Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
8728 articles across all sources
Culion: An opportune testbed
“Buti naman naisip nyong bumisita dito (It’s good that you thought of visiting here).” Our guide uttered that remark in the middle of a tour of Culion Island’s main tourism area, lamenting that the sleepy island still rarely sees outsiders. The site of the world’s biggest leper colony in the 20th century where research yielded […]
Read more →PDIC pushes legislative agenda to boost protection, financial stability
THE PHILIPPINE DEPOSIT Insurance Corp. (PDIC) is pushing for legislative changes to improve its ability to protect consumers and ensure the stability of the financial system. The state deposit insurer is proposing to include nonbank financial institutions (NBFI) and cooperatives in its coverage to increase consumer protection, PDIC President and Chief Executive Officer Roberto B. […]
Read more →TMP sees auto market recovery despite global headwinds
TOYOTA Motor Philippines Corp. (TMP) said it expects market conditions to improve despite volatile oil prices and supply chain pressures, positioning the country’s largest automaker to rebuild sales momentum and increase vehicle supply. “While oil prices and supply chain pressures remain volatile, we are seeing encouraging signs of market recovery, and we are steadily rebuilding […]
Read more →Asia-Pacific consumers lead in digital use, cybercrime awareness
ASIA-PACIFIC (APAC) consumers lead their global counterparts in terms of both the use of digital platforms and awareness of cybercrimes, global cybersecurity and digital privacy company Kaspersky said. A B2C Pulse Survey conducted by Kaspersky Market Intelligence showed that consumers in the region outpace their global peers in terms of online shopping (80% versus 71%), […]
Read more →Spices: still hot
ON THE last day of July, Spices, the Southeast-South Asian restaurant of the Peninsula Manila, proved to us why it’s still a force to be reckoned with in the city (despite having been open since the mid-1980s). Spices held a dinner on July 31 to show off new additions to their Indian menu, with dishes […]
Read more →Peso surges as Iran deal hopes hit dollar
THE PESO ended sharply stronger against the dollar on Wednesday amid news of progress in the latest round of peace talks between the United States and Iran. The currency jumped by 41.4 centavos to close at P60.751 versus the greenback from its P61.165 finish on Tuesday, data from the Bankers Association of the Philippines’ website […]
Read more →Caring for the aged
I am not yet a senior, but I am getting there. Frankly, I am looking forward to becoming one in the Philippines. The list of privileges is encouraging, and from where I sit, we appear more generous than many other countries in terms of retail perks for those 60 and above. A Filipino who turns […]
Read more →PlayTime, Summit Media form venture to develop publishing technology
PLAYTIME Entertainment and Summit Media have formed a joint venture to develop technology platforms for media companies as publishers seek new tools to improve digital products, audience analytics, and content monetization. The venture, PT Summit, is 60%-owned by PlayTime Entertainment and 40%-owned by Summit Media. It aims to build technology for media and content creators […]
Read more →China Bank Savings books net earnings of P1.19 billion in first half
CHINA BANK SAVINGS, Inc. (CBS) recorded a net income of P1.19 billion for the first half of the year on steady lending despite challenging macroeconomic conditions. “The bank’s resilient performance was supported by the continued expansion of its core lending business, which drove revenue growth during the period,” the thrift subsidiary of listed China Banking […]
Read more →AboitizPower explores nuclear energy venture
Aboitiz Power Corp. is now looking at nuclear energy generation as a potential strategic opportunity after entering into a partnership with Korea Hydro & Nuclear Power Co. Ltd. (KHNP).
Read more →Barriers to own-use solar installations removed
Households may soon see faster deployment of own-use solar power facilities as the Department of Energy streamlines the permitting process by removing administrative hurdles.
Read more →D&L overcomes headwinds as profit grows 8% in H1
D&L Industries Inc., the country’s largest producer of oleochemicals and specialty plastics and food products, overcame headwinds in the first half, as the company managed to expand its profits by eight percent to P1.5 billion.
Read more →Globe profit falls 11% to P11 billion in H1
Globe Telecom Inc. sustained an 11-percent drop in profit in the first half, but the telco is confident of recovery thanks to the strength of its revenue base and growth of its e-wallet unit.
Read more →Government allots P112 million for free WiFi in tourist spots
The Department of Information and Communications Technology is setting up free WiFi in some of the country’s tourist hotbeds, allocating over P112 million for the project.
Read more →Higher Q2 palay output backstops stocks ahead of El Niño, says DA
The country’s higher palay production in the second quarter could provide additional rice stocks in preparation for the impact of El Niño on local farm production, according to the Department of Agriculture.
Read more →Inflation, imports, largest car brands, Swiss chamber forum
I will discuss five economic and business issues here, so we go straight to the numbers.
Read more →Inflation slows to 6.2% in July
Inflation eased for the third straight month in July, driven by the slower increase in transport costs, according to the Philippine Statistics Authority.
Read more →Motorcyle riders nix new fleet cap
Motorcycle taxi workers are asking for a dialogue with President Marcos and the Department of Transportation to discuss new regulations that seem to prohibit them from earning more.
Read more →PCCI exec feted for SME support, business development
SEDA Law (Salazar Enrile Defensor & De Mata Law Offices) recently presented its prestigious Silver Coin Tribute to Bryan Ang Chua, vice president of the Philippine Chamber of Commerce and Industry (PCCI), during the law firm’s silver anniversary celebrations.
Read more →Power business lifts Semirara profit to P8.6 billion
MANILA, Philippines — Semirara Mining and Power Corp. (SMPC) delivered slightly higher earnings in the first half, fueled by strong power business that countered weaker results from its coal segment. Tycoon Isidro Consunji’s integrated energy company saw its net income inch up by two percent to P8.58 billion during the period from P8.42 billion a year ago. Revenue rose by nine percent to P34 billion from P31.33 billion, as higher coal and electricity selling prices outweighed decline
Read more →PPA docks 9% higher earnings
One of the government’s biggest sources of dividends is on its way to another year of profit growth, gaining a nine-percent increase in the first half due to higher revenue.
Read more →RLC pays tribute to John Gokongwei Jr. on his 100th birth anniversary
Robinsons Land Corp. has officially renamed Bridgetowne Avenue as John Gokongwei Jr. Boulevard as a permanent tribute to the Gokongwei Group’s founder and to commemorate his 100th birth anniversary.
Read more →Shares drop anew as investors cash in
The local stock market declined for the second straight session as investors opted to take profits late in the session.
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