Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1859 articles from BusinessWorld
Recovery in infrastructure spending not likely until Q4
THE RECOVERY in the National Government’s (NG) spending on infrastructure and other capital outlays is not expected until the fourth quarter, with outlays programmed to remain below year-earlier levels through September before surging toward yearend.
Read more →PSE approves Robinsons Retail delisting effective Aug. 31
THE Philippine Stock Exchange (PSE) has approved the voluntary delisting of Robinsons Retail Holdings, Inc. (RRHI), with the retailer’s shares to be removed from the Exchange’s official registry effective Aug. 31. In an advisory to market participants on Thursday, the PSE said it approved RRHI’s petition for voluntary delisting and ordered the delisting of the […]
Read more →DHI seeks P30-billion capital hike for Tampakan-linked merger
DOMINION HOLDINGS, Inc. (DHI) is seeking to nearly ninefold its authorized capital stock to P30 billion in connection with a proposed merger that would give the listed holding company controlling ownership of the company behind the Tampakan Copper-Gold Project in Mindanao. In disclosures to the stock exchange on Thursday, DHI said its board on Aug. […]
Read more →Meralco sees billions in savings from cutting co-op system losses
MANILA Electric Co. (Meralco) said partnerships with electric cooperatives (ECs) could generate billions of pesos in consumer savings by bringing double-digit system losses down to single-digit levels. Meralco Senior Vice-President and Head of Strategic Distribution Utility Partnerships Arnel P. Casanova said on Money Talks with Cathy Yang on One News on Thursday that some ECs […]
Read more →DoE says Villar-led SIPCOR must secure new permit before resuming
VILLAR-LED S.I. Power Corp. (SIPCOR) must secure a new permit and comply with Department of Energy (DoE) requirements before it can resume operations, Energy Secretary Sharon S. Garin said. “They have to go through the process and they have to qualify and justify to us. And also, they have to clear up some issues also […]
Read more →PHL banks’ trust assets jump to record P6.65 trillion as of June
ASSETS held by Philippine banks’ trust units surged by over 41% year on year as of end-June to its highest level so far, data from the Bangko Sentral ng Pilipinas (BSP) showed. The industry’s trust assets reached P6.648 trillion as of June, ballooning by 41.21% from P4.708 trillion at end-June 2025. It was also 0.93% […]
Read more →SM Warehouses expands footprint with Pasig hub
SM Warehouses, the logistics arm of SM Prime Holdings, Inc., has expanded its industrial property footprint to more than 126,000 square meters (sq.m.) of leasable space after turning over a new 40,000-sq.m. urban distribution hub in Pasig City to logistics partners of Shopee. The newly turned-over facility expands SM Warehouses’ logistics space dedicated to SPX […]
Read more →Wise pushes for transparency in remittance costs
WISE PHILIPPINES (Wise Pilipinas, Inc.) is working with the Bangko Sentral ng Pilipinas (BSP) to make remittance fees more transparent as part of its goal to help Filipinos reduce the cost of sending money. “We are in heavy discussions with the BSP on how to ensure that local participants or local banks in the Philippines […]
Read more →SCTEX Luisita expansion seen to improve access to ALI’s Tarlac estate
AYALA LAND, Inc. (ALI) said the expansion of the Subic-Clark-Tarlac Expressway (SCTEX) Luisita Interchange is expected to improve access to its 290-hectare Cresendo estate in Tarlac City. The project, led by the Bases Conversion and Development Authority (BCDA) with local government units and tollway partners, will add dedicated northbound entry and exit ramps to the […]
Read more →Peso up as US moves to stem bond rout
THE PESO rebounded against the dollar on Thursday as global risk sentiment improved after the United States pledged support for the bond market to help stem surging yields. The currency gained 14.5 centavos to close at P61.67 versus the greenback from its P61.815 finish on Wednesday, data from the Bankers Association of the Philippines’ website […]
Read more →Billease secures P1-billion credit facility from PNB
CONSUMER FINANCE and buy now, pay later (BNPL) provider Billease has received a P1-billion credit facility from the Philippine National Bank (PNB) to expand its funding base. The debt facility uses the Personal Property Security Registry (PPSR), giving PNB a registered first-rank claim over a pool of Billease’s consumer loan receivables, it said in a […]
Read more →Alaska Milk names Marjorie Garrovillo managing director
ALASKA MILK Corp. (AMC) has appointed Marjorie “Marj” Garrovillo as its new managing director. Ms. Garrovillo brings more than 25 years of leadership experience across seven countries and the food, beverage, telecommunications, and consumer goods industries, the company said in a statement on Thursday. In her new role, she will lead AMC as it pursues […]
Read more →Oona Insurance Philippines says profit, gross premiums surged in first semester
OONA Insurance Corp. (Oona Insurance Philippines) booked higher gross premiums written (GPW) and net income in the first half, driven by its digital distribution model. The insurer’s gross premiums written grew by 80% year on year, while net income surged 200%, it said in a statement on Thursday. This was supported by disciplined underwriting and […]
Read more →Top Line expands fuel retail footprint to Negros Oriental
TOP LINE Business Development Corp. has expanded its fuel retail footprint beyond Cebu after completing the rebranding of five service stations in Negros Oriental, which are expected to add 600,000 liters to the company’s sales volume. The stations are the first outside Cebu to be rebranded under its Light Fuels retail brand, the company said […]
Read more →Fitterkarma develops debut album, holding 1st major concert
HORROR STORIES and aesthetics had always been a major influence for Filipino alternative band Fitterkarma, who have showcased the dark flair that love songs can have with their hits “Pag-ibig ay Kanibalismo II” and “Kalapastangan.” Now, their noise-driven, shoegaze-influenced music is set to manifest in a big way — through their debut album and their […]
Read more →Budgeting for a fiscal blowout
Recently, the Congressional Policy and Budget Research Department (CPBRD) issued four budget briefs on the proposed 2027 national budget covering the Philippine economy, the medium-term revenue program, expenditure assessment, and public debt sustainability. Taken together, they tell one coherent story: the government is trying to consolidate its fiscal position at a time when growth is […]
Read more →AIA Philippines, BPI AIA launch whole-life plans with guaranteed payouts
AIA PHILIPPINES Life and General Insurance Co., Inc. (AIA Philippines) and its bancassurance arm BPI AIA Life Assurance Corp. (BPI AIA) have launched participating whole-life insurance plans that offer lifetime protection and guaranteed income benefits. The two plans, AIA Platinum Secure and BPI AIA ADDvantage, offer lifetime protection with guaranteed cash payouts, milestone bonuses, and […]
Read more →Government picks 39 flood catchments as Manila braces for bigger downpours
THE government has identified 39 sites across Metro Manila for flood catchment projects as it moves to increase temporary water storage amid heavier rainfall. Palace Press Officer Clarissa A. Castro said the government received the shortlist from Dutch engineering consultancy Royal HaskoningDHV, which assessed potential locations for the projects. The sites are in Parañaque, Quezon […]
Read more →China oil talks unlikely to cut fuel costs soon
A POSSIBLE joint oil and gas exploration with China could improve the Philippines’ long-term energy security, but any effect on fuel prices is likely to take years, analysts said.
Read more →Poverty, hunger rise as 10.3M families rate themselves poor
ABOUT 10.3 million Filipino families considered themselves poor in July, up by about 1.1 million from March, while self-rated hunger also increased, according to an OCTA Research survey. “The national increase in self-rated poverty, combined with higher levels in Balance Luzon, the Visayas and Mindanao suggests that economic pressures are being felt unevenly across the […]
Read more →28 witnesses remain in Romualdez probe
THE Office of the Ombudsman said 28 witnesses remain ready to testify in its investigation of former Speaker Ferdinand Martin G. Romualdez, signaling that recent witness recantations would not derail the case. “Recantation is not new in high-profile cases,” the Ombudsman said in a statement in Filipino on Thursday. “This is a classic pressure tactic. […]
Read more →Senate eyes economic recovery panel
THE Senate is planning to create an ad hoc committee to push economic recovery measures and support micro, small, and medium enterprises (MSMEs), Senate President Sherwin T. Gatchalian said on Thursday. “We want to focus on reinvigorating the economy. So, we’re creating an ad hoc committee solely to focus on that so that we will […]
Read more →Palace defends P180-M centers
MALACAÑANG on Thursday defended the proposed P180-million allocation per region for evacuation centers under the 2027 National Expenditure Program (NEP), saying the absence of specific locations in the budget proposal does not mean the projects lack an implementation framework. Palace Press Officer Clarissa A. Castro, citing the Department of Budget and Management (DBM), said the […]
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