Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
9934 articles across all sources
Proposed social media ban for minors may pose security, privacy risks
A PROPOSED social media ban for Filipinos under 16 years old may do more harm than good and still fail to keep them off the internet, with identity verification requirements also likely to create data governance issues, stakeholders said. Wayvent Innovations, Inc. President Emmanuel Caguimbal said infrastructure to bypass age restrictions is already a “mainstream […]
Read more →AI data center boom needs renewables — IBM Consulting
RENEWABLE ENERGY and battery energy storage systems will be critical to meeting the Philippines’ rising electricity demand from data centers as artificial intelligence (AI) adoption accelerates, according to an IBM Consulting executive.
Read more →BSP says wholesale CBDCs can reduce transaction costs, lags
CROSS-BORDER PAYMENTS, including remittances and institutional transfers, and financial securities settlement are among the most promising applications for a wholesale central bank digital currency (wCBDC) in the Philippines, the Bangko Sentral ng Pilipinas (BSP) said. A report on the central bank’s Project Agila, its pilot project to explore the potential introduction of wCBDCs in the […]
Read more →AI’s greatest defense value may lie in intelligence, not combat
MADRID — Artificial intelligence (AI) is already being used in military drones and defense planning, but industry executives said it may be most valuable for intelligence gathering and decision-making rather than autonomous weapons.
Read more →The Pen looks back over 50 years
SOME of the better moments of one’s life in the Philippines may have been spent at The Peninsula Manila: think weddings, birthdays, and anniversaries, all wrapped up in The Pen’s charm and elegance. Adding to that is its history, spanning 50 years since its opening in 1976 all the way to its 50th anniversary this year.
Read more →SEC warns against two Finbro apps
THE Securities and Exchange Commission (SEC) has warned the public against two online lending applications allegedly misusing the name and regulatory credentials of SOFI Financing, Inc. In an advisory, the corporate regulator said SOFI Financing had informed the SEC that the applications are not owned, operated, maintained, authorized, or affiliated with the company. The SEC […]
Read more →From startup to profitability: The radical reinvention of PayMongo
Fintech is a hot new growth industry where the Philippines is making a significant contribution to the world. One need look no further than Mynt’s GCash to see how Filipinos are shaping the future of finance. But if you do, you’ll find a host of fintech companies each using technology to serve the needs of […]
Read more →Credential abuse becomes preferred cyberattack tactic, Kaspersky says
CREDENTIAL ABUSE is among the most effective techniques used by cyberattackers, with criminals now increasingly relying on these tactics over malware, according to a report by Kaspersky Security Services. Attackers found better success in getting access to users’ data while evading detection via password guessing and valid account misuse in 2025, triggering a shift from […]
Read more →Brunch, Japanese- (and French-) style
THE French and the Japanese have a great mutual admiration for each other, perhaps best proven by the refinement their cultures are said to have, both taking from each other. In a brunch menu by Kazu Café, done in collaboration with chef Miko Calo, this intersection of cultures can be seen and tasted in a […]
Read more →TDF yield climbs on hawkish BSP, Fed
THE CENTRAL BANK’S term deposit facility (TDF) fetched a higher average yield on Wednesday, even as the offer continued to be oversubscribed, amid expectations of hawkish monetary policy here and in the United States. The seven-day term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) attracted P146.927 billion in tenders this week, higher […]
Read more →LT Group completes renewable shift with First Gen
LT GROUP, Inc. (LTG) has completed the transition of its key operating companies to renewable energy through a power supply partnership with Lopez-led First Gen Corp. In a statement on Wednesday, First Gen said LTG’s affiliate companies have successfully shifted to renewable energy under their power supply agreement. The agreement covers Philippine Airlines, Inc. (PAL), […]
Read more →Identity as password
I have two phones: one that uses primarily Face ID and PIN to unlock and to do certain transactions, and another that uses a thumbprint and PIN. Which is safer? Which is more secure? And with authorities now requiring banks to end text-based OTP (one-time password) confirmations for financial transactions, which is safer and more […]
Read more →Samsung Galaxy A27 5G available in PHL starting July 10
SAMSUNG Electronics Co., Ltd. last week launched the Galaxy A27 5G, which will be available in the Philippines starting July 10. The latest addition to the Galaxy A series is priced at P18,990 for the 6GB memory + 128GB storage variant, while the 8GB+256GB model costs P21,990. It has three colors: Black, Blue, and Light […]
Read more →BPI sees stronger customer growth with expanded agency banking, free transfers
BANK of the Philippine Islands (BPI) expects its customer growth to be supported by the continued expansion of its agency banking program and its move to permanently remove InstaPay and PESONet transfer fees. BPI President and Chief Executive Officer Jose Teodoro K. Limcaoco said at a media roundtable on Wednesday that their May BPI Dito […]
Read more →Peso tumbles to over three-week low
THE PESO tumbled to an over three-week low on Wednesday as demand for the dollar was fueled by hawkish US Federal Reserve expectations and continued uncertainty over the Middle East war. The currency fell by 26.1 centavos to finish at P61.621 versus the greenback from P61.36 on Tuesday, based on Bankers Association of the Philippines […]
Read more →AUB leverages generative AI, digitalization as it eyes continued growth
ASIA United Bank Corp. (AUB) has crafted a strategic roadmap showing how it aims to leverage technology and artificial intelligence (AI) to ensure continued growth despite domestic and global economic challenges. AUB is integrating generative AI across its operations in response to evolving customer needs, it said. “Moving beyond basic operational efficiency, AUB is actively […]
Read more →About 95% of P1.5 trillion revenues distributed across broader economy – SMC
Diversified conglomerate San Miguel Corp. said that about 95 percent of its total revenues in 2025 have been distributed across the broader economy, supporting businesses, jobs, public revenues and economic activity.
Read more →AUB maps out AI-led growth plan
Asia United Bank Corp. is leaning on artificial intelligence and a stronger capital base to sustain growth after posting record earnings in 2025, as the banking industry faces a tougher operating environment marked by inflation risks, peso volatility and global uncertainty.
Read more →BSP digital currency pilot shows promise for large-value payments
The Bangko Sentral ng Pilipinas pilot test for a wholesale central bank digital currency (CBDC) showed that digital tokens can help banks settle large-value transactions beyond normal business hours, but the central bank still needs to address legal, regulatory, cybersecurity and scalability issues before any full rollout.
Read more →‘Congestion to affect 88% of Asian airports by 2040’
Airports in Asia-Pacific may face congestion by 2040, prompting a need to decide on what next gateways to build, the International Air Transport Association said.
Read more →DoubleDragon bringing Hotel101 to Thailand
DoubleDragon Corp., the listed company chaired by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, is bringing Hotel101 to Thailand through a partnership with property developer Origin Property Public Co. Ltd.
Read more →DTI, cement makers roll out decarbonization roadmap
Cement manufacturers are aiming to reduce carbon emissions, while producing high quality cement to support the country’s infrastructure development under a roadmap launched in partnership with the government.
Read more →ERC: EV-to-grid rules on target this year
Electric vehicle owners may soon sell electricity back to the grid and earn credits on their power bills, with the regulatory framework enabling the move potentially out this year.
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