Philippines Business News

Airtripmaker is Launching its travel platform with a Newly Redesigned Website by introducing enhanced coverage for Travel Service

Airtripmaker is Launching its travel platform with a Newly Redesigned Website by introducing enhanced coverage for Economy, Premium Economy, Business Class & First-Class Travel Service Germantown, Maryland, July 19, 2026 (GLOBE NEWSWIRE) -- Airtripmaker, a leader in Travel Industry, is thrilled to announce the official launch of its newly redesigned website at https://www.airtripmaker.com. The new site features a modern design, improved functionality, and easy access to essential information to

US concludes ninth straight round of strikes on Iran

Griffin Global Asset Management Announces the Delivery of the First of Six Boeing 737 MAX 8 Aircraft on Long-Term Lease to VietJet Group

DUBLIN, July 19, 2026 (GLOBE NEWSWIRE) -- Griffin Global Asset Management ("Griffin”) is pleased to announce the delivery of the first of six Boeing 737 MAX 8 aircraft on long-term lease to VietJet Group. "We are pleased to welcome VietJet as a new customer and look forward to supporting their operations for many years to come,” said Jose Kling, Head of Commercial for Asia Pacific for Griffin Global Asset Management. "These new-technology Boeing 737 MAX 8 aircraft are well suited for VietJet’s f

SOUEAST S08 DM Delivers "Extra-Time Range” for Football Fans’ Journeys

WUHU, China, July 19, 2026 (GLOBE NEWSWIRE) -- During this globally anticipated football season, for fans traveling with family and friends, the SOUEAST S08 DM offers a comprehensive mobility solution built around four key strengths: long range, low fuel consumption, fast charging and a flexible, spacious cabin. Cross-City Match Trips, Comfort at Every Mile For cross-city match trips, the S08 DM delivers a combined range of more than 1,000 km on a full tank and a full charge, enough to cover int

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BIR, BoC upbeat on revenue targets

THE PHILIPPINE government’s main revenue-generating agencies are confident of meeting their revised full-year targets, after posting higher collections in the first half of the year. Bureau of Internal Revenue (BIR) Commissioner Charlito Martin R. Mendoza said faster economic growth in the second half of the year will boost tax collection. “Hopefully, our infrastructure spending […]

Renewed Middle East conflict revives fuel excise tax suspension debate

RENEWED UPWARD PRESSURE on global oil prices has revived calls for the Philippine government to suspend excise taxes on petroleum products, although experts remain divided on whether such a move would be effective.

Philippine banks likely to see higher volumes after waiving transfer fees

BANKS’ MOVE to waive fees for retail fund transfers to comply with new rules from the Bangko Sentral ng Pilipinas (BSP) could slightly dent their revenues but still end up boosting profits on the back of higher transaction volumes and better customer retention. BSP Circular 1238, which took effect on July 4, requires financial institutions […]

Philippine financial system’s resources up nearly 10% as of May

THE PHILIPPINE financial system’s resources jumped by nearly 10% higher year on year as of May on the back of record-high assets and strong lending activity, analysts said.

Political uncertainty pressuring peso – ING

POLITICAL uncertainty amid Vice President Sara Duterte’s impeachment trial could dampen investor confidence, delay economic reforms and keep pressure on the peso even as inflation eases, ING Economics said. In a commentary, the research unit of the global financial giant said the country’s political developments had added another source of uncertainty for investors at a time when the Bangko Sentral ng Pilipinas (BSP) was still battling lingering inflation risks. “At the same ti

PH financial system resources hit P37.6T in May

THE Philippine financial system’s resources totaled P37.64 trillion in the first five months of the year, up 9.9 percent from P34.22 trillion a year earlier, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP). The figure excludes the BSP’s own resources. The five-month tally already exceeds full-year totals in recent years: P37.13 trillion in 2025; P34.17 trillion in 2024; P31.52 trillion in 2023; and P29.04 trillion in 2022. Banks accounted for the bulk, with r

Q2 earnings, oil prices to weigh on sentiment

INVESTORS could trade cautiously this week as they balance rate hike expectations against risks posed by the US-Iran war while also awaiting second-quarter corporate results. The benchmark Philippine Stock Exchange index (PSEi) climbed 1.87 percent week on week to close at 6,404.11 last Friday, buoyed by softer-than-expected US inflation that strengthened expectations the Fed could keep interest rates steady. Philstocks Financial Inc. research manager Japhet Tantiangco said waning concerns over

Supermarkets group warns of higher prices

PRICES of basic commodities could go up following renewed hostilities in the Middle East, the head of a supermarkets group warned. “I believe manufacturers and retailers alike will adjust prices accordingly and do what needs to be done to stay afloat,” Philippine Amalgamated Supermarkets Association (Pagasa) President Steven Cua told The Manila Times on Sunday. “Much as we want to, we can’t subsidize the government forever,” he added. Cua was responding to a stateme

P1.3T in excess liquidity absorbed by BSP to keep rates on target

THE Bangko Sentral ng Pilipinas (BSP) siphoned off around P1.3 trillion in excess liquidity from the financial system in June, ensuring that short-term market interest rates remained aligned with its policy stance despite tighter monetary conditions. In its June 2026 Monetary Policy Report, the central bank said its monetary operations effectively kept the overnight reverse repurchase (RRP) rate closely tracking the target RRP rate. The BSP has kept monetary policy tight as it seeks to bring inf

Cayetano belongs in jail, says Lacson

SEN. Panfilo Lacson on Sunday slammed Sen. Alan Peter Cayetano for attacking his integrity and vowed to put him in his "proper place" — in jail. In his Facebook livestreaming on Saturday, Cayetano questioned the increase in Lacson's declared net worth, which he said seemed to have doubled based on his Statement of Assets, Liabilities and Net Worth (SALN) in 2025 compared to that in 2022. "My integrity is my first and last line of defense, and I will fight to defend it with all my might. Se

SM Prime expands Xiamen mall, focuses China strategy on Fujian

XIAMEN CITY, China — SM Prime Holdings, Inc. is expanding its first mall in China with a new P1.5-billion retail development as it narrows its China expansion strategy to Fujian province, where it said the company has established strong brand recognition. The property developer will launch the 19,403-square-meter (sq.m.) CHAO Block at SM Xiamen City, […]

ArteFino marks a decade of making Filipiniana cool

IN 2017, ArteFino, one of the fairs in the lifestyle circuit, created a buzz by showcasing artisanal Filipino crafts. Different fairs have different goals and back in 2018, ArteFino co-founder Cedie Lopez Vargas said, “What we’re trying to put the spotlight on are the artisans and the crafts themselves.” She and a handful of other […]

DoE says EDC bid must not affect power supply bid must not affect power supply

THE Department of Energy (DoE) said it will assess the potential impact of the proposed $5-billion (about P308 billion) acquisition of Energy Development Corp. (EDC), the country’s largest geothermal power producer, if the transaction pushes through. The agency has yet to receive formal notice of the proposed deal, but Energy Secretary Sharon S. Garin said […]

DoE says EDC bid must not affect power supply

THE Department of Energy (DoE) said it will assess the potential impact of the proposed $5-billion (about P308 billion) acquisition of Energy Development Corp. (EDC), the country’s largest geothermal power producer, if the transaction pushes through. The agency has yet to receive formal notice of the proposed deal, but Energy Secretary Sharon S. Garin said […]

Culture and history woven anew in The M

LIVES ARE LIVED within the folds of clothing. More than just fabric stitched together, garments carry traces of identity, tradition, and history. Through fashion, cultures, craftsmanship, and design intersect wherein threads are created to connect people across borders and generations — such as the Philippines and Japan. This intersection takes center stage in Threads of […]

Moving people toward electric

WITH THE increased adoption and openness of the local automotive market to electrified options — particularly after the onset of the US-Iran war — Hyundai Motor Philippines (HMPH) recently grew its hybrid portfolio further with the introduction of Staria Hybrid offerings.

Looking beyond the gloom

WE CHEERED as Alex Eala broke into Round 3 of the 2026 Wimbledon Championships by defeating the defending champion Iga Swiatek in straight sets.

PhilWeb adds Newport to gaming platform roster

PHILWEB CORP. and Travellers International Hotel Group, Inc. have launched NWR Play, an online gaming platform supporting Newport World Resorts’ expansion into the regulated online gaming market. NWR Play runs on PhilWeb’s Online Gaming Platform (OGP), which integrates gaming content, cloud-based infrastructure, platform operations, customer support, and regulatory compliance tools into a single operating environment. […]

Yukata dressing, pottery class, games mark Mitsukoshi BGC’s 3rd year

MITSUKOSHI BGC had a grand opening launch in July 2023, following a soft opening in 2022. With its opening, it brought Japan’s first-ever department store to the Philippines.