Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
320 articles from BusinessWorld
SEC warns against two Finbro apps
THE Securities and Exchange Commission (SEC) has warned the public against two online lending applications allegedly misusing the name and regulatory credentials of SOFI Financing, Inc. In an advisory, the corporate regulator said SOFI Financing had informed the SEC that the applications are not owned, operated, maintained, authorized, or affiliated with the company. The SEC […]
Read more →From startup to profitability: The radical reinvention of PayMongo
Fintech is a hot new growth industry where the Philippines is making a significant contribution to the world. One need look no further than Mynt’s GCash to see how Filipinos are shaping the future of finance. But if you do, you’ll find a host of fintech companies each using technology to serve the needs of […]
Read more →Credential abuse becomes preferred cyberattack tactic, Kaspersky says
CREDENTIAL ABUSE is among the most effective techniques used by cyberattackers, with criminals now increasingly relying on these tactics over malware, according to a report by Kaspersky Security Services. Attackers found better success in getting access to users’ data while evading detection via password guessing and valid account misuse in 2025, triggering a shift from […]
Read more →Brunch, Japanese- (and French-) style
THE French and the Japanese have a great mutual admiration for each other, perhaps best proven by the refinement their cultures are said to have, both taking from each other. In a brunch menu by Kazu Café, done in collaboration with chef Miko Calo, this intersection of cultures can be seen and tasted in a […]
Read more →TDF yield climbs on hawkish BSP, Fed
THE CENTRAL BANK’S term deposit facility (TDF) fetched a higher average yield on Wednesday, even as the offer continued to be oversubscribed, amid expectations of hawkish monetary policy here and in the United States. The seven-day term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) attracted P146.927 billion in tenders this week, higher […]
Read more →LT Group completes renewable shift with First Gen
LT GROUP, Inc. (LTG) has completed the transition of its key operating companies to renewable energy through a power supply partnership with Lopez-led First Gen Corp. In a statement on Wednesday, First Gen said LTG’s affiliate companies have successfully shifted to renewable energy under their power supply agreement. The agreement covers Philippine Airlines, Inc. (PAL), […]
Read more →Identity as password
I have two phones: one that uses primarily Face ID and PIN to unlock and to do certain transactions, and another that uses a thumbprint and PIN. Which is safer? Which is more secure? And with authorities now requiring banks to end text-based OTP (one-time password) confirmations for financial transactions, which is safer and more […]
Read more →Samsung Galaxy A27 5G available in PHL starting July 10
SAMSUNG Electronics Co., Ltd. last week launched the Galaxy A27 5G, which will be available in the Philippines starting July 10. The latest addition to the Galaxy A series is priced at P18,990 for the 6GB memory + 128GB storage variant, while the 8GB+256GB model costs P21,990. It has three colors: Black, Blue, and Light […]
Read more →BPI sees stronger customer growth with expanded agency banking, free transfers
BANK of the Philippine Islands (BPI) expects its customer growth to be supported by the continued expansion of its agency banking program and its move to permanently remove InstaPay and PESONet transfer fees. BPI President and Chief Executive Officer Jose Teodoro K. Limcaoco said at a media roundtable on Wednesday that their May BPI Dito […]
Read more →Shares rebound as investors pick up bargains
PHILIPPINE SHARES ended higher on Wednesday as investors took advantage of lower valuations after the market’s steep decline in the prior session. The Philippine Stock Exchange index (PSEi) rose by 0.53% or 32.09 points to close at 6,069.26, while the broader all shares index went up by 0.16% or 5.49 points to end at 3,324.78. […]
Read more →Water firms expect buffers to be adequate ahead of El Niño
WATER CONCESSIONAIRES serving Metro Manila said they are ensuring they can tap water reserves ahead the onset of El Niño, as low water levels at Angat Dam led to the reduction of the water allocation for the capital. Maynilad Water Services, Inc. and Manila Water Co., Inc. told customers that they expect their supply to […]
Read more →Price council backs 60 more days of P50 price cap on imported rice
AGRICULTURE Secretary Francisco P. Tiu Laurel, Jr. said the National Price Coordinating Council supported the Department of Agriculture’s recommendation to extend by 60 more days the P50 per kilo price cap on imported 5% broken rice. Mr. Laurel told reporters that such an extension would be the last one. It is awaiting approval from President […]
Read more →Pricing being determined for vehicle-to-grid power supply scheme
THE Energy Regulatory Commission (ERC) said it is preparing regulations that will govern electric vehicles (EVs) whose owners would like to offer their excess energy to the grid. Sharon O. Montañer, ERC director of the Market Operations Service, said the regulator is hoping to issue an EV framework this year which will include vehicle-to-grid (V2G) […]
Read more →Tarlac developer Hann registers with PEZA as domestic market enterprise
THE Philippine Economic Zone Authority (PEZA) said it signed a registration agreement (RA) with integrated resort developer Hann Philippines, Inc., certifying it as an economic zone domestic market enterprise for tourism. “The agreement formalizes the registration of Hann Philippines as a PEZA Ecozone Domestic Market Enterprise for tourism,” PEZA said in a statement on Wednesday. […]
Read more →Employers call for more reforms to boost productivity following wage hike order
BUSINESS GROUPS said the P85 wage hike for Metro Manila must be accompanied by further reforms to boost productivity and reduce the cost of doing business, to ensure that employers can comply with the order. Philippine Chamber of Commerce and Industry President Ferdinand A. Ferrer, while signaling his organization’s willingness to comply, called for policies […]
Read more →Transfer process for club shares simplified by BIR
THE Bureau of Internal Revenue (BIR) said it is streamlining the process for nominee transfers of proprietary club shares. In a statement on Wednesday, the BIR said it issued Revenue Memorandum Circular 72-2026, clarifying the tax treatment of nominee transfers of proprietary club shares that do not involve any change in beneficial ownership. The circular […]
Read more →Key food prices decline month on month in June
THE Philippine Statistics Authority (PSA) said on Tuesday that prices of key food commodities fell month on month during the June 15 to 17 period, which the PSA calls the second phase of June. Well-milled rice prices fell 3% month on month to P56.15 per kilogram. Year on year, prices rose 14.3%. Fresh bone-in pork […]
Read more →PHL net external liability position widens in Q1
THE PHILIPPINES’ international investment position (IIP) remained at a net external liability position in the first quarter, widening 8.1% from a quarter earlier to $54.924 billion in the face of heightened market volatility, the Bangko Sentral ng Pilipinas (BSP) said. Year on year, the net liability position narrowed by 2%. The end-of-March net liability was […]
Read more →Property tax exemptions granted to farm storage facilities
THE Department of Agriculture (DA) said it and the Department of the Interior and Local Government (DILG) signed a joint memorandum circular exempting farm storage facilities from local real property taxes. Agriculture Secretary Francisco P. Tiu Laurel, Jr. and Interior and Local Government Secretary Juanito Victor C. Remulla, Jr. conducted a ceremonial signing at the DA’s […]
Read more →PHL construction industry posted strong start in 2025 but faded late — Hearn & Hearn
THE construction industry’s performance in 2025 was a “tale of two halves,” with a strong start driven by infrastructure and industrial investment eventually fading due to significant headwinds and a cooling economy, according to Hearn & Hearn Consulting. The firm noted that the initial half of the year saw strong expansion in construction output, supported […]
Read more →RMC No. 55-2026: Every tax return tells a story
Not judging a book by its cover is surely an overused piece of advice, but its wisdom endures. Readers will know that a book’s essence is not found on its cover. The details woven throughout its pages are what bring the story to life. The same principle applies to tax compliance. It’s the supporting details […]
Read more →Coalition questions INC rally backing senator facing P75-M plunder lawsuit
A COALITION of civil society organizations, church leaders, sectoral groups and political parties on Wednesday questioned the Iglesia ni Cristo (INC)-led rally at the EDSA People Power Monument in Quezon City, saying public assemblies should not be used to influence legal proceedings involving elected officials. “Why should any politician need tens of thousands of people […]
Read more →Senate links Tacloban attack to online extremist group
INITIAL FINDINGS presented at a Senate hearing on Wednesday showed that the June 22 school shooting in Tacloban City might have been influenced by an online extremist network that grooms vulnerable children into committing violent acts, Senator Ana Theresia “Risa” N. Hontiveros-Baraquel said.
Read more →