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
Fuel prices seen to jump by up to P5.01 per liter
The rollback relief is ending as prices seen to surge by up at least P2.49 per liter.
Read more →ABS-CBN revenue drops 17% as H1 loss widens to P1.83B
ABS-CBN is looking to BINI and films for lift after P1.83-billion H1 loss.
Read more →SMDC Homes in Mabalacat are ready when your family is
Cheerful Homes and Cheerful Homes 2 offer move-in-ready options for first-time buyers, growing families and OFW households.
Read more →Abalos recognized in Cebu
Cabinet Secretary Benjamin “Benhur” Abalos Jr. received recognition from Cebu’s provincial and local leaders during his recent visit to the province.
Read more →BDO strengthens anti-scam advocacy for senior citizens
As financial scams become increasingly sophisticated, BDO Unibank continues to strengthen its fraud awareness efforts to help protect vulnerable sectors, particularly senior citizens, from emerging threats.
Read more →Remittances reach first-half high of $3.04 billion in June
Cash sent through banks reached $3.04 billion in June, up 1.7%.
Read more →A matter of competence
It was an interesting conversation that members and guests of the Monday Circle had last week with Megawide Construction Corp. founder, chairman and CEO Edgar Saavedra.
Read more →Clark’s P4 billion food hub partially ready by 2027
The Department of Agriculture (DA) is targeting to start partial operation of the P4-billion Clark National Food Hub by end-2027, according to Agriculture Secretary Francisco Tiu Laurel Jr.
Read more →Garin hopeful on MIC-NGCP deal closing
Energy Secretary Sharon Garin remains optimistic that Maharlika Investment Corp.’s (MIC) P19.7-billion entry into the country’s grid operator could be completed before the year ends.
Read more →Impact on power competition: Ang’s entry into Lopez empire on ERC’s radar
Tycoon Ramon Ang’s investment in the Lopez Group has drawn the attention of the Energy Regulatory Commission (ERC), which is ready to assess its potential impact on competition in the electricity market.
Read more →MPIC books higher core income in H1
Conglomerate Metro Pacific Investments Corp. (MPIC) delivered higher core earnings in the first half despite a challenging environment, supported by strong results from its power and water businesses.
Read more →Prices of building materials climb at fastest pace in over 3 years
Growth in retail prices of building materials in Metro Manila in July hit its highest level in over three years, driven by the faster increase in prices of painting materials, according to the Philippine Statistics Authority (PSA).
Read more →Prime Infrastructure eyes early finish for Rizal hydro
Razon-led Prime Infrastructure Capital Inc. is racing to bring its $2.57-billion hydropower project in Rizal online ahead of schedule.
Read more →Rice tariff collection rises 18 percent
The government’s rice tariff collection from January to July rose by 18 percent on an annual basis to almost P13 billion, driven by higher import volume and weaker peso, data from the Bureau of Customs (BOC) showed.
Read more →Sans political ads, GMA fumbles in H1
Broadcast leader GMA Network Inc. is struggling to grow its business outside the election cycle, nearly wiping out its profit in the first half due to the absence of political ads.
Read more →Sideways trading with upward bias likely
Share prices may move sideways this shortened trading week, with a slight upward bias, on hopes that the Bangko Sentral ng Pilipinas (BSP) will be less aggressive in raising interest rates.
Read more →Siyam-siyam
We have had about two weeks of almost non-stop rain even in the absence of a typhoon. In Tagalog, we call it siyam siyam.
Read more →SM Prime cautious on new residential launches
SM Prime Holdings Inc., the integrated property arm of the SM Group, is keeping a cautious stance when it comes to residential project launches for the remainder of the year.
Read more →To build or not to build: Dito weighs entry into data centers
It is becoming more and more tempting for Dennis Uy’s Dito Telecommunity Corp. to hop on the data center bandwagon, but it will likely do so only when it turns profitable.
Read more →Understanding the investor
Behavioral economics introduces psychology as the determining factor in how the consumer behaves.
Read more →What’s next for Dusit Thani Manila? ALI mulls options
Discussions are ongoing about the future of Dusit Thani Manila, a five-star hotel in Makati whose land lease will expire next year.
Read more →BIR clarifies rules on early PERA withdrawals
The Bureau of Internal Revenue has clarified the rules on early withdrawals from Personal Equity and Retirement Accounts, noting that the 20 percent penalty will apply only to income attributable to the portion actually withdrawn.
Read more →Borderless banking
Picture a nurse finishing a night shift in a Los Angeles hospital, checking her phone in the parking lot before she drives home, or an engineer in Silicon Valley, stepping out of a meeting to send money before the exchange rate shifts again.
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