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Philippines Business News

Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.

1489 articles from PhilStar Business

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PhilStar Business

Stocks sink on heavy selling

The local stock market recorded a steep drop amid strong selling pressure among investors following a rebalancing of the Financial Times Stock Exchange (FTSE).

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PhilStar Business

Ten percent

I was 30,000 feet up, half-watching BBC News, when one headline made the rest of the flight feel very long: a senior AI researcher now puts the odds of AI ending humanity at more than 10 percent, within the next decade.

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PhilStar Business

GCash IPO green light seen as major boost for MSMEs

The Trade and Industry department said the initial public offering of GCash’s parent company, which has now been cleared by the Philippine Stock Exchange (PSE), could further help micro, small and medium enterprises (MSMEs) expand their market reach and advance their entrepreneurial journey.

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PhilStar Business

Ombudsman probes Villars, PrimeWater execs over water district deals

he Ombudsman is investigating members of the Villar family, PrimeWater executives and 32 local water district officials over joint venture agreements involving three water districts.

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PhilStar Business

DTI Coconut Trade Fair generates P309.57M in sales

Proving that trade exhibitions offer far more than simple product exposure, the Department of Trade and Industry’s (DTI) 2026 COCONUTPhilippines Trade Fair generated P309.57 million in total sales.

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PhilStar Business

Pax Silica could boost Taiwan-Philippines tech ties, Taiwan trade chief says

James Huang, chairman of the Taiwan External Trade Development Council, said Taiwanese companies could become partners in efforts to develop an artificial intelligence hub in the Philippines.

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PhilStar Business

Diesel prices could jump by P10 per liter next week

A P10 per liter increase on diesel products may take effect next week.

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PhilStar Business

Smart's new app gives users access to transaction services, deals

Mobile services provider Smart Communications Inc. (Smart) and its value mobile brand TNT on Friday launched its latest app that provides loading, bill payments and daily transaction services to users.

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PhilStar Business

GCash IPO seen to boost Philippine capital market

The scheduled initial public offering (IPO) of GCash parent Mynt Inc. could give the Philippine capital market a significant boost by potentially bringing millions of Filipinos who already use digital financial services closer to stock-market investing, a lawmaker said.

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PhilStar Business

Alternergy eyes P2 billion from notes offering

Alternergy Holdings Corp. is making its debut in the local debt market with the planned issuance of P2 billion worth of fixed-rate notes to expand its renewable energy portfolio.

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PhilStar Business

BIR sets up tax assistance for micro, small businesses

The Bureau of Internal Revenue has rolled out a taxpayer assistance and mentoring program for micro and small businesses in Makati, helping them comply with their tax obligations.

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PhilStar Business

Cebu City flood review allows Monterrazas development to continue

A technical panel formed by the Cebu City local government has allowed Mont Property Group to continue works on its 118-hectare Monterrazas de Cebu project, noting that water retention systems drastically exceed requirements.

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PhilStar Business

DBP: Over half of loans for e-jeep shift past due

State-run lender Development Bank of the Philippines yesterday said about P4.1 billion in debts remain unpaid by jeepney operators who availed themselves of modern units under the government’s Public Transport Modernization Program.

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PhilStar Business

DOE aborts 2026 Semirara coal auction

After nearly five months of delays, the Department of Energy has terminated its 2026 coal bid round, headlined by the country’s largest coal mine on Semirara Island in Antique.

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PhilStar Business

Filinvest Land to dissolve 3 non-operating units

Filinvest Land Inc., the Gotianun family’s real estate unit, is streamlining operations by planning to dissolve three non-operating subsidiaries.

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PhilStar Business

Lower InstaPay fees spur digital payments – study

Removing InstaPay transfer fees doubled transaction activity among DiskarTech users and increased it by about 30 percent among Pulz users, according to a study showing how charges can influence Filipinos’ use of digital payments.

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PhilStar Business

Majority rule

Indulge me a little in arguing my position on the current hot legal topic: the voting of the Senate impeachment court.

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PhilStar Business

Manila Water speeds up metro subway relocation works

Manila Water is advancing the relocation of critical water and sewer infrastructure affected by the Department of Transportation’s Metro Manila Subway Project, helping pave the way for the country’s first underground rail system while ensuring the continued delivery of reliable water and wastewater services to customers.

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PhilStar Business

Matnog Port in line for P2.2 billion upgrade

The Philippine Ports Authority has allocated P2.2 billion to expand some of the facilities in Luzon’s busiest crossing for roll-on, roll-off (Roro) vessels.

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PhilStar Business

Nestlé expands Batangas chocolate milk factory

Nestlé Philippines has spent nearly P500 million to expand its Chuckie chocolate milk drink manufacturing facility in Tanauan, Batangas.

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PhilStar Business

NGCP: P23.5 billion grid projects set for completion

The National Grid Corp. of the Philippines is targeting completion of six power transmission projects totaling P23.5 billion this year, NGCP spokesperson Cynthia Alabanza said.

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PhilStar Business

Philippines targets higher sales at China-ASEAN Expo

The Philippines is aiming to generate higher sales from its participation at the China-ASEAN Expo this year compared to last year, according to the Department of Trade and Industry.

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PhilStar Business

Protecting ube

The Department of Agriculture has imposed an indefinite ban on the export of fresh ube to protect our planting materials amid booming global demand. It may have been too late or not enough.

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PhilStar Business

Rural Bank of Santa Maria renamed Billease Bank

The Rural Bank of Santa Maria in Ilocos Sur has been renamed Billease Bank Inc., marking another step in consumer finance platform Billease’s expansion into banking following its acquisition of the lender.

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