Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1860 articles from BusinessWorld
Angat Dam on track to return to normal levels by year’s end
THE Metropolitan Waterworks and Sewerage System (MWSS) said Angat Dam is on track to return to normal water levels by the end of this year, adding that it is hoping the refilling of the reservoir will help cushion the impact of El Niño. In a statement on Thursday, MWSS said the dam’s water level has […]
Read more →Climate groups flag budget tagging, allocation concerns
Environmental groups have raised concerns over the government’s climate spending, saying the proposed 2027 budget remains heavily focused on infrastructure while funding for climate preparedness, social protection and environmental protection remains inadequate. During an online briefing on Wednesday, Aksyon Klima Pilipinas said the proposed climate budget under the 2027 National Expenditure Program (NEP) amounts to […]
Read more →PHL employee turnover seen hitting 20% as workers seek more than pay — AscentHR
Employee turnover in the Philippines could reach 20% this year as workers increasingly prioritize career growth, flexibility and workplace well-being alongside compensation, according to AscentHR chief executive officer and director Subramanyam Sreenivasaiah. AscentHR is a managed HR services and human capital management technology company. The projected rate is higher than estimates for Singapore at 19.3% […]
Read more →SAFC accelerates AI adoption to strengthen customer-centric collections with AI Rudder
As the financial services industry continues to evolve, financing companies are under increasing pressure to improve collections performance while delivering a more customer-centric experience. Rising customer expectations, growing account volumes, and the need for greater operational efficiency are driving organizations to adopt AI-powered solutions that enable more effective and scalable collections. South Asialink Finance Corp. […]
Read more →10 things top executives can only do with ASUS ExpertBook Ultra
For business leaders, work does not stop once they leave the office. Every location may become a workspace. Every conversation may influence the next major investments. That is why they expect more from the computers they carry every day. Performance cannot be the only defining characteristic of a flagship business laptop. Executives also expect mobility, […]
Read more →P860B eyed from VAT, sales tax in ’27
THE NATIONAL GOVERNMENT (NG) expects value-added tax (VAT) and related sales tax collections to rise by 12.8% in 2027, outpacing overall tax revenue growth despite the current weakness in household consumption.
Read more →Philippines may face below-target growth for longer without reforms
THE PHILIPPINES could remain below its growth potential for longer even with the government’s catch-up measures if it does not address the structural issues that are eroding its economic foundation, GlobalSource Partners said.
Read more →IBPAP counting on global capability centers to bolster Philippines’ position as IT-BPM hub
THE IT and Business Process Association of the Philippines (IBPAP) is banking on global capability centers (GCCs) to defend the country’s market share in the global information technology-business process management (IT-BPM) sector and drive growth in higher-value services.
Read more →NCR construction prices jump to nearly 3-year high in July
WHOLESALE PRICES of construction materials in Metro Manila rose to a nearly three-year high in July as costs of concrete products surged, the Philippine Statistics Authority (PSA) said on Wednesday.
Read more →CAB cuts airline fuel surcharge to Level 12 for Aug. 16-31
THE Civil Aeronautics Board (CAB) has lowered the passenger fuel surcharge to Level 12 for Aug. 16-31 from Level 13 in the first half of the month. In an advisory on Wednesday, the CAB said airlines may collect fuel surcharges ranging from P389 to P1,137 for domestic flights under Level 12. For international flights originating […]
Read more →SMIC first-half profit rises 8%; mining exit by 2027 targeted
SM INVESTMENTS Corp. (SMIC) reported an 8% increase in consolidated net income to P45.9 billion for the first half from P42.6 billion a year earlier, as its banking, property, retail, and portfolio investments supported earnings growth, while the conglomerate also targets a complete exit from mining by 2027. Consolidated revenue rose 6% to P339.2 billion […]
Read more →JG 1st half profit falls 29% as fuel, FX pressures hit airline
JG SUMMIT Holdings, Inc.’s attributable net income fell 29% to P10.7 billion in the first half of 2026, as elevated fuel prices and foreign exchange (FX) volatility weighed on its airline business. The listed conglomerate said in a statement on Wednesday that net income from continuing operations declined 47% to P11.4 billion after it booked […]
Read more →Megaworld Q2 profit edges up to P5.65B
MEGAWORLD Corp.’s attributable net income was little changed in the second quarter (Q2), edging up 0.9% to P5.65 billion from P5.60 billion a year earlier, as higher rental and hotel revenues were partly offset by increased operating expenses and interest and other charges. Rental income rose to P5.72 billion from P5.39 billion, while hotel operations […]
Read more →First Gen Q2 income rises 7.5% to P4.79 billion
LOPEZ-LED First Gen Corp. saw its attributable net income rise 7.5% to P4.79 billion in the second quarter (Q2) from P4.45 billion a year earlier, as earnings from continuing operations strengthened alongside sharply higher revenue. Revenue for the three months ended June rose 112.8% to P25.81 billion from P12.13 billion, the company said in its […]
Read more →Cebu Landmasters lines up P25-billion launches as sell-through hits 95%
CEBU Landmasters, Inc. (CLI) is preparing to launch more than 11 projects worth an estimated P25 billion in the second half, as the property developer replenishes residential inventory after its existing portfolio reached a 95% sell-through rate. The planned launches will comprise more than 5,600 units across Cebu, Mactan, Ormoc, Butuan, Davao, and Panglao, the […]
Read more →Apex Mining 2nd quarter profit jumps 49.7% as metal prices offset lower volumes
APEX MINING Co., Inc.’s attributable net income jumped 49.7% to P2.57 billion in the second quarter (Q2) from P1.71 billion a year earlier, as higher gold and silver prices and a favorable foreign exchange effect more than offset lower sales volumes. Gross revenue for the April-to-June period rose 30.3% to P6.52 billion from P5 billion […]
Read more →ABS-CBN to raise P6 billion in new equity
ABS-CBN CORP. plans to raise P6 billion in new equity through subscriptions from three Lopez family investment companies, I&C Holdings Corp., and Lopez, Inc. Crème Investment Corp., Mantes Corp., and Presta Holdings Co., Inc., representing three branches of the Lopez family, have committed to subscribe to a combined P2.2 billion worth of ABS-CBN shares using […]
Read more →ACEN completes NorthWind wind farm refurbishment
RENEWABLE energy producer ACEN Corp. said it has completed a maintenance and refurbishment program for its 52-megawatt (MW) NorthWind wind farm in Ilocos Norte, extending the facility’s operating life by up to 10 years. In a statement on Wednesday, the company said the two-phase program covered all 20 wind turbines at NorthWind, which has been […]
Read more →Vivant Q2 profit drops 27.4% as costs, finance charges rise
CEBU-BASED Vivant Corp. reported a 27.4% decline in attributable net income to P490.09 million in the second quarter, as higher operating costs and finance charges weighed on earnings. In its financial report released on Wednesday, the company reported second-quarter revenue from electricity sales of P2.23 billion, compared with P4.34 billion a year earlier. Power generation […]
Read more →TDF yields extend climb on BSP tightening view
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits climbed for an eighth straight week on weak demand and as the market sees benchmark rates staying higher for longer despite slowing growth as inflation remains elevated. Tenders for the central bank’s term deposit facility (TDF) amounted to P118.998 billion on Wednesday, below the P130-billion […]
Read more →Through the fire and over a grill
SPANISH CHEF Luis Martinez is coming in hot. While his first restaurant under the Nikkei Group, Terraza Martinez, was on the Michelin Selected list last year, two more under his helm have created buzz, both also sporting his name: Sala Martinez and La Taperia Martinez. His name makes an appearance on yet another venture, Brasa […]
Read more →Flood projects to return in next year’s budget amid rains; full audit sought
GOVERNMENT flood management and mitigation projects will return to the national budget in 2027 as the Philippines grapples with widespread flooding caused by the southwest monsoon and tropical cyclones Luis and Maymay, officials said on Monday.
Read more →Analysts say flood probe turnover to Ombudsman practical but risks scrutiny
THE Senate’s decision to defer its investigation into the multibillion-peso flood control scandal to the Office of the Ombudsman is a practical move that could allow lawmakers to focus on legislation, but the probe remains vulnerable to political pressure and public scrutiny, analysts said.
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