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
DTI sees exports topping 2025 growth
The Department of Trade and Industry remains optimistic that total merchandise exports this year would grow faster than last year’s 15-percent expansion.
Read more →LEC, Pax Silica ‘next big thing for Philippines
The Luzon Economic Corridor and the Pax Silica alliance are set to be the Philippines’ next big thing in terms of job and economic opportunities after the country’s business process outsourcing boom.
Read more →PhilGuarantee, CBS ink P20 billion guarantee facility
State-owned Philippine Guarantee Corp. and China Bank Savings Inc. signed a P20-billion housing retail guarantee facility, marking another significant step in strengthening housing finance accessibility in the country.
Read more →Philippines seals landmark trade pact with Chile
The Philippines has concluded negotiations for a free trade agreement with Chile, marking the country’s first free trade deal in Latin America.
Read more →Pru Life UK unveils new product with guaranteed payouts
Pru Life UK has introduced a new insurance plan offering guaranteed payouts, as Filipinos seek predictable income amid market volatility.
Read more →Archaic laws on bank deposit secrecy
With two years left in BBM’s administration and the 20th Congress, the amendment to the country’s bank secrecy laws will most definitely soar to the top of the list of priority legislation for enactment into law.
Read more →Doing great work nobody noticed
I once heard about a consultant who delivered what he privately considered the finest strategic report of his career.
Read more →Ecozone investments hit P152 billion in 7 months
Investments approved by the Philippine Economic Zone Authority rose by 70 percent from January to July, driven by the country’s push to expand its export capabilities.
Read more →I-Remit raises P20 million via share issuance
Listed remittance firm I-Remit Inc. is raising P20 million in fresh capital by issuing new shares to support its short-term funding needs, following an emergency board meeting.
Read more →ICTSI expands Brazil footprint with acquisition of 2 terminals
Logistics giant International Container Terminal Services Inc. has acquired another unit in Brazil for $130 million, taking over dry bulk ports handling agricultural imports.
Read more →Indonesia reassures Philippines of steady coal supply
The government has secured Indonesia’s commitment to maintain a steady coal supply as the Philippines grapples with the global oil crisis and Southeast Asia’s highest electricity rates.
Read more →MariBank becomes 7th digital bank in Philippines
MariBank Philippines Inc. has become the country’s seventh licensed digital bank, leaving three slots under the Bangko Sentral ng Pilipinas ceiling of 10 digital banks.
Read more →Nearly 50 power utilities charge higher rates – think tank
— The Philippines already has Southeast Asia’s highest average residential electricity rate, yet consumers served by 48 on-grid power utilities are paying even more.
Read more →PCA seeks additional P1.26 billion for replanting program
The Philippine Coconut Authority is seeking P1.26 billion in additional funding to meet its coconut-replanting target this year to replace aging trees.
Read more →Philippines keeps US sugar quota, gets 2nd highest allocation
The Philippines has secured a 145,235 metric ton raw value export quota for raw cane sugar to the United States, according to the Office of the US Trade Representative.
Read more →PLDT data centers ready to store top-secret government data
Telco giant PLDT Inc. is ready to support the government in its policy to house highly sensitive information within the Philippines to strengthen national security and promote data residency.
Read more →PNB earnings up 17% to P14.6 billion in H1
Lucio Tan-led Philippine National Bank posted a 17-percent increase in first-half net income as stronger lending activity, higher fee-based revenues and improving asset quality helped offset a volatile operating environment.
Read more →Singapore’s Ikhlas Capital eyes more Philippine investments
After betting on the Philippines’ cold chain logistics and banking sectors, Singapore-based Ikhlas Capital is scouting for its next investments, including opportunities with Filipino conglomerates.
Read more →SM on track to meet emissions reduction goal
SM Investments Corp., the parent company of the SM Group, is confident about achieving its emissions reduction goal, saying that it is on track with its target given ongoing initiatives across its businesses and investments in renewable energy and energy efficiency.
Read more →Stocks slip on new US tariffs, record low peso
The local stock market ended the week in the red territory, finishing slightly lower yesterday as the United States imposed new tariffs on Philippine exports and the peso sank to a new record low.
Read more →US slaps new tariffs on Philippines 59 partners
Philippine exports to the United States are set to face a new 12.5-percent tariff after the Trump administration imposed duties on trading partners accused of failing to block goods made with forced labor. The Office of the US Trade Representative announced yesterday (Manila time) new tariffs of 10 percent and 12.5 percent on 60 economies, including the Philippines, after a months-long probe into alleged gaps in enforcing forced labor bans.
Read more →British Chamber backs Philippines' bid to join Pacific trade pact
The British Chamber of Commerce Philippines welcomes the preparatory discussions among countries, including the Philippines, Indonesia and the United Arab Emirates (UAE) on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
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