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
US hits Philippine exports with 12.5% tariff
The United States has slapped a fresh 12.5% tariff on Philippine exports after concluding that Manila has yet to ban goods made with forced labor from entering its market.
Read more →100,000+ users and growing: SkyroCredit expands access to everyday spending across the Philippines
More than 100,000 Filipinos already use SkyroCredit for purchases ranging from fast food and groceries to medicines and gas.
Read more →78% of Filipino workers use AI, but worry about weaker thinking
There are AI tradeoffs that Filipino workers are starting to feel.
Read more →SB Finance, CCA partner to make culinary education more accessible through Education Assistance Program
Through the Education Assistance Program, aspiring culinary and hospitality professionals now have one less barrier standing between passion and profession.
Read more →Students ask Supreme Court to stop tree-cutting for Manila SALEX project
Petitioners question a Public-Private Partnership Code provision used by the Regional Trial Court.
Read more →BCDA: 0ver 30 firms interested in Pax Silica project
About 30 companies have expressed interest in investing under Pax Silica, a US-led project to be launched in New Clark City, which is expected to generate as much as P75 billion in annual tax revenues and 190,000 jobs, an official said yesterday.
Read more →Budget gap widens to P786.8 billion in H1
The Philippines booked a wider budget deficit of P786.8 billion in the first half, but still below the programmed level as revenue collection growth outpaced state spending.Data from the Bureau of the Treasury showed that the government’s budget shortfall from January to June was 2.8 percent higher than last year’s P765.5 billion.
Read more →Global retail leaders headline 32nd NRCE
As the Philippine Retailers Association celebrates its milestone 50th anniversary, it brings together four of Asia’s most respected business leaders for the 32nd National Retail Conference and Expo (NRCE) on Aug. 6–7, at the SMX Convention Center Manila.
Read more →Gokongwei-Gotianun group bags OPS for regional airports
The Gokongwei and Gotianun families have received original proponent status (OPS) from the government to take over three regional airports at a higher cost of P21.61 billion.
Read more →Labor productivity and wages
Calls for a suspension in the implementation of the minimum wage increase order have centered on the claim that there is a lack of productivity gains to support it.
Read more →Lopez stocks surge on white knight buy-in
Share prices of most Lopez-led companies listed on the Philippine Stock Exchange surged yesterday after a white knight reportedly made an initial payment for its planned entry into the Lopez empire.
Read more →Pag-IBIG housing loans surge to P69.2 billion
Housing loan releases by Home Mutual Development Fund or Pag?IBIG Fund climbed by 15 percent to P69.19 billion in the first half from P60.25 billion a year ago, lifted by a surge in socialized housing under the Expanded Pambansang Pabahay para sa Pilipino Program (Expanded 4PH).
Read more →Reviving the movie theater experience
Tomorrow is a weekend already and not many will want to read another business story.
Read more →Sales of xEVs more than double, close in on passenger cars in H1
While total car sales in the first half fell by 11 percent year-on-year, demand for electrified vehicles (xEVs) more than doubled during the period, industry data showed.
Read more →Shares rebound on bargain hunting
Investors went on bargain-hunting mode yesterday to power the local stock market to a win after a two-day decline.
Read more →Villars open to donating land for LRT-1 extension
The Villars are open to donating a parcel of their land in Las Piñas City to the government so that the final leg of the Light Rail Transit Line 1 Cavite Extension can be finished soon.
Read more →BSP grants digital bank license to MariBank
In its circular dated July 22, the BSP’s Monetary Board said that it approved the request of MariBank to upgrade its banking license from a rural bank to a digital bank.
Read more →AIA Philippines, MediCard unveil integrated employee benefits offering combining healthcare and life protection
Group Life + HMO responds to this need by combining MediCard comprehensive healthcare coverage with group life insurance from AIA Philippines.
Read more →What happens after you contact Olymptrade support? A look behind the scenes
To mark Customer Support Day, Olymptrade spoke with members of its customer support team about what happens after a user reaches out for assistance.
Read more →48 power providers in PH charge above average residential power rate — NGO
Filipinos are paying more in their electricity bills than the national average.
Read more →Upgraded Philippines still trails ASEAN peers in investor confidence
Philippines reached upper-middle-income status but it is still behind neighbors in competitiveness.
Read more →ADB, Japan set up water security fund for Asia-Pacific
The Asian Development Bank ( and Japan have launched a new fund to strengthen water security in developing countries across Asia and the Pacific, including the Philippines.
Read more →BIR issues rules on creditable withholding tax
The Bureau of Internal Revenue has issued a clarification on the application of creditable withholding tax to top withholding agents amid transactions involving manufacturers and direct importers of covered goods intended for wholesale.
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