Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1488 articles from PhilStar Business
Globe ramps up mobile, network connectivity
Globe Telecom said it is expanding its network infrastructure and exploring satellite direct-to-cell technology to improve mobile connectivity.
Read more →El Niño damage to agriculture hits P6.8 billion
Agricultural damage has reached P6.8 billion this year as several areas struggle with dry spells linked to the very strong El Niño phenomenon in recent months.
Read more →Peso breaches 63-level vs dollar, hits record low
The Philippine peso breached the P63:$1 level for the first time on Thursday, hitting a fresh record low against the US dollar amid renewed tensions in the Middle East.
Read more →BSP revamps capital rules for banks’ fraud, cyber risks
The Bangko Sentral ng Pilipinas has adopted a new framework for determining how much capital banks must maintain against losses from fraud, cyberattacks and operational failures, with full implementation set for December 2027.
Read more →Business group pushes reforms in 10 priority areas
The country’s largest business organization is pushing for reforms in 10 priority areas to attract investments and create domestic value and benefits that reach communities beyond major corridors.
Read more →Converge clinches triple win at HR Asia Awards
Leading fiber broadband and technology provider Converge ICT Solutions Inc. is strengthening its reputation as an employer of choice in the Philippines, earning three major recognitions at the 2026 HR Asia Best Companies to Work for in Asia Awards for its commitment to employee engagement, Diversity, Equity, Inclusion (DEI) and workplace sustainability.
Read more →DA cancels P700 million rice shipment from Vietnam
Agriculture Secretary Francisco Tiu Laurel Jr. said the Department of Agriculture (DA) had ordered the cancellation of the import permit for a P700-million rice shipment from Vietnam, days before the vessel arrived in the Philippines.
Read more →DA mobilizes LGUs to boost ube output
To boost local ube production, the Department of Agriculture is teaming up with local government units to create better export opportunities for growers and meet rising global demand.
Read more →El Nino effect: Double-digit decline in palay output seen
The country’s palay or unmilled rice harvest is projected to decline by 17 percent in the third quarter, according to the Philippine Statistics Authority.
Read more →Harm reduction and taxation can go together
Last weekend, I attended the 1st ASHRA Congress: Harm Reduction in the Asia-Pacific Rim, at the Sapporo Convention Center in Sapporo, Hokkaido, Japan. It was organized by the Asia-Pacific Society of Harm Reduction and Addiction (ASHRA), composed mostly of physicians, psychologists, neurosurgeons, psychiatrists and other health professionals.
Read more →Pag-IBIG extends home financing program to Rockwell Land units
Rockwell Land Corp. has partnered with Pag-IBIG Fund to offer homes across different price segments, including premium residences under the Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) program.
Read more →PAGCOR profit to drop below P5 B this year
The Philippine Amusement and Gaming Corp. expects its net income to fall below P5 billion this year from P17.47 billion in 2025, weighed down by higher mandatory remittances to the government’s sports agency and weaker gaming revenues amid slowing consumer spending.
Read more →Philippines fiber linkage among lowest in Asia-Pacific
The Philippines has one of the lowest penetration rates for fiber-to-the-home services in Asia-Pacific, as Filipinos prefer mobile data due to its cheaper pricing.
Read more →Philippines pitched as Asia’s subsea cable corridor
The Philippines, with its strategic location, has the potential to become a convergence point for submarine cables, but this would require investing in high-value assets, according to telco giant PLDT Inc.
Read more →Readiness for Super El Niño
It is the middle of October, well into the “ber” months, when mornings are supposed to turn cool and Christmas songs play in the background. But this year, the weather has not kept to the calendar. The heat and dry air make us feel as if the dry season never really left, with only a few intermittent downpours to interrupt it.
Read more →Stocks plunge anew as IMF flags growth risk
The local stock market suffered a steep decline, losing for a second straight session amid lingering economic concerns raised by the International Monetary Fund.
Read more →Tubig Pilipinas resumes stock trading
The Philippine Stock Exchange Inc. has lifted the trading suspension on shares of Tubig Pilipinas Holdings Inc., formerly Coal Asia Holdings Inc., after nearly 10 months.
Read more →ERC suspends reserve market
The ERC suspended reserve market trading indefinitely, raising uncertainty over power generators' earnings and future reserve pricing.
Read more →IMF outlook points to a shallow, uneven recovery
The IMF sees Philippine growth slowing to 3.4% in 2026, with higher unemployment and inflation risks weighing on the recovery.
Read more →Attracting investments
BBM must really think so poorly of us to claim he made his recent Singapore F1 Grand Prix trip to bring in investments. Indeed, other presidents before him justified their expensive foreign junkets the same way and we always just rolled our eyes.
Read more →BSP trims BOP deficit forecasts for 2026, 2027
The Philippines may post narrower balance of payments deficits for the next two years than earlier expected, although elevated fuel costs, geopolitical tensions and uneven global growth are still seen weighing on the country’s external position, the Bangko Sentral ng Pilipinas said.
Read more →‘Complete secrecy’ in Semirara coal auction flagged
Semirara Mining and Power Corp. has criticized what it claims is “complete secrecy” surrounding the award of a new operating contract for the country’s largest coal mine.
Read more →ERC suspends power reserve market
The Energy Regulatory Commission has temporarily halted Reserve Market operations to curb persistently high ancillary service prices, especially in the Visayas.
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