Philippines Business News

Celebrities Terrell Davis, John C. McGinley & Caterina Scorsone Join the Largest Down Syndrome Fundraiser in the World

Ambassador Letizia Napoleone and Co-Chairs Edit & Tamas Viski-Hanka and Alexandra & Sean Swierczewski to be honored at GLOBAL’s Be Beautiful Be Yourself Fashion Show on Nov. 7 2026 Be Beautiful Be Yourself Fashion Show in Denver on Nov. 7 GLOBAL Ambassador Letizia Napoleone and special guests Terrell Davis, Caterina Scorsone, John C McGinley, Amanda Booth and emcee’s Kim Christiansen & Phil Lipof 2026 Be Beautiful Be Yourself Fashion Show in Denver on Nov. 7 Co-Chairs Edit & Tamas Viski-Hanka an

DBV Technologies Announces Sale of Approximately $50 Million of ADSs Through Its At-The-Market (ATM) Program on Nasdaq

Châtillon, France, July 30, 2026 DBV Technologies Announces Sale of Approximately $50 Million of ADSs Through Its At-The-Market (ATM) Program on Nasdaq DBV Technologies (Euronext: DBV - ISIN: FR0010417345 - Nasdaq Capital Market: DBVT) (the "Company”), a late-stage biopharmaceutical company, today announced that, pursuant to the Company’s At-The-Market Program established on September 1, 2025 and included in a new registration statement and accompanying prospectus filed on July 27, 2026, (the "A

BOJ leaves rates unchanged as expected, trims inflation forecast

June trade gap widens to $4.94B

THE PHILIPPINES’ trade deficit in goods ballooned to $4.94 billion in June as the boom in artificial intelligence (AI) drove double-digit growth in exports and imports, data from the Philippine Statistics Authority (PSA) showed.

NG outstanding debt jumps to record P19.07 trillion

THE NATIONAL Government’s (NG) total outstanding debt rose to a record-high P19.07 trillion as of end-June, amid higher domestic and external borrowings, the Bureau of the Treasury (BTr) said.

Marcos approves incentives to attract EV investments

PRESIDENT Ferdinand R. Marcos, Jr. has approved an incentive program to attract investments in the local manufacture of electric vehicles (EV) and their components, as part of the government’s push to boost the country’s role in the regional EV supply chain.

Philippine banks see steady lending standards, demand in Q3

PHILIPPINE BANKS widely expect standards and demand for loans to remain unchanged in the third quarter as the banking industry stays resilient despite global geopolitical woes, a survey by the Bangko Sentral ng Pilipinas (BSP) showed. Based on the BSP’s latest Senior Bank Loans Officers’ Survey (SLOS), 75.5% of those polled using a modal approach […]

A safer digital PHL firmed by trust

By Bjorn Biel M. Beltran, Special Features and Content Assistant Editor Cybersecurity is a perpetual war of defense, where knowing the adversary is just as vital as knowing oneself. But, how do you defend against an enemy wielding ever-evolving technology supercharged by artificial intelligence (AI)? The BusinessWorld Cybersecurity Summit opened with such a premise on the theme […]

Identity as the digital foundation of business security

By Mhicole A. Moral, Special Features and Content Writer With businesses accelerating their digital operations, identity has become one of the defining priorities in enterprise cybersecurity. Many organizations rely on identity and access management (IAM) to determine who can access critical information, when that access is granted, and how it is monitored. During the third […]

ICTSI secures 25-year MICT concession extension

RAZON-LED International Container Terminal Services, Inc. (ICTSI) has secured a 25-year extension of its concession to operate the Manila International Container Terminal (MICT), allowing the country’s largest container terminal to remain under its management until May 2063. The company said in a regulatory filing on Thursday that it had signed an agreement with the Philippine […]

Japanese utility joins Wawa pumped storage venture

A JAPANESE electric utility has acquired a minority stake in the 600-megawatt (MW) Wawa pumped storage hydropower project, joining Razon-led Prime Infrastructure Capital, Inc. and Lopez-led First Gen Corp. in developing the $2.57-billion energy storage facility in Rizal.

AEV Q2 profit climbs 40% as power leads growth

ABOITIZ Equity Ventures, Inc. (AEV) reported a 40% increase in second-quarter (Q2) consolidated net income as stronger earnings from its power business, alongside improved contributions from its banking and food units, offset continued weakness in its real estate and infrastructure segments. The conglomerate’s consolidated net income rose to P7.3 billion in the April-to-June period from […]

EDC says no talks on $5-B Barito offer

ENERGY Development Corp. (EDC) is not engaged in discussions over Indonesia’s PT Barito Renewables Energy’s (BREN) $5-billion proposal to acquire the geothermal producer, although the unsolicited offer has not been dismissed, an EDC executive said. “Of course, any company that gives you an offer, you wouldn’t just dismiss them,” EDC President and Chief Operating Officer […]

ERC clears third extension of Meralco-Sta. Rita deal

THE Energy Regulatory Commission (ERC) has authorized Manila Electric Co. (Meralco) to continue sourcing power from the 1,200-megawatt (MW) Sta. Rita gas-fired power plant in Batangas for another six months, with projected consumer savings of P4.2 billion from the use of Malampaya gas and other rate-reduction measures. Jose Ronald V. Valles, Meralco senior vice-president and […]

Kisapmata is the big winner at the Gawad Buhay awards

THE 16TH Philstage Gawad Buhay awards — the Philippines’ answer to the Tony Awards — recognized a slew of productions on Tuesday evening, with Tanghalang Pilipino’s Kisapmata leading with 11 awards, followed by Shrek the Musical with six. As the night’s big winner, Kisapmata won the top awards including Outstanding Play – Original or Translation/Adaptation, […]

Firms slow to translate AI into office strategy — JLL

ONLY 18% of Philippine companies have begun adjusting their office portfolios for artificial intelligence (AI) despite 79% expecting the technology to significantly reshape corporate strategy over the next three to five years, according to a JLL survey. JLL Philippines Head of Research and Advisory Janlo de los Reyes said the findings point to a “large […]

RCBC nets P4.1 billion in first half

RIZAL COMMERCIAL Banking Corp. (RCBC) posted a net income of P4.11 billion in the first semester, with its earnings hit by higher loan loss buffers despite the continued strength of its core businesses. “Net profit was impacted by credit impairment provisions in response to heightened geopolitical uncertainties. Despite these headwinds, the bank’s core business sustained […]

Uniqlo PHL sees demand staying resilient despite cost pressures

JAPANESE apparel retailer Uniqlo expects demand in the Philippine market to remain resilient despite pressure on household budgets, saying consumers continue to prioritize functional everyday clothing. “Filipinos continue to trust our brand. Being here for over 14 years, they know that our LifeWear clothing can benefit them through our technology and [as well as its] […]

AUB net income climbs to P6.19 billion

ASIA United Bank Corp. (AUB) recorded a higher net income for the first half, supported by the strength of its core lending business. The bank’s net profit climbed to P6.19 billion in the period from P6.13 billion a year ago, it said in a disclosure to the stock exchange on Thursday. “This performance was anchored […]

Because people matter

Economists have a habit of reducing the economy to numbers. We debate inflation, GDP growth, unemployment, productivity, and fiscal deficits with admirable precision. We celebrate decimal-point improvements and worry over statistical deviations.

IWG bets on hybrid work with PHL expansion

INTERNATIONAL Workplace Group (IWG) plans to expand its Philippine network to 76 locations by the end of 2026, betting on continued demand for hybrid work as flexible workspaces are expected to account for 30% of the commercial real estate market by 2030. The global flexible workspace provider is adding five centers in Taguig, Bohol, and […]

BSP sets three-phased evaluation process for payment system operators’ registration

THE BANGKO SENTRAL ng Pilipinas (BSP) has issued new guidelines for entities seeking to register as operators of payment systems (OPS), updating rules set nearly seven years ago. In a memorandum signed by BSP Deputy Governor Mamerto E. Tangonan, the central bank outlined a three-phased evaluation process for OPS registration, including verification of eligibility and […]

Stuff to Do (07/31/26)

ENJOY “One Night in Shanghai” during The Bar Takeover Series II Vol. II at The Peninsula Manila on July 31 from 8 p.m. to midnight. Mixologist Liao Jien Ming, 2024’s Diageo World Class China Champion, will be at The Bar for an exclusive guest shift featuring his cocktails which will be available for one night only.

Rockwell deepens Alabang Town Center bet with P6.2-B deal

ROCKWELL LAND CORP. has raised its stake in Alabang Commercial Corp. (ACC) to 99.26%, giving the property developer near-full control of the company behind the long-term redevelopment of Alabang Town Center (ATC). In a disclosure on Thursday, the Lopez family-led developer said it had signed share purchase agreements with most of ACC’s remaining shareholders to […]