Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
8120 articles across all sources
AREIT taps capital markets veteran as COO
AREIT, Inc. has appointed Eduardo Javier “Javi” P. Carballo as chief operating officer (COO) as the real estate investment trust (REIT) expands its portfolio and financing capabilities. In a statement on Thursday, AREIT said Mr. Carballo will assume the post on Sept. 7 and report to President and Chief Executive Officer Alberto “Albert” M. de […]
Read more →PAL takes delivery of fourth Airbus A350-1000
FLAG CARRIER Philippine Airlines (PAL) has taken delivery of its fourth Airbus A350-1000 as part of its long-haul fleet modernization program. In a media release on Thursday, PAL said the aircraft, the fourth of nine A350-1000s ordered in 2023, arrived at Ninoy Aquino International Airport (NAIA) on Wednesday. Registered RP-C3513, the aircraft will support the […]
Read more →AllHome president resigns less than a year into role
ALLHOME Corp. President and Chief Operating Officer Maribel N. Sibayan has resigned less than a year after she was appointed to lead the Villar family’s home improvement retail business. In a disclosure on Thursday, AllHome said Ms. Sibayan’s resignation took effect on Sept. 2. Ms. Sibayan was elected president and chief operating officer on Sept. […]
Read more →RLC targets 2031 completion for first two MIRA towers
RLC RESIDENCES, the residential unit of Gokongwei-led Robinsons Land Corp. (RLC), is advancing construction of its MIRA condominium project in Barangay San Roque, Quezon City, with its first two towers scheduled for completion in 2031. “With MIRA, we are completing the residential complex of RLC in this part of Quezon City. Construction activities are in […]
Read more →Quezon leads Gawad Urian with 10 nominations
WITH 10 NOMINATIONS, Jerrold Tarog’s movie Quezon leads this year’s pack of nominees for the 49th Gawad Urian. The Manunuri ng Pelikulang Pilipino released the list of nominations for the film awards on Tuesday. Quezon, produced by TBA Studios, is a historical drama about Philippine president Manuel L. Quezon and is the third and final […]
Read more →Federal Land sees 2026 sales, revenue targets within reach
FEDERAL LAND, Inc. expects to meet or exceed its sales and revenue targets for 2026, with its project timelines and expansion plans remaining on schedule, its president said. “Federal Land is on track to meet, if not exceed, its sales and revenue targets for the year,” Federal Land President Jose Mari H. Banzon told BusinessWorld […]
Read more →The Notebook: The Musical goes beyond the love story
THE music and lyrics of singer-songwriter Ingrid Michaelson and the Tony-nominated book by Bekah Brunstetter provide the solid foundation on which Theater Group Asia’s production of The Notebook: The Musical builds an immersive, emotional world.
Read more →EDOTCO deepens PHL expansion, names new country head
MALAYSIA-BASED digital connectivity infrastructure firm EDOTCO Group is expanding its presence in the Philippines, with a focus on infrastructure sharing and technology solutions partnerships. “The Philippines stands out as one of Southeast Asia’s most compelling digital infrastructure markets. Its strong economic fundamentals, rapid digital adoption and growing connectivity needs present a significant opportunity for EDOTCO […]
Read more →BSP may step in to stem price risks as peso tests fresh lows
THE BANGKO Sentral ng Pilipinas (BSP) is likely to intervene in the foreign exchange market to smoothen sharp swings that may add to inflation risks as the peso remains under pressure. Reyes Tacandong & Co. Senior Adviser Jonathan L. Ravelas said the BSP’s presence in the market will likely be focused on maintaining price stability […]
Read more →Facing scrutiny, SMC cites flood measures for Bulacan airport
SAN MIGUEL CORP. (SMC), through its unit San Miguel Aerocity, Inc. (SMAI), outlined flood-mitigation measures and engineering studies for the New Manila International Airport (NMIA) after online claims linked the Bulacan project to recent flooding. SMAI, the developer of NMIA, said the claims emerged following weeks of heavy rains but did not identify in its […]
Read more →BPI offers free car insurance, savings with auto loans
BANK of the Philippine Islands (BPI) is offering free car insurance coverage of up to five years with their auto loans for select models, alongside savings and other benefits. Under the BPI Dream More Deals campaign, customers can get waived fees of up to P50,000, discounted interest rates, and free one-year car insurance, the bank […]
Read more →Refusing to live within a lie
Václav Havel offers us a disturbing way of looking at societies that have become accustomed to the distance between what institutions say and what reality shows. The problem is not simply that governments or politicians sometimes lie. It is more troubling than that: people can know that something is untrue and yet continue to behave […]
Read more →PNB Holdings expands sustainability measures across P80.9-B property portfolio
PNB HOLDINGS Corp., the real estate arm of LT Group, Inc., is expanding sustainability and adaptive reuse initiatives across its Metro Manila property portfolio as it seeks to improve the efficiency and resilience of its commercial assets. “The shift reduces reliance on fossil fuel-based electricity across two major commercial assets in Metro Manila and adds […]
Read more →Peso rebounds on softer dollar after weak data
THE PESO rebounded on Thursday as the dollar eased on weak economic data out of the United States that tempered US Federal Reserve hike bets and a stronger Japanese yen. The currency gained 4.5 centavos to finish at P62.52 versus the greenback from its record-low close of P61.565 on Wednesday, data from the Bankers Association […]
Read more →The AI token economy
Companies spent the last two years asking employees to use AI. Soon, they will start asking a different question: Who is paying for all these tokens? It sounds trivial today because most employees experience artificial intelligence through a monthly subscription to ChatGPT, Claude or another AI tool. The cost looks predictable. Buy licenses, assign them […]
Read more →AirAsia Group, Pegasus Airlines launch codesharing partnership
Low-cost air carriers AirAsia Group and Turkey’s Pegasus Airlines have entered a codesharing partnership aimed at providing seamless connections between destinations in Europe and Southeast Asian countries, including the Philippines.
Read more →Alphaland extends support to Itogon communities
Alphaland Baguio Mountain Lodges is working with the local government and neighboring communities in Itogon, Benguet, following a month of sustained rainfall that has triggered landslides and disrupted several areas of the municipality.
Read more →Ang: Airport project did not cause Bulacan flooding
San Miguel Aerocity Inc. , the developer of the New Manila International Airport (NMIA), has maintained that its airport development in Bulacan includes long-term flood mitigation measures, as it pushed back against claims linking the airport to recent flooding.
Read more →DMCI mining unit poised to meet nickel ore target
DMCI Mining Corp., the nickel mining arm of Consunji-led DMCI Holdings Inc., is on track to meet its production goal of three million wet metric tons of nickel this year.
Read more →ICTSI marks P2 trillion market capitalization milestone
The Philippine Stock Exchange Inc. has recognized the recent milestone of Enrique Razon Jr.’s International Container Terminal Services Inc. by hosting a celebration to mark the company’s achievement of becoming the first domestic listed firm to reach a P2-trillion market capitalization.
Read more →KairoTech, Packworks launch Sari-Sari Retail Media Network
KairoTech and Packworks have entered into a strategic partnership to develop what the two companies envision as the Philippines’ first Sari-Sari Retail Media Network, creating a new way for brands to understand, reach and engage Filipino consumers closer to where everyday purchasing decisions take place.
Read more →LTP, Emirates extend partnership
Lufthansa Technik Philippines will welcome Emirates as the launch customer for its new facility at Clark International Airport as part of their extended agreement for the base maintenance of the airline’s Airbus A380 fleet.
Read more →Maharlika investments hit P18.8 billion in 6 months
The Maharlika Investment Corp. ramped up its capital deployment in the first half, investing P18.8 billion across key industries, while it awaits the national government (NG)’s remaining P50-billion contribution to its mandated initial capitalization.
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