Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
320 articles from BusinessWorld
LPA still likely to develop into storm Henry; rainfall warning up over six areas — PAGASA
Heavy rainfall warning is in effect over six areas due to a low pressure area (LPA), which remains likely to develop into a tropical cyclone, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Tuesday. The LPA was last located over the coastal waters of Romblon, Romblon, PAGASA said in its 10 […]
Read more →Philippines’ trade deficit widens to $5.5 billion in May
The Philippines’ trade deficit widened to $5.48 billion in May from a year ago, as imports grew faster than exports, preliminary data from the statistics agency showed. Data from the Philippine Statistics Authority (PSA) on Tuesday showed the country’s trade in goods deficit ballooned by 50.5% to $5.48 billion in May from $3.64 billion in […]
Read more →World Bank approves $1.02-B loan for the Philippine energy transition, water security
THE WORLD BANK has approved a $1.02-billion loan to support Philippine reforms aimed at accelerating clean energy deployment, strengthening electricity markets, and improving water management. In a statement on Monday, the World Bank said it approved the Second Energy Transition and Climate Resilience Development Policy Loan (DPL) last week to help address the high and […]
Read more →ESCAP warns Middle East conflict could slow Philippines’ SDG gains
THE ESCALATING CONFLICT in the Middle East could further hinder the Philippines’ and the broader Asia-Pacific region’s progress toward achieving the Sustainable Development Goals (SDGs), the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said in a report.
Read more →S&P expects one more BSP rate increase this year
S&P GLOBAL RATINGS expects the Bangko Sentral ng Pilipinas (BSP) to deliver one more rate hike this year, warning that further monetary tightening could weigh on domestic demand over the medium term. “We think that modest further tightening is on the cards. We think the Philippines will end the calendar 2026 at a 5% interest […]
Read more →PEZA approves nearly P16-B investments in June
THE PHILIPPINE Economic Zone Authority (PEZA) approved nearly P16 billion worth of investments in June, mostly projects in export manufacturing and information technology-business process management (IT-BPM).
Read more →Mynt files for up to P92.3-B IPO, eyes Q4 debut
MYNT, Inc., the financial technology (fintech) company behind GCash, has filed a registration statement with the Securities and Exchange Commission (SEC) and a listing application with the Philippine Stock Exchange (PSE) for its proposed initial public offering (IPO), which is expected in the fourth quarter (Q4). In a statement dated June 27, Mynt said the […]
Read more →DoE to issue show-cause orders to 175 power firms over plant outages
THE Department of Energy (DoE) will issue show-cause orders (SCOs) to 175 generation companies over prolonged unplanned outages and other violations that have strained the country’s power supply. At a briefing on Monday, Energy Secretary Sharon S. Garin said the department will issue SCOs to 164 generation companies operating in on-grid areas and 11 in […]
Read more →Travel expo to support global travel for Filipinos year-round
DESTINATIONS like Georgia, the Czech Republic, Papua New Guinea, Japan, South Korea, Taiwan, Hong Kong, Malaysia, and Guam will be featured at this year’s Travel Madness Expo (TME), made accessible through exclusive travel deals, airline partnerships, and tourist experiences. TME 2026, a travel trade event that’s been running since 2012, aims to champion year-round travel […]
Read more →PAL to resume Manila-Dubai flights in October
PHILIPPINE AIRLINES, Inc. (PAL) will resume nonstop flights between Manila and Dubai starting Oct. 2, following a two-month suspension due to airspace safety risks linked to the Middle East conflict. In a statement on Monday, the flag carrier said it will initially operate four weekly flights between Manila and Dubai, restoring direct air links between […]
Read more →Queer stories in focus at community-based screening
SIX short films centered on LGBTQ+ (lesbian, gay, bisexual, trans, queer plus) stories were screened at a Pride Month event organized by the film collective Hyperfocus.
Read more →A Brown unit secures DoE authority for first solar project
A BROWN CO., Inc. (ABCI) has secured a certificate of authority (CoA) from the Department of Energy (DoE) for its first solar power project, allowing the company to begin pre-development activities for the proposed facility in Bukidnon. In a disclosure on Monday, ABCI said its indirect wholly owned subsidiary Manolo Fortich Power Corp. (MFPC) received […]
Read more →Globe launches Starlink direct-to-cell service after NTC approval
GLOBE Telecom, Inc. said it has become the country’s first telecommunications operator to commercially offer direct-to-cell satellite connectivity after receiving regulatory approval to deploy Starlink’s Direct to Cell technology. In a statement on Monday, Globe said the National Telecommunications Commission (NTC) approved the commercial rollout of Starlink’s direct-to-cell satellite service nationwide. “This new satellite-to-mobile technology […]
Read more →Yields on short-term gov’t debt end higher on hawkish BSP, Fed
THE GOVERNMENT fully awarded the short-term bills it offered on Monday with mostly higher average yields following hawkish signals from both the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve, and with the Middle East conflict still unresolved. The Bureau of the Treasury (BTr) raised a combined P90 billion as planned from the […]
Read more →Great ideas don’t grow old: Understanding new urbanism
IN 1943, Winston Churchill said, “We shape our buildings; thereafter they shape us.” This rings true even for cities. A city is more than just a collection of buildings, it is the culmination of human aspiration and dreams. How we build our cities matters because it shapes the lives of the people living in them. […]
Read more →Financial reporting in an era of economic volatility: What boards and audit committees must do
At the recent Philippine Institute of Certified Public Accountants Metro Manila Region (PICPA MMR) International Conference in Toronto, Grant Thornton highlighted how economic volatility is reshaping financial reporting. The message is clear: uncertainty now affects many of the judgments, estimates, and disclosures behind financial statements. Risks, such as inflation, policy changes, geopolitical tension, supply chain […]
Read more →Entertainment News (06/30/26)
MOVIEGOERS can once again enjoy discounted cinema tickets as Robinsons Movieworld revives its popular 45% off promotion from June 26 to Sept. 25.
Read more →PSE says Top Line is fastest post-IPO FOO issuer
THE Philippine Stock Exchange, Inc. (PSE) said Top Line Business Development Corp. has become the fastest newly listed company to return to the capital markets through a follow-on offering (FOO), completing the transaction 14 months after its initial public offering (IPO). The Cebu-based fuel distributor and retailer listed its Series A-1 and Series A-2 perpetual […]
Read more →Metro Pacific Agro to build new dairy processing plant by 2027
METRO PACIFIC Agro Ventures, Inc. (MPAV), the agribusiness arm of Metro Pacific Investments Corp. (MPIC), plans to build a new dairy processing plant at its farm in Bay, Laguna, by the middle of next year as it seeks to extend the shelf life of its fresh milk products.
Read more →BPI removes InstaPay, PESONet transfer fees
BANK of the Philippine Islands (BPI) is making interbank fund transfers permanently free starting next month as it will no longer charge fees for InstaPay and PESONet transactions. Effective July 1, BPI customers making fund transfers to other banks and e-wallets through the BPI app, online banking platform, its e-wallet VYBE, BanKo, and BizKo and […]
Read more →AI can amplify human talent and skill — Globe head of AI
The Philippines’ biggest opportunity in artificial intelligence lies in investing in its people, which could drive long-term economic growth, according to Globe Telecom Inc. on Friday. “For decades, the Philippines has always been known for our people… it stems from the fact that our people are capable, collaborative, probably adaptable as well,” Derick Omar Adil, […]
Read more →SM and DOLE bring thousands of job ppportunities closer to more than 22,000 Filipinos through Araw ng Kalayaan Job Fairs
More than 22,000 Filipinos flocked to SM Supermalls nationwide this Independence Day in pursuit of better opportunities, as SM Supermalls and the Department of Labor and Employment (DOLE) brought thousands of local and overseas job opportunities closer to communities through one of the country’s largest coordinated Araw ng Kalayaan Job Fair initiatives. Mounted across 20 […]
Read more →PHL urged to remain unwavering in digital transformation amid evolving cyberthreats — CICC
The Philippines should not hold back on pursuing digital transformation despite increasingly sophisticated cyber threats, but should instead strengthen cybersecurity through a multi-sectoral approach, according to the Cybercrime Investigation and Coordinating Center (CICC) on Friday. “The challenge before us is not to slow down innovation, but to secure it,” Renato “Aboy” A. Paraiso, executive director […]
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