Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2354 articles from BusinessWorld
Philippine GDP growth may lag Southeast Asian peers — BofA
THE PHILIPPINE ECONOMY may be among the slowest growing in Southeast Asia this year, as weak domestic demand keeps growth below its potential, Bank of America (BofA) said. In a report dated Sept. 8, BofA Global Research kept its gross domestic product (GDP) forecasts for the Philippines at 2.5% in 2026 and 3.5% in 2027. […]
Read more →EU, Spain formally join Luzon Economic Corridor
THE EUROPEAN UNION (EU) and Spain have formally joined the Luzon Economic Corridor (LEC) initiative, strengthening the Philippines’ efforts to attract high-value investments and position the country as a hub for maritime industries and advanced manufacturing.
Read more →DMPL opens creditor talks as restructuring advances
DEL MONTE Pacific Ltd. (DMPL) has started restructuring discussions with its principal creditors and other stakeholders as it seeks to address near-term liquidity and debt-maturity pressures. In a regulatory filing on Thursday, the food company said it is working with external financial advisers on a broader restructuring framework that may include debt restructuring, operational initiatives, […]
Read more →PNB Holdings sets P1.20 reference price for Sept. 25 listing
PNB HOLDINGS CORP. (PHC), the real estate arm of Philippine National Bank (PNB), has set an initial reference price of P1.20 per share for its planned Sept. 25 listing by way of introduction, giving the company an indicative market capitalization of about P56.3 billion. In a statement on Thursday, PHC said the reference price is […]
Read more →LRT-1 Las Piñas Station advances access to Villar Group properties
THE Light Rail Transit Authority (LRTA) has signed an agreement covering seven Villar Group properties needed for the Las Piñas Station of the Light Rail Transit Line 1 (LRT-1) Cavite Extension, advancing government access to part of the project’s remaining right-of-way. In a statement on Thursday, the LRTA said six of the seven lots are […]
Read more →DigiPlus has room to take on more debt for growth — Moody’s
DIGIPLUS INTERACTIVE Corp. has room to take on additional debt to fund its expansion while maintaining relatively low leverage, Moody’s Ratings said as it assigned the gaming company a first-time B1 corporate family rating with a stable outlook. Moody’s said DigiPlus’ target of keeping net debt to earnings before interest, taxes, depreciation, and amortization (EBITDA) […]
Read more →Jumbo bond issue still likely as gov’t plugs financing gaps
THE MARKET still expects the government to issue a jumbo bond within the year, even as the National Treasurer said they are reconsidering a planned offer this month amid volatile conditions, as it needs to plug its funding requirements. Union Bank of the Philippines Chief Economist Ruben Carlo O. Asuncion said the Bureau of the […]
Read more →A celebration of reading culture: Why the Manila International Book Fair matters
IT’S BEEN over 40 years since the Manila International Book Fair (MIBF) first opened its doors to Filipino authors and bookworms. In the beginning, it was all about offering books for a fraction of the usual cost — today, it has become much, much more than that. “It’s not just selling. It’s more experiential now,” […]
Read more →Gokongwei: PhilWeb to prioritize capital discipline, governance
PHILWEB CORP. Chairman Lance Y. Gokongwei said the company will prioritize disciplined capital allocation and stronger governance as trading in its shares resumed following additional disclosures on its investment in JKS Tech Solutions, Inc. “Our focus remains on disciplined capital allocation, stronger governance, and building a larger and more profitable technology and digital infrastructure platform […]
Read more →BSP looks to ease rules on sukuk issuances to boost Islamic finance
THE BANGKO SENTRAL ng Pilipinas (BSP) is planning to streamline its regulations on sukuk transactions to help advance Islamic banking and finance in the country while also deepening the capital market. In a draft circular, the BSP is proposing a simplified licensing framework for banks by allowing them to issue sukuk bonds for operational or […]
Read more →Architecture festival centers on care, culture, collective futures
AT A TIME when systemic challenges like poor infrastructure planning and chronic urban flooding plague the Philippines, this year’s Anthology ASEAN Architecture Festival is turning the spotlight on care, culture, and collective futures. This October, in the walled city of Intramuros, Anthology aims to explore how architecture shapes places and communities in the Philippines. It […]
Read more →Atlas Mining names Jaime Bautista independent director
ATLAS Consolidated Mining and Development Corp. has elected former Transportation Secretary Jaime J. Bautista as an independent director. Mr. Bautista was elected during a special meeting of the mining company’s board on Wednesday, Atlas Mining said in a disclosure on Thursday. He served as Transportation secretary from 2022 to 2025. Before joining the government, he […]
Read more →Security Bank looks to improve profitability
SECURITY Bank Corp. aims to improve its profitability metrics over the next three years, with return on equity (RoE) targeted to return to double-digit level amid an optimistic outlook despite elevated market volatility. “Personally, I think that for me, three years is enough time for me to turn this business around to a double-digit return. […]
Read more →RCBC doubles Billease credit facility to P1 billion
RIZAL Commercial Banking Corp. (RCBC) has doubled its credit facility for consumer finance and buy now, pay later (BNPL) provider Billease to P1 billion to help expand its offered services. Their expanded partnership will now include corporate cash management, savings, and foreign exchange (FX) services from just term lending initially, Billease said in a statement […]
Read more →SEC says Dermacare owner, finance officer arrested over alleged investment scheme
THE Securities and Exchange Commission (SEC) said the owner and a key officer of Beyond Skin Care Ventures, Inc., which operates Dermacare Face Body and Laser Center/Dermacare-Beyond Skin Care Solutions, were arrested in connection with criminal cases involving alleged unauthorized investment solicitation, investment fraud, and syndicated estafa. In a statement on Thursday, the corporate regulator […]
Read more →Stuff to Do (09/11/26)
THE very first Philippine National Cinema Day this Sept. 12 invites moviegoers across the country to watch movies priced at P100 for regular 2D cinemas to P500 for IMAX.
Read more →Mayabang nga ba tayo?
There is an important economic point in Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona, Jr.’s recent explanation of the peso’s weakness that should not be dismissed.
Read more →ACEN unit to supply renewable power to ACS Manufacturing plants
AYALA-LED ACEN CORP. said its retail electricity unit has signed a power supply agreement with ACS Manufacturing Corp. to provide renewable energy to two of the consumer goods maker’s manufacturing facilities in Laguna. ACEN RES, the retail electricity arm of ACEN, will supply the facilities with 100% renewable energy, the company said. The arrangement is […]
Read more →China forces fire multiple flares at unarmed PCG aircraft over Spratlys
A PHILIPPINE Coast Guard (PCG) aircraft conducting a maritime domain awareness flight over the Spratly Islands in the South China Sea was targeted with multiple flares fired by Chinese forces on Sept. 7, the PCG said on Thursday, calling the incident a threat to flight safety. The unarmed aircraft was challenged over the radio by […]
Read more →Analysts urge evidence for judicial misconduct
CLAIMS of judicial misconduct should be tested through the records and legal reasoning of specific cases rather than inferred from the number of appellate reversals, analysts said, as the Supreme Court (SC) called for evidence to support allegations against the Judiciary.
Read more →Justice dep’t says VP Sara has no immunity from suit
THE Department of Justice (DoJ) said Vice-President (VP) Sara Duterte-Carpio has no immunity from suit, noting that such protection applies only to the President under Philippine law and jurisprudence. “The Vice-President in this particular case has no immunity from suit,” Justice Secretary Fredderick A. Vida told a news briefing on Thursday, referring to Ms. Duterte’s […]
Read more →Senate court taps retired justices
THE Senate impeachment court on Thursday confirmed the participation of four retired chief and associate justices to clarify the earlier ruling that upheld the 16-vote requirement for Vice-President Sara Duterte-Carpio’s conviction amid the suspension and absence of some senators. Impeachment court spokesperson Reginald Tongol said they have secured the participation of Retired Chief Justices Artemio […]
Read more →BI: Cayetano siblings left PHL
THE Bureau of Immigration (BI) confirmed on Thursdsy that Senate Minority Leader Alan Peter S. Cayetano and sibling Senator Pilar Juliana “Pia” S. Cayetano left the country following reports of the two being spotted at the Ninoy Aquino International Airport on Sept. 9. “Based on BI records, there were no hold departure orders or derogatory […]
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