Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1264 articles from PhilStar Business
RCBC backs Yuchengco BESS project in Capiz
The Yuchengco Group has secured P635.9 million in financing from its financial services arm Rizal Commercial Banking Corp. (RCBC) for its battery storage project in Capiz.
Read more →Shares bounce back on bargain hunting
The local stock market bounced back strongly as bargain hunters took advantage following the previous day’s drop.
Read more →BDO’s PHP ASEAN Sustainability Bonds due 2028
Please see below for details on BDO’s PHP ASEAN Sustainability Bonds due 2028
Read more →Why more families are looking north for a smarter first home
In Mabalacat City, Pampanga, many families are finding two communities that offer a practical answer: SMDC’s Cheerful Homes and Cheerful Homes 2.
Read more →BanKo, Legazpi Savings Bank merger gets BSP nod
The Bangko Sentral ng Pilipinas has given Ayala-led Bank of the Philippine Islands the green light to merge its thrift banking arms.
Read more →Bataan state university hosts new College of Law
The Bataan Peninsula State University has widened its academic curriculum with the addition of the College of Law, the first and only state-funded legal education institution in the province.
Read more →BDO eyeing P5 billion from 6th sustainability bonds Sy-led
BDO Unibank Inc. is returning to the domestic bond market to raise at least P5 billion from its sixth peso-denominated ASEAN Sustainability Bonds issue, as the country’s largest bank continues to diversify funding sources for sustainable finance and lending activities.
Read more →DigiPlus allots P5.36 billion to extend share buyback
DigiPlus Interactive Corp. has extended its share buyback program for another year, with an authorized budget of P5.36 billion.
Read more →First Gen all set for P6 billion hydro development
Lopez-led First Gen Corp. is now ready to begin developing its planned P6-billion pumped storage hydro project in Pantabangan, Nueva Ecija.
Read more →GOCC dividends seen to hit record P147 billion this year
Government-owned or controlled corp. are expected to remit a record P147 billion dividends to the national coffers this year, a major source of non-tax revenues for the government to fund state programs.
Read more →Growth downgrade
Both the International Monetary Fund and the Asian Development Bank have downgraded their growth forecasts, with the IMF projecting a lower global growth of three percent for this year and a slightly better 3.4 percent in 2027.
Read more →Moratorium on new online lending firms lifted by August
The Securities and Exchange Commission is lifting the moratorium on the registration of online lending platforms starting next month, following the issuance of new guidelines prescribing prudential, disclosure and market conduct requirements for financing and lending companies.
Read more →New digital bank licenses still under review – BSP
The Bangko Sentral ng Pilipinas has yet to set a firm timeline for the approval of new digital bank licenses as applications remain under evaluation and are subject to further documentary and corporate requirements.
Read more →No derailing the revival of Bicol Express – PNR
The Philippine National Railways is undertaking new construction work for the revival of the Bicol line, indicating that the project is still on track despite uncertainty in funding.
Read more →PAL back among most punctual airlines in Asia-Pacific
Flag carrier Philippine Airlines emerged as one of the most punctual carriers in Asia-Pacific in June, displaying operational reliability in the aftermath of the Middle East crisis.
Read more →PhilCare raises bar for digital health care
PhilCare, one of the country’s leading HMOs, is officially pivoting the local health care sector into the digital future. By integrating Verisk’s Health Risk Rating Solution, the HMO giant has successfully implemented a fully automated underwriting system for online health insurance. PhilCare is the only HMO that Verisk has partnered with for this groundbreaking initiative.
Read more →Philippines, South Korea scaling up economic cooperation
The Philippines and South Korea are scaling up economic cooperation through strategic investments under the Luzon Economic Corridor and potential collaboration on nuclear energy, the Department of Finance said.
Read more →PhilWeb bags exclusive tie up with Pragmatic Play
PhilWeb Corp. has entered into an exclusive partnership with multi-product software provider Pragmatic Play to expand its technology-enabled gaming services in the country.
Read more →Promo rates, higher loan ceiling bring down Pag-IBIG payments
The Home Development Mutual Fund, commonly known as Pag-IBIG Fund, is extending below-market housing loan rates and maintaining its higher loan ceiling, leveraging its strong financial position to keep homeownership affordable for Filipinos.
Read more →Retailers’ group marks 50 years with biggest-ever national conference, expo
The Philippine Retailers Association, the national organization of retailers, shopping centers and industry suppliers, is staging the 32nd National Retail Conference and Expo (NRCE) on Aug. 6–7 at the SMX Convention Center Manila to celebrate its golden anniversary.
Read more →Security Bank marks 75 years
Security Bank is marking its 75th-year milestone with growing customer adoption, disciplined execution, and a clear focus on delivering strong outcomes for customers, shareholders and communities.
Read more →SM Prime launches P7 million SM Seaside Cebu Arena
SM Prime Holdings Inc., the integrated property development arm of the SM Group, has marked the next phase in the development of its South Road Properties (SRP) estate with the launch of the SM Seaside Cebu Arena.
Read more →SMIC recognized anew for corporate governance, sustainability reporting
SM Investments Corp., the listed holding company of the Sy family, has earned recognition from Hong Kong-based investment publication Alpha Southeast Asia for its corporate governance and sustainability reporting, reflecting strong investor and analyst confidence in the company’s management and transparency in reporting its performance.
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