Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
332 articles from PhilStar Business
Over 100 erring power firms snub DOE show-cause order
Some 121 power producers appear to have shrugged off show cause orders issued by the Department of Energy over potential violations.
Read more →Philippines sees gains in most SDGs, but slips in health, disaster risks
The Philippines has made progress in more than half of the Sustainable Development Goals, but has deteriorated in terms of health and disaster risks, according to the Philippine Statistics Authority.
Read more →PNB Holdings moves closer to PSE listing
Lucio Tan-led Philippine National Bank is keeping its support behind the planned listing of PNB Holdings Corp., a move that would bring to the stock market a real estate company with more than P50 billion in assets and prime properties in Makati and Pasay.
Read more →PSEi sustains momentum, returns to 6,200 level
The local stock market sustained its upward trajectory, marking a successful return to the 6,200 level on hopes of inflation slowing further in June.
Read more →Remote towns, NCR hospitals get free internet access – DICT
At least 587 isolated communities will benefit from free internet for a year under a new project developed by the Department of Information and Communications Technology.
Read more →Upper-middle income status to fuel foreign investment surge – DTI
The country’s recent transition to upper-middle income status is expected to drive more foreign investments to the country, according to the Department of Trade and Industry.
Read more →DOE: Diesel, kerosene prices may rise by over P1 per liter
DOE says diesel and kerosene prices may rise by more than P1 per liter this week.
Read more →Work where you live with a condo for sale in Quezon City
Quezon City has neighborhoods perfect for different work styles.
Read more →CBC bundles credit, insurance to ease car ownership costs
The bundle slashes the steep upfront cash outlays that usually stall Filipino car buyers.
Read more →BSP launches book on financial system
Last Friday, the Bangko Sentral ng Pilipinas, led by BSP Gov. Eli Remolona Jr., formally launched a new book titled “Risk and Resilience in the Philippine Financial System,” with former Central Bank and BSP governors Jose Cuisia Jr., Amando Tetangco Jr. and Felipe Medalla in attendance, while Mrs. Tess Espenilla represented her late husband, former BSP governor Nestor Espenilla who had been a key participant and witness to the old Central Bank and BSP negotiations with key creditors
Read more →BSP: Philippines needs to rebuild fiscal buffers
The Philippines needs to bring down its debt after pandemic spending and higher infrastructure outlays pushed government borrowings back to around 60 percent of the economy, according to a new book published by the Bangko Sentral ng Pilipinas.
Read more →El Niño heats up Meralco power sales
Power giant Manila Electric Co. (Meralco) ended the second quarter with higher energy sales as summer heat, intensified by El Niño, spurred greater use of cooling appliances.
Read more →‘GCash final offer price to decide IPO success’
The success of GCash’s stock market listing — set to become the country’s largest — could hinge on two things: whether investors would bet on its P10-per-share offer, and how firm its fundamentals are in challenging conditions, analysts said.
Read more →Government debt payments balloon to P97 billion in May
The Marcos administration’s debt service burden rose to P97 billion in May after the government ramped up amortization and interest payments, the Bureau of the Treasury (BTr) reported.
Read more →Inflation likely eased to 6.5 percent in June – poll
Inflation likely slowed for the second straight month in June as fuel and some food prices eased, although economists said price growth remained far above the Bangko Sentral ng Pilipinas (BSP)’s target amid lingering risks from El Niño, peso weakness and second-round effects.
Read more →Many roads, one destination
Over 200 kilometers from Mactan to this municipality at the northern tip of Cebu – and back – I got a firsthand look at how Toyota Motor Philippines (TMP) is advancing its multi-pathway strategy toward cleaner mobility.
Read more →‘Market to sustain momentum this week’
The local stock market is seen sustaining its positive momentum this week, with investors keeping a close watch on June inflation.
Read more →Meaningless upgrade
It is essentially meaningless to the great mass of Filipinos.
Read more →New broadband player enters under Konektadong Pinoy Act
A new internet service provider (ISP) for businesses has arrived, introducing a new challenger to the broadband segment in an initial win for the Konektadong Pinoy Act.
Read more →Philippines, US finalizing deal for pineapple exports
The country may soon boost its pineapple exports to the United States as officials from both countries move closer to finalizing an agreement that would open all US ports to the Philippines’ fresh pineapples, according to the Bureau of Plant Industry (BPI).
Read more →PSE eyes at least 5 IPOs by next year
The Philippine Stock Exchange (PSE) is looking at possibly at least five initial public offerings (IPO) taking place by next year, as two IPOs are potentially underway this year, including what could be the country’s biggest, courtesy of Mynt Inc., the parent firm of GCash.
Read more →RLC: A vision built to last
Every estate has its purpose. For property giant Robinsons Land (RLC), it is about building purposeful, well-designed communities that give Filipinos access to spaces where they can truly thrive.
Read more →Ube stakeholders urged to form industry group
The Department of Agriculture (DA) urged the country’s ube stakeholders to create an industry group that would unify local producers, processors and exporters under a common agenda.
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