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
Industry groups push for new steel standards
Industry groups are urging the Department of Trade and Industry to immediately implement new steel standards and ban the use of induction furnace (IF) to promote infrastructure and building safety, as the country is prone to earthquakes.
Read more →Meralco’s MSpectrum enters solar venture with Japanese firms
MSpectrum Inc., a subsidiary of Manila Electric Co., has formed a joint venture with two Tokyo-based firms to accelerate the solar adoption of Japanese businesses in the Philippines.
Read more →Mineral assets rise to P588 billion in 2025
The value of the country’s key mineral reserves rose to over P580 billion last year on the back of higher Class A gold reserves, according to the Philippine Statistics Authority.
Read more →Phl, Sweden ties remain strong
Next year, the Philippines and Sweden will celebrate 80 years of economic ties after the two countries established diplomatic relations in 1947.
Read more →SM Group leads 7 Philippine firms in Forbes’ Global 2000 list
Sy family-owned firms have once again topped the list of Philippine companies on Forbes’ list of the world’s largest public companies.
Read more →SPNEC building war chest for MGEN Renewables merger
SP New Energy Corp. is gearing up for its merger with parent MGEN Renewable Energy Inc., arming itself financially for the transaction expected to complete in the fourth quarter.
Read more →Stocks bounce back after sharp selloff
The local stock market rebounded following Wednesday’s selloff, with investors picking up bargains and sentiment getting a lift with the continued drop in oil prices.
Read more →Total car sales slow, but xEVs accelerate
Total vehicle sales declined by 12 percent from January to May, but electrified vehicles (xEVs) continued to buck the trend, surging by 134 percent.
Read more →Quezon Province, Quezon Provincial Hospital Network gain 'drug-free' workplace status
Because of its strict compliance and active implementation of the policies for a safe and drug-free workplace, the Provincial Government of Quezon and the Quezon Provincial Hospital Network (QPHN) received the Drug-Free Workplace Certification last June 22 in accordance with the DDB Board Regulation No. 13, Series of 2018.
Read more →The Philippines is the world’s new retirement capital. What does that mean for real estate?
SMDC shows why ready, connected homes matter more than ever.
Read more →CBS China Bank Savings pushes financial support for SMEs
CBS China Bank Savings is maintaining credit standards, committing to SME lending as part of its Build and Rise advocacy.
Read more →A call to prepare for El Niño
El Niño is rapidly developing and the time to prepare is now.
Read more →‘BSP regulatory relief credit negative for banks’
The Bangko Sentral ng Pilipinas temporary regulatory relief for banks may help cushion capital ratios from market volatility, but Moody’s Ratings warned that the move is credit negative as it reflects rising pressure from higher bond yields and unrealized losses on investment securities. In a report, Moody’s said the BSP’s relief measure allows banks to exclude valuation losses on peso-denominated government securities measured at fair value through other comprehensive income from the computatio
Read more →Coins.ph expands to Europe, UK
Coins.ph is expanding its financial services footprint into Europe and the United Kingdom through a partnership with London-based payments infrastructure provider Clear Junction, marking another step in the Philippine digital wallet’s push to grow its international business.
Read more →DICT rolls out rider IDs
The Department of Information and Communications Technology rolled out digital IDs for delivery riders yesterday, a move meant to curb fraud, protect consumers and finally give legitimate couriers the recognition they’ve long lacked.
Read more →DOTr pitches rail PPPs to investors in Singapore
The Department of Transportation presented to foreign investors in Singapore some of the railway contracts they can participate in through public-private partnerships.
Read more →Emperador sees sustained growth momentum this year
Emperador Inc., a diversified global liquor conglomerate, expects to sustain growth this year amid a resurgence in the brandy segment and improvement in the whisky market.
Read more →First Gen ‘keeping an eye’ on nuclear power venture
First Gen Corp. is sharpening its low-carbon strategy, with nuclear power emerging as an increasingly attractive opportunity amid growing national momentum for the technology.
Read more →Globe gets P5 billion BDO loan for capex, debt payments
elco-to-tech giant Globe Telecom Inc. has borrowed P5 billion from the country’s largest bank to partly fund its capital expenditures and debt payments.
Read more →Gokongwei invests P2.02 billion in PhilWeb
Tycoon Lance Gokongwei is investing P2.02 billion for a minority stake in listed gaming service provider PhilWeb Corp.
Read more →Inflation, geopolitical tensions slash pre-need profit 88% in Q1
The Philippine pre-need industry took a hit in the first quarter, with net income plummeting by 88.1 percent due to weaker trust fund income amid geopolitical tensions and inflationary pressures.
Read more →Meralco seeks bids for 600-MW baseload power supply deal
Power giant Manila Electric Co. has opened the bidding for its 600-megawatt baseload electricity requirement, aiming to secure a multi-year supply to keep the lights on in its franchise area.
Read more →No Philippines stagflation, high Vietnam industrialization
Recently, disinformation like the Philippines is in “stagflation” has been coming out more frequently. I say disinformation because people who use it do not really understand the term, much less can quantify the term.
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