Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2354 articles from BusinessWorld
Rockwell Land secures P15-billion BPI term loan
ROCKWELL LAND Corp. has secured a P15-billion term loan facility from the Bank of the Philippine Islands (BPI) to partially finance its capital expenditures and other general corporate requirements. In a stock exchange disclosure on Wednesday, the property developer said the proceeds would be used to partially fund its capital expenditures and other general corporate […]
Read more →Philex Q2 profit more than doubles on Padcal recovery, metal prices
PHILEX MINING Corp. more than doubled its second-quarter (Q2) attributable net income as operations at its Padcal mine normalized following rehabilitation works and gold and copper prices remained elevated. In a statement on Wednesday, the Manuel V. Pangilinan-led miner said attributable net income for the April-to-June period rose to P392 million, more than double the […]
Read more →Big hungry dog
WE’VE never had a dinner quite like this: with a mascot of a big Black Dog peering over us as we ate.
Read more →Ayala Corp. buys more ALI shares amid market volatility
AYALA CORP. acquired about P630.19 million worth of additional common shares in property unit Ayala Land, Inc. (ALI) through separate stock exchange disclosures, continuing its purchases of the listed developer after acquiring P457.6 million worth of ALI shares in June. In a disclosure on Wednesday, the listed holding company said it purchased 7.60 million ALI […]
Read more →Yields on term deposits inch up on hawkish BSP
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits nudged higher for a sixth straight week as investors price in potentially higher interest rates as monetary authorities stay hawkish due to persisting inflation risks. Demand for the BSP’s seven-day term deposit facility (TDF) amounted to P137.524 billion on Wednesday, above the P130 billion placed […]
Read more →Rock hard and smoking hot
IT’S probably just a coincidence, but some of the sharpest swords from Japan had come from Hizen province, parts of it in present-day Saga prefecture in Japan. Saga today produces some of the best beef in all of Japan, rivaling beef from the Kobe and Matsusaka regions.
Read more →PAL takes delivery of third Airbus A350-1000 ahead of US route expansion
PHILIPPINE Airlines (PAL) has taken delivery of its third Airbus A350-1000, expanding its long-haul fleet ahead of additional services on its Manila-San Francisco route. In a media release on Wednesday, the flag carrier said the aircraft is part of its initial order for nine Airbus A350-1000s and is expected to enter commercial service after completing […]
Read more →Dining In/Out (07/30/26)
ENJOY “One Night in Shanghai” during The Bar Takeover Series II Vol. II at The Peninsula Manila on July 31 from 8 p.m. to midnight.
Read more →AI skills becoming essential for Filipino workforce amid rapid tech development
JAKARTA — Artificial intelligence (AI) skills are becoming increasingly essential for Filipino workers as the country faces a talent shortage amid the boom in emerging technologies, enterprise IT management software company ManageEngine said. Acquiring AI skills must not be limited to the corporate level but must be integrated in the academic setting to prepare the […]
Read more →Tim Ho Wan targets doubling Taiwan store network by 2030
JOLLIBEE FOODS Corp. (JFC) said its Hong Kong-based dim sum chain Tim Ho Wan plans to double its store network in Taiwan to 32 locations by 2030 through its franchise expansion strategy. “Taiwan is one of Tim Ho Wan’s most established and successful franchise markets, and we are excited about the opportunity to bring the […]
Read more →BPI expects steady NPLs despite tougher economic conditions
BANK of the Philippine Islands (BPI) expects their nonperforming loan (NPL) ratio to stay flat for the rest of the year even as inflationary pressures continue to affect consumers’ ability to repay debt, its top official said. “I don’t think we’ll see deterioration across the portfolio. What we do see is some of our consumer […]
Read more →PHL cyberthreats rising as criminals use AI to scale attacks
THE PHILIPPINES saw increased cyberthreats in the first half, led by data breaches, credential theft, ransomware, and attacks enabled by artificial intelligence (AI), according to Viettel Cyber Security (VCS). The company’s latest Cyber Threat Landscape Report based on data from its cyberthreat monitoring platform Viettel Threat Intelligence showed that bad actors are now using multiple […]
Read more →BYD sees stronger EV sales amid Marcos push for adoption
BYD CARS Philippines expects electric vehicle (EV) sales to remain strong for the rest of the year, citing the Marcos administration’s support for wider EV adoption. “In the SONA (State of the Nation Address), the President was actually encouraging the [EV] market. So, that’s positive feedback for us who’s in the EV space,” BYD Cars […]
Read more →Peso jumps to one-month high as stocks rebound
THE PESO continued to rally against the dollar on Wednesday, hitting a one-month high, supported by the Philippine stock market’s climb amid improving risk sentiment and hawkish signals from the central bank. The currency surged by 20.4 centavos to close at P61.41 versus the greenback from its P61.614 finish on Tuesday, based on data from […]
Read more →Shares jump as BSP policy signals boost optimism
PHILIPPINE SHARES rebounded on Wednesday, with the main benchmark testing the 6,400 mark intraday, after the Bangko Sentral ng Pilipinas (BSP) chief said they are unlikely to make aggressive policy moves even as inflation risks persist. The Philippine Stock Exchange index (PSEi) went up by 0.77% or 49.01 points to close at 6,353.04, while the […]
Read more →GGR seen contracting 7% after crackdown on online gambling
GROSS GAMING REVENUE (GGR) is expected to contract this year, reversing the growth posted in 2025, with the crackdown on online gambling putting the industry under pressure, Standard and Poor’s (S&P) Global Ratings said. In a July 28 report, S&P said GGR is projected to contract 7% this year, after posting 6% growth in 2025. […]
Read more →PHL-India trade projected at $10 billion after trade deals
BILATERAL TRADE between the Philippines and India is projected to grow to about $10 billion in the next five or six years once trade agreements with the Philippines and the Association of Southeast Asian Nations (ASEAN) take effect, the Embassy of India in Manila said. Harsh Kumar Jain, ambassador to the Philippines said bilateral trade […]
Read more →US 12.5% tariff fallout expected to dislocate supply chains — chamber
THE Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) said the 12.5% US tariff on the Philippines will discourage investment and disrupt supply chains. “Economists continue to warn that higher tariffs raise costs for consumers, disrupt supply chains, discourage investment, and slow economic growth,” FFCCCII President Victor Lim said in a statement […]
Read more →Farmers question agri growth claims, cash-aid impact in Marcos SONA
PRESIDENT Ferdinand R. Marcos, Jr.’s fifth State of the Nation Address (SONA) on Monday has been challenged by farmers on the growth rates and cash aid figures cited in his speech to Congress.
Read more →Flex office segment emerging as defensive play as traditional office leases hit 5-year low — CBRE
DEVELOPERS are reconfiguring their portfolios to increase their flexible office offerings after traditional office leasing fell to a five-year low during the second quarter, according to real estate consultancy CBRE Philippines. With more than 3,400 seats in upcoming supply, developers are turning to flex spaces as defensive plays while overall office stock languishes with vacancies […]
Read more →First PHL seaweed bioreactor launched at BFAR Sorsogon
THE Department of Agriculture (DA) said the Philippines’ first seaweed bioreactor started operating at the National Seaweed Technology Development Center in Sorsogon, enabling the year-round production of disease-free planting materials. The seaweed center, an arm of the Bureau of Fisheries and Aquatic Resources (BFAR), hosts the automated 1,250-liter bioreactor, which cost P10 million. The bioreactor […]
Read more →Late slowdown in 1st half meat imports adds uncertainty to full-year outlook — traders
THE Meat Importers and Traders Association (MITA) said on Wednesday that strong first-half meat imports are not guaranteed to continue for the rest of the year after a slowdown late in the period. MITA president emeritus Jesus C. Cham said that while import volume in the six months to June rose 12% to 872,000 metric […]
Read more →DoTr, DENR sign deal on mangrove protection in airport, seaport projects
THE Department of Transportation (DoTr) said it signed an agreement with the Department of Environment and Natural Resources (DENR) to protect mangroves while developing aviation and seaport projects. In a statement on Wednesday, the DoTr said the agreement was signed with the DENR’s Ecosystems Research and Development Bureau. Under the agreement, the two agencies will […]
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