Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
9654 articles across all sources
EVEN WITH the US-Iran war in full swing last May, local auto sales registered a hefty rebound, per the consolidated report from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA). Versus April, total May sales hiked by 24% to reach 33,532 units. Factoring in non-CAMPI-TMA firms, total sales […]
Read more →YIELDS on the Treasury bills (T-bills) and Treasury bonds (T-bonds) up for auction this week may end mixed amid inflation and rate hike bets. The Bureau of the Treasury (BTr) will auction off up to P60 billion in T-bills on Monday, or P20 billion each in 91- and 182-day papers and P10-20 billion in 364-day […]
Read more →SHARES of Ayala Land, Inc. (ALI) rose last week as investors hunted for bargains after the property developer announced fresh investments in its 320-hectare (ha) Lio estate in El Nido, Palawan.
Read more →ASK VINFAST officials and they will say that full-electric mobility has already moved well beyond novelty — emerging as a practical and viable path toward sustainable transportation and more cost-efficient ownership. But the battery electric vehicle (BEV) specialist believes the proposition should not stop there. Why not, it argues, harness the advantages of the format […]
Read more →BUREAU of Plant Industry (BPI) Director Gerald Glenn F. Panganiban said the Department of Agriculture (DA) is floating the idea of a purple yam (ube) exporter association to set standards and meet growing international demand for the crop. Agriculture Secretary Francisco P. Tiu Laurel, Jr. met with members of the ube industry last week to […]
Read more →THE PESO could move sideways against the dollar this week as the market awaits the release of June Philippine inflation data, which could ease from the prior month but stay above target amid continued price risks. On Friday, the currency strengthened by 15 centavos to close at P61.415 per dollar from Thursday’s P61.565 finish. Week […]
Read more →FEDERAL LAND, Inc., the property development arm of GT Capital Holdings, Inc., has shifted four residential developments within its Metropolitan Park complex in Pasay City to 100% renewable energy (RE) under a multi-year supply agreement with ACEN Renewable Energy Solutions (ACEN RES), the retail electricity unit of ACEN Corp. The agreement covers the ready-for-occupancy Six […]
Read more →DUBAI-BASED Filipino fashion designer Furne One Amato, whose works have clothed stars like Beyoncé, Mariah Carey, and Lady Gaga, as well as pop culture icons Paris Hilton and Heidi Klum, graced the Conrad Manila with his presence and his new collection.
Read more →I recently came across an interview with Mervyn King, former Governor of the Bank of England, in Central Banking magazine (“Mervyn King on his career and big ‘mistakes’,” Central Banking). Looking back on the Global Financial Crisis (GFC), he said that the problem was not only the scale of the threat facing major banks but […]
Read more →HONDA is now considered a relatively “quiet” brand, which comes as a surprise since it was once one of the top-selling marques in the Philippines. However, with more competition featuring aggressive pricing, features, and great quality, Honda’s share of the pie has gotten smaller over the years. Yet there is still a quiet confidence within […]
Read more →BUREAU of Plant Industry Director Gerald Glenn F. Panganiban said the Department of Agriculture (DA) is seeking greater access to the US market for Philippine pineapple. Mr. Panganiban said the DA is awaiting word from the Federal Register, which sets the rules for shipping goods into US ports. “I don’t want to comment on their […]
Read more →THE BANGKO SENTRAL ng Pilipinas’ (BSP) short-term securities’ average rate was nearly flat on Friday, with demand for the offer staying strong. Tenders for the 28-day BSP bills amounted to P80.074 billion, more than double the P30-billion offer but below the P85.659 billion in bids for the same volume auctioned off in the previous week. […]
Read more →GLOBE TELECOM, Inc. said it is expanding its use of artificial intelligence (AI) across its operations as it seeks to improve customer experience, strengthen network operations, and develop new products and services. Speaking at Mobile World Congress Shanghai 2026, Globe President and Chief Executive Officer Carl R. Cruz said the company views AI as a […]
Read more →YIELDS on government securities (GS) ended mostly higher last week as longer tenors rose amid lingering uncertainty over peace talks between the United States and Iran, and with players positioning before the release of June Philippine inflation data. GS yields, which move opposite to prices, rose by an average of 6.93 basis points (bps) week […]
Read more →THE BANGKO SENTRAL ng Pilipinas (BSP) expects more financial institutions to lower or waive their person-to-person digital transfer fees to meet new rules that took effect on Saturday (July 4) and will issue warnings to those who fail to comply. E-wallet giant GCash on July 4 cut its InstaPay transfer fee to P10 from P15. […]
Read more →Last Friday, the Bangko Sentral ng Pilipinas, led by BSP Gov. Eli Remolona Jr., formally launched a new book titled “Risk and Resilience in the Philippine Financial System,” with former Central Bank and BSP governors Jose Cuisia Jr., Amando Tetangco Jr. and Felipe Medalla in attendance, while Mrs. Tess Espenilla represented her late husband, former BSP governor Nestor Espenilla who had been a key participant and witness to the old Central Bank and BSP negotiations with key creditors
Read more →The Philippines needs to bring down its debt after pandemic spending and higher infrastructure outlays pushed government borrowings back to around 60 percent of the economy, according to a new book published by the Bangko Sentral ng Pilipinas.
Read more →Power giant Manila Electric Co. (Meralco) ended the second quarter with higher energy sales as summer heat, intensified by El Niño, spurred greater use of cooling appliances.
Read more →The success of GCash’s stock market listing — set to become the country’s largest — could hinge on two things: whether investors would bet on its P10-per-share offer, and how firm its fundamentals are in challenging conditions, analysts said.
Read more →The Marcos administration’s debt service burden rose to P97 billion in May after the government ramped up amortization and interest payments, the Bureau of the Treasury (BTr) reported.
Read more →Inflation likely slowed for the second straight month in June as fuel and some food prices eased, although economists said price growth remained far above the Bangko Sentral ng Pilipinas (BSP)’s target amid lingering risks from El Niño, peso weakness and second-round effects.
Read more →Over 200 kilometers from Mactan to this municipality at the northern tip of Cebu – and back – I got a firsthand look at how Toyota Motor Philippines (TMP) is advancing its multi-pathway strategy toward cleaner mobility.
Read more →The local stock market is seen sustaining its positive momentum this week, with investors keeping a close watch on June inflation.
Read more →It is essentially meaningless to the great mass of Filipinos.
Read more →