Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
279 articles across all sources
Turning sustainability into savings: Ayala Group helps Filipinos navigate high energy costs
As elevated oil prices and supply disruptions continue to affect households and businesses, Ayala Corporation is mobilizing its group-wide capabilities to help cushion the impact on Filipino consumers. Through investments in sustainability and operational efficiency, the Group is enabling more stable, cost-efficient solutions across energy, mobility, logistics, finance, and connectivity. Sustainability is central to this approach, not just […]
Read full article →BPI may issue first blue bond this year
BANK of the Philippine Islands (BPI) could issue its first blue bond within the year but remains open to other funding options amid surging interest rates. “One of the things that we would really like to do is issue a blue bond which is linked to water-related investments. Not only because we put the effort […]
Read full article →Content creator Jemay Santiago opens up through music
FOR Filipino R&B artist Jemay Santiago, who is also a prominent online content creator, making music allows her to reveal a more vulnerable side that is different from her more jovial public persona. So, it is not a surprise that her latest single, “1A,” which was released this month, presents a laidback sound and an inner depth.
Read full article →GSIS Q1 net earnings jump to P43.6B as contributions grow
THE GOVERNMENT Service Insurance System (GSIS) posted a 170% increase in net income for the first quarter amid higher revenues, driven mainly by contributions. The state pension fund’s net income stood to P43.6 billion in the period from P16.1 billion in the same period last year. This was already over 30% of its full-year profit […]
Read full article →Peso strengthens as markets stay hopeful on US-Iran deal
THE PESO appreciated against the dollar on Thursday after the United States again signaled a possible end to the Middle East conflict. The currency closed at P61.581 versus the dollar, gaining 15.9 centavos from its P61.74 finish on Wednesday, according to Bankers Association of the Philippines data posted on its website. The local unit opened […]
Read full article →Manulife Philippines appoints new deputy CEO
THE Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife Philippines) has appointed Manish Sangal as its new deputy chief executive officer (CEO). “Manish is a proven insurance leader who combines strategic clarity with disciplined execution,” Manulife Philippines President and CEO Rahul Hora said in a statement on Thursday. “His track record in agency development and digital […]
Read full article →Intellectual property and AI: a bad romance?
The topics du jour for many local business and legal conferences continue to be about AI, “digital transformation,” “technology x [fill-in-the-blanks].” Discussions, however, tend to be generalized. Real takeaways can get drowned by the usual discourse on AI’s utility and inevitability and/or warnings about the loss of a competitiveness for businesses who fail to adopt […]
Read full article →AGI earnings rise in Q1 on resilient businesses
Conglomerate Alliance Global Group Inc. of tycoon Andrew Tan booked higher earnings in the first quarter as its businesses remained resilient amid a challenging environment.
Read full article →Bargain hunting snaps market’s 4-day slump
The Philippine Stock Exchange index broke out of its four-day slump as investors gobbled up bargain stocks.
Read full article →BSP eyes stricter climate reporting for banks
The Bangko Sentral ng Pilipinas is proposing to require the country’s largest and publicly listed banks to adopt stricter sustainability and climate-related disclosure standards starting 2027, as regulators seek more consistent and comparable reporting of environmental risks.
Read full article →College education
How useful is a college diploma? According to The Economist, “A university degree no longer seems to offer much protection from joblessness.”
Read full article →DOH’s proposed nutrient profile seen to hike food production costs
The government’s proposed nutrient profile model may drive up food manufacturing costs and affect the country’s agricultural exports, according to the Philippine Chamber of Agriculture and Food Inc.
Read full article →Emperador posts solid results despite global challenges
Global brandy and whisky conglomerate Emperador Inc. of tycoon Andrew Tan pulled off a solid first quarter performance despite a challenging global environment, with net profit increasing by five percent to P1.96 billion from last year’s P1.86 billion.
Read full article →Employers push for responsible AI adoption
The country’s umbrella organization of employers is pushing for the responsible adoption of artificial intelligence (AI) and reforms to improve the business environment and strengthen good governance amid challenges affecting employment generation.
Read full article →GSIS income nearly triples in Q1, assets hit P2 trillion mark
The Government Service Insurance System saw its net income nearly tripled to P43.6 billion in the first quarter, with the state-run provident fund likely breaching its P2.1-trillion asset target by the end of the year.
Read full article →Imports squeeze hog farmgate prices to P180/kilo
Farmgate prices for local pork have fallen to as low as P180 kilogram, prompting farmers to back the government’s plans to implement a price ceiling on liempo or pork belly.
Read full article →Jollibee opens 109th North America store
The Jollibee Group continues its expansion in North America with the opening of a new Jollibee store in New York City.
Read full article →Landbank cuts transfer fee to P8
Land Bank of the Philippines has cut its InstaPay transfer fee for person-to-person (P2P) transactions to P8 from P15, while offering one free daily transaction worth P1,000 or less.
Read full article →Now the pain begins
By next week, the US-Iran war, triggered by the joint US and Israel attack on Tehran on Feb. 28, will officially have reached three devastating months for the global economy. This war has upended the energy, trade, travel and logistics sectors, among others hardest hit, and currently has no clear timeline for resolution.
Read full article →PAL to resume flights to Sapporo in November
Flag carrier Philippine Airlines is returning to the winter wonderland of Sapporo, hoping to stir interest among Filipinos to visit one of Japan’s best snow places.
Read full article →Robinsons Logistix to build FedEx facility in Clark
Robinsons Logistix and Industrials Inc., the logistics and industrial facilities arm of Robinsons Land Corp. (RLC), is strengthening its presence in one of the country’s most active industrial and transport corridors with a new built-to-suit logistics facility for FedEx at Clark International Airport.
Read full article →SM Offices putting up P700 million Clark tower
SM Offices, the commercial leasing arm of SM Prime Holdings Inc., is investing around P700 million for a new tower development that will further reinforce Clark’s position as a premier alternative to Metro Manila’s traditional central business districts.
Read full article →Thai firm readies P1 billion coconut processing plant
Thai World Group of Companies, through its local affiliate, is set to open a P1-billion coconut processing facility in Misamis Oriental in July.
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