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
Payments body elects new directors, officers
The Payments Network of the Philippines Inc. – the surviving corporation integrating the operations of BancNet Inc. and the Philippine Clearing House Corp. – has elected its board of directors and new sets of officers for the 2026–2027 term
Read more →PSE approves RRHI delisting
The Philippine Stock Exchange Inc. has given the green light to Robinsons Retail Holdings Inc. exit from the local bourse, marking the end of the Gokongwei-owned multi-format retailer’s nearly 13-year run as a listed company.
Read more →SM Group bags 12 Stevies for reporting, community programs
The SM Group of the Sy family earned numerous recognitions for parent-company reporting and programs delivered through its malls and communities.
Read more →Top Line expands into Negros Oriental
Top Line Business Development Corp. is taking Light Fuels beyond its home base in Cebu, opening its first branded service stations in Negros Oriental.
Read more →Transacting with government made easy
Just last year, the United Nations E-Government Award was conferred to the Philippines by the UN Department of Economic and Social Affairs for its significant progress in digital government.
Read more →Wise flags hidden forex markups in remittances
Global payments firm Wise is in discussions with the Bangko Sentral ng Pilipinas to strengthen transparency in remittance pricing, particularly on foreign exchange markups that may not be immediately apparent to customers sending money across borders.
Read more →2GO bullish on Mindanao, expands footprint
Logistics giant 2GO Group Inc. is further expanding its Mindanao business to strengthen the shipping backbone of the island, where it is handling as many as 1.5 million packages yearly.
Read more →6.5 million Filipinos lifted out of poverty – PSA
An estimated 6.5 million Filipinos were lifted out of poverty between 2023 and 2025 as the poverty incidence fell to its lowest rate last year.
Read more →DA to tighten sugar import policy
The Department of Agriculture is looking to tighten the country’s sugar import policy and enable a more competitive domestic industry.
Read more →ERC moves to curb power spot market abuse
The Energy Regulatory Commission is stepping up efforts to safeguard the power spot market against potential abuse amid concerns over the growing influence of key industry players.
Read more →I-Remit board clears Surepay deal
Listed remittance firm I-Remit Inc. has approved its binding term sheet with Surepay Technologies Inc., moving forward with a proposed P20-million capital infusion as the company disclosed that vice chairman Ben Tiu now owns a 47-percent stake.
Read more →Insurance penetration rises on higher premium collections
Insurance penetration in the Philippines climbed to 1.96 percent in the second quarter from 1.79 percent in the same quarter last year, driven by higher premium collections, according to the Insurance Commission.
Read more →Japan’s R&I maintains Philippines credit rating
Japan-based Rating and Investment Information Inc. (R&I) has affirmed the Philippines’ A- credit rating with a stable outlook, but warned that economic growth could weaken further this year as delays in infrastructure spending and elevated energy prices weigh on domestic activity.
Read more →Mitsubishi unveils new Outlander PHEV
Mitsubishi Motors Philippines Corp. is anticipating strong demand for sports utility vehicles to drive the shift to electrified vehicles as it launched its first plug-in hybrid electric vehicle in the country.
Read more →Need for meaningful reforms
The government is proposing a set of tax measures which at first glance might appear to offer Filipinos some relief from their tax burdens.
Read more →PSE ramps up PDS integration
The Philippine Stock Exchange is ramping up initiatives to integrate the Philippine Dealing System Holdings Corp. in line with efforts to build a more unified market infrastructure.
Read more →Telco backs stronger safeguards online, blocks sites inducing violence
One of the country’s major telecommunications companies said it supports efforts to curb access to online content depicting school shootings and other acts of extreme violence, as concerns grow over the exposure of children and young people to harmful content online.
Read more →PPPs cited as better option for government infrastructure
Public?Private Partnerships (PPPs) are the preferred mechanism for delivering large-scale government infrastructure, according to two key public officials.
Read more →‘ASEAN must harmonize rules to combat illicit tobacco trade’
ASEAN member-states must harmonize their trade rules to plug loopholes that are being exploited by transnational crimes to proliferate illicit tobacco trade, a Japan Tobacco International (JTI) Philippines official said.
Read more →Billease secures P1 billion credit line from PNB
Consumer finance platform Billease has secured a P1-billion credit facility from Philippine National Bank (PNB), further expanding its local funding base as it scales its loan portfolio and moves deeper into traditional banking.
Read more →BIR slaps P2.23 billion tax evasion case vs POGO firm
The Bureau of Internal Revenue has filed a tax evasion case with the Department of Justice against Hongsheng Gaming Technology Inc., which operated offshore gaming activities in the Philippines, over alleged tax violations resulting in P2.23 billion in tax deficiencies.
Read more →BOP swings to $1.47 billion gap in July
The Philippines’ balance of payments position returned to a deficit in July as higher foreign exchange outflows, including debt payments and import-related dollar demand, weighed on the country’s external position.
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