Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1489 articles from PhilStar Business
Arthaland cuts preferred share offer to P2.5 billion
Real estate developer Arthaland Corp. is reducing its upcoming preferred share offering to P2.5 billion and extending the offer period.
Read more →Australian-backed firm invests P3.3 billion in Batangas solar cell plant
Australian-backed renewable energy (RE) company Philippine Aurion Solar Technologies Inc. has invested over P3.34 billion in a solar cell manufacturing facility at the First Philippine Industrial Park (FPIP) in Sto. Tomas, Batangas.
Read more →‘BSP rate hike still possible’
Persistent risks from El Niño and volatile oil prices could keep further interest rate increases on the table despite easing inflation, although banks differ on whether the Bangko Sentral ng Pilipinas (BSP) needs to tighten policy again this year.
Read more →Earnings of DigiPlus seen recovering next year
Earnings of DigiPlus Interactive Corp. are expected to recover next year, supported by organic growth and contributions from the consolidation of International Entertainment Corp. (IEC) and overseas investments, Moody’s Ratings said.
Read more →Economic growth beyond Metro Manila
I met a woman who works at a salon in Pasig.
Read more →ERC orders price cap on Visayas and Mindanao spot power rates
Electricity spot rates in the Visayas and Mindanao could settle below P9 per kilowatt-hour from nearly P20 per kWh after regulators acted on what they described as “extraordinarily high” prices.
Read more →Honda Philippines hits 10 million motorcycle milestone
Honda Philippines Inc. (HPI) hit a milestone as it rolled out the 10-millionth motorcycle produced at its manufacturing facility in Batangas.
Read more →MUFG Manila starts universal banking operations
MUFG Bank Ltd.’s Manila branch began operating as a universal bank on Sept. 1 following an upgrade of its banking license approved by the Bangko Sentral ng Pilipinas (BSP).
Read more →Nickel Asia unit buys 20 percent of Kazakhstan copper mine
A unit of listed mining firm Nickel Asia Corp. (NAC) has completed the acquisition of a 20-percent stake in a Kazakhstani copper mine, as it broadens its mining portfolio amid the all-time high price for the mineral.
Read more →PNB Holdings may tap market for follow-on offer next year
PNB Holdings Corp. (PHC), the property arm of Lucio Tan’s Philippine National Bank, may tap investors through a follow-on offering as early as next year, provided market conditions improve and the fund raising coincides with the launch of a major project or acquisition.
Read more →PPA orders rehab of risk-prone ports
The Philippine Ports Authority (PPA) has committed to elevate the resilience capacity of ports by raising their ground levels and turning to sturdier materials to survive calamities.
Read more →Stocks fall on rising oil prices, record low peso
The local stock market tumbled amid concerns over rising oil prices, compounded by the peso plunging to a fresh record low.
Read more →The leadership aperture
There has been a quiet change in the meaning of leading.
Read more →Migrating abroad soon? Do these 5 financial steps before leaving the Philippines
Permanent migration is one of the biggest life decisions many Filipinos can make.
Read more →GCash IPO gets SEC green light
The Securities and Exchange Commission has already approved Mynt’s planned initial public offering, or IPO, clearing the way for the company behind GCash to offer shares to the investing public.
Read more →Fuel prices may climb further past P100 next week
Another round of oil price hike next week.
Read more →ACS Manufacturing goes green with ACEN
Soap and toothpaste maker ACS Manufacturing Corp., is powering its operations with clean energy through ACEN Corp.
Read more →Ang, Aboitiz, Lopez firms seal power deals with ECs
Some 29 electric cooperatives across Luzon and the Visayas are set to procure baseload power from companies controlled by tycoons Ramon Ang, Sabin Aboitiz and Federico Lopez.
Read more →ATI brings new cranes to Manila South Harbor
Port operator Asian Terminals Inc. has brought in more rubber-tired gantry cranes into the Manila South Harbor, building on recent projects to scale up capacity.
Read more →Ber-na
It seems that Bangko Sentral ng Pilipinas Deputy Governor Berna Romulo-Puyat has seeped into the Filipino psyche (or perhaps more into the local business psyche for now) as one of the early harbingers of the Philippine Christmas season, alongside Jose Mari Chan and his Christmas ditty.
Read more →BSP dangles incentives to boost sukuk market
The Bangko Sentral ng Pilipinas (BSP) is proposing to ease bank fundraising through Islamic financial instruments and offer temporary regulatory incentives to help develop the domestic market. Under a draft circular, eligible banks will be allowed to issue sukuk for funding or operational purposes without prior BSP approval.
Read more →EV sales seen charging up 11% this year
Electric vehicles are expected to continue gaining traction in the Philippines and outperform the overall automotive industry, with sales projected to grow by 11 percent this year amid high fuel costs, according to research and analysis firm BMI.
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