Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1263 articles from PhilStar Business
Customs exceeds July target
The Bureau of Customs (BOC) collected roughly P85.77 billion last month, exceeding its July collection goal by P3.77 billion amid tighter assessment and as ports heeded the agency’s order to improve performance.
Read more →Economists see steady inflation
Inflation likely held steady in July as higher fuel, electricity and food costs were slightly offset by lower rice and other food prices, economists said.
Read more →FFCCCII urges government to act on economy
Even after President Marcos’ 5th State of the Nation Address last week that focused on key economic concerns of the business sector, the Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) continues to express concern about wages, a deteriorating peso-dollar higher exchange rate that is making imports for agricultural inputs more expensive, higher oil prices, expensive energy cost and the lack of investments.
Read more →Government wants higher renewable energy charges for 2027
Consumers may face higher renewable energy charges on their power bills as the National Transmission Corp. (TransCo) seeks to raise the feed-in tariff allowance (FIT-All) next year.
Read more →HashMicro launches new AI operating system
HashMicro, a leading enterprise software provider in the Asia-Pacific region, has officially launched Hashy OS, an AI Operating System designed to help organizations seamlessly integrate AI into their daily operations through a unified digital workspace.
Read more →PXP woos foreign partners for oil, gas exploration
PXP Energy Corp. is seeking foreign investments to pursue new upstream oil and gas opportunities beyond areas covered by the West Philippine Sea exploration ban.
Read more →System loss charge
This big controversy over the system loss that power distribution utility companies are allowed to pass on to their customers reminds me of the many discussions we had on the issue during the old days at the Ministry of Energy.
Read more →Telcos link up for $500 million national undersea cable project
Connectivity giants PLDT Inc., Globe Telecom Inc. and Converge ICT Solutions Inc. are setting aside competition for a $500-million project to connect all islands to broadband service through undersea cable.
Read more →Uniqlo dresses up for Philippine expansion
Japanese retail giant Uniqlo remains confident in the Philippine market and plans to continue expanding through new store openings despite high fuel and commodity prices.
Read more →Your time is up: Boardroom independence gets fresh start
Several of the country’s sought-after independent directors have lost their posts after the Securities and Exchange Commission (SEC) decided that their time was up.
Read more →ERC orders Meralco to return P9.5 billion to customers
Meralco customers set for six-month refund after overcollections.
Read more →At Sheraton Cebu: Wellness heals people – and the planet
When Thel Abiera was a young boy of around six or seven years old, his grandmother, who was suffering from an ailment affecting her cervix, taught him to caress her lower back while dabbing it with an ointment she concocted herself – manzanilla or chamomile-infused oil and camphor-based alcamporado.
Read more →Business group backs Pax Silica initiative
Business group Management Association of the Philippines expressed support for the Pax Silica initiative, which is expected to open the economic opportunities for the country, but cited the need for safeguards to ensure it protects national interest, the environment and creates local quality jobs.
Read more →BYD Cars Philippines sees continued growth in electrified vehicles
BYD Cars Philippines Inc. expects to see continued growth in electrified vehicles in the country, but noted that government support is needed forfaster charging infrastructure rollout.
Read more →FTAs seen driving Philippines, India trade to $10 billion
Bilateral trade between India and the Philippines could hit $10 billion in the next five to six years through opportunities from free trade agreements.
Read more →Group defends e-wallets’ P10 transfer fees
The country’s umbrella group for digital banks has defended members that opted to keep transfer fees of at least P10, even as almost all other banks reduced theirs to zero.
Read more →GSIS net income rises to P94.75 billion in H1
The Government Service Insurance System saw its net income rise by 27.8 percent to P94.75 billion in the first six months, setting it on track to remain financially sustainable until 2058.
Read more →International body recognizes Sustainable Development Goals metrics of Benilde
The 2026 Times Higher Education Sustainability Impact Ratings has ranked De La Salle-College of Saint Benilde across all 17 United Nations’ Sustainable Development Goals.
Read more →Maynilad nears completion of P5.8 billion pipeline project
Maynilad Water Services Inc. is nearing completion of its P5.8-billion pipeline project, allowing improved distribution for customers in the southern part of its concession area.
Read more →Not power but pressure
I have quoted Lord Acton for years, and you probably have as well. “Power tends to corrupt, and absolute power corrupts absolutely.”
Read more →P7.2 trillion budget undergoes tough scrutiny, says DBM
The Marcos administration’s P7.2?trillion national budget for 2027 has undergone rigorous scrutiny, with officials insisting it is no “wish list” as the Department of Budget and Management prepares to submit the spending plan to Congress before Aug. 14.
Read more →Bank loan growth eases to 4-month low in June
Credit growth slowed sharply in June as businesses and households turned more cautious about taking on new debt amid lingering economic uncertainties.
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