Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
300 articles from BusinessWorld
Philippines needs to grow at least 3.7% to hit target
THE PHILIPPINE ECONOMY must grow by at least 3.7% on average in the remaining three quarters of the year to meet the government’s revised growth target, the Department of Economy, Planning, and Development (DEPDev) said. “For us to achieve the 3.5% (growth) target for the year, the average for the last three quarters must be […]
Read more →Elevated oil prices may keep core inflation sticky — Nomura
ELEVATED OIL PRICES could keep core inflation sticky through second-round effects even as headline inflation is expected to ease in June, Nomura Global Markets Research said. In a July 3 report, Nomura Research Analyst Harrington Zhang said the country’s core inflation may have quickened to 4.5% last month from 4.1% in May and 2.2% a […]
Read more →DoF sees BoC collections rising in 2nd half
THE DEPARTMENT of Finance (DoF) expects government reforms and stronger economic activity in the second half to lift the Bureau of Customs’ (BoC) revenue collections for the rest of 2026.
Read more →ACEN brings Dutch investor into second India RE project
ACEN CORP. has agreed to sell up to a 49% stake in another renewable energy (RE) project in India to Dutch investor Diamond India Renewables One B.V. (DIRO), expanding their partnership following a similar transaction last month. In a regulatory filing on Monday, Unlimited Renewables Holdings B.V. (URH), ACEN’s wholly owned subsidiary, said it had […]
Read more →Treasury bill rates drop across all tenors with inflation seen easing
THE GOVERNMENT fully awarded the Treasury bills (T-bills) it offered on Monday as average yields dropped across all tenors, with investors betting on slower June headline inflation. The Bureau of the Treasury (BTr) raised P60 billion as planned from the T-bills it auctioned off as total tenders reached P136.841 billion, over twice as much as […]
Read more →First Gen secures NIA approval for 120-MW pumped storage project
FIRST GEN CORP. has secured authorization from the National Irrigation Administration (NIA) to develop its planned 120-megawatt (MW) Aya Pumped Storage Project in Pantabangan, Nueva Ecija, clearing a key regulatory hurdle for the project. In a statement on Monday, the Lopez-led power producer said it had signed a 25-year memorandum of agreement (MoA) with NIA […]
Read more →Filipino comics: staying alive and diverse
WHILE Philippine comics no longer holds the same influence in local pop culture as before, the industry lives on through a vibrant independent scene that is starting to be recognized abroad.
Read more →Chinabank taps Paywatch for earned wage access offering
CHINA BANKING CORP. (Chinabank) has partnered with financial technology company Paywatch to launch an earned wage access solution as it looks to expand its offerings beyond traditional banking products. Earned Wage Access Plus (EWAP) is a solution that allows employees to access a portion of their earned salaries before payday for their cash needs so […]
Read more →PLDT expands Bohol network with 11 new sites
PLDT INC. has expanded its rural connectivity program with the activation of 11 new fourth-generation (4G) long-term evolution (LTE) sites in Bohol, as the telecommunications company (telco) continues its nationwide network rollout in underserved areas. In a statement on Monday, PLDT said the new sites were activated in the municipalities of Maribojoc and Antequera to […]
Read more →Peso falls as market awaits June CPI
THE PESO weakened again versus the dollar on Monday as players took positions before the release of June Philippine inflation data. The local unit closed at P61.491 per dollar, dropping by 7.6 centavos from its P61.415 finish on Friday, Bankers Association of the Philippines data posted on its website showed. The peso opened Monday’s session […]
Read more →AI and the quest for resiliency and sustainability
In the contemporary discourse on sustainability and resilience, artificial intelligence (AI) is often extolled as a technological oracle, a panacea capable of deciphering the complexities of climate change, predicting disasters and orchestrating adaptive strategies. Yet beneath this veneer of promise lies a constellation of limitations that demand sober reflection. To entrust the fate of humanity’s […]
Read more →PNB says property unit continues listing preparations
PHILIPPINE National Bank (PNB) said its property arm PNB Holdings Corp. (PHC) continues to prepare for its proposed listing by introduction on the Philippine Stock Exchange (PSE), while the timing of the transaction remains under review. In a disclosure on Monday, PNB said PHC is undertaking the documentation and other preparatory requirements for the proposed […]
Read more →Entertainment News (07/07/26)
PRIME VIDEO unveils its July lineup, featuring a diverse mix of global and local titles across series, animé, documentaries, and films.
Read more →Developer financing props up condo market, analysts say
DEVELOPERS’ flexible financing schemes are helping sustain the condominium market despite a decline in residential home loans, with property analysts attributing the disconnect to buyers using in-house payment arrangements before obtaining bank mortgages. Their comments came after condominium prices rebounded 11.1% quarter on quarter even as residential home loans declined, a disconnect they attributed to […]
Read more →Malayan Insurance to offer travel policies via buy now, pay later firm Atome’s app
MALAYAN Insurance Co., Inc. has partnered with Atome to offer travel insurance plans on the buy now, pay later (BNPL) provider’s platform. Under the partnership, Atome users can purchase Malayan Insurance’s travel policies with prices starting at P89 via the Atome app, the nonlife insurer said in a statemnt on Monday. The integration is powered […]
Read more →AC Health’s Healthway opens 18th multi-specialty center
HEALTHWAY MEDICAL NETWORK (HMN), Inc. has expanded its multi-specialty outpatient network to 18 centers nationwide after opening its flagship facility at One Ayala in Makati City, as the company accelerates its expansion strategy. The healthcare provider, a unit of Ayala Healthcare Holdings, Inc. (AC Health), said on Monday that it plans to expand its network […]
Read more →Meralco cites misinformation as it joins media literacy campaign
MANILA ELECTRIC CO. (Meralco) cited misinformation and disinformation affecting the power distributor as it joined MediaQuest Holdings, Inc.’s THINKaMuna Pilipinas campaign to promote media and information literacy among employees and customers. Representatives of Meralco and MediaQuest signed a memorandum of agreement on Monday formalizing the power distributor’s participation in the advocacy campaign. Joe R. Zaldarriaga, […]
Read more →The value of mixed-use development in urban living
By Felino Palafox, Jr. IMAGINE an urban community where everything you need is reachable within a five-minute walk from your doorstep. This is how we envisioned Rockwell Center when we did the architecture, design, and master-planning in 1998. In a time when projects were limited to shopping malls, gated subdivisions, or condominium and apartment buildings, […]
Read more →BSP looks to complete wCBDC roadmap this year
THE BANGKO SENTRAL ng Pilipinas (BSP) could complete the roadmap for the country’s wholesale central bank digital currency (wCBDC) by October, a senior central bank official said. BSP Deputy Governor Mamerto E. Tangonan said it will take them three more months to finish and approve the strategic roadmap for the wholesale BSP-issued digital currency. “Give […]
Read more →VP Sara’s impeachment trial opens after Escudero is elected to preside
THE Senate on Monday elected Senator Francis Joseph “Chiz” G. Escudero to preside over the impeachment trial of Vice-President (VP) Sara Duterte-Carpio, settling an early procedural dispute before prosecutors opened their case against the country’s second-highest official.
Read more →Marcoleta arrested for plunder before VP trial
SENATOR Rodante D. Marcoleta, a key ally of Vice-President (VP) Sara Duterte-Carpio, was arrested on Monday, hours before the Senate was set to begin her impeachment trial, after the Sandiganbayan Third Division found probable cause to proceed with the plunder case against him and three co-accused.
Read more →US to include Philippines in RIMPAC drills at sea
THE US will include the Philippines in all at-sea activities during this year’s Rim of the Pacific (RIMPAC) exercises, underscoring Washington’s confidence in its treaty ally’s growing maritime capabilities. “We are confident in their ability as partners here at RIMPAC, and they will be incorporated in each and every one of our events during the […]
Read more →Diesel, kerosene to rise by over P3/L
MOTORISTS may see higher fuel costs this week, with diesel and kerosene prices increasing by more than P3 per liter (L), according to the Department of Energy. In a briefing on Monday, Energy Secretary Sharon S. Garin said gasoline prices may roll back by as much as P1.75 per liter or increase by up to […]
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