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Philippines Business News

Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.

1861 articles from BusinessWorld

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BusinessWorld

Budget release rate hits 88% at end-June

THE Department of Budget and Management (DBM) said it released 87.9% of the budget for 2026 as of the end of June. According to the DBM Status of Allotment Release report, the releases amounted to P5.97 trillion out of the original budget total of P6.79 trillion, leaving P819.49 billion undistributed. The release rate at the […]

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BusinessWorld

BFAR, British Embassy Manila advance fisheries innovation, global collaboration in SAFET 2026

The Bureau of Fisheries and Aquatic Resources (DA-BFAR) and the British Embassy Manila have partnered to co-host the Seafood and Fisheries Emerging Technologies (SAFET) Conference 2026, set from Sept. 8 to 10 in Cebu. The event will bring together world-leading expertise from the UK’s Marine Management Organisation (MMO) and the Centre for Environment, Fisheries and […]

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BusinessWorld

PalawanPay backs MSMEs with digital, branch network at BIYAYA festival

Mobile e-wallet PalawanPay showcased its digital payment ecosystem and financial services for micro, small, and medium enterprises (MSMEs) as the official e-wallet partner of the BIYAYA Sustainable Living Festival 2026 which ran from July 17 to 19 at SM Megamall. BIYAYA festival brought together sustainability advocates, social enterprises, coffee producers, artisans, and purpose-driven businesses. PalawanPay […]

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BusinessWorld

Two TCLVs seen forming in coming days, weeks— PAGASA

Two tropical cyclone-like vortices (TCLVs) are expected to form in the coming days and weeks, one of which has a low to moderate chance of developing into a tropical cyclone (TC), according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). TCLV 1 is expected to emerge over the eastern boundary of the Tropical […]

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BusinessWorld

GCash brings ‘Wais Tindera Caravan’ to Cebu, empowering MSMEs with financial tools and responsible borrowing

Over 200 nano, micro, small, and medium enterprises (NMSMEs), including sari-sari store owners and vendors gathered at the Wais Tindera Caravan in Cebu to deepen their understanding of digitalization and responsible borrowing. In celebration of MSME Month, GCash reinforces its commitment to being the trusted growth partner of Filipino NMSMEs, powering every stage of their […]

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BusinessWorld

BIR, BoC upbeat on revenue targets

THE PHILIPPINE government’s main revenue-generating agencies are confident of meeting their revised full-year targets, after posting higher collections in the first half of the year. Bureau of Internal Revenue (BIR) Commissioner Charlito Martin R. Mendoza said faster economic growth in the second half of the year will boost tax collection. “Hopefully, our infrastructure spending […]

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BusinessWorld

Renewed Middle East conflict revives fuel excise tax suspension debate

RENEWED UPWARD PRESSURE on global oil prices has revived calls for the Philippine government to suspend excise taxes on petroleum products, although experts remain divided on whether such a move would be effective.

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BusinessWorld

Philippine banks likely to see higher volumes after waiving transfer fees

BANKS’ MOVE to waive fees for retail fund transfers to comply with new rules from the Bangko Sentral ng Pilipinas (BSP) could slightly dent their revenues but still end up boosting profits on the back of higher transaction volumes and better customer retention. BSP Circular 1238, which took effect on July 4, requires financial institutions […]

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BusinessWorld

Philippine financial system’s resources up nearly 10% as of May

THE PHILIPPINE financial system’s resources jumped by nearly 10% higher year on year as of May on the back of record-high assets and strong lending activity, analysts said.

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BusinessWorld

SM Prime expands Xiamen mall, focuses China strategy on Fujian

XIAMEN CITY, China — SM Prime Holdings, Inc. is expanding its first mall in China with a new P1.5-billion retail development as it narrows its China expansion strategy to Fujian province, where it said the company has established strong brand recognition. The property developer will launch the 19,403-square-meter (sq.m.) CHAO Block at SM Xiamen City, […]

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BusinessWorld

ArteFino marks a decade of making Filipiniana cool

IN 2017, ArteFino, one of the fairs in the lifestyle circuit, created a buzz by showcasing artisanal Filipino crafts. Different fairs have different goals and back in 2018, ArteFino co-founder Cedie Lopez Vargas said, “What we’re trying to put the spotlight on are the artisans and the crafts themselves.” She and a handful of other […]

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BusinessWorld

DoE says EDC bid must not affect power supply bid must not affect power supply

THE Department of Energy (DoE) said it will assess the potential impact of the proposed $5-billion (about P308 billion) acquisition of Energy Development Corp. (EDC), the country’s largest geothermal power producer, if the transaction pushes through. The agency has yet to receive formal notice of the proposed deal, but Energy Secretary Sharon S. Garin said […]

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BusinessWorld

DoE says EDC bid must not affect power supply

THE Department of Energy (DoE) said it will assess the potential impact of the proposed $5-billion (about P308 billion) acquisition of Energy Development Corp. (EDC), the country’s largest geothermal power producer, if the transaction pushes through. The agency has yet to receive formal notice of the proposed deal, but Energy Secretary Sharon S. Garin said […]

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BusinessWorld

Culture and history woven anew in The M

LIVES ARE LIVED within the folds of clothing. More than just fabric stitched together, garments carry traces of identity, tradition, and history. Through fashion, cultures, craftsmanship, and design intersect wherein threads are created to connect people across borders and generations — such as the Philippines and Japan. This intersection takes center stage in Threads of […]

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BusinessWorld

Moving people toward electric

WITH THE increased adoption and openness of the local automotive market to electrified options — particularly after the onset of the US-Iran war — Hyundai Motor Philippines (HMPH) recently grew its hybrid portfolio further with the introduction of Staria Hybrid offerings.

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BusinessWorld

Looking beyond the gloom

WE CHEERED as Alex Eala broke into Round 3 of the 2026 Wimbledon Championships by defeating the defending champion Iga Swiatek in straight sets.

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BusinessWorld

PhilWeb adds Newport to gaming platform roster

PHILWEB CORP. and Travellers International Hotel Group, Inc. have launched NWR Play, an online gaming platform supporting Newport World Resorts’ expansion into the regulated online gaming market. NWR Play runs on PhilWeb’s Online Gaming Platform (OGP), which integrates gaming content, cloud-based infrastructure, platform operations, customer support, and regulatory compliance tools into a single operating environment. […]

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BusinessWorld

Yukata dressing, pottery class, games mark Mitsukoshi BGC’s 3rd year

MITSUKOSHI BGC had a grand opening launch in July 2023, following a soft opening in 2022. With its opening, it brought Japan’s first-ever department store to the Philippines.

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BusinessWorld

BPI climbs as investors focus on operating performance

BANK of the Philippine Islands (BPI) shares rose last week despite a slight decline in first-half net income and higher provisions, as investors looked past the bank’s larger credit buffers and focused on its resilient operating performance, analysts said.

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BusinessWorld

BPI climbs as investors focus on operating

BANK of the Philippine Islands (BPI) shares rose last week despite a slight decline in first-half net income and higher provisions, as investors looked past the bank’s larger credit buffers and focused on its resilient operating performance, analysts said.

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BusinessWorld

Style (07/20/26)

HERE are some rain-ready shoes made with water-friendly materials, dependable traction, and versatile style. These include the Keds Champion Canvas Water Resistant (Snow White), available in Keds concept and retail stores.

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BusinessWorld

Better data, better policy: The case for a Philippine Business ID

Which Philippine businesses survive, and which disappear? Which ones grow, which ones shrink, and what makes the difference? These are not idle academic questions. The answers shape industrial policy, disaster response, and how limited public resources are spent on supporting small businesses. Behind every serious debate about how to help Philippine firms grow is a […]

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BusinessWorld

Gov’t debt rates may be mixed as Treasury increases offer volumes

RATES of the government securities (GS) to be auctioned off this week may end mixed on increased supply as the Bureau of the Treasury (BTr) resumes offering cash management bills (CMBs) amid fresh market volatility due to the re-escalation of the Middle East conflict. On Monday, the Treasury will auction off up to a combined […]

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BusinessWorld

PLDT signs Indigenous communities MoA for Palawan cable

PLDT INC. has signed a memorandum of agreement (MoA) with the Tagbanua Indigenous Cultural Communities (ICC) for the development of its Palawan Resiliency Submarine Cable Project. “The cables that we are laying here connect Palawan to the rest of the Philippines and the world. They enable families to keep in touch, whether via calls or […]

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