Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
274 articles from Rappler Business
Why BPI asked AMLC to delete P2-B worth of transactions from Duterte-Carpio records
A BPI system bug allegedly inflated transactions linked to Manases Carpio, Vice President Sara Duterte’s husband, to more than P2 billion, prompting the bank to ask the AMLC to delete 13 records
Read more →[Ask the Tax Whiz] Will the new audit rules protect honest taxpayers?
Wealth growth alone does not prove evasion. Legitimate sources must be checked, and due process observed.
Read more →PSE enters new territory with GCash’s IPO. But to thrive, it must go further.
GCash’s incoming record-setting IPO hints at a stock market opening itself to asset-light enterprises, but is still far from embracing high-growth tech
Read more →Credit cards, move over: Filipinos really love buy now, pay later
BNPL is running red-hot, enough for one top player to turn itself into a bank and snag one of the government’s former highest paid official for its board. Rappler sits down with TransUnion to unpack the boom.
Read more →Meet Jaime Tan Cruz, business partner of the Duterte family
Here are the ties that bind Jaime Tan Cruz to Vice President Sara Duterte, Davao City Mayor Baste Duterte, Congressman Pulong Duterte, and former president Rodrigo Duterte.
Read more →[Vantage Point] The road to plenty: Four titans and the battle for the Santa Rosa peso
Four of the country’s most powerful corporate dynasties—Ayala, SM, Villar, and Gokongwei—are converging on a single corridor to fight over household wallets in a growth area in Laguna
Read more →Converge package offers 0% commission fees for 3 months on TikTok Shop
Converge ICT Solutions, DTI, and TikTok Shop launch SellerPlus, offering new online sellers a three-month commission-free period and essential tools to boost their e-commerce ventures
Read more →[Vantage Point] GCash at P6.60: Did investors finally get their price?
Millions of Filipinos already trust GCash to move their money. The IPO asks whether they should trust it with their investment capital.
Read more →[In This Economy] The nothing burger that is the Maharlika Investment Fund
While Maharlika is earning money, its reliance on short-term placements and investments in established businesses leaves the promised additional development benefits unclear
Read more →Cesar Virata, Marcos-era prime minister and finance chief, dies at 95
(1st UPDATE) The dictator’s longtime finance chief and one of his top technocrats, Cesar Virata had deep ties to the Ferdinand E. Marcos regime even as he sometimes pushed back against Imelda Marcos and powerful cronies over project spending and economic policy
Read more →GCash prices Philippines’ biggest-ever IPO at P6.60 per share
The IPO now moves to its October 6 to 12 public offer period, when retail investors will be able to subscribe to shares at the P6.60 price
Read more →Have P5,000? You can invest in RTB 32 and earn 6.8% per year
When the common public purchases these bonds, they are not merely performing a civic duty; they are securing a reliable, wealth-building vehicle to shield their savings from inflation and market volatility.
Read more →NGCP ends years-long fight over regulatory fees with ERC
The regulator did not disclose the total amount covered under its compromise agreement with the grid operator, how much of the fees had already been collected, and how much is left to collect
Read more →Dennis Uy loses Donatela resort after foreclosure, another blow to shrinking empire
The luxury Bohol resort has been turned over to Landbank as Dennis Uy’s company struggles to overcome its overwhelming debt burden
Read more →Leandro Leviste’s ABS-CBN stake is shrinking, and so is everyone else’s
The expansion of the equity pie alters the corporate math for all outsiders
Read more →[In This Economy] Investment options sa panahon ng mataas na inflation
Marami nang options ngayon sa pag-iinvest. Piliin ang produktong bagay sa goals mo at sa kung kailan mo kailangan ang pera.
Read more →Why everyone wants a piece of the Lopez group’s Energy Development Corp.
The Lopez group, through First Gen, bought Energy Development Corp. from the government in 2007 and has spent the 19 years since learning how deep the asset actually goes
Read more →No more VAT on system loss in electricity bills starting October
While the VAT removal is still welcome relief, expect savings to be modest as the much larger underlying system loss charge is unlikely to disappear from electricity bills anytime soon
Read more →World Bank: 4Ps a ‘far more effective’ program for reducing poverty
Rather than being merely the ayuda program critics sometimes portray it as, the Pantawid Pamilyang Pilipino Program may actually have the 'strongest demonstrated poverty-reduction impact among major transfer programs,' according to the World Bank
Read more →[Vantage Point] Philweb’s risky bet on JKS, and why it must put cards on the table
Philweb’s investment in JKS rests on a valuation that raises questions
Read more →[Ask the Tax Whiz] The BIR sent an audit notice. What now?
A fair audit requires cooperation from taxpayers and accountability from examiners
Read more →After Gabby sold to Ramon Ang, Piki Lopez is securing the family’s crown jewels
Gabby Lopez' branch turned part of their inheritance into cash—and put some of it toward keeping ABS-CBN alive. Their cousin Piki Lopez is securing control over what remains below.
Read more →Philippines should fix tax gaps and procurement, not raise tax rates – WB
Procurement reforms alone – such as bundling demand and placing orders in bulk – could save the government up to P435 billion annually
Read more →