Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
9558 articles across all sources
SEC OKs San Miguel’s P30-B preferred share offering
THE Securities and Exchange Commission (SEC) has approved the registration of San Miguel Corp.’s (SMC) follow-on offering of preferred shares worth up to P30 billion. In a July 7 meeting, the SEC Commission En Banc declared effective SMC’s registration statement covering 400 million Series 2 preferred shares, subject to the company’s compliance with remaining regulatory […]
Read more →Where we belong
WHILE hotels usually brand themselves as oases (read: nothing like their surroundings), the Seda hotel group (under Ayala Land Hospitality) is taking the opposite direction. A new campaign, “Roots by Seda,” aims to place their hotels as firmly part of the communities where they are built.
Read more →Ayala logistics unit completes 40% stake sale to Danish investor
A.P. MOLLER Capital, an infrastructure fund manager affiliated with Denmark’s A.P. Moller Holding, the parent of shipping and logistics company A.P. Moller-Maersk, has completed its acquisition of a 40% stake in AC Logistics Holdings Corp., the logistics arm of Ayala Corp. In a joint statement dated July 7, the companies said the investment was completed […]
Read more →DoE suspends offshore wind auction
THE Department of Energy (DoE) has suspended the country’s first offshore wind auction until further notice, citing logistical constraints, infrastructure readiness, and global supply chain risks, including those arising from the conflict in the Middle East. In a notice, Energy Undersecretary Felix William B. Fuentebella informed qualified suppliers and renewable energy stakeholders that activities and […]
Read more →Out with the old, in with the new (restaurant)
ONCE hailed as one of the best restaurants in Manila, the defunct Inagiku in the Makati Shangri-La has been missed since the hotel’s reopening in 2023, after a two-year pandemic break. In its place is a new venture, Shido — meaning “starting in motion” in Japanese. During a tasting on June 24, we were taken […]
Read more →Philippines’ foreign reserves rise to $104.8 billion
THE PHILIPPINES’ gross reserves jumped to their highest level in three months at end-June, backed by the central bank’s profits from its foreign investments and the foreign currency deposits it received following the National Government’s (NG) latest global bond issue, preliminary data showed.
Read more →Dining In/Out (07/09/26)
SOLAIRE RESORT Entertainment City is bringing the flavors of Spain and Portugal to Waterside this July through its Eat Around the World culinary series, showcasing traditional Iberian dishes inspired by the region’s coastal heritage.
Read more →Aramco to open first branded fuel station in Philippines
SAUDI ARABIAN OIL Co. (Aramco) is set to open its first branded gasoline station in the Philippines this month, deepening its presence in the country’s downstream oil market following its investment in Unioil Petroleum Philippines, Inc. last year. According to a media advisory, Aramco will inaugurate its first station in Parañaque City on July 16. […]
Read more →Term deposit yield goes up on BSP hike bets
THE BANGKO SENTRAL ng Pilipinas’ (BSP) term deposits’ average yield was higher for a third straight week as the market anticipates further monetary policy tightening despite a slower-than-expected June inflation reading. Bids for the central bank’s term deposit facility (TDF) amounted to P143.054 billion on Wednesday, exceeding the P120 billion in seven-day deposits placed on […]
Read more →Megawide targets higher 2026 profit at P1.2B
MEGAWIDE Construction Corp. is targeting a net income of about P1.2 billion this year as lower borrowing costs from debt reduction and growth in its construction and real estate businesses are expected to support earnings, its chief finance officer said on Wednesday. “We are generally on track in terms of our plans and programs… We […]
Read more →Fresh US-Iran strikes drag peso
THE PESO dropped versus the dollar on Wednesday following a fresh flareup in the Middle East conflict that puts the fragile ceasefire between the United States and Iran at risk. The local unit declined by seven centavos to finish at P61.505 against the greenback from P61.435 on Tuesday, based on data on the Bankers Association […]
Read more →The hearts and minds in this fight
Yes, let’s have more local governments beyond Cebu City and Pangasinan’s Labrador municipality declare July 12 as “West Philippine Sea Victory Day” — towards, hopefully, a national observance of this legal milestone when we faced down and won over a superpower. That was the day, a decade ago, when the Permanent Court of Arbitration (PCA) […]
Read more →Reliable cyber infrastructure key to AI readiness, says ManageEngine CEO
JAKARTA — Cyber infrastructures need to be reliable to support emerging technologies as scaling amid increasing demand for artificial intelligence (AI), according to the top official of ManageEngine, the enterprise IT management software division of Zoho Corp. “Sometimes AI is magical, but it is too good to be true. It means it also comes with […]
Read more →Globe launches Starlink satellite-to-mobile service
GLOBE TELECOM, Inc. has commercially launched its satellite-to-mobile service using Starlink’s direct-to-cell technology, expanding mobile connectivity to areas without terrestrial network coverage. In a statement on Wednesday, Globe said the service enables compatible mobile devices to connect directly to Starlink’s low-Earth orbit (LEO) satellites for text, voice, and data services in locations beyond the reach […]
Read more →Lower transfer fees to enhance PHL payments system — BSP
THE BANGKO SENTRAL ng Pilipinas (BSP) said several financial institutions’ decision to lower or remove their fees for retail fund transfers can support the digital economy by improving the country’s payments system. “The value of the payments system rises when more people are able to use it. That’s what’s called network externalities. For this, interoperability […]
Read more →Monetary Board approves merger of BPI’s BanKo, Legazpi Savings Bank
THE MONETARY BOARD has cleared the proposed merger between Bank of the Philippine Islands’ (BPI) thrift subsidiaries BPI Direct BanKo, Inc., A Savings Bank and Legazpi Savings Bank, Inc. (LSB), which could take effect by October. BanKo, the surviving entity for the merger, said in an advisory on Wednesday that the Bangko Sentral ng Pilipinas’ […]
Read more →Xendit integrates Dragonpay into Southeast Asian network
DRAGONPAY CORP., a Philippine payment gateway, has been integrated into Southeast Asian payments infrastructure company Xendit’s network following a strategic partnership that began in 2021. “This brings together Dragonpay’s trusted local payment network with Xendit’s regional infrastructure, growing geographical footprint and continuously enhanced payments platform,” Xendit said in a statement on Wednesday. “Dragonpay merchants can […]
Read more →AC Logistics, AP Moller gear up for next phase of growth
Ayala Corp.’s wholly owned subsidiary, AC Logistics, is ready to proceed with its next phase of growth as global institutional fund manager A.P. Moller Capital completed its strategic investment in the company.
Read more →Aramco opening first Philippines gas station
Global oil behemoth Saudi Aramco is marking its return to the Philippine retail fuel market with the opening of its first gasoline station in the country this month.
Read more →Bank lending jumps 12%, fastest in 15 months
Credit growth accelerated for a fourth straight month in May, reaching its fastest pace in more than a year as businesses stepped up borrowing and household credit remained resilient, signaling that earlier monetary easing is beginning to filter through the broader economy.
Read more →BIR reinstates fuel excise tax
The government has lifted the suspension of excise taxes on kerosene and liquefied petroleum gas (LPG) after global crude prices eased, a move that previously sought to cushion households from surging costs amid the Middle East war.
Read more →Dollar reserves climb to 3-month high in May
The country’s foreign exchange buffer climbed to its highest level in three months in June, boosted by the national government’s foreign currency deposits and investment income of the Bangko Sentral ng Pilipinas , although reserves remained lower than a year earlier.
Read more →IMF, ADB lower Philippines growth outlook
Multilateral lenders International Monetary Fund and the Asian Development Bank slashed their growth forecasts for the Philippines for the next two years, citing the weaker-than-expected first-quarter performance and the larger impact of the Middle East conflict on domestic prices and economic activity.
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