Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2373 articles from BusinessWorld
Franchise renewal of 2 Visayas power firms advances in Senate
THE SENATE on Monday approved separate proposals for the renewal of the franchise of the Visayan Electric Co.…
Read more →Robredo defends P500-M grant for Naga coliseum
NAGA CITY Mayor and former Vice-President Maria Leonor “Leni” G. Robredo on Monday said the P500-million allocation from…
Read more →BI intercepts Filipina in suspected surrogacy trafficking case
THE BUREAU of Immigration (BI) intercepted a Filipino woman at the Ninoy Aquino International Airport (NAIA) who was…
Read more →NIA, Aparri LGU fast-track land acquisition for irrigation expansion
TUGUEGARAO CITY, Cagayan — The National Irrigation Administration (NIA) in Cagayan Valley and the Aparri local government unit…
Read more →DICT backs franchise approval pathway for social media firms
By Ashley Erika O. Jose, Reporter THE Department of Information and Communications Technology (DICT) said it supports Congressional…
Read more →Physical Intelligence registers with PEZA, plans to build ‘data factory’
THE Philippine Economic Zone Authority (PEZA) said it registered artificial intelligence (AI) research firm Physical Intelligence, Inc. (PII)…
Read more →MCIA 25-year contract extension wins council approval, DoTr says
THE concession agreement of the Mactan-Cebu International Airport (MCIA) has won a key government council’s approval for a…
Read more →Al-Amanah Bank targets MSMEs for financing to boost halal industry
AL-AMANAH Islamic Investment Bank of the Philippines said it is looking to provide capital to micro, small and…
Read more →Mango industry reorganized, Mitsui tapped to boost exports
THE Department of Agriculture (DA) said on Monday that it consolidated 40 mango growers’ associations to maximize their…
Read more →BoP gap shrinks to $596M in August
THE PHILIPPINES’ balance of payments (BoP) deficit narrowed in August as sustained dollar inflows partly offset a higher import bill driven by elevated global oil prices, the Bangko Sentral ng Pilipinas (BSP) said.
Read more →DoF open to imposing direct tax on Philippines’ richest
THE DEPARTMENT of Finance (DoF) is open to proposals to impose a direct tax on wealthy individuals, as long as the measure can be effectively implemented.
Read more →Rising consumer loans driving banks’ NPL provisioning — BSP
PHILIPPINE BANKS’ higher provisioning for nonperforming loans (NPL) is largely driven by rising consumer loans, rather than systemic stress across the sector, the Bangko Sentral ng Pilipinas (BSP) said.
Read more →Philippine big banks’ Q2 asset growth fastest in nearly 2 years
THE COMBINED ASSETS of the Philippines’ biggest banks grew at the fastest pace in nearly two years in the second quarter, despite uncertainty stemming from the Middle East war.
Read more →First Gen plans up to P160 billion in five-year renewable energy spending
LOPEZ-LED First Gen Corp. plans to spend up to P160 billion over the next five years on renewable energy projects, with most of the planned investment earmarked for hydropower and geothermal projects. First Gen President and Chief Operating Officer Francis Giles B. Puno said the company plans to allocate around P60 billion for hydropower projects […]
Read more →Aznar Shipping to earmark P504M of IPO proceeds for two new vessels
AZNAR SHIPPING Corp. plans to spend about P503.7 million, or nearly four-fifths of the net proceeds from its proposed initial public offering (IPO), to acquire two brand-new roll-on/roll-off passenger vessels for deployment by the second half of 2027, its preliminary prospectus showed. The Cebu-based shipping company expects to raise about P640.86 million in net proceeds […]
Read more →AirAsia keeps PHL growth plans amid fleet, funding adjustments
AIRASIA Group Bhd. said it remains committed to expanding its Philippine operations as the Malaysian low-cost carrier adjusts its fleet and pursues new funding as part of its broader financial strategy. “We are very committed to the Philippines and Indonesia, we are bringing new capital… we are beginning to grow and add planes, our biggest […]
Read more →Ayala Land shares fall as sector weakness weighs
SHARES of Ayala Land, Inc. (ALI) slipped last week as weakness in the broader property sector outweighed company-specific developments, including the extension of the Market! Market! lease and additional share purchases by parent Ayala Corp., analysts said. Data from the Philippine Stock Exchange (PSE) showed ALI was the 10th most actively traded stock last week, […]
Read more →PSE proposes oversight framework for green equity label
THE Philippine Stock Exchange, Inc. (PSE) has proposed an oversight framework for the Philippine Green Equity Label, setting out procedures for applications, annual assessments, disclosures, external reviewer accreditation, and continuing compliance. The draft rules, dated Sept. 18, are under public consultation, with the PSE accepting comments until Oct. 2. The proposal is based on Securities […]
Read more →Beyond OTPs: Banks balance tighter security with customer trust
By Heather Caitlin P. Mañago, Researcher PHILIPPINE BANKS are moving beyond one-time passwords (OTPs) for authentication and implementing stronger safeguards against digital fraud, but the transition is also putting customer trust and accessibility to the test. The shift follows Bangko Sentral ng Pilipinas (BSP) Circular No. 1213, which implements information technology risk management provisions under […]
Read more →Samsung opens 2026 ‘Solve for Tomorrow’ competition with P2-million prize pool
Samsung Philippines, in partnership with the Department of Education (DepEd), has launched the fourth Philippine edition of its “Solve for Tomorrow” competition, offering nearly P2 million in total prizes for public Science High School students with STEM-based community solutions. Entering its 16th year, Samsung Solve for Tomorrow is a global competition that empowers young changemakers […]
Read more →SEC tightens auditor accreditation rules for large government contracts
THE Securities and Exchange Commission (SEC) has tightened accreditation requirements for auditing firms and external auditors, including rules prescribing the level of accredited auditor that corporations with large government contracts must engage. SEC Memorandum Circular (MC) No. 26, Series of 2026, amended the corporate regulator’s accreditation guidelines for auditing firms and external auditors of SEC-regulated […]
Read more →Fee waivers and the push for affordable digital transfers
IN BETWEEN displays of snacks and goods, quick response (QR) codes for e-wallets and banks are displayed at the front of Ejay Ignacio’s sari-sari store in Antipolo City.
Read more →Yields on government debt to rise as inflation worries weigh
YIELDS on government securities on offer this week may end higher as inflation concerns due to hostilities in the Middle East continue to weigh on market sentiment, and as the US Federal Reserve’s hawkish tone also bolstering rate hike views. The Bureau of the Treasury (BTr) will auction off up to P70 billion in short-term […]
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