Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2354 articles from BusinessWorld
Macacua poised to stay at BARMM helm
COTABATO CITY — Local executives across the Bangsamoro region are certain that their chief minister, Abdulraof A. Macacua, will remain as the figurehead of the 80-seat parliament via nomination during the first session of newly elected lawmakers. Mr. Macacua, president of the Bangsamoro Federalist Party (BFP), is presently functioning as parliament member and chief minister […]
Read more →DAR to resume e-Title distribution on Monday
THE Department of Agrarian Reform (DAR) on Thursday said it will resume distribution of electronic titles (e-Titles) to landowners on Sept. 21 after a senator flagged a slowdown in its distribution. Senator Francis Pancratius “Kiko” N. Pangilinan observed that, in 2025, the DAR distributed approximately 180,000 e-Titles, a document enabling landowners to secure land tenure […]
Read more →BuCor denies drone escape plot involving South Korean inmate
THE Bureau of Corrections (BuCor) said drones are unlikely to facilitate escapes from its correctional facilities, which are designated no-fly zones and monitored by guards and closed-circuit television systems. “All our Operating Prison and Penal Farms are no-fly zones, and we have watchtowers manned 24/7 which immediately alert our guards if there will be attempts […]
Read more →Taiwan official floats potential semiconductor tie-ups with PHL
THE PHILIPPINES could play a key role in rounding out Taiwan’s semiconductor supply chain, resulting in a major boost to two-way trade, a Taiwan official said.
Read more →User-safety dispute with Meta delays DICT budget hearing
THE Department of Information and Communications Technology (DICT) said it supports the decision by the House of Representatives to defer hearings on the department’s budget over unresolved safety issues with Meta Platforms, Inc. “The DICT fully understands and takes heed of the position of the House of Representatives leadership regarding the deferment of the Department’s […]
Read more →Energy exploration seen attracting up to $324M worth of investment
THE Philippines could generate up to $324 million worth of investment from energy service contracts, the Department of Energy (DoE) said. Energy Undersecretary Giovanni Carlo J. Bacordo said at a Senate budget hearing on Thursday that the potential investments are tied to the 14 contracts recently signed by President Ferdinand R. Marcos, Jr. This brings […]
Read more →PAGCOR sees Q3 GGR declining 9-10%
THE Philippine Amusement and Gaming Corp. (PAGCOR) said it expects third-quarter gross gaming revenue (GGR) to retreat to the mid-P80-billion range, and described the gaming market as “stabilizing.” “For GGR, maybe in the mid-80s for the third quarter,” PAGCOR Chairman and Chief Executive Officer Alejandro H. Tengco told reporters on the sidelines of an event […]
Read more →UMICs face steep climb to high-income tier, ADB think tank says
THE Philippines and other Asian upper-middle income countries (UMICs) face a difficult climb to high-income status due to geopolitical fragmentation, digital transformation, the rise of artificial intelligence (AI) and climate risks, the Asian Development Bank Institute (ADBI) said. “Our current and future challenges are totally different from what South Korea, Singapore, and Hong Kong at […]
Read more →New bid announced for MRT-7 consulting deal
THE Department of Transportation (DoTr) said it is set to rebid the P563.32-million engineering and consultancy and inspection contract for the Metro Rail Transit Line 7 (MRT-7) project. Bidders can submit proposals until Sept. 25, the DoTr said in a request for expression of interest issued on Thursday. The DoTr declared a failed bid on […]
Read more →Perfecting the fold: How Samsung refined the Galaxy foldables
Eight years can change the way people see a piece of technology. What once seemed unfamiliar can become part of everyday life, and features that once felt remarkable can eventually become expectations. That progression is particularly evident in mobile phones. Among these developments, foldable technology introduced a new possibility for a smartphone that could change […]
Read more →DOLE job fairs place 2,467 applicants in jobs
The Department of Labor and Employment (DOLE) said 2,467 jobseekers were hired on the spot during nationwide job fairs held on September 14 as part of President Ferdinand R. Marcos Jr.’s “Handog ng Pangulo 2026” initiative. The job fairs were held across 86 sites nationwide, where 1,352 employers offered 157,097 local and overseas vacancies, DOLE […]
Read more →Malnutrition costs PHL $8.5 billion yearly — World Bank advisor
Malnutrition costs the Philippine economy about $8.5 billion (P534.1 billion), equivalent to 3% of gross domestic product (GDP), each year, underscoring the economic case for greater investment in nutrition, according to a World Bank advisor. World Bank Senior Nutrition Advisor Cecilia Santos-Acuin said the cost of poor nutrition goes beyond individual health, affecting productivity, human […]
Read more →‘Super El Niño’ raises risks for PHL
By Justine Irish D. Tabile, Senior Reporter THE Philippines faces heightened economic risks from a potentially severe El Niño as a prolonged drought threatens agricultural production, food security, as well as water and energy supplies at a time when the government and households are still grappling with other external pressures. Shombi Sharp, deputy executive secretary […]
Read more →Gov’t cancels five-year FXTN offering
By Aaron Michael C. Sy, Reporter THE PHILIPPINE GOVERNMENT has canceled its planned issuance of new fixed-rate Treasury notes (FXTN) this month as borrowing costs surged and the peso further weakened. “Please be advised that the issuance of the five-year FXTN, as indicated in the schedule of Treasury bills and Treasury bonds issuances for the […]
Read more →New sin tax may drive prices of sugary drinks by around 30%
THE DEPARTMENT of Finance’s (DoF) proposal to hike taxes on sugary drinks, alcohol, and tobacco could raise prices of these products by around 30% and push inflation well beyond the central bank’s target ceiling in 2027, Chinabank Research said. In a report on Wednesday, Chinabank Research said the National Government’s (NG) proposed sin taxes, if […]
Read more →Philippines projected to be second fastest-growing economy in SE Asia until 2035
THE PHILIPPINES could emerge as Southeast Asia’s second fastest-growing major economy over the next decade, with growth averaging 5.8% through 2035, according to a report by Bain & Company, DBS Group Holdings, and Vriens & Partners. In the Southeast Asia Outlook 2026-2035 report released on Wednesday, the Philippine economy is projected to grow at an […]
Read more →Aznar Shipping faces cautious market ahead of December listing
CEBU-BASED Aznar Shipping Corp.’s planned initial public offering (IPO) could face a cautious market amid domestic and global economic uncertainties, although its December listing schedule may help if sentiment improves following larger offerings, stock market analysts said.
Read more →Alternergy plans P2-B fundraising for renewable energy projects
RENEWABLE ENERGY producer Alternergy Holdings Corp. plans to raise P2 billion through green fixed-rate notes to support its project pipeline. In a statement on Wednesday, the company said its board of directors had approved the issuance, which will mark its maiden offering in the Philippine debt capital market. The notes will be offered to qualified […]
Read more →LNGPH weighs participation in gov’t gas auction
By Sheldeen Joy Talavera, Reporter LNGPH, a consortium of Meralco PowerGen Corp. (MGEN), Aboitiz Power Corp. (AboitizPower), and San Miguel Global Power Holdings Corp. (SMGP), is studying whether to participate in the government’s planned mid-merit natural gas auction. MGEN President and Chief Executive Officer (CEO) Emmanuel V. Rubio said the consortium is evaluating its participation […]
Read more →Maxicare life insurance arm rebrands to strengthen healthcare integration
MAXICARE Life Insurance Corp. (MaxiLife) has been rebranded to Maxicare Insurance as part of the Maxicare Group’s integration of companies in its stable. The rebranding aims to unify the group’s services and streamline from a traditional health maintenance organization into a broader healthcare group, it said in a statement. The group wants to make preventive […]
Read more →HitPay launches SME solutions
PAYMENT infrastructure provider HitPay has launched a range of financial tools for small and medium enterprises (SME) to help simplify payment management for businesses. To be launched in phases, CFO Stack will first introduce business to business (B2B) collections featuring real-time payment confirmation and reconciliation alongside other payment methods, including cards, PayNow/QR and payment links […]
Read more →Ayala Land Premier starts Gardencourt unit turnover in Taguig
AYALA LAND PREMIER has started turning over units at Gardencourt Residences in Taguig City as parent Ayala Land, Inc. (ALI) targets the delivery of about 13,000 residential units this year. Turnover has begun at Molave, the first of five mid-rise towers planned for the 2.1-hectare development in Arca South, the developer said in a statement […]
Read more →Filipino fintech BCRemit charts expansion path
FILIPINO financial technology (fintech) firm BCRemit is looking to scale its services and expand in other markets after surpassing $1 billion in processed cross-border transfers. The remittance service company plans to extend its cross-border settlement capabilities beyond retail transfers to serve small- and medium-sized enterprises (SMEs), business process outsourcing (BPO) firms, and freelancers, while offering […]
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