PhilStar Business
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Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1253 articles from PhilStar Business
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PhilStar Business
MPIC books higher core income in H1
Conglomerate Metro Pacific Investments Corp. (MPIC) delivered higher core earnings in the first half despite a challenging environment, supported by strong results from its power and water businesses.
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Prices of building materials climb at fastest pace in over 3 years
Growth in retail prices of building materials in Metro Manila in July hit its highest level in over three years, driven by the faster increase in prices of painting materials, according to the Philippine Statistics Authority (PSA).
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Prime Infrastructure eyes early finish for Rizal hydro
Razon-led Prime Infrastructure Capital Inc. is racing to bring its $2.57-billion hydropower project in Rizal online ahead of schedule.
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Rice tariff collection rises 18 percent
The government’s rice tariff collection from January to July rose by 18 percent on an annual basis to almost P13 billion, driven by higher import volume and weaker peso, data from the Bureau of Customs (BOC) showed.
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Sans political ads, GMA fumbles in H1
Broadcast leader GMA Network Inc. is struggling to grow its business outside the election cycle, nearly wiping out its profit in the first half due to the absence of political ads.
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Sideways trading with upward bias likely
Share prices may move sideways this shortened trading week, with a slight upward bias, on hopes that the Bangko Sentral ng Pilipinas (BSP) will be less aggressive in raising interest rates.
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Siyam-siyam
We have had about two weeks of almost non-stop rain even in the absence of a typhoon. In Tagalog, we call it siyam siyam.
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SM Prime cautious on new residential launches
SM Prime Holdings Inc., the integrated property arm of the SM Group, is keeping a cautious stance when it comes to residential project launches for the remainder of the year.
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To build or not to build: Dito weighs entry into data centers
It is becoming more and more tempting for Dennis Uy’s Dito Telecommunity Corp. to hop on the data center bandwagon, but it will likely do so only when it turns profitable.
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Understanding the investor
Behavioral economics introduces psychology as the determining factor in how the consumer behaves.
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What’s next for Dusit Thani Manila? ALI mulls options
Discussions are ongoing about the future of Dusit Thani Manila, a five-star hotel in Makati whose land lease will expire next year.
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BIR clarifies rules on early PERA withdrawals
The Bureau of Internal Revenue has clarified the rules on early withdrawals from Personal Equity and Retirement Accounts, noting that the 20 percent penalty will apply only to income attributable to the portion actually withdrawn.
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Borderless banking
Picture a nurse finishing a night shift in a Los Angeles hospital, checking her phone in the parking lot before she drives home, or an engineer in Silicon Valley, stepping out of a meeting to send money before the exchange rate shifts again.
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Coins.ph teams up with Bayad
Digital asset platform Coins.ph is expanding its payments business through a partnership with Bayad that will nearly double the number of billers available on its app and reduce reliance on third-party payment aggregators.
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Food exporters dig deep to capitalize on ube rush
As the Philippines rushes to capitalize on the surging global appetite for its iconic purple root crop, food processors are pushing to secure high-quality ube (purple yam) materials for processing and export.
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Government mulls higher profit share in Semirara coal deal
The Marcos administration is weighing a larger share of proceeds from the new contract covering the Semirara coal mine in Antique, as the auction process faces further delays.
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How to turn waste into power sources
Rockefeller Farm has dedicated a portion of its seven-hectare land for a dome-like structure.
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‘Lack of long-term goals hinders Philippines growth’
The country’s economic growth could have accelerated further had the government consistently funded big-ticket infrastructure projects across different administrations, an economist said.
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More Manila-Istanbul flights on the way
Filipinos can expect more flight options to Turkey following the signing of a new deal between Manila and Istanbul for additional air seats.
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Move before the fog clears
Many adults are not hindered by a lack of talent, but rather by a discomfort with uncertainty.
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Philippines tax revenue goal ‘ambitious,’ says BMI
The Philippine government’s tax revenue target appears “ambitious,” with value-added tax collections estimated to rise by 12.8 percent to P860 billion next year even without introducing major tax reforms, according to research and analysis firm BMI.
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Pinoy workers want more despite salary satisfaction – survey
Most Filipinos said they were fairly paid, but only six in 10 workers said they were satisfied with their current pay, according to a survey conducted by Jobstreet by SEEK.
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SMC expands urban farms beyond Luzon
Diversified conglomerate San Miguel Corp. is expanding its urban farm initiative beyond Luzon as it recently established its first backyard farm site in the Visayas to support local food security.
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