Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
8835 articles across all sources
Calamansi, coconut, and miracle balms
THE expectation that Pinky Yee would serve a fairytale confectionary for dessert did not materialize.
Read more →Monkeys in geopolitics
(Part One) That China has been of late upping the pugnacious rhetoric against the Philippines shows the magnitude of current turbulence within the eastern behemoth nation. The 100+ million-strong Chinese Communist Party (CCP), still led by its Secretary General and China’s President Xi Jinping, recently experienced the political demise of top General Zhang Youxia, his […]
Read more →One-of-one 911 Targa 4 GTS marks Porsche PHL’s 30th year
PORSCHE PHILIPPINES President and CEO Roberto Coyiuto III recalled his father’s goal with introducing the auto brand to the country 30 years ago. Porsche Philippines Principal and Founder Robert Coyiuto, Jr. had a “simple but meaningful vision to bring one of the world’s most iconic sports car brands closer to Filipino enthusiasts,” Mr. Coyiuto III […]
Read more →Investors seek clarity on proposed reforms after SONA
MARKET ANALYSTS said investors will be looking for clarity on the administration’s proposed reforms and implementation plans following President Ferdinand R. Marcos, Jr.’s State of the Nation Address (SONA), particularly across the energy, infrastructure, and capital market sectors.
Read more →Mitsui tapped for coconut nanotechnology trials
THE Philippine Coconut Authority (PCA) said it signed a memorandum of agreement with Mitsui & Co. (Asia Pacific) Pte. Ltd. to test the use of nanotechnology in coconut farming. The partnership calls for two years of field trials to determine if nanotechnology can help increase coconut yields and improve the health of coconut trees. The […]
Read more →BSP bills’ rate edges up as bids drop
THE BANGKO SENTRAL ng Pilipinas’ (BSP) short-term securities were quoted at a slightly higher average yield on Friday as bids declined week on week. Tenders for the 28-day BSP bills amounted to P43.39 billion, higher than the P40 billion placed on the auction block. However, this was below the P62.179 billion in bids fetched in […]
Read more →BPI plans to pilot stablecoin remittances in fourth quarter
BANK of the Philippine Islands (BPI) plans to start using stablecoins as a platform for remittances before yearend under its partnership with global digital clearing house Meridian, its top official said. BPI President and Chief Executive Officer Jose Teodoro K. Limcaoco told reporters last week that the bank aims to start implementing stablecoins as a […]
Read more →Cautious trading ahead of inflation, GDP data
Cautious trading is seen prevailing this week as investors keep an eye on upcoming key macroeconomic data releases.
Read more →Customs exceeds July target
The Bureau of Customs (BOC) collected roughly P85.77 billion last month, exceeding its July collection goal by P3.77 billion amid tighter assessment and as ports heeded the agency’s order to improve performance.
Read more →Economists see steady inflation
Inflation likely held steady in July as higher fuel, electricity and food costs were slightly offset by lower rice and other food prices, economists said.
Read more →FFCCCII urges government to act on economy
Even after President Marcos’ 5th State of the Nation Address last week that focused on key economic concerns of the business sector, the Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) continues to express concern about wages, a deteriorating peso-dollar higher exchange rate that is making imports for agricultural inputs more expensive, higher oil prices, expensive energy cost and the lack of investments.
Read more →Government wants higher renewable energy charges for 2027
Consumers may face higher renewable energy charges on their power bills as the National Transmission Corp. (TransCo) seeks to raise the feed-in tariff allowance (FIT-All) next year.
Read more →HashMicro launches new AI operating system
HashMicro, a leading enterprise software provider in the Asia-Pacific region, has officially launched Hashy OS, an AI Operating System designed to help organizations seamlessly integrate AI into their daily operations through a unified digital workspace.
Read more →PXP woos foreign partners for oil, gas exploration
PXP Energy Corp. is seeking foreign investments to pursue new upstream oil and gas opportunities beyond areas covered by the West Philippine Sea exploration ban.
Read more →System loss charge
This big controversy over the system loss that power distribution utility companies are allowed to pass on to their customers reminds me of the many discussions we had on the issue during the old days at the Ministry of Energy.
Read more →Telcos link up for $500 million national undersea cable project
Connectivity giants PLDT Inc., Globe Telecom Inc. and Converge ICT Solutions Inc. are setting aside competition for a $500-million project to connect all islands to broadband service through undersea cable.
Read more →Uniqlo dresses up for Philippine expansion
Japanese retail giant Uniqlo remains confident in the Philippine market and plans to continue expanding through new store openings despite high fuel and commodity prices.
Read more →Your time is up: Boardroom independence gets fresh start
Several of the country’s sought-after independent directors have lost their posts after the Securities and Exchange Commission (SEC) decided that their time was up.
Read more →Cautious trading likely before inflation, GDP data
PHILIPPINE SHARES may trade cautiously this week as investors await the release of the latest inflation and gross domestic product (GDP) data to gauge the state of the economy and continue to monitor the situation in the Middle East. On Friday, the Philippine Stock Exchange index (PSEi) fell by 1.09% or 69.31 points to close […]
Read more →Marcos faces post-SONA test as wage freeze and debt cloud reform agenda
PRESIDENT Ferdinand R. Marcos, Jr. faces a tougher task sustaining public support for his reform agenda after the suspension of a wage increase in Metro Manila, a record national debt, and the bail grant to a former senator accused in a flood control graft case clouded the momentum from his fifth State of the Nation Address (SONA), analysts said.
Read more →Revilla bail underscores challenge of prosecuting top officials — analysts
THE Sandiganbayan’s decision to grant bail to former Senator Ramon “Bong” B. Revilla, Jr. in his malversation case has underscored the difficulty of prosecuting senior public officials in corruption cases, with analysts saying prosecutors often face the challenge of directly linking political figures to schemes despite evidence of irregularities.
Read more →House measures target lower electricity costs, rooftop solar
LAWMAKERS have filed two measures seeking to lower electricity costs by abolishing system loss charges passed on to consumers and easing regulatory requirements for households and businesses that generate electricity for their own use. In separate statements on Sunday, Speaker and Isabela Rep. Faustino “Bojie” G. Dy III and Ilocos Norte Rep. Ferdinand Alexander A. […]
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