Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
37 articles from PhilStar Business
DOH’s proposed nutrient profile seen to hike food production costs
The government’s proposed nutrient profile model may drive up food manufacturing costs and affect the country’s agricultural exports, according to the Philippine Chamber of Agriculture and Food Inc.
Read full article →Emperador posts solid results despite global challenges
Global brandy and whisky conglomerate Emperador Inc. of tycoon Andrew Tan pulled off a solid first quarter performance despite a challenging global environment, with net profit increasing by five percent to P1.96 billion from last year’s P1.86 billion.
Read full article →Employers push for responsible AI adoption
The country’s umbrella organization of employers is pushing for the responsible adoption of artificial intelligence (AI) and reforms to improve the business environment and strengthen good governance amid challenges affecting employment generation.
Read full article →GSIS income nearly triples in Q1, assets hit P2 trillion mark
The Government Service Insurance System saw its net income nearly tripled to P43.6 billion in the first quarter, with the state-run provident fund likely breaching its P2.1-trillion asset target by the end of the year.
Read full article →Imports squeeze hog farmgate prices to P180/kilo
Farmgate prices for local pork have fallen to as low as P180 kilogram, prompting farmers to back the government’s plans to implement a price ceiling on liempo or pork belly.
Read full article →Jollibee opens 109th North America store
The Jollibee Group continues its expansion in North America with the opening of a new Jollibee store in New York City.
Read full article →Landbank cuts transfer fee to P8
Land Bank of the Philippines has cut its InstaPay transfer fee for person-to-person (P2P) transactions to P8 from P15, while offering one free daily transaction worth P1,000 or less.
Read full article →Now the pain begins
By next week, the US-Iran war, triggered by the joint US and Israel attack on Tehran on Feb. 28, will officially have reached three devastating months for the global economy. This war has upended the energy, trade, travel and logistics sectors, among others hardest hit, and currently has no clear timeline for resolution.
Read full article →PAL to resume flights to Sapporo in November
Flag carrier Philippine Airlines is returning to the winter wonderland of Sapporo, hoping to stir interest among Filipinos to visit one of Japan’s best snow places.
Read full article →Robinsons Logistix to build FedEx facility in Clark
Robinsons Logistix and Industrials Inc., the logistics and industrial facilities arm of Robinsons Land Corp. (RLC), is strengthening its presence in one of the country’s most active industrial and transport corridors with a new built-to-suit logistics facility for FedEx at Clark International Airport.
Read full article →SM Offices putting up P700 million Clark tower
SM Offices, the commercial leasing arm of SM Prime Holdings Inc., is investing around P700 million for a new tower development that will further reinforce Clark’s position as a premier alternative to Metro Manila’s traditional central business districts.
Read full article →Thai firm readies P1 billion coconut processing plant
Thai World Group of Companies, through its local affiliate, is set to open a P1-billion coconut processing facility in Misamis Oriental in July.
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