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Philippines Business News

Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.

10028 articles across all sources

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Manila Times BusinessJun 29, 2026

1,400 dead, 50,000 missing in Venezuela

LA GUAIRA, Venezuela — Rescue crews raced Saturday to find survivors in the rubble of Venezuela’s powerful earthquakes as the death toll reached 1,430 and hopes dwindled more than three days after the earth roared and rumbled. Tens of thousands of people were reported missing as collapsed buildings dotted cities in a country already enduring an economic crisis and political upheaval after US special forces captured authoritarian leader Nicolas Maduro in January. Millions of people we

Manila Times BusinessJun 29, 2026

External gap to widen as global risks increase

THE country’s external position is expected to remain under pressure through 2027, with the Bangko Sentral ng Pilipinas (BSP) projecting a wider balance of payments (BOP) deficit amid elevated global risks, higher oil prices and structural constraints. “[C]ost-driven trade imbalances and tighter financial conditions continue to shape both current account and financing dynamics,” the central bank said in explaining the outlook in a statement issued late on Friday. Revised projec

BusinessWorld BankingJun 29, 2026

GS rates to track secondary mart

YIELDS on government securities (GS) to be auctioned off this week may end mixed, tracking secondary market movements as rocky talks between the United States and Iran stoked fresh volatility. On Monday, the Bureau of the Treasury (BTr) will offer up to P90 billion in short-term securities. Broken down, it will sell P30 billion in […]

BusinessWorld BankingJun 29, 2026

Peso to stay at P61 level as war continues

THE PESO may continue to move sideways against the dollar this week as players remain cautious over developments in the Middle East, with prospects of an end to the four-month war still dim. On Friday, the local unit closed at P61.29 per dollar, unchanged from the previous day’s close. Week on week, the peso fell […]

BusinessWorld BankingJun 29, 2026

BSP securities’ average rate rises despite strong demand

THE SHORT-TERM bills of the Bangko Sentral ng Pilipinas (BSP) fetched a higher average yield on Friday even as demand continued to increase. Tenders for the 28-day BSP bills reached P85.659 billion, almost triple the P30 billion placed on the auction block and higher than the P70.215 billion in tenders for the same offer volume […]

BusinessWorld BankingJun 29, 2026

Debt yields end mixed on fragile US-Iran peace deal

YIELDS on government securities (GS) were mixed last week on continued uncertainty over ongoing negotiations to end the conflict between the United States and Iran, and as US inflation data fueled rate hike speculations. GS yields edged up by an average of 0.36 basis point (bp) week on week, according to PHP Bloomberg Valuation Service […]

PhilStar BusinessJun 29, 2026

AboitizPower retains lead in power generation market

Aboitiz Power Corp. remains the country’s leading power generation company, with its market share edging close to the limit set by the Energy Regulatory Commission.

PhilStar BusinessJun 29, 2026

Airfares to hit lowest levels in three months

Travelers planning to book a flight soon may find the cheapest airfares since April following the reduction of the fuel surcharge to a three-month low.

PhilStar BusinessJun 29, 2026

BSP raises BOP deficit forecasts

The Philippines is expected to post wider balance of payments deficits this year and next as elevated global uncertainty, weaker capital inflows and persistent energy price pressures continue to weigh on the country’s external position, the Bangko Sentral ng Pilipinas said.

PhilStar BusinessJun 29, 2026

DMCI bets big on oil palm plantation, targets expansion to 20,000 hectares

DMCI Holdings Inc. plans to expand its oil palm plantation to at least 20,000 hectares over the long term as it seizes opportunities in the country’s ever-growing vegetable oil market, its chairman and president Isidro Consunji said.

PhilStar BusinessJun 29, 2026

Fisheries output on the wane in last 5 years

The performance of the country’s fisheries sector has been declining in the last five years due to rising input costs and intensifying effects of climate change, the Congressional Policy and Budget Research Department said.

PhilStar BusinessJun 29, 2026

Fresh Mideast tensions seen to test stocks

The local stock market may once again make a run to hit 6,150 this week, but things are looking bleak following recent developments in the Middle East, according to analysts.

PhilStar BusinessJun 29, 2026

Government borrowings shrink to P108 billion

The national government’s total gross borrowings declined in May as domestic debt issuance shrank despite external financing surging more than fourfold.

PhilStar BusinessJun 29, 2026

Government raises growth outlook for exports, imports in 2026

The government raised its export growth outlook due to stronger demand for its top shipments while import expansion estimates were tweaked to account for the heavier cost impact of oil prices on the import bill.

PhilStar BusinessJun 29, 2026

Irrational exuberance

Last week, Alan Greenspan died at the age of 100.

PhilStar BusinessJun 29, 2026

Lifting of ban on new Metro Manila ecozones pushed

The Department of Trade and Industry (DTI) and Department of Finance (DOF) are pushing for the lifting of the moratorium on the processing and evaluation of applications for economic zones in Metro Manila imposed under the previous administration.

PhilStar BusinessJun 29, 2026

Magicians and workhorses

Many of us have been wondering why our country is now an economic basket case in a region of tiger economies.

PhilStar BusinessJun 29, 2026

No single technology can connect a nation, says telco chief

As new satellite providers explore opportunities in the Philippines and around the world, discussions about the future of telecommunications often focus on a single question: Will satellites replace traditional mobile networks?

PhilStar BusinessJun 29, 2026

Philippine turns to frozen ube imports to meet surging global demand

With ube or purple yam booming in popularity, the country has been importing frozen ube as local production fails to meet the root crop’s ever-growing demand in international markets.

PhilStar BusinessJun 29, 2026

‘Philippine’s data center push faces power reality check’

The Philippines has the potential to emerge as a regional data center hub, but its next challenge is ensuring that reliable, affordable power can keep pace with surging digital demand.

PhilStar BusinessJun 29, 2026

PSE wants to lower SME public offer size to P100 million

The Philippine Stock Exchange (PSE) hopes to entice small and medium enterprises (SMEs) to list their shares publicly by lowering the minimum offer size by 10 times to just P100 million.

PhilStar BusinessJun 29, 2026

Residential property prices pick up 4.5 percent in Q1

Residential property prices in the Philippines rose in the first quarter, led by higher prices in Metro Manila and a recovery in condominium values, according to the Bangko Sentral ng Pilipinas.

PhilStar BusinessJun 29, 2026

Rockport Power, Meralco partner for retail market push

Emerging energy retailer Rockport Power is teaming up with utility giant Manila Electric Co. (Meralco) to expand its footprint, particularly in the retail electricity market.

PhilStar BusinessJun 29, 2026

Shattering the luxury retail glass barrier

Perhaps it’s just me, but I somehow feel that the government and the business sector are finally synching with each other to help the economy stay on track and push forward with future development goals despite continuing geopolitical turmoil and uncertainty.

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