Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1861 articles from BusinessWorld
PSEi falls as market weighs Fed, SONA signals
PHILIPPINE SHARES retreated anew on Thursday as investors were cautious after the US Federal Reserve’s latest policy statements and as they continued to digest the potential impact of various reforms proposed in the President’s State of the Nation Address (SONA). The Philippine Stock Exchange index (PSEi) fell by 0.74% or 47.29 points to close at […]
Read more →PHL junks Chinese envoy’s claim on resupply
THE National Maritime Council (NMC) on Thursday rejected statements by China’s ambassador regarding the Philippines’ rotation and resupply missions to Second Thomas Shoal, saying they misrepresent both the country’s sovereign rights and the scope of the provisional arrangement governing the operations. In a statement, the council said the provisional understanding was established solely to facilitate […]
Read more →Estrada seeks bail release
SENATOR Jose “Jinggoy” P. Ejercito Estrada, Jr. has filed a petition for bail with the Sandiganbayan to secure provisional liberty in his plunder case. In a pleading submitted on Wednesday, Mr. Estrada argued the prosecution’s evidence against him is not strong, meeting the threshold for granting bail in cases otherwise punishable by life imprisonment. The […]
Read more →LTFRB opens motorcycle taxi bids
THE Land Transportation Franchising and Regulatory Board (LTFRB) has opened accreditation for motorcycle taxi platforms as it reviews rider cap allocations. LTFRB Chairman Vigor D. Mendoza II said the move aims to ensure an orderly public transport system. The rider cap remains at 45,000, allocated among Angkas (23,164), Joyride (15,000) and Move It (6,836). Separately, […]
Read more →Angat Dam level rises 3.5 meters
ANGAT DAM’S water level rose by 3.48 meters on Thursday after days of rain brought by a low-pressure area and other weather systems, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said. The water level climbed to 154.33 meters from 150.85 meters on Wednesday but remained below the 160-meter critical operating level. PAGASA said […]
Read more →Hiraya Water launches P600-million rehab program for Dasmariñas network
Hiraya Water Corp., formerly known as Primewater Infrastructure Corp., has launched a P600-million capital expenditure program to rehabilitate and expand the water distribution system in Dasmariñas City, marking the first major infrastructure rollout under its new ownership by Crystal Bridges Holdings Corp. The company also recently secured approval from the Securities and Exchange Commission to […]
Read more →Banolmi eyes expansion of indigenous coffee enterprise
Social enterprise Banolmi is looking to expand its rainforest coffee model to more indigenous communities in the Cordillera as it seeks to improve farmers’ incomes while promoting forest conservation and preserving indigenous heritage, its co-founder said. Banolmi was established as a marketing platform for sustainably grown products after its founders launched Barlig Rainforest Coffee in […]
Read more →UNIQLO spotlights Filipino artisans in 70th year of Japan-PHL ties
UNIQLO Philippines marked the 70th anniversary of diplomatic relations between the Philippines and Japan by launching new sustainability and cultural initiatives, including handcrafted artisan patches made by indigenous Filipino communities, and expanded partnerships supporting education, tourism, and community development. Speaking at the launch event, UNIQLO Philippines Chief Operating Officer Ikezoe Osamu said the company views […]
Read more →PhilSA warns ships, aircraft of potential China rocket debris in waters off Northern Luzon
The Philippine Space Agency (PhilSA) on Thursday said that debris from China’s rocket launch this morning may fall within identified drop zones (DZs) located in the waters off Northern Luzon, posing a danger to ships, aircraft, fishing boats, and other vessels traversing the area. The debris from the Long March 6A rocket, launched at around […]
Read more →Globe’s Hapag Movement bags two wins at PR Asia Awards
The program’s growing impact tests Globe’s ecosystem-driven approach to nation-building Globe’s Hapag Movement, an initiative to alleviate involuntary hunger across the country, continues to earn global recognition for its long-term, community-centered approach to end hunger. The program garnered two honors at the Marketing Interactive PR Asia Awards in Singapore. The Hapag Movement bagged a Silver […]
Read more →The new ‘My SM’: How the Filipino consumer is redefining the mall experience
Customers continue to be the transformation driver for SM Supermalls. Following undisrupted foot traffic and positive business performance in the first half of 2026, the mall operating arm of SM Prime Holdings, Inc. has noted three key factors that maintained market interest despite scaled consumption patterns earlier in the year. “Filipinos kept showing up for […]
Read more →Philippines’ trade deficit widens to $4.94 billion in June
By Beatriz Marie D. Cruz, Senior Reporter THE PHILIPPINES’ trade deficit in goods ballooned to $4.94 billion in June as exports and imports posted double-digit growth, the Philippine Statistics Authority (PSA) said. Preliminary data from the PSA showed the trade-in-goods balance — the difference between exports and imports — stood at a $4.94-billion deficit in […]
Read more →DA-BFAR to boost aquaculture potential of samaral
The Department of Agriculture-Bureau of Fisheries and Aquatic Resources (DA-BFAR) is promoting the culture of siganids, or rabbitfish (Siganus spp.), locally known as samaral, as part of its efforts to diversify Philippine aquaculture and create more livelihood opportunities for Filipino fisherfolk and fish farmers. The DA and the BFAR see samaral as a promising species for aquaculture diversification, building […]
Read more →Casino Plus hits new milestone with P100-million Color Game Ultimate Jackpot
Casino Plus, one of the country’s leading responsible digital entertainment platforms licensed by the Philippine Amusement and Gaming Corporation (PAGCOR), announced today that its iconic live-streamed title, Color Game, has reached a monumental nine-figure threshold, with its Ultimate Jackpot officially crossing P100,730,456.94. This latest milestone builds on Color Game’s strong track record of generating PAGCOR-verified […]
Read more →Tax relief plan to benefit 3M workers, but cost P66B in foregone revenues — DoF
TWO TAX RELIEF MEASURES proposed by President Ferdinand R. Marcos, Jr. would benefit at least 3.13 million workers and 78,000 small businesses but cost the government about P66 billion in annual foregone revenue, the Department of Finance (DoF) said.
Read more →PHL rolls out interoperable direct debit facility and Instapay for businesses
THE BANGKO SENTRAL ng Pilipinas (BSP) and the Philippine Payments Management, Inc. (PPMI) have rolled out the Philippines’ first interoperable direct debit facility and introduced a real-time fund transfer facility for businesses.
Read more →Five Metro Manila IT parks apply for PEZA ecozone status
FIVE information technology (IT) parks and centers in Metro Manila are applying to become Philippine Economic Zone Authority (PEZA)-registered economic zones (ecozones), the Department of Trade and Industry (DTI) said.
Read more →Inflation risks likely weighed on Q2 economic growth
PHILIPPINE ECONOMIC GROWTH likely slowed to 2.5% in the second quarter as elevated inflation and subdued business confidence weighed on recovery, economists at the University of Asia and the Pacific (UA&P) said. In the July issue of The Market Call, UA&P trimmed its second-quarter gross domestic product (GDP) growth estimate to 2.5% from 2.6% previously. […]
Read more →Meralco first-half core income up 3.8% on generation, retail supply
MANILA Electric Co. (Meralco) posted a 3.8% increase in its consolidated core net income (CCNI) for the first half, driven by stronger contributions from its power generation and retail electricity supply businesses.
Read more →AboitizPower Q2 net income rises 31% on higher power prices
POWER producer Aboitiz Power Corp. (AboitizPower) reported a 31% increase in its second-quarter (Q2) net income, driven by stronger electricity prices, higher generation from its hydropower facilities, and contributions from newly commissioned solar plants. In a disclosure to the stock exchange on Wednesday, AboitizPower said its net income for the April-to-June period rose to P10.5 […]
Read more →Rockwell Land secures P15-billion BPI term loan
ROCKWELL LAND Corp. has secured a P15-billion term loan facility from the Bank of the Philippine Islands (BPI) to partially finance its capital expenditures and other general corporate requirements. In a stock exchange disclosure on Wednesday, the property developer said the proceeds would be used to partially fund its capital expenditures and other general corporate […]
Read more →Philex Q2 profit more than doubles on Padcal recovery, metal prices
PHILEX MINING Corp. more than doubled its second-quarter (Q2) attributable net income as operations at its Padcal mine normalized following rehabilitation works and gold and copper prices remained elevated. In a statement on Wednesday, the Manuel V. Pangilinan-led miner said attributable net income for the April-to-June period rose to P392 million, more than double the […]
Read more →Big hungry dog
WE’VE never had a dinner quite like this: with a mascot of a big Black Dog peering over us as we ate.
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