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
First Holdings thumbs down KKR offer
First Philippine Holdings Corp. of the Lopez Group has rejected Kohlberg Kravis Roberts & Co. L.P. proposal to buy a portion of its stake in First Gen Corp., saying that the offer does not represent the listed power firm’s true value.
Read more →More BYD models coming as EV demand heightens
New energy vehicle maker BYD is looking to strengthen its presence in the Philippines by expanding its offerings amid rising demand for electrified vehicles.
Read more →Perks cleared: BIR simplifies tax rules on club shares held in trust
If your company owns shares in a proprietary club, chances are those shares are not sitting in the name of the corporation.
Read more →POGO ban, tax reforms boost Philippines gaming revenues last year
The nationwide ban on Philippine offshore gaming operators coupled with the reduction in gaming-related tax rates lifted the gaming industry’s revenues to a record level last year, an online casino brand said.
Read more →Poka-yoke: Stop mistakes before they cost you
A man stopped at a countryside coffee shop and ordered a cup of coffee.
Read more →PSEi dips below 6,300 on lack of fresh leads
The local stock market opened the week in the red territory as investors stayed on the sidelines amid lack of fresh leads.
Read more →RCBC joins BSP-backed direct debit network
Rizal Commercial Banking Corp. has become one of the first banks to go live on Direct Debit PH, allowing businesses to automatically collect recurring payments from customers even if their accounts are held with different financial institutions.
Read more →Remittances hit year-high in June
Remittances from overseas Filipino workers rose to $3.39 billion in June, the highest monthly level since December last year, as money sent home continued to support household spending despite a moderation in the growth of cash transfers.
Read more →Rice self-sufficiency rises to 78% in 2025
The country’s self-sufficiency in rice expanded in 2025, driven by the decline in imports which boosted reliance on domestic production.
Read more →San Miguel core profit jumps 48% to P54.2 billion
Diversified conglomerate San Miguel Corp. saw its core profit expand by nearly half in the first six months as the group’s businesses stayed resilient despite volatile global markets, higher costs and cautious consumer spending.
Read more →Shell swings to P2.7 billion loss amid Mideast crisis
Oil giant Shell Pilipinas Corp. suffered a net loss of P2.7 billion in the first half as continued oil price volatility stemming from the Middle East conflict hammered its operations.
Read more →‘Tighter bank credit adds to Philippines growth pressures’
Tighter lending conditions for both households and businesses could emerge as another drag on Philippine economic growth in the second half, as banks turn more cautious and higher interest rates increasingly filter through to borrowers, a global bank economist said.
Read more →Ube stakeholders form national federation
Stakeholders from the ube industry have formalized a national federation that will provide representation and policy direction amid the ongoing popularity of purple yam products.
Read more →Fuel prices seen to jump by up to P5.01 per liter
The rollback relief is ending as prices seen to surge by up at least P2.49 per liter.
Read more →ABS-CBN revenue drops 17% as H1 loss widens to P1.83B
ABS-CBN is looking to BINI and films for lift after P1.83-billion H1 loss.
Read more →SMDC Homes in Mabalacat are ready when your family is
Cheerful Homes and Cheerful Homes 2 offer move-in-ready options for first-time buyers, growing families and OFW households.
Read more →Abalos recognized in Cebu
Cabinet Secretary Benjamin “Benhur” Abalos Jr. received recognition from Cebu’s provincial and local leaders during his recent visit to the province.
Read more →BDO strengthens anti-scam advocacy for senior citizens
As financial scams become increasingly sophisticated, BDO Unibank continues to strengthen its fraud awareness efforts to help protect vulnerable sectors, particularly senior citizens, from emerging threats.
Read more →Remittances reach first-half high of $3.04 billion in June
Cash sent through banks reached $3.04 billion in June, up 1.7%.
Read more →A matter of competence
It was an interesting conversation that members and guests of the Monday Circle had last week with Megawide Construction Corp. founder, chairman and CEO Edgar Saavedra.
Read more →Clark’s P4 billion food hub partially ready by 2027
The Department of Agriculture (DA) is targeting to start partial operation of the P4-billion Clark National Food Hub by end-2027, according to Agriculture Secretary Francisco Tiu Laurel Jr.
Read more →Garin hopeful on MIC-NGCP deal closing
Energy Secretary Sharon Garin remains optimistic that Maharlika Investment Corp.’s (MIC) P19.7-billion entry into the country’s grid operator could be completed before the year ends.
Read more →Impact on power competition: Ang’s entry into Lopez empire on ERC’s radar
Tycoon Ramon Ang’s investment in the Lopez Group has drawn the attention of the Energy Regulatory Commission (ERC), which is ready to assess its potential impact on competition in the electricity market.
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