Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1488 articles from PhilStar Business
Meat importers oppose pork tariff hike
Meat importers have warned that pork prices could rise if the government imposes higher tariff on pork meat.
Read more →Megawide boosts 4PH with Cavite project
Engineering and infrastructure company Megawide Construction Corp. has advanced its commitment to support the government’s expanded Pambansang Pabahay Para sa Pilipino program, with its Cavite project reaching the topping-off stage in just seven months.
Read more →PAL to resume Saipan flights
Flag carrier Philippine Airlines is betting against rising airfares, as it is set to restore direct flights to Saipan, pinning its hopes that holiday travel would remain strong.
Read more →Philippines carbon emissions keep rising – CCC
Even as Filipino businesses become more operationally efficient, the country’s carbon emissions continue to rise, according to the Climate Change Commission.
Read more →Philippines Resorts closes Donatela Resort in Bohol
PH Resorts Group Holdings Inc. of Davao-based businessman Dennis Uy has permanently closed its Donatela Resort and Sanctuary in Bohol after losing the property to Land Bank of the Philippines.
Read more →Pryce exits pharma, focuses on gas business
Pryce Corp. is exiting the pharmaceutical business to sharpen its focus on core operations, including the importation and distribution of liquefied petroleum gas.
Read more →Shakey’s Pizza ushers in business transformation
Shakey’s Pizza Asia Ventures Inc., one of the leading restaurant and kiosk chain groups in the Philippines, is making leadership changes as part of its ongoing business transformation to support its growth agenda.
Read more →Tubig Pilipinas eyes P1.8 billion from follow-on share offer
Listed water infrastructure and utility company Tubig Pilipinas Holdings Inc. is planning a fundraising initiative next year to finance its projects.
Read more →World University Rankings 2027
In my previous column, I asked the question “Are we losing our edge?”
Read more →GCash to undergo system maintenance on Oct. 1-2
Bank transfers, cash-ins via InstaPay and payments via QRPH will be unavailable starting late Thursday night.
Read more →ABS-CBN shareholders OK P6 billion placement
Media giant ABS-CBN Corp. has received a P6-billion placement from the Lopez family and its new investor, increasing the company’s shares and adding seats to the boardroom.
Read more →ACEN takes in Dutch partner for solar project in India
Zobel-led ACEN Corp. is partnering with Netherlands-based Diamond India Renewables One B.V. for yet another solar power project in India.
Read more →Building tomorrow’s power grid
After 25 years, the Electric Power Industry Reform Act of 2001is back in the spotlight. The Philippines’ top energy leaders convened at a recent roundtable to judge EPIRA’s record after a quarter of a century.
Read more →China Bank Savings deepens support for educators
As the country celebrates National Teachers’ Month, China Bank Savings continues to strengthen its support for Filipino educators through financial wellness initiatives nationwide.
Read more →EPIRA at 25: The distribution utilities
The Electric Power Industry Reform Act of 2001 (EPIRA, RA 9136) turned 25 years old this year. I wrote a three-parts series last month in my column in BusinessWorld: “EPIRA at 25: More lights, less blackouts, fewer subsidies, lower prices?” (Part 1, Sept. 8), “EPIRA at 25” (Part 2, Sept. 15), and “EPIRA at 25: Goals reached, new issues for the future” (Part 3, Sept. 29).
Read more →Forex loans rise to $16.3 billion in Q2
Banks’ foreign currency loans rose by 5.6 percent to $16.31 billion in the second quarter from $15.44 billion in the previous quarter, driven mainly by stronger borrowing by exporters and other industries, the Bangko Sentral ng Pilipinas said.
Read more →Government debt piles up to P19.6 trillion in August
The national government’s outstanding debt climbed to a new record high of P19.61 trillion at the end of August as fresh borrowings and a weaker peso pushed up both domestic and foreign obligations.
Read more →Inflation seen at highest level in over three years
Inflation may have accelerated to as high as 7.4 percent in September, potentially the fastest pace in three-and-a-half years, as bad weather lifted food prices while costlier fuel and a weaker peso added to price pressures.
Read more →Inflation worries sink stocks to 10-month low
The local stock market sank to a fresh 10-month low amid growing concerns over rising inflation.
Read more →JTI backs unified tax on e-cigarettes
A proposed unified tax rate on e-cigarettes may help plug a loophole that provides an avenue for illicit traders to misdeclare higher-taxed products, while ensuring the government collects proper revenues, JTI Philippines said.
Read more →MGEN, VITRO to build RE-powered data centers
Meralco PowerGen Corp. and PLDT’s VITRO REIT Inc. are embarking on a strategic venture to develop data centers powered by renewable energy.
Read more →Philippines launches campaign to promote Kinampay ube
The Philippines’ Kinampay ube is on the rise as Japan’s next favorite, the Philippine Embassy in Tokyo said.
Read more →PHirst Park Homes merges with Century Properties
The Antonio family’s Century Properties Group Inc. has secured the approval of the Securities and Exchange Commission for its merger with PHirst Park Homes Inc., with CPG as the surviving entity.
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