Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1859 articles from BusinessWorld
Term deposit rate slips on strong demand amid less hawkish BSP
THE CENTRAL BANK’S term deposit facility (TDF) fetched a lower average yield on Wednesday on strong demand as the market looked ahead to its policy meeting next week following less hawkish signals recently. Demand for the Bangko Sentral ng Pilipinas’ (BSP) seven-day term deposits reached P138.564 billion, higher than the P120-billion offer and the P118.998 […]
Read more →CLI says second-half launches to proceed after addressing regulatory requirements
CEBU LANDMASTERS, INC. (CLI) said it would proceed with 11 planned second-half launches after addressing regulatory requirements that had delayed some of its projects. “The company used the first half of the year to complete the necessary requirements and secure the approvals needed to bring these projects to market. With these requirements now being addressed, […]
Read more →Improved knowledge boosts Filipinos’ view of credit
FILIPINOS now view credit more favorably on improved trust and knowledge about credit products and as formal borrowing channels continue to expand, TransUnion said. TransUnion’s 2026 Credit Perception Index (CPI) released on Wednesday showed that Filipinos’ CPI score rose to 75 from 73 in 2025, the highest level since the annual study was launched in […]
Read more →Metro Pacific Water says supply boosted for 10,000 Bulacan households
METRO PACIFIC Water (MPW) said it has boosted water supply for about 10,000 households in San Jose del Monte, Bulacan, after restoring a treatment plant to its design capacity. In a statement on Wednesday, the Metro Pacific Investments Corp. (MPIC) subsidiary said its unit Metro Pacific Bulacan Water (MPBW) had restored production at Water Treatment […]
Read more →Ayala Land unit turns over 110 homes under Naga housing program
BELLAVITA Land Corp., the socialized housing arm of Ayala Land, Inc. (ALI), has turned over 110 homes to Naga City government employees, the first batch under a 1,011-unit housing program. The homes were turned over on Aug. 18 at the BellaVita Naga village in Barangay Pacol, ALI said in a statement on Wednesday. The program […]
Read more →Where there’s smoke
He must have felt ecstatic, standing in line with his mistahs that graduation day in March 1941. After all, these grads in their early 20s had survived four years of grueling physical conditioning (including daily brutal hazing in their plebe/freshman year that is now banned) that added to the pressure of academics. Just nine months […]
Read more →Seeing red? Panda Express sees orange instead
PANDA EXPRESS in its US home celebrates National Orange Chicken Day on July 15, and the Philippines is in on the fun too. Throughout the month of August, the celebration comes with special offers for Orange Chicken lovers. Guests can enjoy 10% off with a minimum spend of P699 featuring Orange Chicken, available at GrabFood. […]
Read more →Simpler onboarding to spur digital payments adoption among small businesses
FINANCIAL INSTITUTIONS must simplify the onboarding process for small businesses such as mom-and-pop stores to further expand the adoption of digital payments in the country. Rizal Commercial Banking Corp.Executive Vice-President and Chief Innovations and Inclusion Officer Angelito M. Villanueva said multiple requirements for merchant onboarding are among the biggest barriers to digital payments adoption in […]
Read more →Biometric authentication to make PHL financial services ‘phishing-resistant’
BIOMETRIC AUTHENTICATION can make online financial services more secure against evolving cyberthreats as the Philippines continues to see growth in digital transactions, identity verification service provider iProov said. Many Philippine financial institutions have already replaced one-time passwords (OTPs) with stronger authentication technologies like biometric, behavioral, adaptive, or password-less solutions to comply with Bangko Sentral ng […]
Read more →Smart, Lynk expand satellite-to-phone trials to Batangas
SMART COMMUNICATIONS, Inc. has expanded its direct-to-device satellite service trials with US-based Lynk Global, Inc. to Batangas as part of efforts to strengthen communications and disaster-response capabilities. The wireless unit of PLDT Inc. said the pilot activities had previously been conducted only in Catanduanes and Ilocos Norte this year. “Reliable communication is essential in times […]
Read more →Property tax reform
The Finance secretary’s willingness to compromise on some taxes, including reducing the 12% value-added tax (VAT), is fiscally cautious, but potentially meaningful. His caveat is that there should be alternatives to replace any lost revenue to fund the national budget. The central issue is not whether some taxes can be removed, but how the government […]
Read more →GCash rolls out new security features
GCASH has launched a Security Center feature in its app that lets users manage their settings to secure their funds against cyberattackers. The new feature is in line with the Anti-Financial Account Scamming Act and aims to keep users protected from growing cyberthreats as it helps customers respond faster to risks, strengthen account protection, and […]
Read more →Build faster, secure smarter: Why Philippine organizations must rethink software risk
DIGITAL TRANSFORMATION was once approached cautiously in many Philippine boardrooms. Today, however, that enthusiasm is being matched by real investment. If anything, decision-makers want to deploy software and launch new apps faster than ever.
Read more →Weather, lengthy testimony put VP impeachment trial 3 days behind
THE impeachment trial of Vice-President (VP) Sara Duterte-Carpio is three days behind schedule, with weather-related suspensions and longer-than-planned witness testimony slowing proceedings, according to the Senate impeachment court spokesman. “So the number of days allotted for the prosecution will simply be extended, eating into the days originally allocated for the defense,” spokesman Reginald A. Tongol […]
Read more →Lacson seeks engineers to assess flood control projects
SENATOR Panfilo M. Lacson urged civil engineers to organize forensic assessment teams to inspect flood control projects, roads and bridges and identify structural or implementation failures. “We can call on associations of civil engineers to help in the inspection of infrastructure, including those damaged by recent floods,” he said in a statement on Wednesday. “They […]
Read more →Labor group urges Supreme Court to act on lawsuit vs NCR wage hike
THE Federation of Free Workers (FFW) urged the Supreme Court (SC) to act on the challenge to the P85 daily minimum wage increase in the National Capital Region (NCR), saying prolonged litigation is delaying wage relief for workers. “The minimum wage is not a gift to workers,” FFW President Jose Sonny G. Matula said in […]
Read more →SC orders Empire East to refund buyer
THE Supreme Court (SC) has ordered property developer Empire East Land Holdings, Inc. to refund P130,000 to a buyer after it failed to issue a promised contract to sell, but ruled that the sales agent’s promise was not an advertisement covered by the real estate buyer protection law. “Consequently, not every representation made by a […]
Read more →Gov’t extends alternative work, class setup in NCR, 17 areas
MALACAÑANG has extended alternative work setup in government offices and learning modes in public and private schools in the National Capital Region and 17 provinces for Aug. 20 due to continued heavy rains from the enhanced southwest monsoon. Memorandum Circular No. 131, signed by Executive Secretary Ralph G. Recto, covers the National Capital Region, Abra, […]
Read more →Sara wants faster impeachment trial
VICE-PRESIDENT Sara Duterte-Carpio on Wednesday called for a speedy resolution of her impeachment case as the Senate impeachment court canceled its proceedings for a second straight day due to bad weather. Ms. Duterte said she wanted the proceedings to move faster so that the public could determine whether the allegations against her were true. “I […]
Read more →DILG pushes tighter gun measures
INTERIOR Secretary Juanito Victor “Jonvic” C. Remulla, Jr. on Wednesday called on Congress to tighten gun ownership and loose firearms laws amid renewed concerns over gun-related incidents in schools. “I call upon Congress to enact laws that will penalize gun owners for the non-safekeeping of their weapons,” Mr. Remulla told a livestreamed news briefing. The […]
Read more →Habagat grounds 10 flights, CAAP says
A TOTAL of 10 flights were affected on Wednesday due to inclement weather brought about by the southwest monsoon (habagat), according to the Civil Aviation Authority of the Philippines (CAAP). Latest information from CAAP reported five domestic flights were canceled due to unfavorable weather, affecting 771 passengers. Meanwhile, CAAP reported that one flight executed a […]
Read more →MMDA readies 30 flood catchments
THE Metropolitan Manila Development Authority (MMDA) is preparing 30 flood catchment sites, which will be partly funded by the Asian Infrastructure Investment Bank (AIIB), as the government seeks to improve the capital’s capacity to absorb intense monsoon rains. MMDA Chairman Romando “Don” S. Artes, Jr. said the projects would use nature-based solutions, including underground catchments […]
Read more →La Trinidad placed under state of calamity
LA TRINIDAD, Benguet — Benguet capital, La Trinidad, was placed under a state of calamity on Aug. 18 following extensive damage caused by heavy rains from a typhoon and the continuing southwest monsoon. Mayor Roderick C. Awingan said the declaration, approved by the Sangguniang Bayan, was based on the recommendation of the Municipal Disaster Risk […]
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