PhilStar Business
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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
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PhilStar Business
Tonik expands AI adoption with AI Rudder, strengthening customer engagement and operational efficiency
The growth of digital banking in Southeast Asia has transformed how financial institutions connect with customers.
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AMRO keeps Philippines growth outlook, lowers inflation forecast
The Association of Southeast Asian Nations Plus 3 Macroeconomic Research Office has maintained its growth forecasts for the Philippines for this year and the next, even as it lowered its inflation outlook for the year.
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Banks rack up P208 billion profits Up 5.2% in H1
The Philippine banking industry booked a net profit of P208.39 billion in the first half, up by 5.2 percent from P198.14 billion in the same period last year, as stronger interest earnings offset higher operating costs.
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BDO earns P40.7 billion in 6 months
BDO Unibank Inc. saw its first-half earnings edge higher to P40.7 billion as double-digit loan growth and stronger core revenues offset higher provisions set aside for emerging credit risks.
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Building what’s next
Today, Manila hosts the ASEAN Tech Summit 2026, where one of the region’s most important conversations on technology and finance begins.
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Converge tops Ookla’s fixed broadband metrics
Fiber broadband and technology provider Converge ICT Solutions Inc. ranked as the country’s best internet service provider with fastest internet and unrivaled latency score based on Ookla’s Speedtest Intelligence report for the first half of 2026.
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Green auction eyed for off-grid areas
The Department of Energy is planning to launch a competitive bidding round for renewable power projects in remote, off-grid areas.
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ICTSI’s Poland terminal welcomes largest vessel
Recent infrastructure upgrades have enabled International Container Terminal Services Inc. container terminal in Poland to handle the largest vessel to call the Gdynia port.
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Lucio Co firm starts P6.7 billion Primewater rehab program
Crystal Bridges Holdings Corp., a holding firm owned by the family of retail tycoon Lucio Co, has earmarked more than P6.7 billion for the initial phase of its rehabilitation and expansion program for Primewater Infrastructure Corp., following the completion of its acquisition of the water utility in May.
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Meat imports up 33% in H1
The entry of imported meat into the country reached over 870,000 metric tons in the first half of the year, driven by rising pork shipments.
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MREIT readies biggest asset infusion
MREIT Inc. is undertaking its biggest asset infusion to date through a P27-billion property-for-share swap transaction as part of efforts to further diversify its asset mix.
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PAGCOR decoupling to cost health care up to P2.1 billion yearly
The privatization of Casino Filipino, operated by the Philippine Amusement and Gaming Corp., may strip the Universal Health Care (UHC) program funding of about P1.7 billion to P2.1 billion annually, according to local firm Geronimo Law.
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PSEi returns to 6,300 level as Mideast tensions ease
Shares edged higher yesterday, marking a successful return to the 6,300 level, as declining oil prices buoyed investor sentiment.
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Razon-Pacquiao group’s Socoteco bid gains traction
Tycoon Enrique Razon Jr. and boxing legend Manny Pacquiao are a step closer to partnering with South Cotabato II Electric Cooperative to modernize its aging power distribution system.
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SunAsia to invest P12 billion for Laguna Lake solar farms
SunAsia Energy Inc. is committing over P12 billion to develop two utility-scale floating solar projects across Laguna Lake.
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The suggestion box is a lie (and what to do instead)
How can you reject the following statement? The person operating the machine, staring at the glitchy spreadsheet or dealing with the cranky customer always knows exactly how to fix the problem.
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Marcos says rocket launch test set in Cagayan in 2027
President Ferdinand Marcos Jr. on Monday, July 27, announced that the Philippines is set to conduct a rocket launch test in Cagayan next year in partnership with a South Korean aerospace company, as the administration pushes to establish the country's foothold in the space industry.
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Marcos says Pax Silica hub to create jobs, boost competitiveness
President Ferdinand Marcos Jr. on Monday, July 27, said the Philippines is making its way into strategic and emerging industries, citing the proposed Pax Silica Industrial Hub as the centerpiece of the country's push to build an artificial intelligence-driven economy.
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12 MRT-7 stations set to open next year, vows Marcos
The new line is planned to run from North Avenue to Sacred Heart, reaching San Jose del Monte, Bulacan.
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Marcos: PH to turn to Malampaya, hydrogen, nuclear in energy push
President Marcos Jr. is eyeing wider energy mix as Malampaya drilling resumes.
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Marcos uses SONA to demand end to electricity systems loss fees
The line drew the loudest response of his address so far, with prolonged applause.
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Marcos' SONA pitch: Tax relief to raise middle class workers' take-home pay
(Updated) President Marcos Jr. made a major legislative request, calling on Congress to widen tax relief for the middle class.
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As Santa Rosa grows, SMDC sees a new kind of residential opportunity emerging in the South
A good residential location in the Philippines was often defined by its proximity to Metro Manila.
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