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
Pag-IBIG turns over 1st batch of Naga employee homes
More than 100 housing loan accounts have been availed of by qualified Naga City government employees under a housing partnership with the Home Development Mutual Fund, commonly known as the Pag-IBIG Fund.
Read more →Peso nears 62:$1 level
The peso came close to breaching the 62-per-dollar level yesterday as renewed geopolitical tensions and rising crude oil prices drove investors toward the safe-haven dollar, although the local currency recovered some ground before the close.
Read more →‘Pinoys grow more open to credit’
Filipinos are becoming more comfortable with credit even as confidence in their near-term finances weakens amid concerns over inflation and rising living costs, according to a new TransUnion study.
Read more →Razon bets P2.1 billion to upgrade Negros power network
Negros Electric and Power Corp. of tycoon Enrique Razon Jr. is moving ahead with plans to spend roughly P2.1 billion to modernize the power network in Negros Occidental.
Read more →Returning shows seen to lift ABS-CBN revenue
Media giant ABS-CBN Corp. is putting out more content with public recall, including the return of “Gandang Gabi Vice” (GGV), to improve revenue, pressured by the task of becoming profitable again.
Read more →Returning shows seento lift ABS-CBN revenue
Media giant ABS-CBN Corp. is putting out more content with public recall, including the return of “Gandang Gabi Vice” (GGV), to improve revenue, pressured by the task of becoming profitable again.
Read more →Smart advances mobile satellite tests
Wireless giant Smart Communications Inc. has made progress in its effort to provide every town with a cellular signal, this time testing the viability of satellite-to-device service for critical uses like disaster response.
Read more →The cost of floods
Year after year, the rains expose the same weaknesses in Metro Manila.
Read more →Visa sees promising Apple Pay start
Visa is seeing encouraging early traction for Apple Pay in the Philippines, but said wider adoption will depend on more banks joining the platform and programs that can turn initial consumer interest into regular usage.
Read more →Weak peso drags local stocks
The benchmark Philippine Stock Exchange index plummeted by 1.7 percent or 106.36 points to finish the session at 6,158.34.
Read more →ACEN offloads 49% stake in another India wind asset
ACEN Corp. of the Zobel family is further unlocking value from its India wind portfolio through another strategic stake sale with Dutch firm Diamond India Renewables One B.V. (DIRO).
Read more →‘AI fluency key to employability’
As more companies continue to see the value of artificial intelligence or AI, Mapúa Malayan Digital College, the premier digital college in the Philippines in information technology and business, encourages students and working professionals to focus on the development of their AI fluency to improve their future employability.
Read more →Amid persistent rains, DA moves to cut vegetable losses
The Department of Agriculture is strengthening efforts to cut vegetable losses, as persistent rains in producing areas continue to disrupt trade and weaken demand for fresh produce.
Read more →An island of consumption
Economic Planning Secretary Arsenio Balisacan observed that the economy is growing too slow.
Read more →BSP to further tighten fit-and-proper rules for bank directors, officers
The Bangko Sentral ng Pilipinas is set to tighten governance standards for financial institutions by requiring regular fit-and-proper assessments of key officials and subjecting certain incoming directors and officers to regulatory confirmation before they can assume office.
Read more →Cebu Pacific reviving international flights from Iloilo
Low-cost carrier Cebu Pacific is starting to recover its international network prior to the Middle East tensions, as it will be resuming direct flights from Iloilo to Southeast Asian cities.
Read more →DBM: Returning full P107 billion to PDIC not fiscally prudent
The Department of Budget and Management is putting the brakes on the immediate return of the full P107.23 billion in unused reserve funds to the Philippine Deposit Insurance Corp..
Read more →DICT to bring satellite internet to 85 IP towns
The Department of Information and Communications Technology is spending nearly P29 million for the installation of satellite internet in 85 indigenous peoples towns.
Read more →EastWest sees slower loan growth this year
East West Banking Corp. expects loan growth to settle at the high single-digit to low-teens range this year as the lender becomes more selective in consumer credit and shifts incremental lending toward secured and lower-risk segments amid elevated credit costs.
Read more →GCash ties up with Mindanao’s biggest retailer
E-wallet giant GCash is expanding its payment reach in Mindanao by tying up with the island’s largest retailer, introducing scan-to-pay options and installment plans for payment flexibility.
Read more →Government eyes P101 billion from sale of big-ticket hydropower plants
The Marcos administration aims to raise P101.5 billion from privatization next year, primarily from the sale of the Caliraya-Botocan-Kalayaan hydroelectric power complex and the rehabilitation of the Agus-Pulangi hydropower assets, according to the Department of Finance.
Read more →HSBC sees corporate investment recovering in H2
Philippine companies could gradually revive investment spending in the second half as economic growth picks up and inflationary pressures ease, according to HSBC Philippines, after weaker revenues and higher costs squeezed corporate profitability earlier this year.
Read more →Our garbage and environmental problem
To be fair, the constant heavy rains over the past few days were the main cause of the flooding that has once again hit various parts of Mega Manila.
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