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
Charo Santos-Concio likely returning to ABS-CBN boardroom
Veteran producer Maria Rosario “Charo” Santos-Concio is up for election again as board director of media giant ABS-CBN Corp., hoping she can help turn the company around.
Read more →DoubleDragon eyes REIT listing in Singapore
DoubleDragon Corp., the listed company chaired by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, intends to join Singapore’s real estate investment trust (REIT) landscape with the listing of a SGD 300-million company.
Read more →‘Inflation to remain well above target’
Inflation could either ease or accelerate in July from the previous month, but is expected to remain well above the government’s target as elevated fuel and electricity costs and a weaker peso continue to put pressure on consumer prices.
Read more →Metrobank H1 profit inches up to P24.9 billion
Metropolitan Bank and Trust Co. (Metrobank) saw its earnings remain broadly steady in the first half as stronger interest income was partly offset by weaker trading gains and higher provisions for potential credit losses.
Read more →MGEN commits P20.3 million for community programs
Meralco PowerGen Corp. and One Meralco Foundation have formalized a P20.3-million commitment to support community development programs across Luzon and Visayas.
Read more →Pag-IBIG bags COA’s highest audit opinion for 14th straight year
The Home Development Mutual Fund, commonly known as the Pag-IBIG Fund, received the highest evaluation granted by the Commission on Audit for its financial statements.
Read more →Purpose curiosity and AI
At many commencement ceremonies in the United States this year, speakers who mentioned artificial intelligence were met with boos from some graduates.
Read more →Same old story
It’s the same old sob story – Filipino rice farmers receiving very low prices for their palay despite the high cost of production on one end and rice consumers paying high retail prices for this staple on the other.
Read more →Shares tumble anew on cautious trading
The local stock market capped off the week in the red zone, declining for a second straight session as investors maintained their cautious stance as they wait for key macroeconomic data releases next week.
Read more →Inflation could hit 5.6% to 6.6% in July — BSP
Bangko Sentral ng Pilipinas said the inflation rate in July could fall within 5.6% to 6.6% range.
Read more →Aboitiz Equity Ventures Q2: Net income +40% YoY on strong AP, UBP
AEV earnings rose as stronger Aboitiz Power and UnionBank results offset infrastructure losses.
Read more →The Filipino retirement plan starts in the family group chat—and leads to the good life
In many countries, retirement planning is treated as a personal milestone. One decides where to live, how to spend the years ahead, and what kind of lifestyle to pursue.
Read more →'Saddened' DOLE chief to comply with P85 NCR wage hike suspension
Workers now wait as court halts P85 Metro wage hike
Read more →British Chamber welcomes role of ecozones in attracting investors
The fifth State of the Nation Address highlighted the role of the country’s economic zones in attracting more investments throughout the Philippines that further boost market opportunities in various sectors.
Read more →DOE forms joint task force to remove VAT, system loss charges from electricity bills
The Department of Energy has created an inter-agency Joint Task Force alongside key power sector regulators and distributors to carry out the president’s directive to eliminate system loss charges and their corresponding Value-Added Tax from monthly electric bills.
Read more →AEV profit soars in H1 on strong core businesses
Aboitiz Equity Ventures Inc., the listed holding company of the Aboitiz Group, saw its profit surge by more than half in the first semester on the back of strong performance of its power and banking business units.
Read more →Banks more cautious, but see steady lending standards in Q3
Most Philippine banks expect lending standards and loan demand to remain broadly steady in the third quarter, signaling continued stability in the financial system despite persistent geopolitical uncertainty, according to the Bangko Sentral ng Pilipinas.
Read more →DA, IPOPHL to create GI roadmap for farm products
The Department of Agriculture and the Intellectual Property Office of the Philippines are set to create a geographical indication (GI) roadmap for the country’s farm products.
Read more →Government debt climbs to record P19.1 trillion
The national government’s outstanding debt rose to a new record high of P19.07 trillion as of end-June, overshooting its year-end projection, driven by net availment of both domestic and external borrowings, the Bureau of the Treasury said.
Read more →Haus Talk investing P4.2 billion for 37-hectare Rizal township
Property developer Haus Talk Inc. is investing about P4.2 billion to develop one of its largest projects to date, a 37-hectare integrated economic township across Angono and Teresa, Rizal.
Read more →Hiraya Water starts P600 million rehab program in Dasmariñas City
Hiraya Water Corp., formerly known as PrimeWater Infrastructure Corp., has launched a P600-million capital expenditure program to rehabilitate and expand the water distribution system in Dasmariñas City in Cavite, marking the first major infrastructure rollout under its new ownership by Crystal Bridges Holdings Corp.
Read more →ICTSI secures PPA OK to extend MICT concession
Logistics giant International Container Terminal Services Inc. is maintaining its control over the country’s largest cargo infrastructure by another 25 years.
Read more →Japan power giant joins Razon, Lopez in 600-MW Wawa hydropower project
Osaka-based Kansai Electric Power Co. Inc. is making its first overseas pumped storage hydro (PSH) investment in the Philippines, joining tycoons Enrique Razon Jr. and Federico Lopez in a large-scale project in Rizal.
Read more →