Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1276 articles from PhilStar Business
‘High tariffs, price caps hamper investments’
Government policies such as high tariffs and price ceilings squeeze local agribusinesses’ profits, reducing their capacity to invest further in the sector and expand operations, an official of Bank of the Philippine Islands said.
Read more →Philippine banks strong despite risks – BSP
Philippine banks remain capable of absorbing potential shocks even as Fitch Ratings warned that slower economic growth, high energy prices and rapid expansion in unsecured consumer lending could raise asset quality risks and weigh on bank earnings, according to the Bangko Sentral ng Pilipinas (BSP).
Read more →Philippines among top investment markets for Swedish firms
The Philippines is among the top investment markets for Swedish firms with over 60 percent of companies planning to increase their investments in the country, according to a survey.
Read more →Rice imports seen rising to 5.7 million metric tons
The Philippines is projected to import 5.7 million metric tons (MT) of rice this year, the US Department of Agriculture (USDA) said, as local production is expected to decline.
Read more →Slow economic growth to remain
Interesting economic briefing and fireside chat organized by the UP College of Business Administration Alumni Association (UPCBAA).
Read more →Toyota rolls out Land Cruiser hybrid variant
Toyota Motor Philippines Corp. (TMP) has started the sale of the Land Cruiser hybrid variant in the country, expanding its offering in the growing electrified vehicle segment.
Read more →Yuchengco nears commercial run of 3 renewable energy projects
The Yuchengco Group remains on track toward the commercial operation of its three renewable energy (RE) projects in Luzon and the Visayas.
Read more →Airfares may get cheaper in July as fuel surcharge hits new low
Travelers may see lower airfares in July as the CAB cuts fuel surcharge to its lowest level since the Middle East-driven oil price surge.
Read more →‘BSP may raise rates further’
The Bangko Sentral ng Pilipinas (BSP) may still raise interest rates further as it tries to contain inflation without worsening the economy’s slowdown, Monetary Board member Benjamin Diokno said.
Read more →Firms see better prospects but consumers remain wary
Businesses turned less pessimistic in May while consumers grew more downbeat in the second quarter, reflecting a split in sentiment as firms pointed to easing cost pressures and stronger demand, but households remained weighed down by inflation fears and concerns over governance.
Read more →ICTSI proceeds with 26-year extension for Australian unit
Port giant International Container Terminal Services Inc. (ICTSI) is proceeding with the 26-year extension of its contract to operate and maintain one of the world’s most technologically advanced terminals.
Read more →Legitimate public concern
Back in 2019, the Philippine government launched the fuel-marking program (FMP) aimed at combatting oil smuggling into the country.
Read more →Monde MY San invests over P5 billion for Pampanga plant
Biscuit manufacturer Monde M.Y. San Corp. is spending over P5 billion for a new plant in Pampanga that is slated to open next year, according to the Philippine Economic Zone Authority (PEZA).
Read more →Philex sets Silangan mine opening by Q3
Pangilinan-led Philex Mining Corp. expects to begin commercial operations of its Silangan project by the third quarter, barring any further delays in the completion of the processing plant.
Read more →‘Power of choice’ moves closer to homes
“Malayo pa, pero malayo na (Still a long way to go, but we’ve come a long way).”
Read more →PSEi ekes out gains despite absence of fresh leads
The benchmark Philippine Stock Exchange index (PSEi) eked out a marginal increase to end the week in the positive territory despite the lack of fresh catalysts.
Read more →The AI they cannot build
I recently returned from Singapore, where my daughter-boss, Rachel and I attended SuperAI, Asia’s largest AI conference at Marina Bay Sands.
Read more →DigiPlus unveils 'Entertainment for Good' campaign to advance new corporate vision
DigiPlus Interactive Corp. has officially launched its "Entertainment for Good" framework, mapping out a corporate strategy that bridges commercial growth with meaningful social impact.
Read more →Why buyers are turning to landed condos
Investment activity in Metro South is increasingly guided by tangible fundamentals.
Read more →Agri devolution is a failure
One of the big disappointments of the Local Government Code is the failure of LGUs to pick up the responsibility for agricultural technical support for farmers. This failure has severely crippled Philippine agricultural productivity over the last 30 years and a big reason why we have food insecurity.
Read more →AMLC flags tax crimes as money laundering threat
Tax crimes have been flagged as one of the Philippines’ highest money laundering threats, with authorities warning that proceeds from tax evasion may be coursed through banks, shell companies, real estate and other formal channels.
Read more →Budget gap widens to P198.5 billion in May
The government swung back to a budget deficit in May as revenues declined amid the early remittance of dividends by state-owned agencies, while spending increased, the Bureau of the Treasury said.
Read more →Fitch: Philippine banks face higher bad loan risks
Philippine banks may see higher bad loans and weaker earnings in the near term as slower economic growth, high energy prices and rapid growth in unsecured consumer lending raise asset quality risks, Fitch Ratings said. In a report, Fitch said underlying credit risks are likely to persist, with the sharp rise in unsecured consumer loans leaving banks more vulnerable to slower income growth and high inflation.
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