Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1249 articles from PhilStar Business
‘Global minimum tax to raise additional P24.4 billion revenues yearly’
The Philippines could generate about P24.4 billion in additional annual revenue starting in 2029 under a proposed global minimum tax, the Department of Finance said.
Read more →Government seeks alternative feedstock to boost bioethanol production
The Department of Agriculture and the Department of Energy are looking to increase the country’s bioethanol production through the use of cheaper and diversified feedstock.
Read more →Government to unload P69.9-billion budget for rice programs
President Marcos is proposing P69.9 billion funding for three major rice programs next year as the government seeks to boost domestic production, raise farmers’ incomes and help keep rice affordable and accessible. Acting Budget Secretary Kim Robert de Leon said the proposed funding forms part of the administration’s broader food security agenda, which seeks to raise agricultural productivity while improving the livelihoods of farmers and fisherfolk.
Read more →JG Summit expects to sustain topline growth
Conglomerate JG Summit Holdings Inc. of the Gokongwei Group expects revenue growth in the second half to be in line with the previous semester despite risks such as inflation and weather disruptions.
Read more →Jobstreet by SEEK expands support to MSMEs via LGUs
Employment platform Jobstreet by SEEK is strengthening its support to micro, small and medium enterprises (MSMEs) with wider capacity-building programs through local government units.
Read more →Kanda secures 2nd term as ADB president
Asian Development Bank president Masato Kanda is serving a second term after being re-elected to lead the multilateral lender as Asia-Pacific faces headwinds and new shocks.
Read more →Mitsubishi unveils all-new Pajero SUV
Automotive firm Mitsubishi Motors Corp. yesterday unveiled the all-new Pajero sports utility vehicle (SUV), which it plans to launch in Southeast Asia, including the Philippines, in the next fiscal year.
Read more →‘Philippines could be Nissan’s top Asean market anew’
Japanese multinational automaker Nissan Motor Co. Ltd. sees strong potential for the Philippines to reclaim its position as the company’s top market in Southeast Asia.
Read more →Philippines may not export sugar to US this year
The Philippines may not export sugar to the United States this year due to production constraints in local sugarcane, according to the Sugar Regulatory Administration.
Read more →SierraCol chair joins Prime Infrastructure board
The chairman of SierraCol Energy Ltd., Colombia’s largest independent oil and gas exploration firm, is reinforcing Prime Infrastructure Capital Inc.’s global expansion drive with his appointment to its board of directors.
Read more →SMC, Aboitiz units win Meralco supply deals
Energy firms controlled by Ang-led San Miguel Corp. and the Aboitiz Group have placed the best bids to supply 600 megawatts (MW) of power to utility giant Manila Electric Co.
Read more →SSS investment income seen to hit P71.4 billion by year-end
The Social Security System expects to generate P71.41 billion in investment income by year-end, helping lift its net income despite higher pension and other benefit payouts.
Read more →Stocks dip as peso continues to depreciate
The local stock market pulled back yesterday following Tuesday’s strong performance, with investor sentiment dampened by the continued depreciation of the peso.
Read more →The ERC, Nasecore, pumped hydro and nuclear power
Last Monday a “consumer group” went to the Ombudsman and filed a complaint against Energy Regulatory Commission officials for allowing line rental charges embedded in electricity bills.
Read more →Unbearable and unacceptable floods
The relentless habagat rains over the long weekend once again left many areas underwater, with images of flooded communities filling news reports and social media platforms.
Read more →Urquijo leads new ALI integrated estates group
Property giant Ayala Land Inc. is creating a new integrated estates group, led by next-generation leader Jaime Zobel Urquijo.
Read more →Factory growth accelerates to near 10-year high
Buoyed by higher output and strong demand, Philippine manufacturing activity in August expanded at its strongest pace in nearly a decade, according to S&P Global.
Read more →Foreign debt payments hit $6.2 billion in 5 months
The country’s foreign debt payments increased by 4.8 percent to $6.21 billion from January to May as higher principal repayments outweighed a decline in interest payments, preliminary data from the Bangko Sentral ng Pilipinas showed.
Read more →Former finance chief Sonny Dominguez joins Megaworld as independent director
Former finance secretary Carlos “Sonny” Dominguez is bringing his extensive experience in business, finance, corporate leadership and economic policy to the board of Megaworld Corp.
Read more →JFC picks HK for listing of international business
Asian food conglomerate Jollibee Foods Corp. has chosen Hong Kong over the United States for the planned listing of its international business.
Read more →Leviste raises P3 billion from SPNEC share sale
Businessman-turned-lawmaker Leandro Leviste has pocketed P3 billion from unloading more shares in SP New Energy Corp. of tycoon Manuel V. Pangilinan.
Read more →‘Mayabang kasi tayo!’
“Medyo mahirap sabihin ito, Senator, pero mayabang tayo eh… may consumption culture.”
Read more →Metro Pacific Water allots P23 billion for infrastructure upgrade
Metro Pacific Water, a unit of Pangilinan-led Metro Pacific Investments Corp., is looking to invest P23 billion over the next five years to improve its water service portfolio in the Philippines and Vietnam.
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