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
Foreign investments down 18% in 6 months
Foreign direct investment inflows into the Philippines rebounded in June from a year earlier, but first-half inflows remained lower as foreign companies reduced lending to their local affiliates and reinvested less of their earnings.
Read more →Government urged to use AI for good governance
The government should mandate its institutions and public servants to use artificial intelligence to improve services, strengthen oversight and protect public resources, a leading think tank said.
Read more →Index slips below 6,100 on rising oil prices
The local stock market slipped as rising global oil prices and its impact to inflation dampened investor sentiment.
Read more →Megawide invests P3 billion in Cavite precast plant
Engineering and infrastructure company Megawide Construction Corp. is investing P3 billion to develop a new precast facility in Cavite that will more than double its production capacity.
Read more →PPA OKs P1.75 billion funding for new port, infrastructure upgrades
The Philippine Ports Authority has alloted P1.75 billion for the upgrade of two terminals in Luzon and Mindanao and the construction of a new one in Visayas as part of its push to scale up maritime infrastructure.
Read more →RCBC doubles Billease credit line to P1 billion
Rizal Commercial Banking Corp. has doubled its credit line to Billease to P1 billion, expanding local bank funding for the consumer lender as it grows its business and reduces reliance on offshore borrowing.
Read more →Robinsons Supermarket expands in Bohol, opens first store in Panglao
Robinsons Supermarket, the flagship supermarket business of Robinsons Retail Holdings Inc. (RRHI), has entered one of the country’s most sought-after tourism and leisure destinations with the opening of its first store in Panglao, Bohol.
Read more →Security Bank targets 12% ROE by 2029
Security Bank Corp. is targeting a return on equity of 12 percent by 2029 as it shifts its focus from balance sheet expansion to improving profitability, efficiency and the quality of its growth.
Read more →Spain, EU join Luzon Economic Corridor
The Luzon Economic Corridor initiative has welcomed the European Union and Spain as its newest partners.
Read more →Uniqlo opening 3 new stores in Philippines
Japanese retail giant Uniqlo is set to open three stores to strengthen its presence in the Philippines.
Read more →Up to 300,000 hectares eyed to boost palm oil production
The Department of Agriculture is looking to develop about 300,000 hectares of palm oil plantations to boost local production and reduce dependence on imports.
Read more →US agency to upgrade airport screening at NAIA
The US Trade and Development Agency and New NAIA Infrastructure Corp. have signed an agreement to modernize the security screening at the country’s main international gateway.
Read more →‘Weak peso may erode appeal of Philippines bonds to foreign funds’
With the peso emerging as the worst performing currency in Asia, rising currency risk could dim the appeal of Philippine bonds to foreign investors, potentially offsetting their yield advantage and pushing investors to demand a higher risk premium, Manulife Investments Philippines said.
Read more →Midea champions innovation and industry excellence, earns multiple Quill awards
This commitment was recently recognized at the recent 22nd Philippine Quill Awards, where Midea received three awards for its milestone dealer and installer technician engagement initiatives, namely “Together Future Ready: 2025 AC Specialist Convention” and “Midea Club.”
Read more →Saan aabot ang Pag-IBIG mo? SMDC, Pag-IBIG Fund MOU brings homeownership closer to Filipinos
The SMDC × Pag-IBIG Fund MOU brings together selected Pag-IBIG-accredited SMDC projects, buyer education, and planned homebuyer programs for Filipino workers here and abroad.
Read more →'Negative na': Small Manila businesses cut staff, take loans over steep garbage fees
One to two trash bags a day, P60,000 garbage bill: Manila businesses are crying foul over new garbage fees.
Read more →Banks’ bad loan ratio rises to 3.35% in July
The share of bad loans held by Philippine banks edged higher in July as some households and businesses continue to feel the strain of high borrowing costs and elevated inflation.
Read more →BIR allows VAT refunds for exporters
Qualified export-oriented enterprises may claim refunds for value-added tax paid on eligible local purchases and imports while waiting for their zero-rating certification from the Department of Trade and Industry, the Bureau of Internal Revenue said.
Read more →BYD overtakes entire 2025 sales in 8 months
Sales of BYD Cars Philippines surged by 99 percent from January to August, surpassing its full-year sales last year, amid sustained demand for new energy vehicles.
Read more →NAIA landing new direct flights to China, Israel
A wider international coverage is coming into the country’s main gateway through early-2027, as Chinese and Israeli carriers are arriving to mount direct flights to unserved markets.
Read more →Over 100K unenergized homes targeted in microgrid auction
Some 101,468 households in far-flung areas could finally gain access to reliable electricity through the Department of Energy (DOE)’s upcoming microgrid auction.
Read more →Pag-IBIG, SMDC team up for home financing program
Pag-IBIG Fund has partnered with property developer SM Development Corp. (SMDC) to widen housing options available through the government’s Expanded Pambansang Pabahay para sa Pilipino Program.
Read more →Philippines generates $290 million sales from Hong Kong fruit expo
The Philippines generated $290.71 million in export sales from its participation in the 2026 Asia Fruit Logistica event in Hong Kong, according to the Department of Agriculture (DA).
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