Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1861 articles from BusinessWorld
Twin inflation shocks, growth woes test BSP’s policy credibility
THE BANGKO SENTRAL ng Pilipinas (BSP) might remain cautious as a growth slowdown amid mounting inflation risks from a volatility-driven peso depreciation and record-high wage hike tests its credibility, GlobalSource Partners said. In a report dated July 20, GlobalSource Partners Principal Advisor Diwa C. Guinigundo noted that the Philippines will face twin inflation shocks from […]
Read more →ERC eyes lower price cap for power reserves
THE ENERGY Regulatory Commission (ERC) is eyeing to lower the price ceiling for power reserves traded in the spot market to P9 per kilowatt-hour (kWh), offering much-needed relief for consumers.
Read more →Business groups urge government to help firms absorb wage hike
BUSINESS GROUPS are urging the government to prioritize measures that boost productivity and strengthen investor confidence to help firms absorb the higher labor costs from the increase in the daily minimum wage in Metro Manila.
Read more →GSIS becomes major Megawide investor with 9.5% stake
THE Government Service Insurance System (GSIS) has increased its stake in Megawide Construction Corp. to 9.5% after acquiring 111.94 million common shares through a series of block transactions, making the state pension fund one of the listed engineering and construction company’s major local institutional investors. The acquisition increased GSIS’ holdings to 191.71 million common shares, […]
Read more →Bringing culinary heritage to the city, one talk at a time
THE Filipino table in the city is often bereft of the treasures from the regions. But a new project by Center for Culinary Arts Manila (CCA Manila) Chief Executive Officer Badjie Trinidad and renowned chef and writer Reggie Aspiras might just change all that. Last April, they launched Philippine Heritage Kitchen (PHK), a program aimed […]
Read more →PAL signs Rolls-Royce engine deal for expanded A350 fleet
PHILIPPINE AIRLINES (PAL) has signed a memorandum of understanding with aircraft engine maker Rolls-Royce for Trent XWB-97 engines to power nine additional Airbus A350-1000 aircraft as the flag carrier advances its long-haul fleet expansion. In a disclosure on Wednesday, PAL Holdings, Inc. said the agreement covers 18 Trent XWB-97 engines for the nine aircraft, as […]
Read more →From the land, to the people, then to the spirits
DUE to its distance from the capital (it takes half a day to travel from Manila to the mountains of Sagada), how the people of the Cordillera Administrative Region live can be a mystery to some of us in the city. A talk at the event “The Forest Table of Sagada by Philippine Heritage Kitchen […]
Read more →Arthaland moves ahead with planned P3-B share offer
ARTHALAND Corp. has secured another regulatory approval for its planned preferred share offering of up to P3 billion, with proceeds earmarked to refinance maturing obligations and support ongoing project development. In a disclosure on Wednesday, the company said it received a Certificate of Filing of Enabling Resolution from the Securities and Exchange Commission (SEC), dated […]
Read more →TDF yield inches up on war woes
THE AVERAGE YIELD on the Bangko Sentral ng Pilipinas’ (BSP) term deposits edged up for a fifth straight week as soaring oil prices amid renewed tensions in the Middle East raised fresh inflation concerns. Demand for the BSP’s term deposit facility (TDF) reached P171.444 billion on Wednesday, exceeding the P130-billion offer of seven-day papers and […]
Read more →Meralco studies Albay expansion after South Cotabato setback
MANILA Electric Co. (Meralco) is exploring a potential partnership with Albay Electric Cooperative, Inc. (Aleco) after local officials sought the company’s assistance in improving electricity distribution services in the province. Arnel P. Casanova, Meralco senior vice-president and head of strategic distribution utility partnerships, told reporters last week that local leaders in Albay had asked the […]
Read more →IFC, Asialink explore ways to boost financing for affordable housing
THE INTERNATIONAL Finance Corp. (IFC) is working with Asialink Finance Corp. to assess the feasibility of establishing a specialized affordable housing finance company in the Philippines. In a project disclosure dated July 20 and updated on July 21, IFC said the partnership would involve market research, institutional capacity building, peer-learning activities, and strategic planning. The […]
Read more →Where it counts
You couldn’t miss her — a stooped old woman in soiled duster pushing a cart with her meagre belongings, accompanied by a cat and three dogs. I spotted her early that morning a day after the World Bank announced that the Philippines and Vietnam moved up to upper-middle income tier as our gross national product […]
Read more →SEC online lending overhaul hinges on enforcement — analysts
THE Securities and Exchange Commission (SEC) is set to lift its moratorium on new online lending platforms (OLPs) on Aug. 1 under a new regulatory framework that analysts said should strengthen consumer protection, improve industry standards, and promote responsible lending, provided the rules are consistently enforced.
Read more →Samsung’s latest foldables include all-new Fold8
SAMSUNG ELECTRONICS Co., Ltd. on Wednesday launched its latest lineup of Galaxy Z foldables, namely the Fold8 Ultra, the Flip8, and the Fold8, which introduces a new form factor to the series. The new phones are now available for pre-order in the Philippines. Pre-order offers include discounts for additional storage, trade-ins, and installment options with […]
Read more →BSP inks information-sharing deal with Justice dep’t
THE BANGKO SENTRAL ng Pilipinas (BSP) signed an agreement with the Department of Justice (DoJ) to exchange information as part of efforts to strengthen oversight and probes of financial crimes. The agreement authorizes the DoJ to request and receive financial account information from the BSP Consumer Account Protection Office (CAPO) as part of investigations and […]
Read more →Dining In/Out (07/23/26)
WITH Australian truffles at their peak from June to August, Filipino-Australian chef Oliver “Oli” Buenviaje has created an indulgent truffles and caviar menu for a special first-of-its-kind, one-day-only wine dinner, Truffle Alchemy, taking place on July 25 at World Cellar in Gateway Mall 2, Araneta City.
Read more →Small AI for SMEs
Artificial intelligence (AI) has dominated headlines lately, mostly because large corporations are pouring billions into computing infrastructure and enterprise-wide transformation. Some reports now say the costs are becoming harder to justify. That may be true for the giants. But small and medium enterprises (SMEs) can still gain a lot from AI, and cheaply. SMEs don’t […]
Read more →IT-ready office developments seen gaining traction as data center capacity expands
THE expansion of the Philippines’ data center capacity is driving demand for information technology (IT)-ready office developments as the country positions itself for opportunities in the global artificial intelligence (AI) supply chain, according to Santos Knight Frank. “Both the Luzon Economic Corridor and Pax Silica are the most exciting initiatives to date, following the business […]
Read more →Driving the Philippine EV transition through strategic infrastructure and grid resilience
The global transition towards sustainable energy has evolved from a distant environmental aspiration into an urgent economic and structural imperative. In the Philippines, this shift is gaining momentum, propelled not just by global market pressures, but by strategic foresight from key industry leaders. Speaking at the recent BusinessWorld Insights themed “Powering the Electric Shift,” Ralph Menchavez, President […]
Read more →Filipinos’ distrust of China rises; AFP rejects Beijing claim on Ayungin spat
THE share of Filipinos who distrust China rose to 64% in July from 55% in March, reflecting heightened public attention to disputes in the South China Sea, according to an OCTA Research survey released on Wednesday. “This suggests that more Filipinos are moving away from uncertainty and settling into a firmer — and increasingly distrustful […]
Read more →NBI probes VP security group for leads in Duterte’s threat case
THE National Bureau of Investigation (NBI) is examining whether members of Vice-President (VP) Sara Duterte-Carpio’s security group could provide leads in its continuing investigation into her alleged threats against President Ferdinand R. Marcos, Jr., Director Melvin A. Matibag told the Senate impeachment court on Wednesday. Testifying on the ninth day of Ms. Duterte’s impeachment trial, […]
Read more →Marcoleta pleads not guilty to plunder at Sandiganbayan
SENATOR Rodante D. Marcoleta on Wednesday pleaded not guilty to plunder and gift-related charges before the Sandiganbayan over allegations that he failed to declare P75 million in campaign contributions during the 2025 midterm elections.
Read more →Security tightened ahead of Marcos SONA
THE PHILIPPINE government is tightening security and traffic measures ahead of President Ferdinand R. Marcos, Jr.’s fifth State of the Nation Address (SONA) on July 27, with police set to deploy more than 21,000 personnel across Metro Manila as protest groups prepare demonstrations near the venue. During a meeting of the government’s security cluster on […]
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