Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2354 articles from BusinessWorld
Metro Manila lags most SEA nomad hubs in mobile speed — Ookla
METRO MANILA ranked 11th among 13 Southeast Asian (SEA) destinations in median mobile download speed in the second quarter, although its connectivity remained sufficient for remote work, according to network intelligence firm Ookla. In a Sept. 8 report, Ookla said Metro Manila recorded a median mobile download speed of 75.57 megabits per second (Mbps) across […]
Read more →PhilWeb to sell P1.34-B treasury shares to JKS
LISTED gaming technology company PhilWeb Corp. will sell P1.34 billion worth of its treasury shares to JKS Tech Solutions, Inc., the gaming system administrator behind the Epic Game brand, as part of a broader transaction intended to give the PhilWeb group a 30% stake in JKS. In a disclosure on Wednesday, PhilWeb said it agreed […]
Read more →SM Offices signs Visa expansion lease at Four E-com
SM OFFICES, the office leasing arm of SM Prime Holdings, Inc., has signed an expansion lease with Visa, Inc. that will more than double the digital payments company’s office footprint to 9,000 square meters (sq.m.) at the SM Mall of Asia Complex in Pasay City. In a statement on Wednesday, SM Offices said Visa will […]
Read more →Philosophy lessons from a sushi chef
A FEW select media guests got a lesson in ephemerality and the joy of fleeting pleasures at, of all things, an evening of sushi at the Grand Hyatt Manila’s Lobby Lounge.
Read more →Spanish restaurants serve as food ambassadors to the world
LUIS PLANAS, Spanish minister of agriculture, fisheries and food, paid a visit to the Philippines last week and highlighted the importance of food security, as well as the importance of Spanish food imports and restaurants in the Philippines. “The agricultural sector is one of the pillars of the Spanish economy,” said Mr. Planas in a […]
Read more →Term deposit yields rise further on hawkish BSP, peso weakness
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits climbed for a third straight week despite strong demand amid its hawkish stance and the peso’s depreciation. The BSP’s term deposit facility (TDF) fetched P148.137 billion in bids for the seven-day papers on Wednesday, higher than the P130-billion offer and the P140.675 billion in tenders […]
Read more →ABS-CBN adjusts capital plan for new investors
ABS-CBN CORP. has adjusted its proposed capital structure ahead of planned share subscriptions from new and existing investors, while keeping its authorized capital stock increase at P4.5 billion. In a disclosure on Wednesday, ABS-CBN said its board on Sept. 8 increased the proposed number of preferred shares to 1.3 billion from 1 billion and adjusted […]
Read more →Why doing good is profitable
When there’s talk of business growth opportunities, scalability, and social impact, the ice business isn’t exactly the first thing to enter the conversation. But it should be. That’s what Gerry Santos, the founder of the ever-present Mr. Freeze, has proven with every aspect of his ice wholesale business. From the ice plant to distribution to […]
Read more →Peso rebounds to track yen’s climb
THE PESO strengthened against the dollar on Wednesday to track the Japanese yen’s continued surge along with other regional currencies. The currency rebounded by 11.2 centavos to finish at P62.513 versus the greenback from Tuesday’s all-time low close of P62.625, data from the Bankers Association of the Philippines’ website showed. The local unit opened Wednesday’s […]
Read more →WS Audiology sees continued growth in Philippine hearing aid market
SINGAPORE — WS Audiology (WSA), a hearing aid manufacturer, expects the Philippines to remain a high-growth market as it prepares to bring its new Signia MaX platform to the country, with the launch targeted for late 2026 or early 2027. WSA Managing Director for Southeast Asia April Chong said the company sees room for the […]
Read more →Robinsons Supermarket opens first Panglao branch
ROBINSONS Retail Holdings, Inc. (RRHI) has opened its first Robinsons Supermarket branch in Panglao, Bohol, expanding its grocery network in the province. In a statement on Wednesday, Robinsons Supermarket said the store opened on Sept. 4 at the Bellemar Lifestyle Center along Anos Fonacier Road in Tawala, Panglao. “As we continue to expand our footprint […]
Read more →Better a late ban than never
When I started as a newspaper reporter 33 years ago, I was still smoking, much like many other journalists at the time. For health reasons, I quit around 17 years ago, a couple of years after I left the news desk and turned to writing an opinion column full time. I do not miss cigarettes […]
Read more →Global ‘dirty money’ watchdog to evaluate the Philippines anew
THE BANGKO SENTRAL ng Pilipinas (BSP) has enjoined its supervised financial institutions (BSFIs) to proactively participate in the Financial Action Task Force’s (FATF) upcoming evaluation of the country’s financial system. In a circular dated Sept. 2, the central bank said BSFIs’ data and insights will be vital in the FATF’s mutual evaluation (ME) of the […]
Read more →Canva Philippines partners with Adarna House
CANVA PHILIPPINES has partnered with Adarna House to bring the publishing house’s iconic characters and illustrations onto the design platform. The Adarna House Creative Library on Canva features a curated selection of printable pages, elements, and customizable templates from its activity books, including Sanayang Adarna, Kaya Kong Magsulat!, and Kaya Kong Gumuhit! as part of […]
Read more →Dining In/Out (09/10/26)
THIS SEPTEMBER, Marco Polo Ortigas’ Cucina presents Taste of Italia, a buffet featuring Osso Buco Milanese, Chicken Parmigiana, Tomato and Burrata Salad, Crostata, Limoncello, and various Italian-inspired dishes.
Read more →Marcos to press India on $5.8-billion investment pledges at BRICS Summit
PRESIDENT Ferdinand R. Marcos, Jr. will travel to New Delhi on Sept. 12-13 to attend the 18th BRICS Summit, where he is expected to press Indian companies to follow through on $5.8 billion in investment pledges made during his visit to India last year.
Read more →Pax Silica to boost Manila’s tech value chain, says DFA
THE Washington-led Pax Silica initiative could help the Philippines move up the global technology value chain by supporting semiconductor production, critical mineral processing and emerging technologies, the Department of Foreign Affairs (DFA) said.
Read more →House urged to review parliamentary courtesy amid budget scrutiny
By Pexcel John Bacon A LAWMAKER urged the House of Representatives to review its practice of extending parliamentary courtesy to the President and Vice-President, saying the tradition should not prevent lawmakers from scrutinizing their proposed budgets. Party-list Rep. Leila M. de Lima, a House senior minority leader, told BusinessWorld that parliamentary courtesy is rooted in […]
Read more →TUCP rejects fresh P60 NCR wage hike
THE Trade Union Congress of the Philippines (TUCP) opposed the fresh P60 daily wage increase in the National Capital Region (NCR), saying it could effectively replace the P85 increase under an earlier wage order and deny workers more than P2 billion in back pay. “The Department of Labor and Employment (DoLE) did not merely fall […]
Read more →SC reverses Imelda Marcos’ graft conviction over foreign foundations
THE Supreme Court (SC) overturned the conviction of former first lady Imelda R. Marcos on seven counts of graft over her alleged financial interest in Swiss foundations, finding the prosecution failed to prove her guilt beyond reasonable doubt. In a 50-page decision promulgated Jun. 10 and made public on Wednesday, the SC’s First Division acquitted Mrs. Marcos […]
Read more →Nearly half of Filipinos expect better living conditions in next 12 months
ABOUT 48% of adult Filipinos surveyed in June believed their personal condition would get better over the coming 12 months, climbing from 38% in March, according to a Social Weather Stations (SWS) survey. In a statement on Wednesday, the pollster said its second-quarter 2026 survey found 31% expecting their living standards to stay the same, […]
Read more →Gov’t to keep investing in education
PRESIDENT Ferdinand R. Marcos, Jr. vowed to sustain the government’s investments in basic education after the Philippines logged its best scores yet in an international student assessment. Mr. Marcos made the pledge after the Organisation for Economic Co-operation and Development (OECD) released the 2025 Programme for International Student Assessment (PISA) results, which showed the Philippines […]
Read more →Schools must act first vs bullying
THE Department of Justice (DoJ) said schools should primarily handle bullying incidents involving their students, while cases requiring legal or prosecutorial intervention may be referred to its offices. “Addressing bullying is not only the responsibility of the person being bullied. It is also the responsibility of teachers, parents, school personnel, and everyone in the school […]
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