Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1488 articles from PhilStar Business
NHMFC marks securitization milestone with RMBS issuance
The National Home Mortgage Finance Corp. marked another milestone in Philippine housing finance with the signing of the NHMFC Bonds 8th Residential Mortgage-Backed Securities issuance, valued at approximately P1.465 billion last Sept. 30, at the Raffles Hotel in Makati.
Read more →Padcal output unhampered by workers’ strike – Philex
Philex Mining Corp. said mining operations at its Padcal mine remain unrestricted despite an ongoing workers’ strike.
Read more →PAGCOR: Nearly 40K gamblers volunteer for self exclusion
The Philippine Amusement and Gaming Corp. has approved nearly 40,000 requests from gamblers seeking to bar themselves from betting, as the regulator intensifies its campaign to promote responsible gaming and address gambling-related harm.
Read more →Philippines keen on including nuclear in energy mix
The Philippines is seriously considering including nuclear energy in its energy mix as it strives to lure investments in data centers and other industries that can increase the power demand.
Read more →STI marks 50th year as listed company
STI Education Systems Holdings Inc., owner of one of the country’s largest networks of private schools, has marked a historic milestone with its 50th year as a publicly listed company in the Philippine Stock Exchange.
Read more →Philippine property slump seen extending into 2027
The Philippine residential property market is unlikely to regain significant momentum before late 2027 as excess condominium supply, rising costs, and expensive borrowing continue to constrain homebuyer demand.
Read more →PAL suspends Riyadh flights until Nov. 29 after airport attacks
Flag carrier Philippine Airlines has extended the suspension of its flights to and from Riyadh, Saudi Arabia until November 29 due to the evolving security situation at the city’s King Khalid International Airport.
Read more →Diesel prices drop by P3/L; gasoline, kerosene rise over P1/L
Another round of mixed fuel price adjustments is set to take effect this week, with diesel prices set to roll back while gasoline and kerosene prices rise.
Read more →Marcos touts business, energy investments after Singapore visit
Marcos highlights investment deals with Singapore-based firms.
Read more →ERC orders Meralco to refund P2.64 billion to customers
The Energy Regulatory Commission directed Meralco to refund around P2.64 billion in excess charges to its consumers.
Read more →Investment pipeline and exports gain momentum
PEZA investment approvals neared the 2012 record as electronics demand lifted Philippine merchandise exports by 15% year on year.
Read more →Cebu Pacific: Fleet expansion meets resilient tourism demand
Cebu Pacific's fleet expansion and resilient tourism demand could support passenger growth, although earnings depend on fares, utilization and fuel costs.
Read more →MGEN eyes Meralco baseload contract for Atimonan revival
MGEN plans to bid for Meralco's 900MW baseload contract, potentially reviving its long-delayed Atimonan coal plant.
Read more →ADB ready to help Philippines deal with El Niño
The Asian Development Bank (ADB) is ready to provide assistance to the Philippines in dealing with the El Niño’s effects.
Read more →‘Banks should shoulder more losses from digital scams’
Banks and other financial institutions should bear greater responsibility for losses from digital scams when these stem from weaknesses in their own controls, according to global management consulting firm Arthur D. Little (ADL).
Read more →Cebu Pacific building up fleet for long-haul flights
Low-cost carrier Cebu Pacific has landed its 15th aircraft for long-haul flights, boosting its fleet ahead of capacity expansion during the holiday season.
Read more →DOTr: New transport hubs up and running next year
The Department of Transportation (DOTr) expects to complete three more big-ticket terminals in 2027 that would enhance land-based transport around and within Luzon.
Read more →ERC adjusts Meralco’s power distribution rate
The Energy Regulatory Commission (ERC) has approved Manila Electric Co.’s (Meralco) first rate reset in over a decade, but at a level roughly 37 percent lower than what the power giant had proposed.
Read more →Industry leaders flag enforcement gaps in substandard steel cases
Industry leaders raised concerns over weak follow-through on private-sector reports of suspected substandard steel products, while calling for stricter rules on product standards and a ban on induction furnaces products.
Read more →Inflation pressures most widespread in Philippines – Nomura
The Philippines is facing the most widespread inflation pressures among Asian economies tracked by Japanese investment bank Nomura, strengthening the case for further interest rate hikes by the Bangko Sentral ng Pilipinas (BSP).
Read more →Intensive care
Our macroeconomic numbers are starting to look like the fading vital signs of a very sick patient who should be in intensive care. But the attending physician went off to Singapore to watch the F1 Grand Prix races instead.
Read more →MGEN makes final push for Atimonan coal plant
Meralco PowerGen Corp. (MGEN) is turning to its parent, Manila Electric Co., in what could be its last shot at finally advancing its 1,200-megawatt (MW) coal-fired power plant in Atimonan, Quezon.
Read more →Owners buy their stocks
There has been a recent wave of buying activity by major owners of listed companies.
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