Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2231 articles across all sources
BSP eyes risk-based framework to assess banks’ ability to protect their customers
THE BANGKO SENTRAL ng Pilipinas (BSP) is proposing a risk-based framework for its assessment of financial institutions’ ability to safeguard consumer rights as part of the implementation of the Financial Products and Services Consumer Protection Act. The central bank is looking to adopt the Financial Consumer Protection Risk-and-Impact Supervisory Model (FCPRISM) that will cover its […]
Read more →EPIRA @ 25
(Second of two parts) In my last column, I shared some reflections on the 25th year of implementation of one of the most economically consequential legislations that the Philippine Congress passed over the last 30 years. (Read Part 1 here: https://tinyurl.com/2d9pgqvj) In June 2001, Congress enacted Republic Act No. 9136 or the Electric Power Industry […]
Read more →SM Group earns 24 governance, investor relations recognitions
SM INVESTMENTS CORP. (SMIC), BDO Unibank, Inc., and SM Prime Holdings, Inc. received a combined 24 recognitions at the 16th Asian Excellence Awards organized by Hong Kong-based publication Corporate Governance Asia. SMIC, the group’s parent company, received eight awards. BDO Unibank received nine, while SM Prime received seven. Among the individual recognitions, SMIC President and […]
Read more →Peso strengthens as oil prices drop
THE PESO gained against the dollar on Thursday as lower global oil prices eased inflation concerns, and as players digested clues on the US central bank’s policy path. The currency climbed by 5.6 centavos to finish at P61.565 versus the greenback from P61.621 on Wednesday, based on Bankers Association of the Philippines data posted on […]
Read more →How algorithms divide a nation
Why is it that despite the abundance of publicly available information about political personalities — their statements, actions, inconsistencies, and even documented misconduct — the truth often fails to persuade a core loyal following? Why do labels such as “pink,” “yellow,” “DDS,” or “Marcos loyalist” endure despite evidence that defies these stereotypes? Why do political […]
Read more →BSP sets rules for banks seeking capital relief
The Bangko Sentral ng Pilipinas has issued reporting guidelines for banks and quasi-banks that plan to avail themselves of temporary capital relief on valuation losses from peso government securities amid market volatility triggered by the Middle East conflict.
Read more →BSP to tighten oversight of banks, e-money issuers
The Bangko Sentral ng Pilipinas is preparing to roll out a new risk-based supervisory model that will tighten oversight of banks and non-bank electronic money issuers based on their potential to harm consumers and their ability to address financial consumer protection risks.
Read more →DA asks traders to halt 5% broken rice imports
Local rice traders have been asked to stop importing five percent broken rice varieties which could compete with the incoming local harvest, Agriculture Secretary Francisco Tiu Laurel Jr. said.
Read more →Good news and bad news
In a simple one paragraph response, the Department of Finance responded yesterday to the World Bank’s announcement that the Philippines has now reached the threshold of an upper-middle income country.
Read more →Government debt piles up to record P18.55 trillion
The Marcos administration’s outstanding debt climbed to P18.55 trillion as of end-May, lifted by fresh domestic borrowings to cover funding needs amid the ongoing war in the Middle East, although the appreciation of the peso against the dollar helped temper the increase, the Bureau of the Treasury said.
Read more →GT Capital executive Jose Crisol passes away
GT Capital Holdings Inc., the diversified conglomerate of the Ty family, has announced the passing of longtime executive Jose Crisol Jr.
Read more →Korean universal health care
Universal health care is a basic human right that is part of the social compact.
Read more →Market cheers Philippines rise to upper-middle income status
The local stock market advanced for a second consecutive session as investors cheered positive macroeconomic developments, including the Philippines’ ascent as an upper-middle income economy.
Read more →Maynilad secures P2 billion loan from CTBC Bank
West Zone concessionaire Maynilad Water Services Inc. has secured a P2 billion loan from CTBC Bank (Philippines) Corp. to support its capital spending program.
Read more →On Roblox, Pinoy kids preyed on by violent extremists
A message arrived on the group chat of seven 15-year-olds in Calamba, Laguna, coming from a “friend” they met on Roblox. It contained a link.
Read more →Philippines urged to recalibrate borrowing program after UMIC upgrade
The Philippines may need to rethink its borrowing strategy after clinching upper-middle income country status, as this could gradually close the door on cheap loans and aid from development partners, analysts said.
Read more →QR Ph now dominates PayMongo payments
QR Ph has overtaken cards and e-wallets as the top payment channel among businesses using PayMongo, as more Filipino merchants shifted to mobile-native payment methods from January to June.
Read more →Senate tackles proposals to amend oil deregulation law
The Senate energy committee under new chair Erwin Tulfo yesterday tackled bills to amend the oil deregulation law and give the government more control over fuel pricing.
Read more →SM Group hauls corporate governance awards
The Sy family’s SM Group has strengthened its governance, sustainability, investor relations and corporate leadership amid an increasingly complex global operating environment.
Read more →TIMEX GROUP TAKES FULL OWNERSHIP OF DANIEL WELLINGTON
Strategic milestone reinforces commitment to accelerating the global watch and jewelry brand SHELTON, Conn., July 2, 2026 /PRNewswire/ -- Timex Group today announced it has completed its acquisition of Daniel Wellington, bringing the globally recognized watch and jewelry brand fully into the Timex Group portfolio. The milestone follows Timex Group's initial 25 percent investment three years ago and positions the company to increase investment in Daniel Wellington's next phase of growth through p
Read more →Innoscience Secures Removal of Court-Enjoined Infineon GaN Products from Display at electronica China 2026
SHANGHAI, July 2, 2026 /PRNewswire/ -- Infineon Technologies was forced to remove certain gallium nitride (GaN) products from its exhibition booth at electronica China 2026 after the products were identified by Innoscience as being subject to a Chinese court injunction prohibiting their sale, offer for sale, and importation in mainland China. The removal took place during the exhibition following intervention by the on-site intellectual property dispute mediation authorities. Court Previously Fo
Read more →Elis continues to expand its network in Brazil with the acquisition of ServBrazil
Elis continues to expand its network in Brazil with the acquisition of ServBrazil Puteaux, July 2, 2026 - Elis, a global leader in circular services, today announces the acquisition of 100% of ServBrasil Soluções Em LavanderiaLtda ("ServBrazil”) in Brazil. ServBrazil, whose revenues reached approximately 5.0 million euros1 in 2025, provides flat linen rental and maintenance services to customers in the healthcare sector. The company operates several laundries located directly in its clients’ fac
Read more →Aedifica NV/SA: Publication relating to a transparency notification
Please find below a press release from Aedifica (a public regulated real estate company under Belgian law, listed on Euronext Brussels and Euronext Amsterdam), regarding a publication relating to a transparency notification from Stichting Pensioenfonds ABP. Attachments Press release EN Communiqué de presse FR Persbericht NL
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