Philippines Business News

Pag-IBIG bags COA’s highest audit opinion for 14th straight year

The Home Development Mutual Fund, commonly known as the Pag-IBIG Fund, received the highest evaluation granted by the Commission on Audit for its financial statements.

Purpose curiosity and AI

At many commencement ceremonies in the United States this year, speakers who mentioned artificial intelligence were met with boos from some graduates.

Same old story

It’s the same old sob story – Filipino rice farmers receiving very low prices for their palay despite the high cost of production on one end and rice consumers paying high retail prices for this staple on the other.

Shares tumble anew on cautious trading

The local stock market capped off the week in the red zone, declining for a second straight session as investors maintained their cautious stance as they wait for key macroeconomic data releases next week.

Trump approves new Iran strikes that could begin this weekend - WSJ

Warsh considers cutting frequency of rate-setting meetings, NYT reports

Inflation could hit 5.6% to 6.6% in July — BSP

Bangko Sentral ng Pilipinas said the inflation rate in July could fall within 5.6% to 6.6% range.

Simplus launches ‘Live Young’ campaign for fifth anniversary

Home appliance brand Simplus launched its “Live Young with Simplus” campaign to mark its fifth anniversary, with the celebration featuring interactive events, a donation drive, and anniversary rewards for customers. The campaign celebrates “self-expression and modern living by helping today’s generation build a dynamic lifestyle that fits right into their routines,” the company said in […]

DITO Starter Packs now available in over 200 Lawson stores

DITO Telecommunity Corp. and Lawson have expanded their partnership to help more Filipinos gain access to digital connectivity, with DITO Starter Packs now available in more than 200 Lawson stores across Metro Manila. Chief Commercial Officer of DITO Telecommunity Adel A. Tamano said the partnership with the multinational convenience store chain is anchored on their […]

Lower costs, spending pickup lift business confidence in June

By Katherine K. Chan, Reporter LOWER oil prices and increased consumer spending as classes reopened helped Philippine business sentiment recover in June after three straight months in negative territory, a survey by the Bangko Sentral ng Pilipinas (BSP) showed. The BSP’s monthly business expectations survey (BES) yielded a 0% current-month confidence index (CI) in June, […]

Aboitiz Equity Ventures Q2: Net income +40% YoY on strong AP, UBP

AEV earnings rose as stronger Aboitiz Power and UnionBank results offset infrastructure losses.

Gov’t to challenge NCR wage hike TRO

The government will seek legal remedies to overturn a court-ordered temporary freeze on the minimum wage hike in the National Capital Region (NCR), arguing that the salary adjustment followed due process, labor officials said on Friday. On Thursday, the Pasig City Regional Trial Court Branch 152 issued a 20-day temporary restraining order against the implementation […]

IELTS banks on human touch, AI amid growing competition

Amid growing competition in the local English language assessment industry, the International English Language Testing System (IELTS) is differentiating itself by maintaining human intervention in its examinations while integrating artificial intelligence (AI), according to the British Council, a co-owner of IELTS. “With IELTS, what we’re really proud of when it comes to the service and […]

June loan growth slows to four-month low

BIG BANKS’ loan growth slowed to a fourth-month low in June as businesses turned cautious and consumer demand weakened amid challenging macroeconomic conditions, the Bangko Sentral ng Pilipinas (BSP) said. Central bank data released on Friday showed that universal and commercial banks’ outstanding loans, net of reverse repurchase agreements, rose by 9.8% to P14.882 trillion […]

Ghosts of the 1970s: Why three Fed hawks voted to spike rates

ACT pushes for 50,000 annual classroom construction

The Alliance of Concerned Teachers (ACT) Philippines on Friday said that 50,000 annual classroom constructions must be pushed amid concerns about the widening classroom backlog nationwide. “For us, at least 50,000 classrooms must be built if we are to address the current shortage of 166,000 classrooms,” ACT Chairperson Ruby Bernardo told BusinessWorld in Filipino in […]

Canadian economy set for strong rebound with 3.4% Q2 expansion

The Filipino retirement plan starts in the family group chat—and leads to the good life

In many countries, retirement planning is treated as a personal milestone. One decides where to live, how to spend the years ahead, and what kind of lifestyle to pursue.

Supreme Court upholds Susan Yap as Tarlac City Mayor

The Supreme Court en banc affirmed Susan Areno Yap-Sulit as Tarlac City Mayor on Friday, reversing the Commission on Elections (Comelec) resolution on her certificate of candidacy cancellation. “The Court respects, and indeed upholds the will of the electorate, not despite a candidate’s ineligibility, but because, from the evidence presented, there is no such ineligibility,” […]

BSP: July inflation likely settled at 5.6%-6.6%

By Katherine K. Chan, Reporter INFLATION may have eased to a four-month low in July as lower food prices likely offset pressures from costlier fuel and electricity and the peso’s weakness, the Bangko Sentral ng Pilipinas (BSP) said on Friday. “At a time of heightened uncertainty, the BSP projects July 2026 inflation to settle within […]

Pag-IBIG Fund earns CoA’s highest audit opinion for 14th straight year

Pag-IBIG Fund has once again earned an unmodified opinion from the Commission on Audit (CoA), marking the 14th consecutive year that the institution received the state auditors’ highest audit opinion, officials announced Friday, July 31. In a letter dated June 18, the CoA said its auditor expressed an unmodified opinion on the fairness of presentation […]

Metrobank books P12.3-billion net profit in Q2

METROPOLITAN Bank & Trust Co. (Metrobank) posted an attributable net profit of P12.3 billion in the second quarter, with interest earnings staying strong despite higher provisioning and lower trading gains due to market volatility. The bank’s second-quarter income was 2.33% lower than P12.59 billion in the same period last year, it said in a disclosure […]

Whizkey Technology Services launches to help Philippine businesses manage growing IT demands

Whizkey Technology Services, Inc. has officially launched as a managed services provider focused on helping Philippine businesses manage their IT operations without the cost and complexity of building a large in-house team. The company was founded by the owners of Global Sapphire Filipinas, Inc., (GSI), an IT systems integrator with more than 20 years of […]

'Saddened' DOLE chief to comply with P85 NCR wage hike suspension

Workers now wait as court halts P85 Metro wage hike