Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
274 articles from Rappler Business
DOE scraps coal bid, plans rebid in weeks as Semirara contract nears expiry
‘We’ll rebid in a few weeks. New rules, new bidding,’ Energy Secretary Sharon Garin tells Rappler as Semirara’s contract nears its July 2027 expiry
Read more →High-tech dreams, low-tech reality of the Luzon Economic Corridor
Despite all the high-tech rhetoric, only 0.1% of the Luzon Corridor’s projects is in advanced manufacturing and 1% in digital connectivity
Read more →[In This Economy] The 2027 budget: Hocus-pocus prevails once more
This year, as the outrage over the flood control scandal fades, and as politicians train their sights on 2028, expect budget hocus-pocus to prevail
Read more →Why ABS-CBN is still retrenching 200 employees with P6 billion on the way
The new money repairs what the company owes. The retrenchment is aimed at a different problem.
Read more →Billions on paper: How much of Luzon Corridor’s $20-B pipeline will become real?
Rappler worked with an independent research analyst to see how much of the Luzon Economic Corridor pipeline is actually moving from pitch to pavement, and found that most of it is still in the planning stage
Read more →DOE sees ‘no signs’ oil prices will fall as excise tax relief goes on table
'Let’s brace ourselves for possible increases pa rin,' Energy Secretary Sharon Garin says as the Department of Energy certifies that Dubai crude price averaged $99.41 per barrel from August 13 to September 11
Read more →[Vantage Point] As Leandro Leviste cashes out of SPNEC, his private companies remain at the table
Here’s why this matters.
Read more →Piki Lopez ring-fences the Lopez Holdings board
Who's in, who's out in Lopez Holdings, and what happens next after the annual stockholders' meeting of the firm on Monday, September 14
Read more →Fuel prices keep climbing as big hike takes effect September 15
This is now the second straight large price increase, as the government considers suspending excise taxes on LPG and kerosene again
Read more →Market! Market! lease extended to 2040 with P1-B modernization, future subway link
The subway's Bonifacio Global City Station will be located within the Market! Market! property, effectively putting the commercial center at the center of one of BGC's biggest planned transport upgrades
Read more →AI-linked Asian stocks slump after top lab CEOs call for slowing down technology’s development
AI-connected stocks fall sharply in early Asian trading after the CEOs of companies developing the most advanced AI models warned the pace of development must slow to prevent threats to humanity
Read more →KKR exits First Gen, sells stake to Gateway-linked firm for P25.8B
Only a month before its exit, the private equity giant had been seeking to increase its First Gen stake and take the Lopez-led power company private, but the proposal was rejected
Read more →SM paw parks, pet changing stations: Hanna Carinna Sy wants your fur baby at the mall
'Pet initiatives are close to home for me because I have pets myself, and I know firsthand how much fur babies are a beloved part of families,' the third-generation Sy tells Rappler
Read more →Why big supermarkets still see plenty of room outside Metro Manila
More than half of Robinsons Retail's food stores are still in Metro Manila, but its new Panglao supermarket shows why the next leg of growth could come from the regions
Read more →[Vantage Point] Jollibee is about to put its global empire to the ultimate test
After all the acquisitions, store openings, and billions poured into international expansion, investors will finally be able to ask how much profit and free cash flow the overseas empire actually produces on its own
Read more →Meralco rates dip slightly in September despite higher generation costs
For a household consuming 200 kWh, that translates to savings of about P8 on the monthly electricity bill
Read more →Reevaluating the latest re-rating upgrade of Megawide
Megawide offers investors a heavily de-risked, structurally protected entry into the most explosive infrastructure growth story in the market
Read more →SM Harrison Plaza opening by end-2027 with entire floor for Gen Z
Harrison Plaza's new look will be taking cues from a Gen Z-focused SM concept in China packed with streetwear, one-off cafés, a DJ booth, space for TikTok creators, and even a skate park
Read more →[Vantage Point] Villar Land: Follow the P1.3-trillion paper trail
The documents I have in possession establish the acquisition, revaluation, and recognition of enormous accounting gains. They also establish that Villar Land subsequently carried an extraordinary stock-market valuation.
Read more →For GCash’s early private equity backers, record IPO will be ultimate payday
GCash's blockbuster IPO could turn years of paper gains into billions for its early private equity backers. For the retail investors buying in now, the question is how much growth still remains.
Read more →No travel tax, no budget: Can TIEZA keep its tourism projects alive?
The pesky travel tax is easy to hate, but abolishing it could leave multi-year tourism infrastructure projects in limbo, especially with TIEZA not getting anything in the proposed 2027 budget
Read more →Who can use the Lido name? SC cancels ‘Lido Cocina Tsina’ trademark
(1st UPDATE) Years after the falling out between old partners, the Supreme Court says the trademark still belongs to the partnership they left behind
Read more →[In this Economy] PISA 2025: Much better scores, but the learning crisis remains
The improvements are real, but that’s what you get from intense preparation. As with any student determined to ace an exam, preparation is key.
Read more →