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Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
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PhilStar Business
AUB maps out AI-led growth plan
Asia United Bank Corp. is leaning on artificial intelligence and a stronger capital base to sustain growth after posting record earnings in 2025, as the banking industry faces a tougher operating environment marked by inflation risks, peso volatility and global uncertainty.
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BSP digital currency pilot shows promise for large-value payments
The Bangko Sentral ng Pilipinas pilot test for a wholesale central bank digital currency (CBDC) showed that digital tokens can help banks settle large-value transactions beyond normal business hours, but the central bank still needs to address legal, regulatory, cybersecurity and scalability issues before any full rollout.
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‘Congestion to affect 88% of Asian airports by 2040’
Airports in Asia-Pacific may face congestion by 2040, prompting a need to decide on what next gateways to build, the International Air Transport Association said.
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DoubleDragon bringing Hotel101 to Thailand
DoubleDragon Corp., the listed company chaired by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, is bringing Hotel101 to Thailand through a partnership with property developer Origin Property Public Co. Ltd.
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DTI, cement makers roll out decarbonization roadmap
Cement manufacturers are aiming to reduce carbon emissions, while producing high quality cement to support the country’s infrastructure development under a roadmap launched in partnership with the government.
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ERC: EV-to-grid rules on target this year
Electric vehicle owners may soon sell electricity back to the grid and earn credits on their power bills, with the regulatory framework enabling the move potentially out this year.
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GSIS expands Balik Ginhawa loan refunds to 6 months
State-run Government Service Insurance System has expanded the loan coverage of its moratorium program to six months, allowing members and pensioners to cope with living costs, still elevated due to the Middle East war.
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In June: Philippines factory activity sustains expansion
The Philippine manufacturing sector remained in expansion mode in June, supported by improved demand and output, but firms’ confidence levels dropped to a five-month low.
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LT Group ramps up clean power switch with First Gen
Companies under taipan Lucio Tan’s LT Group Inc. have transitioned to renewable energy, tapping Lopez-led First Gen Corp. to power their operations.
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Maynilad strengthens readiness for El Niño
Maynilad Water Services Inc., the water concessionaire for Metro Manila’s West Zone, is scaling up preparations for the incoming El Niño weather phenomenon as Angat Dam reaches critical levels.
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Metro Pacific expands hospital network to 31
Pacific Health Corp., the health care arm of Metro Pacific Investments Corp., has expanded its hospital network to 31 with its investment in First United 23 Inc., the owner and operator of two hospitals in Batangas.
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New RLC campaign to boost domestic tourism
The Gokongwei family’s Robinsons Land Corp. is embarking on an initiative to help boost domestic tourism.
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On EVs and RE as addition to fossil fuels
Last Tuesday, I attended the BusinessWorld Insights forum on the topic, “Powering the Electric Shift” held at Makati Diamond Residences. It was sponsored by Aboitiz Power and co-sponsored by Toyota, Meralco and Nissan, and hosted by News5 anchor Jester de los Santos.
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Philippine set for largest nuclear forum in October
The Department of Energy is partnering with the World Nuclear Association to convene global experts, companies, regulators and policymakers for what could be the Philippines’ biggest nuclear conference.
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Philippines net external liability widens to $54.9 billion
The Philippines’ net liability to the rest of the world widened in the first quarter, as the country’s external assets fell faster than its liabilities amid lower reserve assets, foreign exchange operations and weaker global market conditions.
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Powering competition, expanding choice
Imagine this: a medium?sized business owner has just completed the construction of a new shop and is ready to open, except for one critical piece: power. Now, instead of filing the usual application with the local distribution utility, the owner enters a very different process.
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PSE clears regulatory hurdles to short selling
Regulatory hurdles to short selling will soon be addressed as the Philippine Stock Exchange Inc. readies the amended rules on securities borrowing and lending.
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Stocks rebound on bargain hunting
The local stock market bounced back after a sharp drop the previous day as investors engaged in bargain hunting.
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Telco leaders unite vs illegal networks
Rival telco leaders have united to ramp up efforts against illegal networks and infrastructure theft in light of news that new players are coming in to challenge their providers.
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Ubisoft Appoints Christoph Hartmann To Lead Creative House 2 And Its Growing Portfolio of Franchises
PRESS RELEASE Ubisoft.com Ubisoft Appoints Christoph Hartmann To Lead Creative House 2 And Its Growing Portfolio of Franchises PARIS - July 1st, 2026 - Today, Ubisoft announced the appointment of Christoph Hartmann as General Manager of Creative House 2, one of the Creative Houses at the center of Ubisoft’s new operating model. Creative House 2 brings together Ubisoft teams and brands concerted on delivering challenging, competitive and cooperative battlefield-driven gameplay, including iconic a
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SPIE acquires nimeg ag
Cergy, July 1st, 2026 - SPIE, the independent European leader in multi-technical services in the areas of energy infrastructure and communications, announces the acquisition of nimeg ag, a specialised engineering service provider for the life sciences industry. With this acquisition, SPIE is strengthening its position in the growing market for pharmaceutical and biotechnology facilities and expanding its industrial services offering in Switzerland. nimeg ag, headquartered in Baden-Dättwil in the
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DISCLOSURE OF THE NUMBER OF SHARES FORMING THE CAPITAL AND OF THE TOTAL NUMBER OF VOTING RIGHTS AS OF 30 JUNE 2026
French public limited company (société anonyme) with a share capital of €1,464,729,242.50 Registered office : 1973, boulevard de la Défense 92000 Nanterre - France 552 037 806 RCS Nanterre www.vinci.com DISCLOSURE OF THE NUMBER OF SHARES FORMING THE CAPITAL AND OF THE TOTAL NUMBER OF VOTING RIGHTS AS OF 30 JUNE 2026 Total number of shares585,891,697Theoretical number of voting rights (including treasury stock) 585,891,697Number of voting rights (excluding treasury stock)554,142,834 This disclosu
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Technip Energies announces end of share buy-back program
Technip Energies (PARIS:TE) (the "Company”) announces the completion of its share buy-back program, which launch was announced in a press release dated March 18, 2026. Between March 18, 2026, and June 30, 2026, the Company acquired 4,246,851 of its own shares (representing 2.38% of the share capital), at an average price per share of 36.64 euros. As announced in the press release dated March 18, 2026, the shares acquired under the share buy-back program will be used for the following purposes: 1
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