Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
8586 articles across all sources
Beyond Ressilience
The combined effects of the enhanced southwest monsoon (habagat) and tropical cyclones Luis and Maymay brought more than a week of persistent rains across Metro Manila and several parts of the country, causing widespread flooding in low-lying communities.
Read more →CLI readies P25-B projects in H2
Property developer Cebu Landmasters Inc. is replenishing its inventory with more than 11 projects worth around P25 billion scheduled for launch within the second half.
Read more →Filinvest Land books higher income in H1
Filinvest Land Inc. , the property developer owned by the Gotianun family, booked higher earnings in the first half, buoyed by expanding recurring income streams and supported by the company’s diversified portfolio.
Read more →Globe, phone makers team up to make devices satellite-ready
Telco-to-tech giant Globe Telecom Inc. is expanding the reach of its satellite-to-device service by working with the world’s largest phone makers to equip handsets with upgraded capabilities.
Read more →Government urged to tackle causes of GDP slowdown
The government needs a deeper diagnosis of the Philippine economy’s sharp slowdown and should go beyond catch-up spending to address structural weaknesses that are dragging investment, consumption and productivity.
Read more →Higher consumer demand lifts SM Investments profit
Earnings of SM Investments Corp., the parent company of the SM Group, expanded by eight percent in the first half, supported by sustained consumer demand and the strength of its diversified business model.
Read more →JG Summit earns less as airline unit withers
Weak performance of its airline business dragged down core earnings of conglomerate JG Summit Holdings Inc. of the Gokongwei Group in the first half, with profitability challenges expected to persist for the rest of the year.
Read more →Lopezes pouring in P2.2 billion to aid ABS-CBN recovery
The three branches of the Lopez family majority are set to invest P2.2 billion in ABS-CBN Corp. to help the media company meet obligations to long-serving employees and support its recovery plans.
Read more →Megawide’s PH1 doubles sales in H1
The property arm of Megawide Construction Corp. boosted its sales to P3.15 billion in the first half, backed by strong take-up for recently launched projects to overcome a challenging period.
Read more →Megaworld’s H1 profit rises on core business expansion
Property giant Megaworld Corp. delivered a five-percent increase in net income to P12.7 billion in the first half on the back of sustained expansion of its recurring income businesses.
Read more →NAIA lease hike bites into MacroAsia’s 6-month income
Higher lease rates and the termination of a high-value service at the Ninoy Aquino International Airport caused financial damage to MacroAsia Corp. as its profit declined by 34 percent in the first half.
Read more →Pru Life UK rolls out cancer treatment plan
Pru Life UK has launched a cancer-focused insurance product offering benefits for both early and late-stage cases, as the insurer seeks to address the financial strain faced by Filipino families dealing with the disease.
Read more →Riyadh Air enters Philippine market
Riyadh Air, Saudi Arabia’s second flag carrier, is mounting direct flights to the Philippines as it competes with the country’s largest airlines in a market primarily catering to overseas Filipino workers.
Read more →Thermal power and transition from energy poverty to energy abundance
Today, I will attend the Amcham Philippines 9th Annual Energy Forum with a focus on energy recovery, resilience and transition. Lots of speakers led by Energy Secretary Sharon Garin, Sen. Erwin Tulfo and ERC chairman Nino Juan.
Read more →Counterpart funding up nearly 320% as foreign projects surge
THE National Government is proposing P145.37-billion budget for counterpart funding for foreign-assisted projects in 2027, driven by substantially higher allocations for major railway, bridge and transport projects. According to the 2027 Budget of Expenditures and Sources of Financing, government counterpart funding is set to increase by 319.6% from the P34.65 billion allocated for 2026. Overall […]
Read more →National ID proposed as sole acceptable SIM-registration ID
THE National Telecommunications Commission (NTC) said it is proposing to make the National ID the sole acceptable form of identification when registering subscriber identity modules (SIM). In a notice, the NTC proposed an amendment to the Section 7A and relation provisions of NTC Memorandum Circular No. 001-12-2022 which prescribes the rules and guidelines for the […]
Read more →Semirara coal block auction likely delayed by two more months — DoE
THE AUCTION of coal blocks on Semirara Island will likely be delayed by a further two months, the Department of Energy (DoE) said. “We are hoping to do the bidding properly this year. It will be moved because the original scheduled was around September and pushed by at least two more months,” Energy Secretary Sharon […]
Read more →Traders warn DA of rising consumer prices if safeguard tariff proposal goes through
THE Meat Importers and Traders Association (MITA) said on Wednesday that the Department of Agriculture’s (DA) request to impose additional tariffs on imports of meat will raise retail prices. MITA President Emeritus Jesus C. Cham said the DA’s proposal to enforce volume-based special safeguard (SSG) measures on meat imports will affect their landed cost and […]
Read more →PHL sends first cacao shipment to New Zealand
THE Department of Agriculture (DA) said an initial shipment of fermented Philippine cacao beans has been dispatched to New Zealand. The DA sent off the 6,000-kilogram shipment at the container yard of the Hong Equipment and Development Corp. in Carmen, Davao del Norte. It is expected to arrive at the Port of Lyttleton in New […]
Read more →PCA seeking changes to coconut levy law
THE Philippine Coconut Authority (PCA) said it wants to overhaul how coconut levy-funded programs are implemented to minimize delays and overlapping responsibilities. At a hearing of the House of Representatives Committee on Agriculture and Food, PCA Administrator Dexter R. Buted said proposed amendments to Republic Act 11524 were arrived at after five years of implementing […]
Read more →LNG supply network studied for ecozones in Calabarzon
THE Philippine Economic Zone Authority (PEZA) said it signed a memorandum of understanding (MoU) with energy firms South Premiere Power Corp. (SPPC) and Linseed Field Corp. (LFC) to explore the feasibility of distributing liquefied natural gas (LNG) in Calabarzon-based economic zones (ecozones). The agreement seeks to establish a framework to study the feasibility of an […]
Read more →Youth employment recovery seen stalling as outlook clouded by AI
THE LABOR MARKET for younger workers remains challenging in the Philippines due to the dearth of quality jobs, compounded by the rise of artificial intelligence (AI), an analyst said, following a new report from the International Labour Organization (ILO). “The ILO’s report on youth employment is very alarming as it reveals that the labor market […]
Read more →DoTr seeks over P247B for infra in 2027
THE Department of Transportation (DoTr) is seeking 2027 infrastructure funding of P247.54 billion, up from this year’s P86.49 billion, according to budget documents. According to the Budget of Expenditures and Sources of Financing report for 2027 issued by the Department of Budget and Management, the DoTr’s proposed infrastructure spending for 2027 will be led by […]
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