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
GOCC dividends to hit record P147.15 billion in 2026
The DOF says state firm dividends are up 29% to P147.15 billion.
Read more →PwC Philippines admits four new partners to strengthen leadership across assurance and regional practices
Isla Lipana & Co./PwC Philippines, the Philippine member firm of the PwC network, is pleased to announce the admission of four new partners, effective 1 July 2026— strengthening its assurance leadership and sector expertise in the Philippines and Brunei.
Read more →AC Logistics, AP Moller gear up for next phase of growth
Ayala Corp.’s wholly owned subsidiary, AC Logistics, is ready to proceed with its next phase of growth as global institutional fund manager A.P. Moller Capital completed its strategic investment in the company.
Read more →Aramco opening first Philippines gas station
Global oil behemoth Saudi Aramco is marking its return to the Philippine retail fuel market with the opening of its first gasoline station in the country this month.
Read more →Bank lending jumps 12%, fastest in 15 months
Credit growth accelerated for a fourth straight month in May, reaching its fastest pace in more than a year as businesses stepped up borrowing and household credit remained resilient, signaling that earlier monetary easing is beginning to filter through the broader economy.
Read more →BIR reinstates fuel excise tax
The government has lifted the suspension of excise taxes on kerosene and liquefied petroleum gas (LPG) after global crude prices eased, a move that previously sought to cushion households from surging costs amid the Middle East war.
Read more →Dollar reserves climb to 3-month high in May
The country’s foreign exchange buffer climbed to its highest level in three months in June, boosted by the national government’s foreign currency deposits and investment income of the Bangko Sentral ng Pilipinas , although reserves remained lower than a year earlier.
Read more →IMF, ADB lower Philippines growth outlook
Multilateral lenders International Monetary Fund and the Asian Development Bank slashed their growth forecasts for the Philippines for the next two years, citing the weaker-than-expected first-quarter performance and the larger impact of the Middle East conflict on domestic prices and economic activity.
Read more →Jobless rate up to 4.8% in May
Unemployment went up in May from the previous month while underemployment declined, according to the Philippine Statistics Authority.
Read more →MerryMart shareholders OK voluntary delisting
DoubleDragon Corp.’s plan to voluntarily delist MerryMart Consumer Corp. from the Philippine Stock Exchange (PSE) has won the approval of the retailer’s shareholders.
Read more →Offshore wind auction put on indefinite hold
MANILA, Philippines — Just as the country’s offshore wind industry seemed poised for takeoff, its inaugural auction has been suspended indefinitely amid current market challenges, including disruptions caused by the Middle East war. Energy Undersecretary Felix William Fuentebella said the fifth green energy auction (GEA-5) round was placed “on hold until further notice” to give the government time to recalibrate the bidding process. The recalibration will cover key issues
Read more →Phl as upper-middle income country is good, BSP mandatory free fund transfer is bad
Last week, the World Bank released its data on gross national income per capita in 2025.
Read more →PNB waives InstaPay, PESONet transfer fees
Lucio Tan’s Philippine National Bank is waiving transfer fees for domestic fund transfers made through its digital banking platform starting July 10 as part of the bank’s 110th anniversary celebration.
Read more →Rice imports rise to record 2.75 million MT in H1
The country imported 2.75 million metric tons (MT) of rice in the first half, marking a record-high volume for the period, the Bureau of Plant Industry said.
Read more →Rice price cap extension pushed amid lower food prices
Lower food prices, particularly rice, helped ease inflation in June, prompting the National Price Coordinating Council to endorse to the Office of the President the Department of Agriculture (DA)’s recommendation to extend by two months the government’s P50-per-kilo price cap on imported rice.
Read more →Smart taps Nokia for faster roaming
Wireless giant Smart Communications Inc. is working with technology leader Nokia to improve roaming services, exploring a solution that no longer requires international traffic to go through the Philippines.
Read more →Stock market extends winning streak
The local stock market kept its winning streak alive as investors stayed on buying mode, still inspired by the slower June inflation.
Read more →The promise of Phl’s upper-middle income status
The Philippines is now classified as an upper-middle income country, following an upgrade by the World Bank in its latest country income classification update.
Read more →THINKaMuna Pilipinas to help boost media, information literacy among Meralco employees
MediaQuest Holdings Inc. and Meralco on Monday signed a memorandum of agreement for THINKaMuna Pilipinas, the media company’s media and information literacy (MIL) advocacy campaign. The partnership aims to empower the power company’s stakeholders, starting from its employees, to be discerning consumers of information.
Read more →2.5 million Filipinos unemployed in May as jobless rate climbs to 4.8%
Nearly 5 in every 100 Filipinos were reported jobless in May.
Read more →Asia-Pacific carriers face operating challenges
Asia-Pacific carriers continue to face pressure from elevated jet fuel prices, even though the average price of jet fuel fell to $119.13 per barrel in the week ended July 3, according to data monitored by the International Air Transport Association.
Read more →Banks, e-wallets told to explain high transfer fees
The Bangko Sentral ng Pilipinas has summoned several banks and e-wallet operators this week to explain why their electronic fund transfer fees remain high or unchanged, even as more lenders move to waive InstaPay and PESONet charges.
Read more →Easing inflation boosts stock market
The local stock market extended its winning streak as easing inflation in June boosted sentiment.
Read more →