Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
9321 articles across all sources
First Gen receives $5-billion takeover proposal for EDC
LOPEZ-LED First Gen Corp. has received an unsolicited, non-binding offer worth $5 billion (about P308 billion) from Indonesia’s PT Barito Renewables Energy (BREN) to acquire its renewable energy subsidiary Energy Development Corp. (EDC), the company said on Wednesday.
Read more →Citicore secures P4.05-B LANDBANK loan for two solar projects
CITICORE Renewable Energy Corp. (CREC) has secured a P4.05-billion loan from the Land Bank of the Philippines (LANDBANK) for the construction of two solar power projects in Pampanga and Nueva Ecija. In a statement on Wednesday, CREC said the loan will fund the development of two 41-megawatt-peak (MWp) solar power projects, each paired with a […]
Read more →His own name
WHILE Myke “Tatung” Sarthou’s face and food from his Simpol channel or his restaurants Lore and Azadore may have somehow made his name familiar, notice how none of those things actually bear his name. Last month, Mr. Sarthou opened his first own restaurant (that is, no partners, no corporate backing) at the Gateway Mall 2 […]
Read more →ICTSI becomes first PSE-listed company to close above P2-trillion market cap
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) became the first company listed on the Philippine Stock Exchange (PSE) to close above the P2-trillion market capitalization mark after its shares climbed to record levels. The port operator ended trading on July 14 with a record market capitalization of P2.01 trillion, marking the first time a PSE-listed company […]
Read more →Don’t waste a drop: How to properly preserve leftover wine
THIS HAPPENS more often than we think. There are nights when we open a bottle just for ourselves — a quiet dinner, a moment of reflection, or simply curiosity about what’s inside a wine bottle. Sometimes we host tastings with family and friends and end up with several half-finished bottles. In both cases, the dilemma […]
Read more →CEB says passenger traffic rose 4.2% in first half
CEBU AIR, Inc. (CEB), operator of budget carrier Cebu Pacific, said its passenger traffic rose 4.24% year on year to 14.50 million in the first half, driven by higher domestic passenger traffic. “June marked a return to year-on-year passenger growth, driven by the continued strength of our domestic network even as we entered the traditional […]
Read more →A fresh take on Filipino comfort food at SMASHED: Longga Bowls and Buns
“AT THE TOP of my mind, there is no longganisa place.” In a sea of modern-fusion cuisines, SMASHED: Longga Bowls and Buns lands right at the center, blending comfort food with culinary hybridity. The restaurant opened its first branch on the second floor of Madison Galeries Lifestyle Mall in Muntinlupa City. The idea began with […]
Read more →ManageEngine bullish on growth in the Philippines
JAKARTA — ManageEngine expects to expand its footprint in the Philippines as it sees developments in the country’s cybersecurity regulations and businesses’ need for technology solutions driving its growth. “We already have a few [people], but we wanted to recruit the right talent. So, we are taking some time,” ManageEngine APAC Regional Director Arun Kumar […]
Read more →Thrift banks expect steady growth in assets, loans
THE THRIFT BANK sector expects sustained asset growth this year as the widening push for financial inclusion will drive credit demand. As of April, the thrift banking industry’s core lending breached P1 trillion as total assets reached P1.4 trillion, while its capital adequacy ratio remained above 17%, Chamber of Thrift Banks (CTB) President Jaime Valentin […]
Read more →ERC denies joint application for Meralco-Sual Power deal
THE Energy Regulatory Commission (ERC) has denied the joint application of Manila Electric Co. (Meralco) and Sual Power, Inc. for the implementation of their proposed 200-megawatt (MW) power supply agreement (PSA), citing the absence of urgency for the additional supply. In a decision dated July 14, the ERC said the evidence presented did not establish […]
Read more →Dining In/Out (07/16/26)
SOLAIRE RESORT NORTH is marking National Tequila Day with a special one-night takeover at its rooftop venue, Skybar, on July 24.
Read more →Average TDF yield edges up on rate hike expectations
THE BANGKO SENTRAL ng Pilipinas’ (BSP) term deposits fetched a higher average yield for a fourth straight week amid expectations of additional policy rate hikes. Bids for the central bank’s term deposit facility (TDF) reached P165.372 billion on Wednesday, well above the P130 billion in seven-day papers auctioned off. This also exceeded the P143.054 billion […]
Read more →Canva’s updated AI-powered coding tools suite now in PHL
VISUAL COMMUNICATION platform Canva has rolled out Canva Code 2.0 in the Philippines, giving users access to artificial intelligence (AI)-powered coding tools. Canva Code 2.0 is now available in the Philippines and globally for all Free, Pro, Business, Enterprise, and Education accounts, it said in a statement. The update to Canva Code, a feature introduced […]
Read more →PHL, US finalize draft for Pax Silica AI hub framework
THE Philippines and the United States are targeting November for the signing of a framework agreement for the proposed artificial intelligence (AI)-native hub under the Pax Silica initiative, according to the Bases Conversion and Development Authority (BCDA). BCDA President and Chief Executive Officer Joshua M. Bingcang said the two countries are finalizing the draft arrangement […]
Read more →Marketing and entrepreneurship, according to Gen Z
Marketing has always been a dynamic, rapidly changing discipline — and this is even more true today. AI may be at the forefront of today’s marketing transformation, but the changes have long had their roots in the internet, digitization, and fundamental changes in markets, in customer behavior, and in people, particularly the youth. Having worked […]
Read more →Peso inches up on soft US consumer inflation
THE PESO appreciated slightly against the dollar on Wednesday as softer-than-expected US consumer inflation data led the market to dial down their US Federal Reserve rate hike bets. The currency rose by 2.4 centavos to close at P61.686 versus the greenback from P61.71 on Tuesday, data on the Bankers Association of the Philippines’ website showed. […]
Read more →The reality of agentic artificial intelligence risks in the modern enterprise
ARTIFICIAL INTELLIGENCE (AI) agents are already inside the enterprise. They are autonomous, non-deterministic, and multiplying.
Read more →GCash partners with KwikCare to offer HMO coverage on app
GCASH has partnered with KwikCare to offer the first health maintenance organization (HMO) coverage available for direct purchase via its app. The plan is available via the e-wallet’s in-app insurance platform GInsure and starts at only P995 a month, GCash said in a statement on Wednesday. It provides access to inpatient, outpatient, emergency, and laboratory […]
Read more →IFC set to invest $100 million in UnionBank’s first sustainable bond
THE INTERNATIONAL Finance Corp. (IFC) is investing $100 million in Union Bank of the Philippines’ (UnionBank) maiden sustainability bond issuance to support lending to micro, small, and medium enterprises (MSME). Proceeds from the bond issue will be used to expand MSMEs’ access to financing through loans, IFC and UnionBank said in a joint statement on […]
Read more →AirAsia Philippines lands on world’s most punctual list
Low-cost carrier AirAsia Philippines made it as the world’s fourth most punctual airline in June, according to aviation analyst OAG.
Read more →Bloomberry rolls out new gaming platform
MANILA, Philippines — Bloomberry Resorts Corp. has formally launched FUNaloMAX, its mainstream premium online gaming platform aimed at expanding its reach beyond its traditional high-end customer base. The company said the platform is designed for younger, mobile-first Filipino players, complementing its existing premium online offering under the Solaire brand, which caters to high-end and premium players. A key feature of FUNaloMAX is its 24/7 live gaming studio, which Bloomberry said was
Read more →Cebu Pacific to light up Starlink WiFi by 2027
Low-cost carrier Cebu Pacific is shaking up the aviation market not just in the Philippines, but in Southeast Asia as a whole, as it will introduce high-speed internet on flights courtesy of Starlink.
Read more →DigiPlus joins Brazil’s IBJR
DigiPlus Interactive Corp. is reinforcing its international presence by joining a regulated betting industry group in Brazil.
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