projects
THE Philippine Competition Commission (PCC) has cleared ABC Energy, Inc.’s acquisition of a 40% minority stake in Alternergy Holdings Corp.’s two wind power projects, noting that it does not limit competition in the generation and supply of renewable energy. In a statement on Tuesday, the antitrust regulator said the transaction “is not likely to result […]
Read more →Rice inventory down 10.1% in July, corn stocks rise 33.9%
THE rice inventory dropped 10.1% to 2.51 million metric tons (MMT) as of July 1 while corn stocks rose 33.9% to 836.22 thousand MT, the Philippine Statistics Authority (PSA) reported. Of the total stock, 47.7% was held by commercial traders, 38% by households, and 13.3% by depositories of the National Food Authority (NFA). Rice held […]
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