Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1861 articles from BusinessWorld
RCBC nets P4.1 billion in first half
RIZAL COMMERCIAL Banking Corp. (RCBC) posted a net income of P4.11 billion in the first semester, with its earnings hit by higher loan loss buffers despite the continued strength of its core businesses. “Net profit was impacted by credit impairment provisions in response to heightened geopolitical uncertainties. Despite these headwinds, the bank’s core business sustained […]
Read more →Uniqlo PHL sees demand staying resilient despite cost pressures
JAPANESE apparel retailer Uniqlo expects demand in the Philippine market to remain resilient despite pressure on household budgets, saying consumers continue to prioritize functional everyday clothing. “Filipinos continue to trust our brand. Being here for over 14 years, they know that our LifeWear clothing can benefit them through our technology and [as well as its] […]
Read more →AUB net income climbs to P6.19 billion
ASIA United Bank Corp. (AUB) recorded a higher net income for the first half, supported by the strength of its core lending business. The bank’s net profit climbed to P6.19 billion in the period from P6.13 billion a year ago, it said in a disclosure to the stock exchange on Thursday. “This performance was anchored […]
Read more →Because people matter
Economists have a habit of reducing the economy to numbers. We debate inflation, GDP growth, unemployment, productivity, and fiscal deficits with admirable precision. We celebrate decimal-point improvements and worry over statistical deviations.
Read more →IWG bets on hybrid work with PHL expansion
INTERNATIONAL Workplace Group (IWG) plans to expand its Philippine network to 76 locations by the end of 2026, betting on continued demand for hybrid work as flexible workspaces are expected to account for 30% of the commercial real estate market by 2030. The global flexible workspace provider is adding five centers in Taguig, Bohol, and […]
Read more →BSP sets three-phased evaluation process for payment system operators’ registration
THE BANGKO SENTRAL ng Pilipinas (BSP) has issued new guidelines for entities seeking to register as operators of payment systems (OPS), updating rules set nearly seven years ago. In a memorandum signed by BSP Deputy Governor Mamerto E. Tangonan, the central bank outlined a three-phased evaluation process for OPS registration, including verification of eligibility and […]
Read more →Stuff to Do (07/31/26)
ENJOY “One Night in Shanghai” during The Bar Takeover Series II Vol. II at The Peninsula Manila on July 31 from 8 p.m. to midnight. Mixologist Liao Jien Ming, 2024’s Diageo World Class China Champion, will be at The Bar for an exclusive guest shift featuring his cocktails which will be available for one night only.
Read more →Rockwell deepens Alabang Town Center bet with P6.2-B deal
ROCKWELL LAND CORP. has raised its stake in Alabang Commercial Corp. (ACC) to 99.26%, giving the property developer near-full control of the company behind the long-term redevelopment of Alabang Town Center (ATC). In a disclosure on Thursday, the Lopez family-led developer said it had signed share purchase agreements with most of ACC’s remaining shareholders to […]
Read more →SEC expects hundreds to vie for online lending platform licenses as application window reopens
THE SECURITIES and Exchange Commission (SEC) expects a high volume of applications for online lending platforms (OLPs) once it lifts the moratorium for licensing on Aug. 1. “I have heard that there are probably hundreds who want to apply. But of course, I will know only when they start applying on Monday,” SEC Commissioner Rogelio […]
Read more →How PSEi member stocks performed — July 30, 2026
Here’s a quick glance at how PSEi stocks fared on Thursday, July 30, 2026.
Read more →Task force laying groundwork for removal of system loss charge
A JOINT TASK FORCE consisting of representatives from energy agencies and electric cooperatives is working on plans to remove system loss charges from electricity bills, the Department of Energy (DoE) said. In a statement on Thursday, the DoE said it will lead the team, whose other members will be the Energy Regulatory Commission (ERC), the […]
Read more →BIR ‘ready’ to implement SONA tax-system overhaul
THE Bureau of Internal Revenue (BIR) said it is ready for the enactment of the government’s tax relief proposals, aided by modernized systems and simplified compliance. “In his fifth State of the Nation Address (SONA), President Ferdinand R. Marcos, Jr. outlined a clear tax reform agenda. The BIR supports this direction and stands ready to […]
Read more →DICT sees Pax Silica bridging PHL’s digital divide
THE Department of Information and Communications Technology (DICT) said the Pax Silica initiative will help the Philippines bridge its digital divide, lending support to its own efforts to improve connectivity. “This project is really important, because it is part of our Philippine AI master plan that will help complement the digital connectivity plan of the […]
Read more →Davao modern bus system seen partially operational by first quarter 2028
THE Department of Transportation (DoTr) said the Davao modernized bus system is on track to start partial operations by the first quarter of 2028. Transportation Acting Secretary Giovanni Z. Lopez said the Davao Public Transport Modernization Project (DPTMP) forms part of the DoTr’s commitment to advance the shift to electric public transport. Electric buses will […]
Read more →Inflation still casts shadow over PHL economy as energy instability lingers, Metrobank says
INFLATIONARY PRESSURES continue to pose risks to the Philippines as a prolonged oil shock ripples through transportation, electricity, food, and fertilizer costs, Metropolitan Bank and Trust Co. (Metrobank) said. “The Philippines remains vulnerable to prolonged energy disruptions through several channels,” Metrobank Markets Research Head Anna Dominique Cudia said in a report. “Together, higher transportation, electricity, […]
Read more →PHL, Chile target trade pact signing by October
THE Philippines and Chile are looking to sign their Comprehensive Economic Partnership Agreement (CEPA) by October, the Department of Trade and Industry (DTI) said. “We’re hoping to sign it by October,” Trade Secretary Maria Cristina A. Roque told reporters on the sidelines of the ASEAN Tech Summit on Wednesday. Once both parties finish the legal […]
Read more →End of IT park freeze in NCR seen unlocking high-value investment
FINANCE SECRETARY Frederick D. Go said the government’s exemption of IT parks and centers from the ban on economic zone (ecozone) registrations in Metro Manila will support the government’s broader goal of attracting high-value investment in key industries like information technology-business process management (IT-BPM). In a statement on Thursday, Mr. Go was quoted as saying […]
Read more →PAGCOR revenue falls 26.64% in first half
THE Philippine Amusement and Gaming Corp. (PAGCOR) said revenue fell 26.64% in the first half, dragged down by a sharp drop in earnings from electronic gaming operations. In a statement on Thursday, PAGCOR said revenue was P43.32 billion in six months to June. “Our first-half revenue results reflect the continuing impact of geopolitical tensions in […]
Read more →PFDA opens modernized Sual fish port
THE Philippine Fisheries Development Authority’s (PFDA) said on Thursday that it opened its newly rehabilitated and modernized fish port complex in Sual, Pangasinan. The Sual Fish Port Complex features a widened and extended pier with a trading hall, four cold storage units with a combined capacity of 500 metric tons (MT), blast freezers, chiller rooms, […]
Read more →Palay, corn production rise in second quarter
PRODUCTION of palay (unmilled rice) in the second quarter rose 5.7% year on year, while corn output rising 0.8%, the Philippine Statistics Authority (PSA) reported. The PSA reported that palay output was 4.63 million metric tons (MMT), roughly level with PSA’s estimate that had been based on an evaluation of the standing crop. The palay was harvested across 1.04 […]
Read more →Marcos clears release of VP’s tax and bank records to impeachment court
THE Senate impeachment court on Thursday received the subpoenaed bank, tax and anti-money laundering records of Vice-President (VP) Sara Duterte-Carpio and her husband after President Ferdinand R. Marcos, Jr. authorized the Bureau of Internal Revenue (BIR) to release their income tax records. The Office of Senate Secretary Renato N. Bantug, Jr. said it had received […]
Read more →DoE backs Marcos’ push to remove system loss charges from power bill
THE Department of Energy (DoE) on Thursday reaffirmed its support for President Ferdinand R. Marcos, Jr.’s directive to remove system loss charges from consumers’ electricity bills, saying it is prepared to work with other government agencies to reduce electricity losses through improved infrastructure, better collection efficiency and assistance to distribution utilities. “We support the directive […]
Read more →VP urges ICC to speed father’s trial over health concerns
VICE-PRESIDENT (VP) Sara Duterte-Carpio on Thursday appealed to the International Criminal Court (ICC) to expedite the trial of her father former President Rodrigo R. Duterte, saying his continued detention has become increasingly concerning because of his age and health. In a video interview released by her office and recorded in The Hague, Netherlands, Ms. Duterte […]
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