Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
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PAL to resume Manila-Dubai flights in October
PHILIPPINE AIRLINES, Inc. (PAL) will resume nonstop flights between Manila and Dubai starting Oct. 2, following a two-month suspension due to airspace safety risks linked to the Middle East conflict. In a statement on Monday, the flag carrier said it will initially operate four weekly flights between Manila and Dubai, restoring direct air links between […]
Read more →Queer stories in focus at community-based screening
SIX short films centered on LGBTQ+ (lesbian, gay, bisexual, trans, queer plus) stories were screened at a Pride Month event organized by the film collective Hyperfocus.
Read more →A Brown unit secures DoE authority for first solar project
A BROWN CO., Inc. (ABCI) has secured a certificate of authority (CoA) from the Department of Energy (DoE) for its first solar power project, allowing the company to begin pre-development activities for the proposed facility in Bukidnon. In a disclosure on Monday, ABCI said its indirect wholly owned subsidiary Manolo Fortich Power Corp. (MFPC) received […]
Read more →Globe launches Starlink direct-to-cell service after NTC approval
GLOBE Telecom, Inc. said it has become the country’s first telecommunications operator to commercially offer direct-to-cell satellite connectivity after receiving regulatory approval to deploy Starlink’s Direct to Cell technology. In a statement on Monday, Globe said the National Telecommunications Commission (NTC) approved the commercial rollout of Starlink’s direct-to-cell satellite service nationwide. “This new satellite-to-mobile technology […]
Read more →Yields on short-term gov’t debt end higher on hawkish BSP, Fed
THE GOVERNMENT fully awarded the short-term bills it offered on Monday with mostly higher average yields following hawkish signals from both the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve, and with the Middle East conflict still unresolved. The Bureau of the Treasury (BTr) raised a combined P90 billion as planned from the […]
Read more →Great ideas don’t grow old: Understanding new urbanism
IN 1943, Winston Churchill said, “We shape our buildings; thereafter they shape us.” This rings true even for cities. A city is more than just a collection of buildings, it is the culmination of human aspiration and dreams. How we build our cities matters because it shapes the lives of the people living in them. […]
Read more →Financial reporting in an era of economic volatility: What boards and audit committees must do
At the recent Philippine Institute of Certified Public Accountants Metro Manila Region (PICPA MMR) International Conference in Toronto, Grant Thornton highlighted how economic volatility is reshaping financial reporting. The message is clear: uncertainty now affects many of the judgments, estimates, and disclosures behind financial statements. Risks, such as inflation, policy changes, geopolitical tension, supply chain […]
Read more →Entertainment News (06/30/26)
MOVIEGOERS can once again enjoy discounted cinema tickets as Robinsons Movieworld revives its popular 45% off promotion from June 26 to Sept. 25.
Read more →PSE says Top Line is fastest post-IPO FOO issuer
THE Philippine Stock Exchange, Inc. (PSE) said Top Line Business Development Corp. has become the fastest newly listed company to return to the capital markets through a follow-on offering (FOO), completing the transaction 14 months after its initial public offering (IPO). The Cebu-based fuel distributor and retailer listed its Series A-1 and Series A-2 perpetual […]
Read more →Metro Pacific Agro to build new dairy processing plant by 2027
METRO PACIFIC Agro Ventures, Inc. (MPAV), the agribusiness arm of Metro Pacific Investments Corp. (MPIC), plans to build a new dairy processing plant at its farm in Bay, Laguna, by the middle of next year as it seeks to extend the shelf life of its fresh milk products.
Read more →BPI removes InstaPay, PESONet transfer fees
BANK of the Philippine Islands (BPI) is making interbank fund transfers permanently free starting next month as it will no longer charge fees for InstaPay and PESONet transactions. Effective July 1, BPI customers making fund transfers to other banks and e-wallets through the BPI app, online banking platform, its e-wallet VYBE, BanKo, and BizKo and […]
Read more →Peso climbs with US, Iran set to resume talks
THE PESO strengthened against the dollar on Monday after the United States and Iran agreed to stop the latest exchange of attacks and restart their peace talks. The currency appreciated by 12 centavos to close at P61.17 versus the greenback from P61.29 on Friday, based on Bankers Association of the Philippines data posted on its […]
Read more →BSP sets governance principles for banks’ responsible, ethical AI use
PHILIPPINE financial institutions should develop artificial intelligence (AI) governance frameworks that reflect the extent and complexity of their use of these emerging technologies in their operations to manage potential risks and establish safeguards for ethical use, the Bangko Sentral ng Pilipinas (BSP) said. The BSP, through Memorandum No. M-2026-031 dated June 24, issued a guidance […]
Read more →‘Accountability for Visayas power woes begins with DOE’
Who should ultimately be held accountable for the recurring grid alerts and power outages in the Visayas?
Read more →BSP pushes AI governance framework for financial stability
The Bangko Sentral ng Pilipinas is urging banks and nonbanks to craft their artificial intelligence governance frameworks to address adoption risks, such as data privacy concerns, bias and reputational damage.
Read more →Ecozone investments nearly double in H1
Investments approved by the Philippine Economic Zone Authority surged by 94 percent in the first semester, putting the agency on track to hit its target.
Read more →Further BSP tightening to cushion peso fall
Extended policy tightening by the Bangko Sentral ng Pilipinas could help cushion the weakening of the peso against the dollar, barring any further price energy price shocks.
Read more →GCash parent files record P92.3 billion IPO
The parent firm of e-wallet giant GCash has filed for a P92.3-billion initial public offering at the Philippine Stock Exchange, an offer set to become the largest in history.
Read more →Globe lights up satellite service for mobile phones
Globe Telecom Inc. has launched its satellite-to-mobile service to the public, offering subscribers connectivity access even in areas without terrestrial coverage.
Read more →Government urged to take active role in digital infrastructure financing
A consumer advocacy group has urged the government and development finance institutions to take a more active role in financing the country’s digital infrastructure, warning that the Philippines risks falling behind global standards if it continues to rely primarily on telecommunications companies to fund the country’s digital transformation.
Read more →ICC clears LRT-1 South common station, 3 others
The Investment Coordination Committee-Cabinet Committee has approved four public investment projects, including the Light Rail Transit Line 1 common station.
Read more →Nearly 200 power firms face DOE blacklisting
At least 175 power producers are at risk of blacklisting over prolonged plant outages that have strained the country’s electricity system and triggered blackouts, according to the Department of Energy.
Read more →NFA grain testing upgrade gets P124 million Japan funding
The National Food Authority will receive P124 million in funding from the Japanese government to fund upgrades for its grain quality testing systems, a move that could help reduce post-harvest losses.
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