Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1861 articles from BusinessWorld
GFTN seals partnership to advise PHL on fintech innovation policy
THE GLOBAL Finance and Technology Network (GFTN) said it is forming a long-term partnership with the Philippines to help bolster financial technology innovation in the Philippines. The Singapore-headquartered policy advisory organization said the partnership hopes to strengthen the Philippines’ role in shaping inclusive financial innovation across ASEAN (Association of Southeast Asian Nations), advancing financial health, […]
Read more →Tonik expands AI adoption with AI Rudder, strengthening customer engagement and operational efficiency
The growth of digital banking in Southeast Asia has transformed how financial institutions connect with customers. As interactions continue to take place across different channels, banks are increasingly looking for ways to maintain service consistency while gaining a better understanding of customer needs. As the first digital-only bank in the Philippines licensed by the Bangko Sentral ng Pilipinas (BSP), […]
Read more →BSP chief sees ‘small chance’ of aggressive tightening amid renewed volatility
By Katherine K. Chan, Reporter The Bangko Sentral ng Pilipinas (BSP) sees only a “small chance” of more aggressive monetary policy tightening this year, despite renewed volatility and expectations of a second-half economic recovery. BSP Governor Eli M. Remolona, Jr. said they could be more aggressive in raising the key policy rate, potentially with a […]
Read more →Progressive groups criticize Marcos policies at People’s SONA
Thousands of protesters from labor, teachers, youth, urban poor, and other sectoral groups marched along Commonwealth Avenue on Monday for the People’s State of the Nation Address (SONA), presenting what they described as the “true state of the nation” hours before President Ferdinand R. Marcos Jr. delivered his fourth State of the Nation Address. Speakers […]
Read more →BFAR launches ATIN-WPS, taps fisherfolk as truth bearers on PH claim in West Philippine Sea
The Bureau of Fisheries and Aquatic Resources (BFAR) has launched a national initiative empowering Filipino fisherfolk as champions of fact-based information and responsible public discourse on the Philippines’ claim in the West Philippine Sea. Called the Alliance of Truthful Information and Narratives on the West Philippine Sea (ATIN WPS), the effort taps Filipino fishermen in […]
Read more →Marcos pushes tax breaks, reforms
PRESIDENT Ferdinand R. Marcos, Jr. on Monday asked Congress to pass a package of tax measures, including broader income tax exemptions for low- and middle-income earners and tax exemptions for micro, small, and medium enterprises, as he laid out his administration’s legislative priorities for the remainder of his term.
Read more →Philippines to be 4th slowest-growing ASEAN economy this year — AMRO
THE PHILIPPINES could be Southeast Asia’s fourth slowest-growing economy this year despite limited spillovers from the Middle East conflict, as its heavy reliance on imported oil and weak investment climate continue to weigh on growth, the ASEAN+3 Macroeconomic Research Office (AMRO) said.
Read more →Philippine banks’ assets hit new high P31 trillion
ASSETS held by Philippine banks hit a record high as it topped P31 trillion by the end of the first half, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed. The combined assets of the local banking sector were valued at P31.128 trillion as of end-June, up 10.34% from P28.211 trillion in the same […]
Read more →Philippines urged to resolve structural issues to draw more foreign investments
THE PHILIPPINES should address its mounting structural issues clouding investor sentiment to reposition itself as an attractive hub for foreign investments, GlobalSource Partners said. In an interview with BusinessWorld, GlobalSource Partners Principal Advisor Diwa C. Guinigundo said the country should heed the “wake-up call” from the recent foreign direct investment (FDI) slump by implementing structural […]
Read more →Maynilad to replace Converge in PSEi
THE Philippine Stock Exchange (PSE) on Monday said Maynilad Water Services, Inc. (MYNLD) will replace Converge Information and Communications Technology Solutions, Inc. (CNVRG) in the Philippine Stock Exchange index (PSEi) following its latest review covering trading activity from July 2025 to June 2026. The changes, which take effect on Aug. 3, will also see Aboitiz […]
Read more →MREIT approves P27-B asset infusion to diversify portfolio
MREIT, INC. is moving forward with the next phase of its portfolio diversification after its board approved a P27-billion property-for-share swap that will add retail, hotel, and office assets to its portfolio. In a statement on Monday, the real estate investment trust (REIT) of Megaworld Corp. said the transaction, which remains subject to Securities and […]
Read more →PNB Holdings sets Sept. 25 listing by introduction
PHILIPPINE National Bank (PNB) said PNB Holdings Corp. (PHC), an associate of the bank, has set Sept. 25 as the target date for the listing of its shares on the Philippine Stock Exchange (PSE) by way of introduction. In a statement issued on Monday, PNB said the planned listing would allow PHC shares to be […]
Read more →SunAsia eyes P12-B floating solar projects in Laguna
SUNASIA ENERGY, Inc. is seeking to expand its renewable energy portfolio in Luzon with plans to develop P12.04 billion worth of floating solar power projects in Laguna. NewAsia Power Energy II Corp. (NPE2C) and Nortesol II Inc. (N2I), both subsidiaries of SunAsia, are proposing to develop two floating photovoltaic (PV) power plants with a capacity […]
Read more →AG&P Industrial to build 85-ha fabrication yard in Batangas
ATLANTIC, GULF & PACIFIC Company of Manila, Inc. (AG&P Industrial) has broken ground on an 85-hectare (ha) module fabrication yard in San Pascual, Batangas, with operations targeted to begin in the fourth quarter of 2027. The facility will have an annual fabrication capacity of 80,000 metric tons, the engineering and infrastructure company said in a […]
Read more →National renewal through conversion: Rebuilding our nation
Every election season, every change of administration, and every national crisis brings forth from the public, private, and civil society sectors still another wave of proposals to solve the Philippines’ enduring problems. Experts recommend reforms in education, healthcare, agriculture, governance, anti-corruption, infrastructure, and economic policy. Civil society organizations advocate transparency, environmental protection, and human rights. […]
Read more →T-bill yields decline on strong investor demand
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday as yields dropped across the board on robust demand for short tenors and with sentiment getting a boost as global crude oil prices eased over the weekend amid renewed hopes for a de-escalation in the Middle East conflict. The Bureau […]
Read more →MocaMoca says user base tops 20 million in Philippines
ONLINE lending platform MocaMoca said it has surpassed 20 million users in the Philippines, five years after it began operations. “Many Filipinos still face barriers when accessing formal credit. Our goal is to remove those barriers through a lending experience that is simple, transparent, and built around the needs of borrowers, while maintaining the highest […]
Read more →Manila climbs to 2nd in global prime home price index
METRO MANILA ranked second in Knight Frank’s Prime Global Cities Index for the first quarter of 2026 after annual prime residential prices rose 19.9% from a year earlier, according to Santos Knight Frank. “It is a strong vote of confidence in the luxury residential market. This recognition was driven by the exceptional performance of the […]
Read more →SB19 named Philippine tourism ambassadors
PINOY POP (P-pop) group SB19 was named as an official Philippine tourism ambassador on Sunday, recognizing their role in representing the country’s pop music in the global scene. “SB19’s talent is undeniable. Their music is powerful and so is their influence. They have the reach to connect with fans across the United States, Europe, ASEAN, […]
Read more →BDO Q2 net income slips 1.43% on higher loan loss provisioning
BDO UNIBANK, Inc. saw its net profit drop by 1.43% in the second quarter due to higher costs and loan loss provisioning, coupled with lower trading gains. The bank’s attributable net income declined to P20.61 billion in the period from P20.91 billion in the year prior, according to its quarterly report. This brought BDO’s first-half […]
Read more →SOCResources, Inc. to hold Annual Stockholders’ Meeting on Aug. 28 via Zoom
The Company’s Annual Report, Definitive SEC Form 20-IS and 1st Quarter 2026 report will be uploaded to the PSE EDGE, for your reference. https://edge.pse.com.ph or the Company’s Website at: https://socres.com.ph Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For […]
Read more →Converge leads first-half Ookla broadband rankings
CONVERGE ICT Solutions, Inc. topped Ookla’s fixed broadband rankings for the first half of 2026, maintaining its position as the country’s fastest internet service provider (ISP), according to the global network testing firm’s latest report. “We take pride in providing the best broadband service to our over three million subscribers… Being awarded the fastest provider […]
Read more →Looking at what SONAs 2022-2025 said on energy, power demand of rail mobility
This column will cover only President Ferdinand Marcos, Jr.’s State of the Nation Addresses (SONA) of 2022 to 2025 because my deadline is several hours before he delivers his SONA for 2026. Here are some of the President’s pronouncements in the past four SONAs. SONA 2022: “Our demand for energy far exceeds our reliable supply. […]
Read more →