Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1861 articles from BusinessWorld
SC asked to reconsider vessel monitoring ruling
THE Bureau of Fisheries and Aquatic Resources (BFAR) said on Monday that it will ask the Supreme Court (SC) to reconsider its vessel monitoring system ruling, which the court had declared unconstitutional. The BFAR said it is “confident a review will uphold the BFAR, a technical and specialized agency duty-bound to carry out its mandate […]
Read more →BCDA ready for Senate Pax Silica inquiry
THE Bases Conversion and Development Authority (BCDA) said it is open to answering questions in a Senate inquiry into the artificial intelligence (AI)-native hub to be built in Tarlac under the US-led Pax Silica initiative. “The BCDA welcomes the Senate’s oversight and stands ready to provide the facts needed for a fair and transparent discussion,” […]
Read more →Megaworld partners with Thailand’s ViaBus for AI-powered township transit app
Megaworld Corp. has partnered with Thailand-based mobility technology startup ViaBus to launch an artificial intelligence (AI)-powered real-time transit tracking application for its Citylink shuttle service, as it expands digital mobility initiatives across its integrated townships. Megaworld has introduced an AI-powered real-time transit tracking application for its Citylink shuttle service, allowing commuters to monitor vehicle locations, […]
Read more →Signal No. 1 up in six areas as Tropical Depression Luis threatens Luzon
Storm Signal No. 1 was hoisted over six areas in Luzon due to Tropical Depression (TD) Luis, bringing strong winds and torrential rains as heavy rainfall warnings were raised in several areas, according to the state weather bureau on Monday. Areas under Signal No. 1 include Isabela, Quirino, the central and eastern portions of Cagayan, […]
Read more →Philippines manufacturing PMI expands for a third straight month in July
PHILIPPINE MANUFACTURING activity continued to expand in July, posting modest growth as stronger demand offset rising input costs, S&P Global said. The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) edged up to 51.8 in July from 50.9 in June, marking a third straight month of expansion. A PMI reading above 50 signals an improvement […]
Read more →GCash redefines payment convenience with direct Visa and Mastercard card linking
No need to cash in! GCash users will soon be able to link their Visa and Mastercard credit and debit cards to pay instantly. To deliver greater convenience and payment freedom, GCash, the country’s #1 finance superapp, will soon allow users to link their Visa or Mastercard debit and credit cards directly as a payment […]
Read more →Q2 growth likely slowed to 2.8% — poll
THE PHILIPPINE ECONOMY likely expanded at a slower pace year on year in the second quarter, as elevated inflation weighed on household spending while weak business confidence and sluggish public infrastructure spending dampened economic activity.
Read more →Poll: Philippine inflation steady at 6.4% in July
PHILIPPINE headline inflation likely held steady in July as lower food prices, particularly rice, offset higher fuel and electricity costs, analysts said.
Read more →BSP to crack down on online lenders’ unfair debt collection practices
THE BANGKO SENTRAL ng Pilipinas (BSP) will enforce tight regulations against unfair debt collection practices of online lenders once it gains full oversight of the sector, an official said.
Read more →ERC orders P9.5-B refund for Meralco customers
CUSTOMERS of Manila Electric Co. (Meralco) may soon get some relief from high electricity prices as the Energy Regulatory Commission (ERC) approved the implementation of a P9.5-billion refund. In a 28-page decision promulgated July 31, the ERC directed Meralco to refund the equivalent rate of P0.3448 per kilowatt-hour (kWh) within six months as a separate […]
Read more →Telcos propose P31-B nationwide undersea fiber network
GLOBE Telecom, Inc., PLDT Inc., and Converge ICT Solutions, Inc. have proposed a $500-million (about P30.63-billion) nationwide undersea fiber-optic network to expand connectivity across the Philippines, the Department of Information and Communications Technology (DICT) said.
Read more →PXP seeks investors, foreign partners for oil exploration
PXP ENERGY Corp. is seeking investors and foreign partners to help fund petroleum exploration after securing new service contracts (SCs), its chairman said. “We have to raise money for PXP for the various service contracts,” PXP Chairman Manuel V. Pangilinan told reporters last week. He said the company is looking for foreign partners to participate […]
Read more →TransCo files for higher feed-in tariff charge for 2027
STATE-RUN National Transmission Corp. (TransCo) is seeking approval from the Energy Regulatory Commission (ERC) to increase the feed-in tariff allowance (FIT-All) charged to electricity consumers next year to continue supporting renewable energy (RE) producers. In an application filed with the ERC, TransCo proposed a FIT-All rate of P0.2154 per kilowatt-hour (kWh) for 2027, up from […]
Read more →Maharlika may pool investments for Pax Silica
MAHARLIKA Investment Corp. (MIC) may serve as a vehicle for pooling investments for the Philippines’ participation in the Pax Silica initiative, although it does not expect to deploy its own capital, its president said.
Read more →T-bill, bond rates may be mixed before CPI data
RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) to be offered this week may end mixed before the release of key Philippine economic data and amid renewed inflation concerns that could bolster central banks’ hawkish stance. The Bureau of the Treasury (BTr) will auction off P50 billion in T-bills on Monday, or P20 […]
Read more →SEC cites lower fees as boost to MSMEs
THE Securities and Exchange Commission (SEC) said lower regulatory fees and other incentives are helping micro, small, and medium enterprises (MSMEs) reduce costs and free up capital for business expansion. In a statement issued Friday, the corporate regulator said the initiatives were highlighted during the “Juan with SEC Caravan: Oportunidad Para sa Pag-Asenso ng Negosyo […]
Read more →Peso may stay at P61:$1 level
THE PESO may continue to move sideways against the dollar this week, likely holding at the P61 range, depending on the movement of global oil prices and as the market looks ahead to the release of key economic data. On Friday, the currency surged by 32 centavos to close at P61.24 versus the greenback from […]
Read more →Sun and softness
THINK of afternoon tea and see flouncing dresses and feminine softness. That’s designer Debbie Co’s look for her Resort 2026 collection, Jardin du Soleil, appearing in a Power Plant Mall pop-up until September. Ms. Co launched the collection with a parade of muses at Manila House on July 27. The muses were a bevy of […]
Read more →A feast for the fans
THE WEATHER plays tricks on us today — one moment, the sky is clear blue; the next it closes with ominous dark clouds which later yield blankets of rain. After dousing the Clark International Speedway, the sun comes out again.
Read more →Agri output estimated to have declined in Q2 due to El Niño
AGRICULTURAL PRODUCTION in the second quarter is estimated to have declined year on year following the onset of El Niño and the rise in farm input costs like fuel and fertilizer due to the Persian Gulf War.
Read more →Gov’t debt yields slip as players turn defensive amid volatility
YIELDS on government securities (GS) closed mostly lower last week as volatile oil prices and a hawkish US Federal Reserve pause kept the market defensive. Debt yields, which move opposite to prices, slipped by an average of 2.33 basis points (bps) week on week, based on the PHP Bloomberg Valuation Service Reference Rates as of […]
Read more →Calamansi, coconut, and miracle balms
THE expectation that Pinky Yee would serve a fairytale confectionary for dessert did not materialize.
Read more →Monkeys in geopolitics
(Part One) That China has been of late upping the pugnacious rhetoric against the Philippines shows the magnitude of current turbulence within the eastern behemoth nation. The 100+ million-strong Chinese Communist Party (CCP), still led by its Secretary General and China’s President Xi Jinping, recently experienced the political demise of top General Zhang Youxia, his […]
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