Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
9958 articles across all sources
AboitizPower energizes 92.55-MWp Pangasinan solar farm
ABOITIZ POWER CORP. (AboitizPower) has energized its 92.55-megawatt-peak (MWp) San Manuel Solar Power Plant in Pangasinan, expanding its renewable energy portfolio and adding capacity to the Luzon grid. The facility, developed by Aboitiz Renewables, Inc., the company’s renewable energy arm, has begun delivering electricity to the Luzon grid, AboitizPower said in a statement on Tuesday. […]
Read more →Peso weakens on mixed US-Iran signals
THE PESO weakened anew against the dollar on Tuesday amid conflicting signals from the United States and Iran about the resumption of peace talks. The currency fell by 19 centavos to close at P61.36 versus the greenback from P61.17 on Monday, based on Bankers Association of the Philippines data posted on its website. The local […]
Read more →Energy security requires investment beyond power generation
The Energy Regulatory Commission (ERC) is expected to release the next rate reset ruling under its updated regulatory framework for power distribution. The rate reset process establishes the rules and parameters governing investments, operations, and pricing in the distribution sector. As the segment of the power industry that directly serves consumers, distribution utilities play a […]
Read more →Megaworld says 1st half office lease renewals jumped 45.6%
MEGAWORLD CORP. posted a 45.6% increase in office lease renewals in the first half, driven by demand across its integrated township developments and the full occupancy of 24 office towers in its portfolio. The property developer renewed about 122,000 square meters (sq.m.) of office leases in the January-to-June period, up from 83,353 sq.m. in the […]
Read more →SEC, Mynt, Fuse partner on financial literacy campaign
THE Securities and Exchange Commission (SEC), Mynt, Inc., and Fuse Financing, Inc. have signed a memorandum of understanding (MoU) to collaborate on financial literacy, responsible borrowing, and consumer protection initiatives. In a statement on Tuesday, the SEC said the agreement provides a framework for the three organizations to develop and distribute SEC-approved educational materials through […]
Read more →Banks’ FCDU loans slip as of March
OUTSTANDING LOANS granted by banks’ foreign currency deposit units (FCDU) went down at end-March as loans to nonresidents dropped, data from the Bangko Sentral ng Pilipinas (BSP) showed. FCDU loans were at $15.439 billion as of March, declining from $15.782 billion in the comparable year-ago period and $15.561 billion at end-December, the central bank said […]
Read more →AboitizPower expands solar presence in Pangasinan
Aboitiz Power Corp., the country’s leading generation firm, has further strengthened its solar portfolio with the energization of a new large-scale facility in Pangasinan.
Read more →Banks’ FCDU loans slip to $15.4 billion in end-March
Foreign currency deposit unit loans granted by banks slipped by 0.8 percent to $15.44 billion in end-March from $15.56 billion in end-December, preliminary data from the Bangko Sentral ng Pilipinas showed.
Read more →BPI waives interbank transfer fees
Bank of the Philippine Islands is permanently waiving charges on fund transfers made via InstaPay and PESONet starting yesterday, in a bid to widen financial access and accelerate digital adoption.
Read more →BSP sees June inflation still elevated at 6-7%
Inflation is expected to remain elevated at six to seven percent in June as higher electricity and vegetables offset softer oil and food costs, the Bangko Sentral ng Pilipinas said.
Read more →Century Pacific Food eyes double-digit profit growth
The Po family’s Century Pacific Food Inc. is looking to end the year with a double-digit growth in both revenue and profit, driven by sustained demand for its food products.
Read more →CPG raises P3 billion for future projects
The Antonio family’s Century Properties Group Inc. has listed its P3-billion notes on the Philippine Dealing and Exchange Corp. to raise funds for future projects.
Read more →DMPL net profit soars to $48.4 million
Singapore and Philippine-listed Del Monte Pacific Ltd. saw its earnings soar for the fiscal year ended April 30, 2026, on the back of stronger sales, gross margin expansion and improved operating income.
Read more →EvoEnergi brings Metro Manila homes to retail market
EvoEnergi, a power retailer under the Lao family’s D&L Group, has facilitated the entry of two residential retail aggregation groups into the contestable electricity market.
Read more →Exploited
I woke up Tuesday morning to news of a big rally to support a senator facing plunder charges, and who supports Vice President Sara Duterte.
Read more →Factory gate prices climb faster in May
Producer prices in May rose at their highest pace in over three years, driven mainly by the increase in prices of electronic products, according to the Philippine Statistics Authority.
Read more →GEA-All suspended for 2 more months
Consumers will not pay for the green energy auction allowance in their electricity bills for another two months following the extension of its suspension until August.
Read more →Landbank OKs P800 million for Palawan microgrids
State-run Land Bank of the Philippines has granted an P800-million financing facility to Archipelago Renewables Corp. to build hybrid renewable energy microgrids across 14 underserved barangays, aiming to expand clean energy access in Palawan.
Read more →Megaworld inks 122,000 sqm lease renewals in H1
Property giant Megaworld Corp. closed the lease renewal for more than 122,000 square meters office space in the first half, lifted by recovering demand from corporate clients.
Read more →‘Meralco poised for another record year’
Tycoon Manuel V. Pangilinan is optimistic that power giant Manila Electric Co. is headed for another record year, with earnings likely to exceed its 2025 high of P50.6 billion.
Read more →Philippines pineapples arrive in UAE
Philippine pineapples have arrived in the United Arab Emirates as part of the country’s push to broaden its agricultural export markets, the Department of Agriculture said yesterday.
Read more →Stocks drop as investors take profits
Investors yesterday locked in on gains and reorganized their stocks ahead of an uncertain second half, snapping the local stock market’s three-day winning streak.
Read more →Tough times
In less than a month, BBM will be delivering his State of the Nation Address.
Read more →