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
AGI profit rises to P16 billion
Conglomerate Alliance Global Group Inc. (AGI) of tycoon Andrew Tan saw its profit inch up in the first semester, supported by its diversified portfolio.
Read more →‘BSP sees less need for aggressive rate hikes’
The Bangko Sentral ng Pilipinas can afford to be less aggressive in raising interest rates as economic growth remains below potential, but policymakers still need to see a more convincing decline in inflation before relaxing their stance, BSP Governor Eli Remolona Jr. said.
Read more →Cebu Pacific off to good start in second half
The country’s largest carrier grew its passenger volume to more than 2.2 million in July, putting it on pace for a better second half as it tries to bounce back from its net loss.
Read more →Cosco books higher profit in first half
Strong operating performance across major business segments boosted earnings of Cosco Capital Inc. by 9.2 percent to P8.3 billion in the first half.
Read more →Cutting people for AI?
I came across an industry article saying that the hottest new job title in corporate America isn’t “AI specialist.” It’s “Please come back; We made a terrible mistake.””
Read more →DA lifts ban on imported canned pork
The Department of Agriculture (DA) has lifted the temporary ban on imported canned pork products, a mandate the Philippines has imposed since 2019.
Read more →Dairy industry posts gains in six months
The country’s dairy industry saw sustained gains in the first half, driven by rising production, herd expansion and higher farmgate prices, according to the National Dairy Authority (NDA).
Read more →DBP rolls out deposit campaign to widen funding base
State-run Development Bank of the Philippines (DBP) is seeking to attract more deposits to expand its funding base to various support lending activities.
Read more →ERC steps up push to clear regulatory backlogs
In just a year, the Energy Regulatory Commission (ERC) made a major dent in its long-standing backlog, clearing nearly 400 electricity supply deals and power infrastructure projects.
Read more →Government to restore P107 billion PDIC funds over 2 years
The government seeks to restore the entire P107.23 billion previously remitted by the Philippine Deposit Insurance Corp. (PDIC) to the national coffers over two years, starting with P57 billion under the proposed 2027 national budget.
Read more →GT Capital nets P16.4 billion in January-June
GT Capital Holdings Inc., the diversified conglomerate of the Ty family, delivered lower earnings in the first half, with the group’s performance mirroring a general slowdown in economic activity.
Read more →Knee-jerk reaction
During his State of the Nation Address last month, President Marcos called on Congress to amend the Electric Power Industry Reform Act (EPIRA) to remove system loss charges from consumer electricity bills.
Read more →New European partner set to join LEC in September
The Luzon Economic Corridor (LEC) initiative is set to welcome a new European partner next month, according to Finance Secretary Frederick Go.
Read more →Security Bank income rises 4 percent to P6 billion
Security Bank Corp. booked a four-percent increase in net income to P6.08 billion in the first half from P5.86 billion a year ago, as stronger net interest earnings and improved operating efficiency offset higher credit provisions and losses from foreign exchange and trading activities.
Read more →Philstar.com launches redesigned mobile app with new features
The redesigned app features faster article loading, text-to-speech, customizable notifications, dark mode and an app-exclusive Events section.
Read more →Home Credit Philippines names Gabriel Roxas as chief marketing officer
Home Credit Philippines has appointed Gabriel “Gabby” Roxas as chief marketing officer, effective August 3, 2026.
Read more →Consumer groups wary of vape tax loophole
Consumer groups have urged Congress to scrap what they described as a “glaring loophole” in the country’s vape excise tax system.
Read more →Philip Morris Philippines earns ‘Great Place To Work’ certification
Philip Morris Philippines has earned its first Great Place To Work certification, recognizing its efforts to build a workplace focused on trust, inclusivity, teamwork and employee growth.
Read more →Pasig court extends suspension of P85 Metro Manila wage hike
The Pasig local court further suspends the wage hike in Metro Manila.
Read more →Lopez Holdings Corp.: Notice of Annual Stockholders' Meeting on September 14
The annual stockholders’ meeting of Lopez Holdings Corporation (the “Corporation”) has been postponed to September 14.
Read more →ALI units now offer Pag-IBIG financing
Pag-IBIG Fund has partnered with Ayala Land residential brands Avida Land Corp. and Amaia Land Corp. to expand housing options for Filipino workers, including middle-income borrowers who can now access loans of up to P10 million.
Read more →Ancillary services
In a press briefing, Meralco’s Larry Fernandez, head of Utility Economics, explained that consumers will not feel the full impact of Meralco’s 59-centavo-per-kWh reduction because transmission charge increased by 30 centavos per kwh.
Read more →Ayala core earnings drop in H1 on lower real estate contribution
Core earnings of conglomerate Ayala Corp. fell by seven percent to P22.1 billion in the first half amid lower contributions from its real estate arm and reduced non-operating income.
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