Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
349 articles from PhilStar Business
This time, it’s for real?
After so many pronouncements, threats, deadlines and reversals from President Trump, the US and Iran finally signed a memorandum of understanding aimed at paving the way for a permanent peace deal. This time, there is a signed agreement, a reopening of the Strait of Hormuz and immediate relief in oil markets.
Read more →UNDP seeks deeper Philippines tieups on energy, digital skills
The United Nations Development Program is looking to strengthen cooperation with the Philippines in accelerating energy security, developing digital skills and mitigating climate risks to boost the country’s long-term resilience.
Read more →ACEN pours P1 billion into RE site expansion
ACEN Corp. of the Zobel family has injected an additional P1 billion into a subsidiary responsible for securing new strategic sites for its renewable energy expansion.
Read more →Beauty industry sees up to 10% growth in sales
The Philippine beauty industry is expected to continue blooming, with sales projected to grow by nine to 10 percent this year, driven by the high value placed by Filipinos on their physical appearance.
Read more →CBS doubles credit provisions
China Bank Savings Inc. is doubling its credit provisions this year as it braces for a weaker market, while keeping its branch expansion program on track to strengthen its retail banking presence.
Read more →Government expands college scholarships for coconut farmers
The government has expanded its scholarship program to support the college education of country’s coconut farmers or their families.
Read more →Health care spending rises to P1.87 trillion
Health care spending in the country rose by 15 percent in 2025, as Filipinos are placing more importance on taking care of their health.
Read more →Improved ube varieties in development at UPLB
Researchers from the University of the Philippines-Los Baños are looking to develop improved varieties of purple yam, or ube, as the root crop gains rising global acclaim.
Read more →Infrastructure, trust crucial in sustaining digital agriculture across ASEAN
Technology infrastructure may be foundational to digital agriculture, but access and connectivity are just the beginning. In ASEAN countries, it is critical to meet smallholder farmers halfway and provide them not just internet and devices, but community-wide support that will help them sustain digital farming practices.
Read more →Making the kids visit
An elderly man in Manila calls his son in Davao and says, “I hate to ruin your day, but I have to tell you that your mother and I are separating. Forty-five years of misery is enough.”
Read more →Much-needed legislation
Every year, a new report comes out confirming what everyone already knows.
Read more →Onion farmers get credit line via Jollibee, BanKo partnership
The Jollibee Group Foundation has partnered with the microfinance arm of the Bank of the Philippine Islands to provide onion farmers access to financing that may help them improve their productivity and boost their income.
Read more →SM Prime expands office space portfolio
SM Offices, the commercial leasing arm of the Sy family’s SM Prime Holdings Inc., is set to deliver this year its newest Philippine Economic Zone Authority-accredited office tower in Quezon City that will add 31,000 square meters of office space to its portfolio.
Read more →WTE auction capacity increased to 400 MW
More capacity is now up for grabs in the country’s waste-to-energy auction, with the government raising the installation target and giving companies a longer runway to complete bid requirements.
Read more →AGI allots P62 billion for 2026 capex
Conglomerate Alliance Global Group Inc. (AGI) of tycoon Andrew Tan is setting aside P62 billion in capital expenditures this year to fund the group’s next phase of growth.
Read more →Approved construction permits down 7 percent in April
Construction projects based on approved building permits declined by seven percent in April from a year ago, but the value posted double-digit growth year-on-year, according to the Philippine Statistics Authority (PSA).
Read more →BSP extends repayment period for salary-based loans
The Bangko Sentral ng Pilipinas (BSP) has extended the maximum repayment period for salary-based consumption loans to seven years, a move meant to make amortizations more manageable for borrowers while keeping safeguards against excessive debt.
Read more →BSP sets rules on digital transaction fees
Banks and other financial institutions will have to justify fees on electronic fund transfers as the Bangko Sentral ng Pilipinas (BSP) set new pricing rules for digital payments, following the lifting of the moratorium on fee increases for InstaPay and PESONet transactions.
Read more →Business judgment rule
The more I read about the fight over listed energy company First Gen’s investment in Prime Infrastructure Capital’s hydropower projects, the more I find myself sifting through the things that mattered. More than the family dispute, the court cases or the corporate resolutions, we seem to be distracted by narratives, which are important, but are not the end-all and be-all of the situation.
Read more →Customs seizes P7.2 billion in illegal tobacco products
The Bureau of Customs (BOC) has confiscated about P7.2 billion worth of illicit tobacco and e-cigarette products since January, as authorities continue to intensify intelligence and enforcement operations.
Read more →DOE creates carbon credits task force
The Department of Energy (DOE) has institutionalized a dedicated task force to oversee and ensure the effective implementation of the government’s carbon credit policies.
Read more →First Gen asked to justify premium in Prime Infrastructure deal
The Lopez family majority is demanding an explanation from tycoon Federico “Piki” Lopez and the board of First Gen Corp. regarding the company’s hydropower deals with Prime Infrastructure, alleging that Piki “went all in with First Gen’s money” to keep his post.
Read more →From port to green powerhouse: SBMA’s transformation into a modern green port city
When aggressive business decisions are made, outcomes can either falter or flourish. In the case of the Subic Bay Metropolitan Authority (SBMA), strong leadership and decisive action have led to a remarkable transformation—turning Subic Bay into a thriving green port city anchored on sustainability, economic growth, and global partnerships.
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