Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1853 articles from BusinessWorld
Philippines’ foreign debt service bill climbs at end-May
THE Philippines’ debt service on foreign loans continued to rise as the government made higher principal payments as of May, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Read more →BusinessWorld receives award from PIDS
BUSINESSWORLD received the “Daluyan ng Dunong: Outstanding Print/Online Media Partner” from the Philippine Institute for Development Studies (PIDS). This was part of the “Saliksik at Balita: PIDS Media Awards.” BusinessWorld was recognized as the “most supportive media organization whose work has consistently amplified evidence-based research and deepened public understanding of key development issues.” BusinessWorld Editor-in-Chief […]
Read more →Jollibee advances global unit spinoff with HK listing plan
JOLLIBEE Foods Corp. (JFC) has selected Hong Kong (HK) as the proposed listing venue for its international business, replacing its earlier plan to pursue a US listing as it moves ahead with the separation of its overseas operations. In a disclosure on Tuesday, JFC said it is contemplating a separate listing of shares in Jollibee […]
Read more →DICT sees 2026 telco spending reaching P153 billion
THE Department of Information and Communications Technology (DICT) expects capital spending by major Philippine telecommunications companies (telcos) to reach as much as $2.45 billion, or about P152.88 billion, this year.
Read more →Meralco set to evaluate lowest bids for 600-MW supply
MANILA Electric Co. (Meralco) is set to evaluate the three lowest bids for its 600-megawatt (MW) baseload supply requirement, with offers from generators under San Miguel Global Power Holdings Corp. (SMGP) and Aboitiz Power Corp. (AboitizPower) starting at P5.3573 per kilowatt-hour (kWh). In a statement on Tuesday, Meralco said six of the nine bidders that […]
Read more →Solar Philippines sells P3 billion worth of SPNEC shares
SOLAR PHILIPPINES Power Project Holdings, Inc. (SPPHI), founded by businessman-turned-politician Leandro L. Leviste, has sold P3 billion worth of shares in SP New Energy Corp. (SPNEC). SPPHI sold 2.4 billion SPNEC shares at P1.25 each, equivalent to a 4.79% stake, according to a regulatory filing on Tuesday. Following the sale, SPPHI’s ownership in SPNEC fell […]
Read more →Metro Pacific Water sets P23-B five-year investment plan
METRO PACIFIC Water (MPW), a wholly owned subsidiary of Pangilinan-led Metro Pacific Investments Corp. (MPIC), plans to invest about P23 billion over the next five years across its water businesses in the Philippines and Vietnam. “Water security is economic security, and this P23-billion investment is our commitment to building the infrastructure the next generation will […]
Read more →A lifetime of art shaped by love for the Philippines
IN MARCH of last year, the passing of master modernist painter Juvenal Sansó gave shape to an idea for an exhibition. To honor the man’s contributions to Philippine art, Fundacion Sansó director Ricky Francisco and National Museum director-general Jeremy Barns decided it was time for the museum to mount its very first solo exhibition centered on Mr. Sansó’s works.
Read more →Former Finance chief Dominguez joins Megaworld board
FORMER Finance Secretary Carlos “Sonny” G. Dominguez III has been appointed lead independent director of Megaworld Corp., the company said on Tuesday. Mr. Dominguez served as Finance secretary from 2016 to 2022. He previously headed the Department of Agriculture and the Department of Environment and Natural Resources in the late 1980s. He has also held […]
Read more →An extraordinary love story for Filipino audiences
THE latest production of Theater Group Asia (TGA) is a beloved Broadway title, The Notebook: The Musical, which will have New York-based Filipino-American theater director Nicholas Polonio at the helm.
Read more →MGEN taps US, local firms for small modular reactor study
MERALCO PowerGen Corp. (MGEN), a subsidiary of Manila Electric Co. (Meralco), has tapped US engineering firm Sargent & Lundy (S&L) and AMH Philippines, Inc. (AMH) to study the potential deployment of small modular reactors (SMRs) in the Philippines. In a statement on Tuesday, MGEN said the companies will undertake a comprehensive feasibility study under a […]
Read more →The impact of artificial intelligence on the youth: Liberal Arts
Pope Leo XIV rightly points out that the advance of information technologies and AI is rapidly rendering obsolete curricula that were designed for a different era.
Read more →Arts & Culture (09/02/26)
THE exhibit Homage to Manansala’s Manila, presented by Art Forward Manila in partnership with the University of the Philippines Manila – Museum of a History of Ideas (UPM-MHI), is running until Sept. 3.
Read more →Yuchengco firm’s Pangasinan solar farm gets ERC nod for commercial operations
YUCHENGCO-LED PetroGreen Energy Corp. (PGEC) is set to begin commercial operations of its 25-megawatt-peak (MWp) solar farm in Pangasinan after securing a permit from the Energy Regulatory Commission (ERC). In a statement on Tuesday, PGEC said the ERC issued a certificate of compliance (CoC) for the project, which the company described as the final approval […]
Read more →Striking a balance on the issue of corn
Corn may not be a common item on Filipino families’ plates, but it is present on their tables in ways not obviously seen. Corn makes up 50% to 60% of feed formulations, and accounts for 60% to 70% of production costs in the poultry and swine sectors. This means that the common diet of the […]
Read more →Short-term yields jump on US-Iran fears
THE GOVERNMENT made a partial award of the short-term debt it offered on Tuesday as yields climbed due to a global bond sell-off after the United States and Iran exchanged attacks again, reigniting inflation fears. The Bureau of the Treasury (BTr) raised a combined P49.582 billion from its offering of cash management bills (CMBs) and […]
Read more →SM Supermalls to expand key malls as tenant demand grows
SM SUPERMALLS is expanding key malls across the country, including a 30% increase in gross leasable area (GLA) at SM City Sto. Tomas in Batangas amid strong tenant demand. The mall operator is also adding 46,000 square meters (sq.m.) at SM City Iloilo and a two-story expansion at SM City Naga, SM Supermalls President Steven […]
Read more →Blockchain budget bill delay may raise doubts on Marcos anti-graft agenda
THE removal of a bill that would use blockchain technology to disclose national budget transactions from the administration’s priority legislative agenda could raise questions about President Ferdinand R. Marcos, Jr.’s commitment to fighting corruption, political analysts said.
Read more →JBC invites five senior SC justices to apply for top Judiciary position
THE Judicial and Bar Council (JBC) has invited the five most senior associate justices of the Supreme Court (SC) to apply for the chief justice post that will be vacated by Chief Justice Alexander G. Gesmundo upon his retirement in November.
Read more →Marcos orders no-build zone enforcement amid floods
PRESIDENT Ferdinand R. Marcos, Jr. ordered government agencies and local government units (LGU) to strictly enforce climate-related regulations, including no-build zones, as heavy rains and flooding continue to affect parts of the country. “According to the President, laws should be enforced, including the ‘no-build zone,’” Palace Press Officer Clarissa A. Castro told reporters on Tuesday […]
Read more →Indonesia haze sends Metro air to danger
SMOKE AND HAZE from forest fires in Kalimantan, Indonesia pushed air quality in parts of Metro Manila to very unhealthy and acutely unhealthy levels on Tuesday, prompting government agencies to advise residents to limit outdoor activities and wear masks. The Department of Environment and Natural Resources-Environmental Management Bureau said transboundary haze was affecting the National […]
Read more →Senators seek probes, flood control overhaul after August storms
SEVERAL SENATORS on Tuesday filed resolutions seeking investigations into widespread flooding caused by successive typhoons and southwest monsoon rains in August, with lawmakers calling for a review of flood control projects and disaster resilience measures. “There is a need to assess the resilience of public infrastructure amid increasingly severe typhoons and monsoons, while ensuring that […]
Read more →PHL firm on Ayungin Shoal claim
THE National Maritime Council (NMC) on Tuesday rejected China’s characterization of Second Thomas Shoal as part of its territory and the BRP Sierra Madre as an “illegally grounded” vessel, reaffirming the Philippines’ position based on international law. In a statement, the NMC said the country’s actions in the South China Sea are guided by the […]
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