Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1505 articles from PhilStar Business
DOE: 17 power firms line up for P10 billion geothermal funding
At least 17 power companies are vying for a share of the government’s P10-billion financing program to support geothermal energy exploration across the country.
Read more →Farmers see higher mill prices as sweetener imports tighten
Local sugar producers are hopeful of better millgate prices as the government tightens imports of artificial sweeteners, according to an industry group.
Read more →Favorable market conditions seen as sweet boost for cacao industry
The country’s cacao industry may be entering a sweet spot for expansion, with favorable market conditions providing fresh momentum, according to the University of Asia and the Pacific-Center for Food and Agri Business.
Read more →Jollibee Group named global growth champion
Jollibee Group has been named Global Growth Champion at the inaugural Globie Awards, the awards program of the Global Restaurant Leadership Conference, which brings together senior executives in the global restaurant and food service industry.
Read more →Maynilad, K-Water bag OPS for P14.8 billion Clark contract
The consortium of Maynilad Water Services Inc. and Korea Water Resources Corp. have secured the original proponent status for the proposed P14.8-billion long-term water supply and wastewater management project in New Clark City in Tarlac.
Read more →Moderate pickup in consumer spending seen
Household consumption is likely to pick up modestly for the rest of the year if inflation continues to ease and public infrastructure spending accelerates, according to the Department of Economy, Planning and Development.
Read more →MPTC revenues rise despite softer Philippines traffic
Pangilinan-led Metro Pacific Tollways Corp. kept revenue growth on track in the first half as its expanding toll-road network helped offset softer domestic traffic.
Read more →POCB, DMW partner to expand construction industry prospects
The Philippine Overseas Construction Board and the Department of Migrant Workers have teamed up to help expand global opportunities for local construction firms and workers.
Read more →RHR sets sights on Fili Hotel expansion
Robinsons Hotels and Resorts, the hospitality arm of the Gokongwei family’s Robinsons Land Corp., is setting its sights on expanding its five-star Fili Hotel and establishing it as a major regional hospitality brand.
Read more →Rice imports already surpass full 2025 level
The country’s rice imports have already surpassed the 3.39 million metric tons logged last year, as the government moves to boost its buffer stocks ahead of the incoming El Niño weather disturbance.
Read more →Several regional airports primed for upgrade in 2027
Several airport upgrades are scheduled for completion next year as these are banked on to increase passenger traffic into the regions by allowing larger aircraft to land.
Read more →The price of inclusion
Eleven years ago, I stood before an audience at the Microfinance Council of the Philippines Annual Conference and made the case for electronic payments as a driver of inclusive growth.
Read more →When a theory is no match to practical knowledge
A cocky management consultant on vacation sits next to a farmer on a three-hour train ride to a rural town.
Read more →Oil price rollback set in first week of September
Motorists will get some relief at the pump Tuesday.
Read more →ALI reinforces sustainability drive
Property giant Ayala Land Inc. (ALI) continues to advance its sustainability performance after being named among TIME’s World’s Most Sustainable Companies for the second consecutive year.
Read more →Alliance Global shifts key properties to clean power
Alliance Global Group Inc. (AGI) of tycoon Andrew Tan has installed renewable energy in its key properties and facilities across Metro Manila, Iloilo and Davao.
Read more →BSP plans liquidity tests for big banks
The Bangko Sentral ng Pilipinas (BSP) plans to require domestic systemically important banks to maintain access to its short-term lending facility and to test that access every year, as part of reforms intended to speed up liquidity support during periods of funding stress.
Read more →Budget airlines to boost seat capacity in Q4
The country’s budget carriers are increasing seat capacity by up to 10 percent to end the year, as they look to salvage what remains of Philippine demand at a time when fares have been rising.
Read more →DOE plans to restart coal capacity buildup
The Department of Energy (DOE) is seeking to fast-track up to 5,000 megawatts of new coal-fired capacity to avert blackouts as the country ramps up its rollout of renewable power.
Read more →Focus on ancillary!
After all the brouhaha over systems losses being blamed for rising electricity bills, the best that our government can do is to offer to remove the 12 percent VAT on systems losses. That’s peanuts. Our government can certainly do more.
Read more →Government borrowings surge to P291 billion
The Marcos administration’s gross borrowings jumped by more than 75 percent in July from the previous year, driven by a surge in domestic borrowing as the government moved to plug the budget gap.
Read more →Hawkish Warsh in Jackson Hole
Last Friday, Fed Chair Kevin Warsh delivered his first Jackson Hole speech.
Read more →Poll: Inflation likely eased slightly in August
Inflation may have stayed above six percent in August as higher food and fuel prices, weather-related supply disruptions and the peso’s weakness kept price pressures elevated, economists said.
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