Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
300 articles from BusinessWorld
Meralco Q2 energy sales volume edges up on warmer weather
MANILA ELECTRIC Co. (Meralco) posted a slight increase in energy sales volume in the second quarter, driven mainly by warmer temperatures associated with the onset of El Niño. Initial data showed that energy sales volume rose by 0.6% year on year to 14,495 gigawatt-hours (GWh), Charina P. Padua, Meralco senior vice-president and head of customer […]
Read more →PHL auto sales rebound in May
EVEN WITH the US-Iran war in full swing last May, local auto sales registered a hefty rebound, per the consolidated report from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA). Versus April, total May sales hiked by 24% to reach 33,532 units. Factoring in non-CAMPI-TMA firms, total sales […]
Read more →T-bill, bond rates may be mixed on PHL inflation, Fed hike bets
YIELDS on the Treasury bills (T-bills) and Treasury bonds (T-bonds) up for auction this week may end mixed amid inflation and rate hike bets. The Bureau of the Treasury (BTr) will auction off up to P60 billion in T-bills on Monday, or P20 billion each in 91- and 182-day papers and P10-20 billion in 364-day […]
Read more →Ayala Land rises on bargain hunting, expansion plans
SHARES of Ayala Land, Inc. (ALI) rose last week as investors hunted for bargains after the property developer announced fresh investments in its 320-hectare (ha) Lio estate in El Nido, Palawan.
Read more →VinFast electrifies drive-to-earn space
ASK VINFAST officials and they will say that full-electric mobility has already moved well beyond novelty — emerging as a practical and viable path toward sustainable transportation and more cost-efficient ownership. But the battery electric vehicle (BEV) specialist believes the proposition should not stop there. Why not, it argues, harness the advantages of the format […]
Read more →Ube association proposed to address export demand
BUREAU of Plant Industry (BPI) Director Gerald Glenn F. Panganiban said the Department of Agriculture (DA) is floating the idea of a purple yam (ube) exporter association to set standards and meet growing international demand for the crop. Agriculture Secretary Francisco P. Tiu Laurel, Jr. met with members of the ube industry last week to […]
Read more →Peso to move sideways before June CPI
THE PESO could move sideways against the dollar this week as the market awaits the release of June Philippine inflation data, which could ease from the prior month but stay above target amid continued price risks. On Friday, the currency strengthened by 15 centavos to close at P61.415 per dollar from Thursday’s P61.565 finish. Week […]
Read more →Federal Land shifts 4 Pasay projects to RE
FEDERAL LAND, Inc., the property development arm of GT Capital Holdings, Inc., has shifted four residential developments within its Metropolitan Park complex in Pasay City to 100% renewable energy (RE) under a multi-year supply agreement with ACEN Renewable Energy Solutions (ACEN RES), the retail electricity unit of ACEN Corp. The agreement covers the ready-for-occupancy Six […]
Read more →Fashion for the brave bride
DUBAI-BASED Filipino fashion designer Furne One Amato, whose works have clothed stars like Beyoncé, Mariah Carey, and Lady Gaga, as well as pop culture icons Paris Hilton and Heidi Klum, graced the Conrad Manila with his presence and his new collection.
Read more →A new BSP publication: Risk and Resilience in the Philippine Financial System
I recently came across an interview with Mervyn King, former Governor of the Bank of England, in Central Banking magazine (“Mervyn King on his career and big ‘mistakes’,” Central Banking). Looking back on the Global Financial Crisis (GFC), he said that the problem was not only the scale of the threat facing major banks but […]
Read more →The all-arounders
HONDA is now considered a relatively “quiet” brand, which comes as a surprise since it was once one of the top-selling marques in the Philippines. However, with more competition featuring aggressive pricing, features, and great quality, Honda’s share of the pie has gotten smaller over the years. Yet there is still a quiet confidence within […]
Read more →PHL seeks US market access for pineapple
BUREAU of Plant Industry Director Gerald Glenn F. Panganiban said the Department of Agriculture (DA) is seeking greater access to the US market for Philippine pineapple. Mr. Panganiban said the DA is awaiting word from the Federal Register, which sets the rules for shipping goods into US ports. “I don’t want to comment on their […]
Read more →BSP bills’ rate ends flat amid oversubscription
THE BANGKO SENTRAL ng Pilipinas’ (BSP) short-term securities’ average rate was nearly flat on Friday, with demand for the offer staying strong. Tenders for the 28-day BSP bills amounted to P80.074 billion, more than double the P30-billion offer but below the P85.659 billion in bids for the same volume auctioned off in the previous week. […]
Read more →Globe bets on AI to improve operations, customer experience
GLOBE TELECOM, Inc. said it is expanding its use of artificial intelligence (AI) across its operations as it seeks to improve customer experience, strengthen network operations, and develop new products and services. Speaking at Mobile World Congress Shanghai 2026, Globe President and Chief Executive Officer Carl R. Cruz said the company views AI as a […]
Read more →Shares may rise further despite lingering risks
PHILIPPINE STOCKS may sustain their momentum this week on expectations of easing inflation, but investors may stay cautious over geopolitical developments and macroeconomic risks. On Friday, the Philippine Stock Exchange index (PSEi) jumped by 1.01% or 62.31 points to close at 6,188.03, while the broader all shares index rose by 0.83% or 27.91 points to […]
Read more →Impeachment process seen as crucial as verdict as VP Duterte’s trial starts
THE Senate’s handling of Vice-President (VP) Sara Duterte-Carpio’s impeachment trial will be as important as the verdict itself because it will shape future impeachment proceedings, test the country’s democratic institutions, and influence public confidence in the rule of law, political analysts said.
Read more →China sanctions on PHL Defense chief ‘unhelpful’
PRESIDENT Ferdinand R. Marcos, Jr. on Sunday criticized China’s decision to sanction Defense Secretary Gilberto C. Teodoro, Jr., calling the move “very unhelpful” and saying it raises tensions instead of helping manage disputes in the South China Sea. “The declaration by Beijing of Secretary Teodoro as persona non grata… is very unhelpful, in my view,” […]
Read more →PHL-Canada partnership may boost tech ties
TECHNOLOGY, critical minerals and security cooperation are expected to drive the Philippines’ strategic partnership with Canada, analysts said, after the two countries elevated bilateral ties during President Ferdinand R. Marcos, Jr.’s official visit to Vancouver.
Read more →Flood control probe not done yet
THE government is far from finished investigating alleged multibillion-peso flood control anomalies, President Ferdinand R. Marcos, Jr. said, claiming the corruption scheme his administration exposed predates his term in office. Speaking during a livestreamed news briefing in Vancouver, Canada on Saturday (Sunday, Manila time), Mr. Marcos rejected allegations of his own involvement in the irregularities, […]
Read more →Law vs violent extremism sought
SENATE President Sherwin T. Gatchalian on Sunday said there is a need to draft a law countering nihilistic violent extremism (NVE), citing a rise in reported minor-inflicted violence following the deadly Tacloban school shooting. In a press statement, Mr. Gatchalian expressed openness to working with the Department of Justice in crafting the policy on NVE […]
Read more →Isabela rice aid drives farm economy
ILAGAN CITY, Isabela — Isabela’s flagship Rice Assistance Program is emerging as an economic lifeline for both farmers and consumers, with the provincial government recently expanding free rice distribution to nearly 1,000 more Education department personnel, while guaranteeing a market for locally produced palay (unmilled rice). A total of 999 teaching and non-teaching employees in […]
Read more →SC affirms Nippon Express tax win
THE Supreme Court (SC) has upheld an order suspending the collection of P81.35 million in alleged deficiency taxes from Nippon Express Philippines Corp., ruling that the Court of Tax Appeals (CTA) properly suspended collection after the tax agency tried to enforce the assessment before the payment deadline had lapsed. In a nine-page decision promulgated on […]
Read more →Dumuloc dam to help 1,484 farmers
BUGALLON, Pangasinan — Nearly 1,500 farmers in Bugallon, Pangasinan will have year-round irrigation once the Dumuloc Small Reservoir Irrigation Project (SRIP) is completed. Top officials of the National Irrigation Administration (NIA) inspected the progress of the project, expected to provide a stable water supply to about 1,632 hectares of farmland across nine villages, helping 1,484 […]
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