Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1860 articles from BusinessWorld
NBA schedule
A given National Basketball Association (NBA) schedule is usually read in the simplest possible way: 82 games, spread across six months, with the standings eventually sorting out who was good enough to win and who was not. But the schedule is not simply a neutral list of opponents. The order in which teams meet, the […]
Read more →Japan’s record rains strand thousands at Narita airport; kill eight
OAMISHIROSATO, Japan — Record rainfall in Japan stranded thousands of travelers at Tokyo’s Narita airport on Friday, bringing floods to the surrounding area that disrupted transport, knocked out power to 20,000 homes and killed eight. During one of Japan’s busiest holiday weeks, more than 360 mm (14 inches) of rain fell in 24 hours in […]
Read more →Award-winning circularity: SM Waste Free Future transforms closed-loop systems
SM Prime Holdings, Inc. (SM Prime) received the Gold Award in the Transformation Category at the 2026 ESG Edge Impact Awards for its SM Waste Free Future initiative. The Transformation Category celebrates businesses and organizations that have significantly improved and evolved overall sustainability performance and operational models over time. From Vision to Transformation Through a […]
Read more →Zeinab Harake Parks heading to Davao for Kadayawan 2026 celebration with Casino Plus
Popular vlogger and digital content creator Zeinab Harake Parks is heading back to Davao City for the Kadayawan Festival 2026 celebration with Casino Plus, one of the country’s leading responsible digital entertainment platforms licensed by the Philippine Amusement and Gaming Corp. (PAGCOR). Guided by its mission to bring fun to people, Casino Plus is bringing […]
Read more →Tiong Bahru Singapore Flavours continues to win over Filipino diners with every visit
As more Filipinos explore the diverse cuisines of Southeast Asia, Tiong Bahru Singapore Flavours has emerged as a favorite destination for food lovers seeking a genuine taste of Singapore. Through its carefully prepared menu, welcoming atmosphere, and commitment to consistency, the restaurant has built a loyal following of local patrons who return time and again […]
Read more →Remolona: Weak growth may temper tightening
By Katherine K. Chan The Philippines’ weak economic growth gives the Bangko Sentral ng Pilipinas (BSP) room to take a less aggressive approach to monetary tightening, but Governor Eli M. Remolona, Jr. said the central bank still needs clearer evidence that inflation is moving sustainably lower before it could relax. “Weaker growth that we’re seeing […]
Read more →DBM eyes further cuts to unprogrammed funds
By Justine Irish DP. Tabile, Senior Reporter The Department of Budget and Management plans to further reduce unprogrammed appropriations in future national budgets as it seeks to tighten spending discipline, although eliminating the allocation will depend on the government’s fiscal space and project pipeline. Acting Budget Secretary Kim Robert C. de Leon said the government […]
Read more →CREATE MORE draws P932B in investments
The Philippines approved 895 projects with P932 billion in committed investments under the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy, or CREATE MORE Act, from November 2024 to June 2026. “These figures are proof that our reforms are attracting investments, creating opportunities, and delivering tangible results for the […]
Read more →AI boom is starting to show in UK economy’s performance
MANCHESTER, England — Britain’s economy is showing the clearest signs yet that it is benefitting from the global artificial intelligence boom, with data on Thursday showing rapid growth in related industries and a surge in computer hardware investment. While the Office for National Statistics said Britain’s economy grew by 0.4% in the second quarter, the […]
Read more →Q2 foreign investment pledges surge
FOREIGN INVESTMENT pledges in the Philippines in the second quarter rose to the highest level in nearly two years, despite muted economic growth and geopolitical uncertainties.
Read more →BSP policy rate seen at 5.25% by yearend despite weak growth outlook
THE Philippines’ high exposure to inflation risks could prompt the central bank to tighten its monetary policy further despite its weak growth prospects, Oxford Economics said. In a report dated Aug. 11, the United Kingdom-based think tank said the Bangko Sentral ng Pilipinas (BSP) could still deliver an additional 50 basis points (bps) in […]
Read more →Beverage industry urges DoF to review tax hike on sugary drinks
A BEVERAGE INDUSTRY group urged the Philippine government to review its proposed taxes on sugary drinks, warning that new levies could raise prices of everyday goods and offset the benefits of planned income tax relief.
Read more →Energy department identifies more potential nuclear power plant sites
THE DEPARTMENT of Energy (DoE) is identifying more potential sites for nuclear power facilities as the government targets 1.4 gigawatts of nuclear capacity by 2038. Energy Undersecretary Giovanni Carlo J. Bacordo said the government is studying seven areas as possible locations for future nuclear power plants. “There are two sites in Bataan, two sites in […]
Read more →KKR proposes First Gen delisting
GLOBAL investment firm Kohlberg Kravis Roberts & Co. (KKR) has proposed increasing its stake in Lopez-led First Gen Corp. and launching a tender offer for its remaining public shares, a transaction that could lead to the power producer’s voluntary delisting from the Philippine Stock Exchange (PSE).
Read more →Ayala Corp. Q2 profit edges up 1.4%
AYALA CORP. (AC) reported a 1.4% increase in second-quarter attributable net income to P10.91 billion from P10.76 billion a year earlier, as higher costs tempered revenue growth during the period. Total revenue rose 8.6% to P98.31 billion from P90.52 billion, while costs and expenses increased 10.2% to P75.06 billion from P68.09 billion, the company said […]
Read more →PLDT Q2 profit down 14%; Pangilinan upbeat on second half
PLDT Inc. saw its second-quarter attributable net income fall 14% to P7.58 billion from P8.81 billion a year earlier, as higher depreciation and amortization and other expenses weighed on earnings. Revenue for the three months ended June rose 2.1% to P55.49 billion from P54.35 billion, while total expenses increased 4% to P42.13 billion from P40.53 […]
Read more →Converge expects second-half rebound on fiber, enterprise growth
CONVERGE ICT Solutions, Inc. expects growth to rebound in the second half as it continues to add customers to its fiber platform and expand its enterprise business. “We are still adding on customers on our fiber platform, and we do expect that growth… But in addition to that, we have kept on investing in our […]
Read more →PAL Holdings swings to P6.12-B Q2 loss as flying costs surge
PAL HOLDINGS, Inc., operator of Philippine Airlines (PAL), swung to an attributable net loss of P6.12 billion in the second quarter from a P3.33-billion attributable net income a year earlier, as expenses rose faster than revenue amid a surge in flying operations costs. The company reported second-quarter revenue of P51.38 billion, up 10.8% from P46.39 […]
Read more →Rockwell Land Q2 earnings gain 24.7% as residential, leasing revenues rise
ROCKWELL LAND Corp. reported a 24.7% increase in second-quarter (Q2) attributable net income to P1.42 billion from P1.14 billion a year earlier, as revenue from real estate sales and leasing increased. Consolidated revenue rose 37.2% to P7.12 billion from P5.19 billion, the company said in its quarterly financial disclosure to the Philippine Stock Exchange on […]
Read more →FDC Q2 profit falls 9.7% as costs outpace revenue
FILINVEST Development Corp. (FDC) reported a 9.7% decline in second-quarter (Q2) attributable net income to P3.42 billion from P3.78 billion a year earlier, as expenses grew faster than revenue. Gross revenue rose 13.7% to P29.78 billion from P26.20 billion, while gross expenses increased 21.5% to P26.10 billion from P21.48 billion, the company said in its […]
Read more →FNI Q2 profit surges 71.3% on higher nickel prices, shipments
GLOBAL Ferronickel Holdings, Inc. (FNI) posted a 71.3% increase in second-quarter (Q2) attributable net income to P761.87 million from P444.80 million a year earlier, supported by higher nickel ore prices and stronger overall shipment volumes. Consolidated net income rose 71.9% to P759.71 million from P441.95 million, while revenue increased 52.9% to P3.18 billion from P2.08 […]
Read more →Puregold first-half profit rises 10.8% on stronger sales
LISTED retailer Puregold Price Club, Inc. reported a 10.8% increase in consolidated net income to P5.87 billion in the first half from P5.30 billion a year earlier, driven by higher sales and improved gross margins. Consolidated net sales rose 10.6% to P121.48 billion from P109.88 billion, the company said in a disclosure on Thursday. “The […]
Read more →SSS investment income hits P27.16 billion in first semester
THE SOCIAL Security System (SSS) recorded P27.16 billion in investment income for the first half of the year as it continued to invest in the Philippines’ capital market. This translated to an annualized return on investment of 4.53%, excluding realized gains from the sale of equity securities classified as fair value through other comprehensive income, […]
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