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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

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PhilStar Business

Central bank writes off P2.8 billion in past-due loans

The Bangko Sentral ng Pilipinas wrote off P2.8 billion in past-due loans in 2025 as it moved to clean up long-standing legacy exposures and refocus its credit operations on its role as lender of last resort.

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PhilStar Business

Dominion Holdings gearing up to become biggest mining firm

Dominion Holdings Inc. is preparing for a major expansion push that could make it the largest mining company in the Philippines, with control of the Tampakan copper-gold project and a significant hike in its authorized capital stock in the pipeline.

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PhilStar Business

Epson expands operations to include industrial robots

Epson Precision Philippines Inc. is investing over P40 million to expand its operations in Batangas to include the manufacture of industrial robots, according to the Philippine Economic Zone Authority.

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PhilStar Business

LWUA, JICA deepen partnership for water development

The Local Water Utilities Administration and the Japan International Cooperation Agency deepened their partnership through broader coordination in modernizing the country’s water districts.

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PhilStar Business

MAP: Business outlook muted for Q4

Businesses have a muted outlook for the rest of the year but remain hopeful that conditions will improve next year, according to the Management Association of the Philippines.

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PhilStar Business

Mobile data costs down drastically to P7/GB

Data costs in the Philippines have decreased by two-thirds to nearly P7 per GB, as connectivity coverage and speed improved when the government resorted to real-time analytics to check on telco performance.

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PhilStar Business

PhilCare launches tech-enabled health care plan in tieup with Hi-Precision Diagnostics

PhilCare, a premier health maintenance organization in the Philippines, has entered into a partnership with Hi-Precision Diagnostics to introduce the Precision Care product line. This collaboration aims to provide Filipinos with streamlined, technology-enabled health care plans that combine emergency coverage with the diagnostic expertise of Hi-Precision’s nationwide clinic network.

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PhilStar Business

Philippines eyes direct flights to Iceland

The Philippines has signed its first air service agreement with Iceland, providing as many as seven flights weekly between the two countries to open the possibility of direct and connecting trips.

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PhilStar Business

Philippines ‘on track’ to hit deficit-to-GDP target

The government remains on track to meet its fiscal deficit target this year, with the deficit-to-gross domestic product (GDP) ratio projected at 5.45 percent for the full year, according to the Department of Finance.

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PhilStar Business

Phl should focus on semiconductor manufacturing

The Philippines should focus more on semiconductor manufacturing if it wants to attract foreign investment and improve its economy more quickly amid the current AI boom, instead of focusing on data centers that would take longer to put up because of their numerous requirements, which include power reliability, network connectivity and geographic stability.

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PhilStar Business

RLC sees higher share of investment portfolio

Property giant Robinsons Land Corp. expects the share of its investment portfolio in its revenue mix to rise further over the next two years as it continues to beef up its recurring-income businesses.

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PhilStar Business

Robinsons Land’s Kerwin Tan named CFO of the Year

Kerwin Max Tan, chief financial, risk and compliance officer of Robinsons Land Corp. was named CFO of the Year at the 25th Global Edition of the Asia Business Leader of the Year Awards, held at Pan Pacific Singapore on Aug. 3.

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PhilStar Business

Singapore firm eyes development of industrial park in Clark

Singapore-based sustainable energy and urban solutions provider Sembcorp Industries Ltd. is exploring the development of an industrial park in New Clark City in Tarlac.

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PhilStar Business

SM Warehouses scales up logistics footprint

SM Warehouses, a unit of integrated property developer SM Prime Holdings Inc., is expanding its footprint as logistics and warehouse demand in the country rises.

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PhilStar Business

Stocks regain ground on bargain buying

The stock market rebounded yesterday as investors snapped up shares at lower prices following the previous day’s selloff.

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PhilStar Business

Why aren’t we angry yet?

he Southwest Monsoon dumped 201.7 mm of rainfall in just five hours over Metro Manila on Aug. 17. With 138 mm falling in a two-hour window, widespread flooding hit major roads across Metro Manila.

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PhilStar Business

Mynt's Pebbles Sy: In the AI era, trust must move as fast as technology

The conversation is no longer about whether organizations should embrace AI.

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PhilStar Business

Building a workplace culture Gen Z can trust, shape and grow into

For many young professionals, opportunities and culture are experienced through everyday interactions, leadership behaviors, access to growth, support for well-being and the extent to which employees feel heard.

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PhilStar Business

Two Filipino companies, one national mission: Global Dominion and Autokid

Filipino-built companies, Global Dominion and Autokid, shake hands to further expand their partnership to cater to business owners’ and aspiring entrepreneurs’ growing need for better trucking and truck financing solutions.

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PhilStar Business

RCBC named Best Bank for Large Corporates in the Philippines

Rizal Commercial Banking Corporation (RCBC) has been recognized as the Best Bank for Large Corporates in the Philippines at the Euromoney Awards for Excellence 2026.

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PhilStar Business

BPI taps Gogolook to beef up customer protection vs scams

Bank of the Philippine Islands (BPI) is giving qualified clients free access to anti-scam platform Whoscall for one year as the lender steps up efforts to protect customers from increasingly sophisticated fraudulent calls and messages.

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PhilStar Business

Building permits decline in June

The number of construction projects based on approved building permits dipped in June from a year ago as developers slowed down residential projects amid high vacancies.

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PhilStar Business

Flood facilitation, not flood control

This is the third week of daily clouds and rain in Metro Manila and many provinces in the country.

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PhilStar Business

JFC takes full control of Tim Ho Wan’s North America business

Jollibee Foods Corp. is taking full ownership and operational control of Tim Ho Wan’s North America business.

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