Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1846 articles from BusinessWorld
PAL’s 50-year franchise renewal bill clears House
THE HOUSE of Representatives on Wednesday approved on third and final reading a bill seeking to renew Philippine Airlines, Inc.’s (PAL) legislative franchise for another 50 years. House Bill (HB) No. 10545 received 250 affirmative votes, three negative votes, and one abstention, according to the results announced during the House plenary session. The measure seeks […]
Read more →Top Line taps second EV partner to broaden fuel station revenue streams
CEBU-BASED Top Line Business Development Corp. has tapped a second electric vehicle (EV) charging partner as it seeks to broaden revenue streams from its growing fuel-station network. In a statement on Wednesday, the listed fuel retailer said it signed a memorandum of understanding with Japan-based Jigowatts, Inc. for the initial deployment of EV charging stations […]
Read more →Gov’t bond yields jump as risk-off sentiment deepens
THE GOVERNMENT made a partial award of the reissued Treasury bonds (T-bonds) it offered on Wednesday as yields climbed on broad risk-off sentiment amid the re-escalation of the Middle East conflict. The Bureau of the Treasury (BTr) borrowed P29.561 billion from the reissued 20-year bonds, just short of the P30-billion target despite total tenders reaching […]
Read more →Prime Infra names SierraCol Chairman Hayward to board
RAZON-LED Prime Infrastructure Capital, Inc. (Prime Infra) has appointed SierraCol Energy Ltd. Chairman Tony Hayward to its board as the infrastructure company expands its presence in international markets. In a statement on Wednesday, Prime Infra said Mr. Hayward joined its board effective Aug. 10. The appointment follows Prime Infra’s acquisition of SierraCol, Colombia’s largest independent […]
Read more →Term deposit yields rise on hawkish BSP
THE BANGKO SENTRAL ng Pilipinas’ (BSP) term deposits fetched higher a higher average yield on Wednesday despite stronger demand, after its latest policy rate hike and with the market pricing in further tightening. Tenders for the seven-day term deposit facility (TDF) reached P140.675 billion, exceeding the P120 billion auctioned off and the P105.824 billion in […]
Read more →Ayala Land consolidates nationwide estate business
AYALA LAND, Inc. (ALI) will integrate its Urban Estates and Regional Estates businesses under the AyalaLand Estates Group starting Jan. 1, 2027, consolidating the management of its nationwide estate operations under Jaime Z. Urquijo. In a regulatory filing on Wednesday, the listed property developer said the reorganization is intended to strengthen its long-term growth strategy […]
Read more →Western Union taps JuanPay to expand remittance access in the Philippines
WESTERN UNION has partnered with JuanPay to expand access to its remittance services in the Philippines. Under the partnership, Western Union’s services will be made available at JuanPay’s 2,000 branches, starting with an initial rollout planned across 1,400 locations. The collaboration combines Western Union’s global financial network spanning more than 200 countries and territories with […]
Read more →PLDT named Company of the Year at Quill Awards
PANGILINAN-LED PLDT Inc. was named Company of the Year at the 22nd Philippine Quill Awards after securing 21 awards for its communications programs and initiatives. The listed telecommunications company received eight Awards of Excellence and 13 Awards of Merit, PLDT said in a media release on Wednesday. “At PLDT and Smart, we’d like to think […]
Read more →Samsung S26 FE now in the Philippines
THE SAMSUNG Galaxy S26 FE is now official in the Philippines, completing the series lineup. Launched last week, the Galaxy S26 FE is priced at P46,990 for the 128GB model, P53,990 for 256GB, and P67,990 for 512GB. The phone’s memory is at 8GB across all variants. It comes in three colors, Blueberry, Graphite, and Pistachio, […]
Read more →Deadly Nepal flood and the price of staying standing
CLIMATE CHANGE has acquired a problem of persuasion. Those of us who work on natural resources and climate risk are routinely cautioned against sounding apocalyptic. Doom, we are told, is a poor currency for engagement: repeat the word “catastrophe” often enough and urgency curdles into fatalism.
Read more →Wrong turn during Chinese craving works out for the better
WE WERE on our way to a neighborhood favorite Chinese restaurant last month when a sign down Congressional Ave. led us to Binondo Boys instead.
Read more →AirAsia-Pegasus deal widens Europe access for Filipino travelers
FILIPINO TRAVELERS are set to gain more connecting options to Europe after Malaysian low-cost carrier AirAsia entered its first codeshare agreement with Türkiye-based Pegasus Airlines, linking their networks through Istanbul. The agreement comes as the Philippines and Türkiye move to expand air connectivity following recently concluded bilateral air talks. “By connecting our extensive network across […]
Read more →SM plans Harrison Plaza floor for local, emerging designers
SM SUPERMALLS plans to allocate a floor of the redeveloped Harrison Plaza in Manila to local and emerging designers as it shapes parts of the mall around younger consumers, company President Steven T. Tan said. “We focus on the youth,” Mr. Tan told reporters on the sidelines of the company’s Mid-Year Business Review on Tuesday. […]
Read more →More choices, not just ‘free,’ is what really protects Filipino consumers
AS BIG BANKS waive transfer fees, it’s worth remembering that a healthy mix of financial companies, not a single free option, is what has kept costs down and services improving for ordinary Filipinos.
Read more →Fish below, power above
Some years back, I visited a farm in Bataan planted with both mangoes and rice, alongside a fishpond. On the farm was a swimming pool filled with untreated water drawn by pump from a nearby well. That same water irrigated the surrounding rice land and mango farm, and filled the pond. What struck me as […]
Read more →Fogo de Chão announces new location as it marks its first year
SINCE the announcement that it was coming to our shores back in 2022, our chops were already watering for Fogo de Chão’s signature slices of meat barbecued Brazilian-style. After finally opening in 2025, it celebrates one year of filling up Filipinos’ stomachs. During lunch on Aug. 14 (it opened on Aug. 18), we were introduced […]
Read more →Motorists get NLEX toll rebates as Marcos orders relief for flooded route
MOTORISTS using a stretch of the North Luzon Expressway (NLEX) will not have to pay toll starting on Wednesday after flooding in Pampanga caused days of severe traffic congestion, Malacañang said.
Read more →SC: Homeowners’ groups can penalize unpaid dues but can’t block road access
HOMEOWNERS’ associations may impose penalties on members who fail to pay association dues, but they cannot prohibit them from using subdivision roads and other common areas, the Supreme Court (SC) has ruled.
Read more →AIIB commits $200 million for Metro Manila’s flood control projects
THE Metropolitan Manila Development Authority (MMDA) has secured an initial $200-million funding commitment from the Asian Infrastructure Investment Bank (AIIB) to help build five priority flood catchment projects under its flood management program. MMDA Chairman Romando “Don” S. Artes said the priority sites are Camp Aguinaldo, Miriam College, Remedios Circle, Rajah Sulayman Park and the […]
Read more →Senate clears anti-nepotism contract bill
THE Senate has approved on third and final reading a bill that would bar relatives of public officials within the fourth civil degree of consanguinity or affinity from participating in government contracts and projects. Fifteen senators voted to pass Senate Bill No. 1962, or the proposed Government Contracting and Procurement Integrity Act, which seeks to […]
Read more →Oil reserve measure filed in Senate
SENATOR Lorna Regina B. Legarda has filed a bill authorizing the government to perform measures preventing energy market abuse by allowing the Department of Energy (DoE) to examine fuel inventories and prescribe temporary pricing during fuel emergencies. “Monitoring is different from regulating. In normal times, the DoE must know the true state of supply, costs, […]
Read more →Poa: No CIF used in VP programs
VICE-PRESIDENT (VP) Sara Duterte-Carpio’s legal spokesperson Michael T. Poa said no confidential and intelligence funds (CIF) from the Department of Education (DepEd) were given to the Armed Forces of the Philippines (AFP) for youth activities despite AFP certifications attached to the VP’s liquidation reports. “Yes, I confirm that… As to confidential funds,” Mr. Poa, who […]
Read more →Jinggoy to pursue legal remedies
SENATOR Jose “Jinggoy” P. Ejercito Estrada, Jr. said he would pursue legal remedies after the Sandiganbayan allowed former Public Works Secretary Manuel M. Bonoan to be dropped as a co-accused in the plunder case against him. “While I respect the decision of the Sandiganbayan, I wish to emphasize that there remain legal remedies available to […]
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