Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1861 articles from BusinessWorld
DBP taps PHIVOLCS hazard platform to strengthen risk management
State-owned Development Bank of the Philippines (DBP) has partnered with the Philippine Institute of Volcanology and Seismology (PHIVOLCS) to integrate geohazard information into the bank’s risk management and lending operations. Under the agreement, DBP will gain access to GeoRiskPH, PHIVOLCS’ science-based hazard information platform, to support evidence-based credit evaluations and data-driven business decisions. “We view […]
Read more →Agora powers AI smart cane for elderly care
Real-time engagement platform Agora is powering an artificial intelligence (AI)-enabled smart cane developed by Lgenie, allowing older adults to interact with the device through low-latency voice conversations designed for outdoor and everyday use. The collaboration highlights a broader shift in AI adoption, with developers increasingly embedding conversational AI into physical devices used in healthcare, smart […]
Read more →La Likha turns Filipino textiles into sustainable furniture
Traditional Filipino textiles are finding a place beyond fashion as architecture and furniture studio La Likha incorporates locally woven fabrics and Philippine-made nonwoven materials into contemporary furniture, demonstrating how local craftsmanship can support sustainable design. The furniture brand La Likha was established in March as the furniture design arm of Licup Architects, with the goal […]
Read more →NG budget deficit widens in June
THE NATIONAL GOVERNMENT’S (NG) budget deficit widened by 9.39% in June as spending outpaced revenue growth, although the first-half fiscal gap remained broadly in line with the government’s program, Bureau of the Treasury (BTr) data showed.
Read more →Small businesses brace for wage hike in NCR
FILIPINO entrepreneur Wilson Lee Flores has kept Kamuning Bakery Café’s pandesal affordable through inflation spikes, supply disruptions and surging electricity bills.
Read more →Philippine car sales slump as demand remains weak
PHILIPPINE VEHICLE SALES dropped by 8% in June, dragging first semester sales 11.4% lower as weak demand continued to weigh on the market, industry data showed.
Read more →Ocean economy’s share in GDP slips to 4-year low
OCEAN-BASED INDUSTRIES’ contribution to the Philippine economy dropped to a four-year low in 2025, weighed down by a decline in fishery production amid softer global trade, weather disruptions and higher operating costs, analysts said.
Read more →MediCard bullish on growth amid increased demand for healthcare
MEDICARD Philippines, Inc. is bullish on growth amid rising demand for healthcare coverage, which it wants to serve through the continued product diversification and digitalization. “How many people in the Philippines have healthcare coverage today? How many people in the Philippines need healthcare coverage? If you take a cycle looking out three to five years, […]
Read more →Philippine banking industry hopes interest rate swaps will overtake FX market
THE PHILIPPINE banking sector sees the interest rate swap (IRS) market eventually overtaking the foreign exchange (FX) market, potentially as early as this year, as this could help develop the financial system, an industry official said. Bankers Association of the Philippines (BAP) Secretary and Open Market Committee Chair Paul Raymond A. Favila, who is also […]
Read more →BCDA pegs Pax Silica investment at up to $70B
THE Bases Conversion and Development Authority (BCDA) expects the proposed Pax Silica technology hub in New Clark City to attract between $40 billion and $70 billion in investments at full development, with the project projected to generate up to 190,000 direct jobs and $200 billion in exports, as the government on Thursday unveiled its first detailed economic projections for the initiative.
Read more →Coco Martin, Kara David are top winners at 1st FAMAS Broadcast Awards
FPJ’S BATANG QUIAPO, helmed by actor-director-screenwriter Coco Martin, swept the series categories of the 1st Filipino Academy of Movie Arts and Sciences (FAMAS) Broadcast Awards, held on July 20 at the Manila Hotel and streamed live on Facebook. The awards covered television, radio, and podcasts, and online channels. Batang Quiapo clinched Best Series, Best Screenplay, […]
Read more →MariBank secures digital bank license
MARIBANK Philippines, Inc. is now a digital bank licensed to operate in the Philippines after the Bangko Sentral ng Pilipinas (BSP) granted its application earlier this month. In a circular letter dated July 22, the central bank said it issued MariBank a certificate of authority to operate as a digital bank on July 8, upgrading […]
Read more →Aviation recovery faces renewed fuel price risk
LISTED aviation companies are expected to post stronger results in the second half as travel demand improves, but analysts warned that renewed tensions in the Middle East could derail the recovery by driving jet fuel prices higher and squeezing airline margins.
Read more →South Korean-Chinese artist Shi Shi releases EP in English
TAIWAN-BASED South Korean-Chinese artist Shi Shi (real name: Sun Sheng Xi) has dropped a new extended play titled The Taste Of…, marking her first major project written primarily in English. The EP is an accumulation of Shi Shi’s experiences developing music and collaborating with producers in the US and South Korea over the past two […]
Read more →Peso stays at all-time low as Mideast war escalates
THE PESO was steady against the dollar on Thursday, staying at its all-time low, as market players continued to monitor the situation in the Middle East as this could affect global oil prices and inflation expectations. The currency closed at P61.75 versus the greenback on Thursday, flat from Wednesday’s finish, based on data on the […]
Read more →Office market faces tougher second half as industrial outperforms — CBRE
PHILIPPINE office landlords face a more challenging second half as weak demand and aging buildings weigh on the market, while industrial and provincial retail properties offer developers better investment opportunities, CBRE Philippines said. The commercial real estate services firm said the office market would need more than 500,000 square meters of take-up in the second […]
Read more →Before data can be protected, it must be understood
The Philippines has spent years discussing data privacy, cybersecurity, cloud computing, and digital government. Yet one basic question has often remained unanswered: does government actually know what data it holds, how sensitive that data is, and what level of protection each dataset requires? Executive Order No. 119, “Updating the Government Data Classification, Establishing a Data […]
Read more →DoTr says LRT-1 Cavite extension cleared key right-of-way hurdle
THE Department of Transportation (DoTr) said construction of the Light Rail Transit Line 1 (LRT-1) Cavite Extension is moving forward after the government cleared a key right-of-way (RoW) issue along the rail line’s alignment. Transportation Acting Secretary Giovanni Z. Lopez said the RoW issue affecting the LRT-1 Cavite Extension alignment had been resolved. The development […]
Read more →Beyond philosopher king: Ensuring the legitimacy of the Senate verdict
The Philippine Senate, when sitting as an impeachment court, performs one of the Constitution’s most demanding responsibilities. Unlike ordinary legislation, impeachment requires senators to move beyond political advocacy and assume the role of constitutional adjudicators. The legitimacy of the process therefore depends not only on legal procedures but also on the quality of judgment exercised […]
Read more →InLife launches stackable insurance plan
INSULAR LIFE Assurance Co., Ltd. (InLife) has launched a fully digital stackable insurance plan with no fixed payment amounts or due dates, targeted towards young adults and first-time buyers. Stackbit allows customers to gradually increase their life insurance coverage, starting at just P10, by purchasing additional “stacks” when their budget permits, giving them flexibility, the […]
Read more →Ayala Corp. remains in FTSE4Good Index Series
AYALA CORP. (AC) has retained its place in the FTSE4Good Index Series for a 12th consecutive year following the June 2026 review, while subsidiaries ACEN Corp. (ACEN), Ayala Land, Inc. (ALI), Bank of the Philippine Islands (BPI), and Globe Telecom, Inc. (Globe) also remained constituents. “Our continued inclusion in the FTSE4Good Index Series affirms our […]
Read more →GCash future-proofs MSMEs with customer-first payment innovation
Building payment innovation around the needs of Filipino MSMEs amid growing digital needs The Philippines is steadily becoming a digital payments nation. According to the Bangko Sentral ng Pilipinas (BSP), 57.4% of retail payment transactions by volume were made digitally in 2024, up from 52.8% in 2023 and 42.1% in 2022. With the BSP targeting […]
Read more →Metrobank says eSavings account in demand among Gen Zs, Millennials
METROPOLITAN Bank & Trust Co. is seeing strong adoption of its online savings accounts among young Filipinos, reflecting growing preference for digital banking products. Gen Zs and Millennials now account for more than 87% of all Metrobank eSavings accounts opened since the start of the year, it said in a statement on Thursday, citing internal […]
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