Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1496 articles from PhilStar Business
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.
Read more →Coins.ph teams up with Bayad
Digital asset platform Coins.ph is expanding its payments business through a partnership with Bayad that will nearly double the number of billers available on its app and reduce reliance on third-party payment aggregators.
Read more →Food exporters dig deep to capitalize on ube rush
As the Philippines rushes to capitalize on the surging global appetite for its iconic purple root crop, food processors are pushing to secure high-quality ube (purple yam) materials for processing and export.
Read more →Government mulls higher profit share in Semirara coal deal
The Marcos administration is weighing a larger share of proceeds from the new contract covering the Semirara coal mine in Antique, as the auction process faces further delays.
Read more →How to turn waste into power sources
Rockefeller Farm has dedicated a portion of its seven-hectare land for a dome-like structure.
Read more →‘Lack of long-term goals hinders Philippines growth’
The country’s economic growth could have accelerated further had the government consistently funded big-ticket infrastructure projects across different administrations, an economist said.
Read more →More Manila-Istanbul flights on the way
Filipinos can expect more flight options to Turkey following the signing of a new deal between Manila and Istanbul for additional air seats.
Read more →Move before the fog clears
Many adults are not hindered by a lack of talent, but rather by a discomfort with uncertainty.
Read more →Philippines tax revenue goal ‘ambitious,’ says BMI
The Philippine government’s tax revenue target appears “ambitious,” with value-added tax collections estimated to rise by 12.8 percent to P860 billion next year even without introducing major tax reforms, according to research and analysis firm BMI.
Read more →Pinoy workers want more despite salary satisfaction – survey
Most Filipinos said they were fairly paid, but only six in 10 workers said they were satisfied with their current pay, according to a survey conducted by Jobstreet by SEEK.
Read more →SMC expands urban farms beyond Luzon
Diversified conglomerate San Miguel Corp. is expanding its urban farm initiative beyond Luzon as it recently established its first backyard farm site in the Visayas to support local food security.
Read more →Visa, UMSI roll out phone-based card payments for SMEs
Visa has partnered with USSC Money Services Inc. to roll out a new payment solution that allows small businesses to accept contactless card payments directly through smartphones without buying or renting traditional point-of-sale terminals.
Read more →AGI profit rises to P16 billion
Conglomerate Alliance Global Group Inc. (AGI) of tycoon Andrew Tan saw its profit inch up in the first semester, supported by its diversified portfolio.
Read more →‘BSP sees less need for aggressive rate hikes’
The Bangko Sentral ng Pilipinas can afford to be less aggressive in raising interest rates as economic growth remains below potential, but policymakers still need to see a more convincing decline in inflation before relaxing their stance, BSP Governor Eli Remolona Jr. said.
Read more →Cebu Pacific off to good start in second half
The country’s largest carrier grew its passenger volume to more than 2.2 million in July, putting it on pace for a better second half as it tries to bounce back from its net loss.
Read more →Cosco books higher profit in first half
Strong operating performance across major business segments boosted earnings of Cosco Capital Inc. by 9.2 percent to P8.3 billion in the first half.
Read more →Cutting people for AI?
I came across an industry article saying that the hottest new job title in corporate America isn’t “AI specialist.” It’s “Please come back; We made a terrible mistake.””
Read more →DA lifts ban on imported canned pork
The Department of Agriculture (DA) has lifted the temporary ban on imported canned pork products, a mandate the Philippines has imposed since 2019.
Read more →Dairy industry posts gains in six months
The country’s dairy industry saw sustained gains in the first half, driven by rising production, herd expansion and higher farmgate prices, according to the National Dairy Authority (NDA).
Read more →DBP rolls out deposit campaign to widen funding base
State-run Development Bank of the Philippines (DBP) is seeking to attract more deposits to expand its funding base to various support lending activities.
Read more →ERC steps up push to clear regulatory backlogs
In just a year, the Energy Regulatory Commission (ERC) made a major dent in its long-standing backlog, clearing nearly 400 electricity supply deals and power infrastructure projects.
Read more →Government to restore P107 billion PDIC funds over 2 years
The government seeks to restore the entire P107.23 billion previously remitted by the Philippine Deposit Insurance Corp. (PDIC) to the national coffers over two years, starting with P57 billion under the proposed 2027 national budget.
Read more →GT Capital nets P16.4 billion in January-June
GT Capital Holdings Inc., the diversified conglomerate of the Ty family, delivered lower earnings in the first half, with the group’s performance mirroring a general slowdown in economic activity.
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