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
Philippines industrialization and hype vs reality of Pax Silica
Last week, Sept. 2, the Philippine Semiconductor and Electronics Industry Roadmap (PSEIR) was launched and the Semiconductor and Electronics Industry Advisory Council (SEIAC) was created, headed by Executive Secretary Ralph Recto. Other members of the council are the secretaries of DOF, DEPDev, DTI, DepEd, CHED, TESDA, etc.
Read more →Philippines internet slowest among SE Asian cities in SE Asia – Ookla
The Philippines may be trying to attract digital nomads to move here as their workplace, but the country’s urban districts provide the slowest internet speeds among Southeast Asian cities.
Read more →Philippines lags as investment destination among expanding EU firms
Nearly 80 percent of European businesses plan to continue investing in the Association of Southeast Asian Nations (ASEAN), but the Philippines ranked last among the top markets considered for investment in the region.
Read more →‘Philippines to bear brunt of El Niño next year’
The incoming El Niño could deal a sharper blow to the country’s rice supply and production once the weather disturbance fully sets in next year, the Department of Agriculture said.
Read more →Power spot prices highest in 20 years
Electricity spot prices in the Visayas and Mindanao surged to nearly P20 per kilowatt-hour (kWh) in August, hitting the highest levels recorded in the spot market’s 20-year history.
Read more →Remolona named among world’s best central bankers
Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. received an A- grade from Global Finance for the third consecutive year, keeping him among the magazine’s highest-rated central bank chiefs worldwide.
Read more →SM Group recognized for stakeholder communications
The Sy family’s SM Group has been recognized for communications programs spanning community engagement, customer service, financial education, investor relations and digital communications.
Read more →Stocks rise anew on sustained bargain hunting
The local stock market rose for the second straight day as investors continued to hunt for bargain stocks.
Read more →Thai firm invests in SunAsia’s $1 billion Laguna Lake solar farm
SunAsia Energy Inc. is teaming up with Thailand-listed Gunkul Engineering Public Co. Ltd. to build a $1-billion floating solar project on Laguna Lake, touted as the largest of its kind in the region.
Read more →The onus of securing eCARs in transferring unlisted shares
Transferring shares not listed and traded on a stock exchange involves several steps and sellers often must consider documents apart from the deed of sale or transfer.
Read more →The real cost of a weak peso
In the recent days I have been keeping tab of movements in prices of goods and services, a quiet sense of worry has been building within me as an aging senior citizen because I realize that many of the things we rely on every day now cost significantly more than they once did. F
Read more →Iloilo taxi operators, ride-hailing firm branch out to EV services
One of the country’s major ride-hailing companies has teamed up with two Iloilo transport operators to expand access to electric vehicle (EV) ride-hailing services in Western Visayas.
Read more →Global Dominion and Lamudi Philippines turn property listings into property ownership
Global Dominion has been accelerating the growth of individuals and businesses through loans and financing products.
Read more →Wage board clears P60 NCR wage hike while P85 order remains frozen
Metro Manila's wage board approved a new P60 daily minimum wage increase while the earlier P85 hike remains tied up in court.
Read more →'Cheapest' in the world? Immigration cites foreign fees in defending P240 border charge
Immigration says its proposed P240 border fee is cheapest. Are the foreign charges comparable?
Read more →Bargain hunting lifts PSEi back to 6,100
The local stock market pulled off a win despite the continued depreciation of the peso and the country’s unemployment rate hitting a four-year high in July, as investors opted to capitalize on cheap valuations instead.
Read more →Citi, DEG extend over P1.5 billion to OnePuhunan
Microfinance lender OnePuhunan has secured more than P1.5 billion from Citi and German development finance institution DEG to expand lending to Filipino women entrepreneurs.
Read more →Credit growth rebounds to 2-month high in July
Bank lending growth picked up to a two-month high in July as borrowing by businesses strengthened, offsetting a continued moderation in consumer credit amid weak household confidence.
Read more →Debt servicing hits P140 billion in July
The government’s debt service jumped to almost P140 billion in July, driven largely by higher interest payments and amortization, according to the Bureau of the Treasury’s latest cash operations report.
Read more →Distorting the wage-setting process
The recent decision of the Department of Labor and Employment to unilaterally raise the current daily minimum wage by P85, to be implemented in two tranches of P60 initially this year and then another P25 next year through Wage Order NCR-27, has politicized the wage-setting process and is distorting the tripartite wage process.
Read more →DOE chief’s newfound dream
Before joining the Department of Energy (DOE), Secretary Sharon Garin had always dreamed of becoming an architect.
Read more →DOE targets 160 MW from biomass auction
The Department of Energy is putting 160 megawatts (MW) of biomass capacity up for auction, with the maximum bid price expected to be released next month.
Read more →Expensive electricity
Our power system, the high cost of electricity and the unreliability of supply, are often cited as a primary deal breaker with potential foreign investors in our manufacturing sector. Even local investors have cited this problem, in addition to red tape, as reasons why they remain uncompetitive in the export market.
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