Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2167 articles across all sources
Tennis studio AVARI offers practice simulations
WITH FILIPINO tennis enthusiasts now growing in number, inspired by the rise of professional tennis player Alex Eala, there’s a place where they meet like-minded people and play — but not on a court. The place is the AVARI Tennis Studio, which offers the very first tennis simulation in the country. “To be honest, we’re […]
Read more →Manila Water unit, CDC break ground on 10-MLD Clark wastewater plant
MANILA WATER Co., Inc. subsidiary Clark Water Corp. and state-run Clark Development Corp. (CDC) have broken ground on a 10-million-liter-per-day (MLD) wastewater treatment facility in the Clark Freeport Zone (CFZ) in Pampanga to expand wastewater treatment capacity as business activity in the estate grows. The project, which broke ground on July 1, will be developed […]
Read more →PayMongo posts rapid growth in QR Ph payments
PAYMENTS made through QR Ph, the Philippines’ national QR code standard, are gaining traction as it overtook cards’ and e-wallets’ share in transaction volume in the first half, according to data from financial technology company PayMongo Group. PayMongo said on Thursday that completed transactions made through its platform grew by 89% year on year to […]
Read more →CTA voids P51.6-M BIR withholding tax assessment vs JTKC Land
THE Court of Tax Appeals (CTA) has voided a P51.59-million deficiency withholding tax assessment issued by the Bureau of Internal Revenue (BIR) against property developer JTKC Land, Inc., ruling that the assessments lacked legal basis and, in part, were issued without valid audit authority. In a 30-page decision promulgated on June 30, the CTA Special […]
Read more →Moody’s cuts RCBC outlook to ‘negative’
MOODY’S RATINGS has affirmed its ratings for Rizal Commercial Banking Corp. (RCBC) but cut its outlook to “negative” from “stable” due to heightened asset quality risks stemming from its large exposure to the retail segment. The debt watcher on Wednesday affirmed the bank’s Baa3/P-3 long-term (LT) and short-term (ST) foreign-currency (FC) deposit ratings, Baa3 FC […]
Read more →When does regulatory relief become regulatory risk? Lessons from the BSP’s response to the Iran conflict
Every major financial crisis reshapes central banking. The Asian Financial Crisis transformed exchange-rate management and reserve policy. The Global Financial Crisis elevated financial stability alongside price stability as a core objective of central banks. The COVID-19 pandemic expanded the supervisory toolkit through extraordinary liquidity support, regulatory flexibility, and crisis interventions. The recent conflict involving Iran […]
Read more →Stuff to Do (07/03/26)
PRIME VIDEO presents the sci-fi film Project Hail Mary starting July 3. Science teacher Ryland Grace (Ryan Gosling) wakes up on a spaceship light years from home with no recollection of who he is or how he got there.
Read more →Vivant Water starts supplying desalinated water to Cebu utility
VIVANT WATER has begun supplying desalinated water from its seawater desalination plant in Cordova, Cebu, to the Metropolitan Cebu Water District (MCWD), providing an initial supply that will serve nearly 7,000 households ahead of the facility’s full commercial operations. MCWD’s distribution network has started receiving an initial 5,000 cubic meters (cu.m.) of desalinated water from […]
Read more →BSP eyes risk-based framework to assess banks’ ability to protect their customers
THE BANGKO SENTRAL ng Pilipinas (BSP) is proposing a risk-based framework for its assessment of financial institutions’ ability to safeguard consumer rights as part of the implementation of the Financial Products and Services Consumer Protection Act. The central bank is looking to adopt the Financial Consumer Protection Risk-and-Impact Supervisory Model (FCPRISM) that will cover its […]
Read more →EPIRA @ 25
(Second of two parts) In my last column, I shared some reflections on the 25th year of implementation of one of the most economically consequential legislations that the Philippine Congress passed over the last 30 years. (Read Part 1 here: https://tinyurl.com/2d9pgqvj) In June 2001, Congress enacted Republic Act No. 9136 or the Electric Power Industry […]
Read more →SM Group earns 24 governance, investor relations recognitions
SM INVESTMENTS CORP. (SMIC), BDO Unibank, Inc., and SM Prime Holdings, Inc. received a combined 24 recognitions at the 16th Asian Excellence Awards organized by Hong Kong-based publication Corporate Governance Asia. SMIC, the group’s parent company, received eight awards. BDO Unibank received nine, while SM Prime received seven. Among the individual recognitions, SMIC President and […]
Read more →Peso strengthens as oil prices drop
THE PESO gained against the dollar on Thursday as lower global oil prices eased inflation concerns, and as players digested clues on the US central bank’s policy path. The currency climbed by 5.6 centavos to finish at P61.565 versus the greenback from P61.621 on Wednesday, based on Bankers Association of the Philippines data posted on […]
Read more →How algorithms divide a nation
Why is it that despite the abundance of publicly available information about political personalities — their statements, actions, inconsistencies, and even documented misconduct — the truth often fails to persuade a core loyal following? Why do labels such as “pink,” “yellow,” “DDS,” or “Marcos loyalist” endure despite evidence that defies these stereotypes? Why do political […]
Read more →BSP sets rules for banks seeking capital relief
The Bangko Sentral ng Pilipinas has issued reporting guidelines for banks and quasi-banks that plan to avail themselves of temporary capital relief on valuation losses from peso government securities amid market volatility triggered by the Middle East conflict.
Read more →BSP to tighten oversight of banks, e-money issuers
The Bangko Sentral ng Pilipinas is preparing to roll out a new risk-based supervisory model that will tighten oversight of banks and non-bank electronic money issuers based on their potential to harm consumers and their ability to address financial consumer protection risks.
Read more →DA asks traders to halt 5% broken rice imports
Local rice traders have been asked to stop importing five percent broken rice varieties which could compete with the incoming local harvest, Agriculture Secretary Francisco Tiu Laurel Jr. said.
Read more →Good news and bad news
In a simple one paragraph response, the Department of Finance responded yesterday to the World Bank’s announcement that the Philippines has now reached the threshold of an upper-middle income country.
Read more →Government debt piles up to record P18.55 trillion
The Marcos administration’s outstanding debt climbed to P18.55 trillion as of end-May, lifted by fresh domestic borrowings to cover funding needs amid the ongoing war in the Middle East, although the appreciation of the peso against the dollar helped temper the increase, the Bureau of the Treasury said.
Read more →GT Capital executive Jose Crisol passes away
GT Capital Holdings Inc., the diversified conglomerate of the Ty family, has announced the passing of longtime executive Jose Crisol Jr.
Read more →Korean universal health care
Universal health care is a basic human right that is part of the social compact.
Read more →Market cheers Philippines rise to upper-middle income status
The local stock market advanced for a second consecutive session as investors cheered positive macroeconomic developments, including the Philippines’ ascent as an upper-middle income economy.
Read more →Maynilad secures P2 billion loan from CTBC Bank
West Zone concessionaire Maynilad Water Services Inc. has secured a P2 billion loan from CTBC Bank (Philippines) Corp. to support its capital spending program.
Read more →On Roblox, Pinoy kids preyed on by violent extremists
A message arrived on the group chat of seven 15-year-olds in Calamba, Laguna, coming from a “friend” they met on Roblox. It contained a link.
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