Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2354 articles from BusinessWorld
PSEi sinks to two-week low as volatility persists
PHILIPPINE SHARES slid to an over two-week low on Tuesday as global market volatility due to tensions in the Middle East and their impact on inflation expectations continued to drag sentiment. The Philippine Stock Exchange index (PSEi) sank by 1.11% or 67.29 points to close at 6,007.78, while the broader all shares index dropped by […]
Read more →Leading Indian carrier IndiGo applies to offer PHL services
THE Department of Trade and Industry (DTI) said Indian low-cost airline IndiGo, that country’s top carrier by passenger totals, has applied with regulators to undertake direct flights to Manila from Mumbai and Delhi. In a statement on Tuesday, the DTI said IndiGo parent InterGlobe Enterprises has filed its application to offer the routes with the […]
Read more →Indian firms weighing P4B in PHL expansions
THE Department of Trade and Industry (DTI) said Indian companies currently active in the Philippines are considering investing a combined P4.2 billion to expand their information technology-business process management and electronics manufacturing operations. In a statement on Tuesday, it said the planned investments are expected to generate about 7,500 jobs in the Philippines. It said […]
Read more →Human rights track proposed to strengthen Philippine legal education
The University of the Philippines Institute of Human Rights (UP IHR) is proposing a 12-unit Human Rights Law track within the Juris Doctor program to help Philippine law schools produce lawyers equipped not only with legal knowledge but also with the skills, values and professional orientation needed to protect human dignity and advance social justice. […]
Read more →Fujifilm launches instax Pal 2 compact digital camera
FUJIFILM Corp. on Tuesday added two new products to its instax line: the palm-top digital camera instax Pal 2, and the instax Link WIDE 2 smartphone printer. The company said the two devices will be available in Japan early next month. Fujifilm Philippines, Inc. has also teased the products on its social media pages, which […]
Read more →Back-to-back wins underscore SM Hotels’ commitment to employee inclusion, engagement, growth
Global and industry honors spotlight the company’s commitment to diversity, inclusion, employee engagement, and people development SM Hotels and Conventions Corp. (SMHCC) has earned consecutive recognition from two distinguished award-giving bodies, affirming the company’s continued dedication in creating a workplace where people are empowered to grow, connect, and go beyond. SMHCC was named Diversity & […]
Read more →VST ECS strengthens enterprise portfolio, expands cybersecurity offerings through partnership with Akamai
VST ECS Phils., Inc., the country’s leading ICT distributor, is expanding its enterprise technology portfolio through a new partnership with Akamai Technologies, the cloud and security company that powers and protects businesses online. The appointment strengthens VST ECS’s portfolio with advanced cybersecurity and cloud capabilities, giving its channel partners and customers broader access to enterprise-grade […]
Read more →OFW remittances jump to seven-month high in July
By Katherine K. Chan, Reporter Money sent home by overseas Filipino workers (OFWs) rose to its highest monthly level this year as it hit over $3.2 billion in July, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday. Cash remittances coursed through banks grew by 1.9% year on year to $3.24 billion in July from […]
Read more →Peso hits new low, nears P63/$1
THE PESO closed at a fresh record low against the US dollar on Monday, nearing the P63 level as growing expectations of a US Federal Reserve rate hike and elevated global crude oil prices weighed on the local currency. The currency declined by 18 centavos to close at P62.86 versus the greenback from the previous […]
Read more →Blanket suspensions seen hurting workers, businesses in Philippines
REPEATED and often blanket suspensions of face-to-face classes and government work due to typhoons and heavy rains are causing economic losses beyond missed work and school days, with daily-wage earners, small businesses and students bearing much of the impact, analysts said.
Read more →Fuel prices seen rising further as Middle East conflict escalates
FUEL PRICES could rise further in the coming weeks as the intensifying conflict in the Middle East keeps global oil markets under pressure, analysts said, as Filipino motorists brace for another increase of more than P4 per liter this week.
Read more →House panel approves 2027 budget
THE HOUSE COMMITTEE on Appropriations on Monday approved the proposed P7.2-trillion national budget for 2027, clearing the way for plenary deliberations. Appropriations Committee Chairperson and Nueva Ecija Rep. Mikaela Angela B. Suansing said House Bill (HB) No. 10858 or the General Appropriations Act was approved without amendments during an executive committee meeting. Ms. Suansing is […]
Read more →Two Filipino films are Oscar-bound
IF THINGS go right, the Philippines will be represented in the Oscars by two movies, one as the country’s official entry to the Best International Feature Film category at the 99th Academy Awards, the other as Australia’s official entry. The Film Academy of the Philippines (FAP) has announced that Rafael Manuel’s Filipiñana has been selected […]
Read more →Ben&Ben brings The Traveller Across Dimensions to print
BEN&BEN frontmen Miguel Benjamin Guico and Paolo Benjamin Guico have brought the story of their album, The Traveller Across Dimensions, from music to print, releasing the paperback edition of their first book on Sept. 12 at the Manila International Book Fair (MIBF) at the SMX Convention Center Manila in Pasay City. The twins, both singers […]
Read more →KKR exits First Gen with P25.8-B stake sale
GLOBAL INVESTMENT firm Kohlberg Kravis Roberts & Co. L.P. (KKR) has sold its entire 19.9% economic interest in Lopez-led First Gen Corp. for about P25.77 billion, weeks after First Philippine Holdings Corp. (FPH) rejected KKR’s bid to acquire more shares in the power producer.
Read more →Armando ‘Bing’ Lao is now a National Artist for Film
THIS SEPTEMBER Armando “Bing” Lao (1948-2024) was posthumously granted the title of National Artist of the Philippines, generally considered the highest such honor the state can give one of its citizens in the field of culture. I am personally ambivalent about this — first instituted by Ferdinand Marcos, Sr. in 1972, the award was ostensibly […]
Read more →A showcase of original Pinoy music through theater
IT HAS BEEN 30 years or so since the 1990s, to the dismay of older millennials who must contend with the cruel passage of time and the what-ifs that go with it.
Read more →Vista Land eyes year-end deal for Mandaluyong, Mindanao mall sales
VISTA LAND & Lifescapes, Inc. (VLL) said talks to sell two non-core malls in Mandaluyong and Southern Philippines are progressing, with a deal considered likely by the end of 2026, while the expected release of its audited 2025 financial statements has been pushed back to the end of September, according to credit research firm CreditSights. […]
Read more →House of Investments says insurance, schools drove 2025 earnings
YUCHENGCO-LED House of Investments, Inc. (HI) said its financial services and school businesses accounted for most of its earnings in 2025, as the listed holding company outlined plans to increase recurring income across its portfolio. In a statement on Monday following its 2026 annual stockholders’ meeting, HI said consolidated net income rose 27% to P3.6 […]
Read more →Entertainment News (09/15/26)
THE Film Academy of the Philippines (FAP) has officially selected Filipiñana, directed by Rafael Manuel, as the Philippines’ entry for Best International Feature Film at the 99th Academy Awards.
Read more →Corporate Social Responsibility: The myth and the reality
The country today is experiencing a crisis arising from the gross inequality in the distribution of income and wealth, and the inaccessibility of economic opportunities to a large segment of the population that is mired in poverty. To be sure, the Philippine Statistics Authority (PSA) reports that the distribution of income in the country has […]
Read more →Aboitiz Construction, ACCIONA form facilities management JV
ABOITIZ Construction, Inc. has formed a joint venture (JV) with Spanish infrastructure company ACCIONA S.A. to provide integrated facilities management services to companies in the pharmaceutical, industrial, corporate, and transport sectors in the Philippines. In a statement on Monday, Aboitiz Construction said the joint venture, ACCIONA Facility Management Philippines, has been launched to provide maintenance […]
Read more →Damosa targets 2-3 years to finish Davao socialized housing project
DAMOSA Land, Inc. (DLI) is targeting completion of its multi-building socialized housing project in Davao City within two to three years, with land development now under way. “[We’re] planning to build 13 to 14 buildings [of the socialized housing project] in phases, with the first three or four buildings constructed for compliance requirements,” Damosa Land […]
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