Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
9530 articles across all sources
THE DEVELOPMENT Budget Coordination Committee (DBCC) trimmed its tax revenue projections for this year, as it cut the Bureau of Internal Revenue (BIR) target by 1% amid expectations of slower economic growth. Data from the DBCC showed it cut its overall revenue projection for 2026 by 0.33% to P4.807 trillion, equivalent to 15.78% of gross […]
Read more →THE PHILIPPINES has secured a $60-million (around P3.7-billion) grant from the US Millennium Challenge Corp. (MCC) to support reforms aimed at improving energy security, electricity sector governance, and the investment climate, the Department of Finance (DoF) said. In a statement on Thursday, the Finance department said the country was selected for the MCC Threshold Program, […]
Read more →SM PRIME HOLDINGS, Inc. has expanded its South Road Properties (SRP) estate in Cebu City with the opening of the P7-billion SM Seaside Cebu Arena, which the company said marks the next phase of its integrated development in the area. The property developer formally introduced the arena to trade, industry, and corporate partners on Thursday. […]
Read more →THOSE who grew up in the 1990s will remember Pokémon fondly, whether the trading cards, the video games, or the animé. Pikachu and the rest of the adorable, fighting “pocket monsters” established themselves as a fixture on both Game Boy and television screens, and haven’t left the pop culture consciousness since. Back at the beginning, […]
Read more →THE Court of Tax Appeals (CTA) En Banc upheld two First Division rulings granting Petron Corp. partial refunds of excise taxes on petroleum products sold to tax-exempt entities after denying separate appeals filed by the oil company and the Commissioner of Internal Revenue (CIR). In two separate decisions, both promulgated on July 2, the tax […]
Read more →BDO UNIBANK, Inc. wants to raise up to P5 billion via its second ASEAN Sustainability Bond issuance for the year, it said on Thursday. The Sy-led bank on Thursday began an offering of 1.5-year bonds with a coupon rate of 6.26% per annum, it said in a disclosure to the stock exchange. The offer period […]
Read more →DEL MONTE PACIFIC LTD. (DMPL) said management’s assessment that the group can continue operating is supported by the performance of its Philippine business, continued access to revolving credit facilities, and ongoing debt restructuring efforts. The company made the statement in a disclosure posted on the Philippine Stock Exchange (PSE) on Thursday in response to queries […]
Read more →THE 22nd edition of the Cinemalaya Independent Film Festival is set to screen full-length and short films once more at the Shangri-La Plaza mall in Mandaluyong City. It will also bring back talkbacks, book launches, and the Philippine Premiere section, where newly made films will make their screen debut.
Read more →RAZON-LED International Container Terminal Services, Inc. (ICTSI) has completed the acquisition of Brazil-based general and bonded warehousing and multimodal logistics company Companhia Regional de Armazéns Gerais e Entreposto Aduaneira (CRAGEA) through its unit IRB Holdings Ltda., expanding its logistics business in Brazil. In a regulatory filing on Thursday, the listed port operator said all conditions […]
Read more →ARANETA CITY in partnership with the Quezon City Government gives the spotlight to food, crafts, fashion, home essentials, and other unique finds from Quezon City’s micro, small, and medium enterprises at the Quezon City MSME Week 2026 Trade Fair which is ongoing until July 10 at the Activity Area, Upper Ground Floor, Gateway Mall 1.
Read more →THE BANGKO SENTRAL ng Pilipinas (BSP) is unsure if they will be able to release operating licenses to new digital banking players within the year amid a lengthy vetting and approvals process. Speaking to reporters on the sidelines of an event on Wednesday, BSP Deputy Governor Lyn I. Javier, who heads its Financial Supervision Sector, […]
Read more →PHILWEB CORP. has entered into an exclusive partnership with iGaming software provider Pragmatic Play to provide the company’s gaming services to licensed gaming operators in the Philippines through PhilWeb’s technology platform. In a statement on Thursday, PhilWeb said it will provide hosted services through its remote technology infrastructure and application programming interface (API)-enabled integration, allowing […]
Read more →MORE FINANCIAL institutions have waived their fund transfer fees in line with the central bank’s push to lower digital transaction costs. Metropolitan Bank & Trust Co. (Metrobank) and its thrift bank arm Philippine Savings Bank (PSBank) have made online interbank fund transfers via InstaPay and PESONet free starting on Thursday (July 9). Metrobank said InstaPay […]
Read more →TikTok Shop is strengthening its Beauty category through its Seoul Glow K-Beauty Campaign on July 10, bringing together a curated selection of Korean skincare and makeup brands on the platform. The campaign reflects the continued rise of discovery e-commerce, making it easier for beauty enthusiasts to engage with K-Beauty brands through creator-led content. It also underscores the continued growth of […]
Read more →TOPLINE EQUITY CORP. said its subsidiary Topline Offshore Inc. has formed a joint venture with Singapore-based Aesen Pte. Ltd. to provide integrated maritime services for offshore energy and marine infrastructure projects in the Philippines. In a media release on Thursday, the listed company said the joint venture, Aesen Topline Offshore Corp., combines Topline Group’s local […]
Read more →ATOME PHILIPPINES has closed a P5-billion wholesale credit facility with Asia United Bank Corp. (AUB) to fund its continued expansion. Proceeds will mainly be used to expand the Atome PayLater Anywhere Card, which it said has been issued to over three million Filipinos to date. The loan facility also adds a peso-denominated line to its […]
Read more →The Philippines once again faces one of those defining moments that test not merely its politics but the resilience of its constitutional democracy. At such moments, the issue is seldom confined to the fortunes of one public official. What is ultimately being tested here is whether democratic institutions continue to function as envisioned by the […]
Read more →MAHARLIKA INVESTMENT CORP. (MIC) and Philippine National Oil Co. (PNOC) have signed a memorandum of understanding (MoU) to study the development of a petroleum storage tank farm in Bataan as part of efforts to strengthen the country’s energy security. In a statement on Thursday, MIC said the MoU establishes a framework for cooperation on the […]
Read more →THE PESO sank further against the dollar on Thursday following hawkish signals from minutes of the US Federal Reserve’s June policy meeting and worries over the ceasefire deal between the United States and Iran. The currency fell by 10 centavos to close at P61.605 per dollar from P61.505 on Wednesday, based on data on the […]
Read more →Business teams, investment bankers and legal counsel are all likely familiar with the concept of due diligence. Due diligence is essentially an investigation into the risks of a proposed project and can cover not only legal or financial matters, but even technical and operational ones. Due diligence findings can find their way into the transaction […]
Read more →AT LEAST seven in 10 Filipinos distrust banks even as more individuals express openness to saving and investing using financial platforms, a recent survey showed. Based on the latest Prosumer Report of communications firm Havas Ortega Group, 70% of the individuals it polled said they believe financial institutions tend to prioritize their vested interests over […]
Read more →The Bangko Sentral ng Pilipinas has given Ayala-led Bank of the Philippine Islands the green light to merge its thrift banking arms.
Read more →The Bataan Peninsula State University has widened its academic curriculum with the addition of the College of Law, the first and only state-funded legal education institution in the province.
Read more →BDO Unibank Inc. is returning to the domestic bond market to raise at least P5 billion from its sixth peso-denominated ASEAN Sustainability Bonds issue, as the country’s largest bank continues to diversify funding sources for sustainable finance and lending activities.
Read more →