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Philippines Business News

Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.

1252 articles from PhilStar Business

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PhilStar Business

ACEN offloads 49% stake in another India wind asset

ACEN Corp. of the Zobel family is further unlocking value from its India wind portfolio through another strategic stake sale with Dutch firm Diamond India Renewables One B.V. (DIRO).

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PhilStar Business

‘AI fluency key to employability’

As more companies continue to see the value of artificial intelligence or AI, Mapúa Malayan Digital College, the premier digital college in the Philippines in information technology and business, encourages students and working professionals to focus on the development of their AI fluency to improve their future employability.

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PhilStar Business

Amid persistent rains, DA moves to cut vegetable losses

The Department of Agriculture is strengthening efforts to cut vegetable losses, as persistent rains in producing areas continue to disrupt trade and weaken demand for fresh produce.

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PhilStar Business

An island of consumption

Economic Planning Secretary Arsenio Balisacan observed that the economy is growing too slow.

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PhilStar Business

BSP to further tighten fit-and-proper rules for bank directors, officers

The Bangko Sentral ng Pilipinas is set to tighten governance standards for financial institutions by requiring regular fit-and-proper assessments of key officials and subjecting certain incoming directors and officers to regulatory confirmation before they can assume office.

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PhilStar Business

Cebu Pacific reviving international flights from Iloilo

Low-cost carrier Cebu Pacific is starting to recover its international network prior to the Middle East tensions, as it will be resuming direct flights from Iloilo to Southeast Asian cities.

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PhilStar Business

DBM: Returning full P107 billion to PDIC not fiscally prudent

The Department of Budget and Management is putting the brakes on the immediate return of the full P107.23 billion in unused reserve funds to the Philippine Deposit Insurance Corp..

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PhilStar Business

DICT to bring satellite internet to 85 IP towns

The Department of Information and Communications Technology is spending nearly P29 million for the installation of satellite internet in 85 indigenous peoples towns.

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PhilStar Business

EastWest sees slower loan growth this year

East West Banking Corp. expects loan growth to settle at the high single-digit to low-teens range this year as the lender becomes more selective in consumer credit and shifts incremental lending toward secured and lower-risk segments amid elevated credit costs.

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PhilStar Business

GCash ties up with Mindanao’s biggest retailer

E-wallet giant GCash is expanding its payment reach in Mindanao by tying up with the island’s largest retailer, introducing scan-to-pay options and installment plans for payment flexibility.

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PhilStar Business

Government eyes P101 billion from sale of big-ticket hydropower plants

The Marcos administration aims to raise P101.5 billion from privatization next year, primarily from the sale of the Caliraya-Botocan-Kalayaan hydroelectric power complex and the rehabilitation of the Agus-Pulangi hydropower assets, according to the Department of Finance.

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PhilStar Business

HSBC sees corporate investment recovering in H2

Philippine companies could gradually revive investment spending in the second half as economic growth picks up and inflationary pressures ease, according to HSBC Philippines, after weaker revenues and higher costs squeezed corporate profitability earlier this year.

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PhilStar Business

Our garbage and environmental problem

To be fair, the constant heavy rains over the past few days were the main cause of the flooding that has once again hit various parts of Mega Manila.

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PhilStar Business

PSE expects robust capital raising in 2026

A robust capital raising pipeline is on the horizon for the Philippine Stock Exchange, with its full year 2026 target expected to be exceeded by about 20 percent.

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PhilStar Business

PSEi notches higher on last-minute buying

The local stock market eked out a win yesterday amid some last-minute buying from investors.

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PhilStar Business

‘Slow growth, high inflation pose challenge to poverty reduction’

Despite last year’s progress, weak growth and high inflation are complicating further poverty reduction efforts, making it harder to achieve the eight to nine percent poverty rate goal by 2028, according to economists.

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PhilStar Business

SM Prime’s Premier Suites draw strong corporate demand

SM Prime Holdings Inc. is seeing strong corporate demand for its Premier Suites at the newly launched SM Seaside Cebu Arena.

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PhilStar Business

SRA tightens imports of artificial sweeteners

The Philippines has tightened its importation policy on artificial sweeteners amid growing concerns from the sugar industry over their continued threat to local producers.

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PhilStar Business

Easy-to-use GCash payment solutions help Filipino MSMEs grow their businesses

G-Xchange Inc. President and CEO Ren-ren Reyes, in a speaking engagement at the ANT Mo:Ments summit in Kuala Lumpur, Malaysia, stressed that digital tools must not only enable micro, small, and medium enterprises (MSMEs) to access digital payments but also improve the way they run their businesses.

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PhilStar Business

Price Tracker: Oil, fuel monitor for Aug. 18-24

Here are the estimated new prices of local fuel products based on the latest price adjustments announced by Department of Energy.

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PhilStar Business

ABS-CBN strays further from return to profitability

ABS-CBN Corp.’s new investors are entering the company at a more precarious state, as its first-half losses doubled to P1.83 billion, pushing it further from profit return.

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PhilStar Business

Consumer groups: Vape tax loophole a gift to illicit traders

Consumer advocacy groups have urged Congress to scrap what they described as a “glaring loophole” in the country’s vape excise tax system, warning that the current distinction between nicotine salt and freebase nicotine allows unscrupulous operators to misdeclare products, evade taxes, and rob the government of much-needed revenues.

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PhilStar Business

Dairy imports grow 2% in first semester

The country’s dairy imports increased by two percent to over 1.7 million metric tons in liquid milk equivalent in the first half of 2026, according to the National Dairy Authority.

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PhilStar Business

Digital payments now make up 64.7% of Philippines retail transactions

Digital payments accounted for 64.7 percent of total Philippine retail transactions by volume in 2025, up from 57.4 percent a year earlier as the shift toward electronic payment channels continued to gain ground, according to the Bangko Sentral ng Pilipinas.

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