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Philippines Business News
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2363 articles from BusinessWorld
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BusinessWorld
Bolsonaro beats expectations in Brazil presidential vote, faces Lula in runoff
BRASILIA/SAO PAULO/RIO DE JANEIRO — Brazilian Senator Flavio Bolsonaro will face President Luiz Inacio Lula da Silva in…
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Woman at center of Cornell rape allegations targeted with threats, lawyer says
WASHINGTON — The woman who has alleged she was drugged and raped by Cornell University students has been…
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Customs collections reach P93 billion in September
THE Bureau of Customs (BoC) said it collected P93.339 billion in September, surpassing its target for the month…
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Black & Veatch and Carmen Copper win Enlit Asia Innovation Award for first-of-a-kind floating solar project
Black & Veatch and Carmen Copper Corp. received the Innovation Award, Energy Transition and Emerging Solutions at the…
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Logistics startup SHIPZY enters PHL market
Filipino-founded tech logistics startup SHIPZY Philippines has launched operations in the country, introducing an integrated digital platform designed…
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PeraSure launches with record-low interest rates
PeraSure, a digital lending app operated by SEC-registered Sulit Lending Corp., officially launched in the Philippines, offering one…
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Young Filipino sim racers head to Thailand to fulfill sim racing dreams
Enzo Ison, Russel Reyes and Michael Velasquez to represent Philippines in 2026 TGR Asia Esports GT Championship Enzo…
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Wissen International, Benilde form strategic partnership to develop resilient cybersecurity workforce
Singapore-based education consultancy Wissen International Pte Ltd, the exclusive representative and distributor of International Council of E-Commerce Consultants…
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Philippine inflation likely hit 4-month high in September — poll
INFLATION may have accelerated to a four-month high in September amid fresh oil price surges, costlier food due to weather disruptions, and the peso depreciation, analysts said.
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Infrastructure spending drops 4% in July
INFRASTRUCTURE SPENDING dropped by 4% in July as lower disbursements by the Department of Public Works and Highways (DPWH) offset higher spending on defense, agriculture and railway projects, the Department of Budget and Management (DBM) said.
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Cesar Virata leaves legacy of technocratic governance
FORMER Prime Minister and Finance Minister Cesar E.A. Virata helped set a standard for technocratic governance in the Philippines built on competence, fiscal discipline and integrity, economists and business leaders said.
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Philippine banks’ bad loan ratio steadies in August
PHILIPPINE BANKS’ gross nonperforming loan (NPL) ratio held steady in August as faster loan growth offset the rise…
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Analysts say Mynt IPO price more balanced, but not cheap
ANALYSTS said Mynt, Inc.’s final initial public offering (IPO) price of P6.60 per share is more balanced and less stretched than the previously indicated P10 maximum, although the shares are not cheap and investors should watch credit quality as lending becomes a bigger part of the financial technology (fintech) company’s business.
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SEC seeks mandatory accreditation of third-party debt collectors
THE SECURITIES and Exchange Commission (SEC) is proposing to require third-party debt collection agencies to secure accreditation before…
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Meralco energy sales edge up in first eight months
MANILA Electric Co. (Meralco) recorded a slight increase in energy sales volume in the first eight months of…
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Fruitas gets P750-M PNB credit line for expansion
FRUITAS Holdings, Inc. has secured a credit facility from Philippine National Bank (PNB) to support planned store openings,…
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Globe restores internet services after subsea cable disruption
GLOBE Telecom, Inc. said it has restored internet services in areas affected by a disruption along an international…
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Megawide awaits GSIS action on Quezon City terminal proposal
MEGAWIDE CONSTRUCTION Corp. is awaiting further action from the Government Service Insurance System (GSIS) on its unsolicited proposal…
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PNB Holdings flat after market debut amid heavy turnover
SHARES of PNB Holdings Corp. ended flat week on week following its debut on the Philippine Stock Exchange (PSE), as selling by recipients of the property dividend was met by buying interest, according to an equity trader.
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AC Health opens second St. Joseph Drug-SUGI branch in Quezon City
AYALA HEALTHCARE Holdings, Inc. (AC Health) has opened the second branch of St. Joseph Drug Powered by SUGI…
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Analysts: Foreign funding allegations vs VP raise national security concerns
ALLEGATIONS that China-linked funds flowed to entities associated with Vice-President (VP) Sara Duterte-Carpio and her husband could raise national security concerns if evidence establishes that the money was intended to influence Philippine policy, analysts said.
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House budget shifts seen as tweaks, not policy change
THE HOUSE of Representatives’ proposed reallocations of the P7.2-trillion 2027 national budget reflect adjustments to spending priorities rather than a fundamental policy shift, analysts said, warning that additional funding for some programs could come at the expense of others.
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Philippine UN walkout may need stronger diplomatic follow-through
By Francessca S. Abalos THE Philippines must back its symbolic walkout during Israeli Prime Minister Benjamin Netanyahu’s address…
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