Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1861 articles from BusinessWorld
UnionDigital Bank microloan program with SSS to roll out this year
UnionDigital Bank, Inc. (UD), a subsidiary of UnionBank of the Philippines, is set to launch its microloan program with the Social Security System (SSS) this year, with micro, small, and medium enterprises (MSMEs) able to apply for capital, according to a UD official on Friday. “(As for the) target date, I can’t really say yet. […]
Read more →Delta to launch Manila-Los Angeles nonstop flight in March 2027
Delta Air Lines said on Friday that it is scheduled to launch a nonstop flight between Manila and Los Angeles next year, making it the only United States carrier to offer nonstop service on the route. “We look forward to welcoming customers in the Philippines onboard for Delta’s nonstop service to the US,” Delta Vice […]
Read more →Turning AI execution challenge into opportunity
For years, the corporate discourse surrounding artificial intelligence (AI) has followed a predictable, almost cautious script. In boardrooms across organizations, executives ask: Should we invest in AI? Such discourse belonged to an era of exploration, a period where AI was treated as an experimental luxury or a distant line item in a future budget. But according to […]
Read more →Turning Tides traces Philippines’ maritime connections
AYALA Museum’s newest exhibition, Turning Tides: Maritime Encounters and Exchanges of Power, reexamines the Battle of Mactan and the Battles of La Naval de Manila as part of broader networks of trade, faith, diplomacy, and conflict that shaped Philippine history. Running from July 16, 2026 to Feb. 14, 2027 at the museum’s 3F Main Gallery, […]
Read more →DoH logs 1,532 COVID-19 cases, 70% decline from last year
The Philippines’ confirmed COVID-19 cases were at 1,532 as of July, down 70% compared to the same period last year, according to the Department of Health (DoH) on Friday, adding that it continues to monitor the disease through its regional counterparts. In a release, the DoH said a total of 1,532 confirmed cases were logged […]
Read more →Reliable surface protection for the rainy season
As homeowners, these questions come to mind when preparing for the rainy season: Have I checked the roof for any leaks? Are my gutters clear? Do I need to stock up on emergency supplies? Sure, all these concerns are valid. But sometimes we overlook other essentials right under our feet and around us — our […]
Read more →Gov’t targets sale of 3 major assets
THE GOVERNMENT plans to sell three more big-ticket assets this year, including the Food Terminal, Inc. (FTI) and Mile Long properties, the Privatization and Management Office (PMO) said. This after the PMO on Thursday completed the sale of state-owned properties at the Atrium of Makati. It sold 24 condominium units and 21 parking slots at […]
Read more →OFW remittances to stay resilient despite global uncertainty — Maybank
STABLE GLOBAL labor conditions for Filipinos and diversified sources may help cushion the impact of global uncertainties on remittance flows to the country, according to Maybank Investment Bank. Maybank Chief Economist Suhaimi Ilias and economist Azril Rosli said they still expect cash remittances to grow by 2.8% to $36.5 billion in 2026, noting signs of […]
Read more →InstaPay, PESONet transfers surpass P16T
By Katherine K. Chan, Reporter THE COMBINED VALUE of InstaPay and PESONet transactions topped P16 trillion in the first half, reflecting the continued shift of Filipinos toward digital payments, central bank data showed. Data from the Bangko Sentral ng Pilipinas (BSP) showed the combined value of InstaPay and PESONet transactions jumped by 44.61% to P16.09 […]
Read more →Factory activity likely to continue expanding in next few months
By Justine Irish D. Tabile, Senior Reporter PHILIPPINE manufacturing activity is expected to continue expanding in the next few months amid easing oil prices, although economists warned the looming El Niño, renewed Middle East tensions and rising labor costs could slow growth momentum. “We see further manufacturing condition improvements in the coming months as softer […]
Read more →Globe secures P10-B LANDBANK loan for capex, refinancing
GLOBE Telecom, Inc. has secured a P10-billion term loan from the Land Bank of the Philippines (LANDBANK) to help finance capital expenditures (capex), refinance debt, and support general corporate funding requirements as the telecommunications company continues investing in its network. In a regulatory filing on Thursday, Globe said proceeds from the facility will be used […]
Read more →ICTSI plans to acquire remaining stake in Brazil logistics unit
RAZON-LED International Container Terminal Services, Inc. (ICTSI) plans to acquire the remaining 30% stake in iTracker Logistica Inteligente (iTracker), completing its ownership of the Brazil-based logistics company. In a regulatory filing on Thursday, the listed port operator confirmed its intention to acquire the remaining interest in iTracker. “The company also wishes to clarify that it […]
Read more →SM Prime opens Xiamen hotel linked to flagship mall
SM PRIME Holdings, Inc. has expanded its China portfolio with the opening of voco Xiamen SM City, its first hotel in the country, as the property developer broadens its presence beyond retail. “voco Xiamen SM City is our first hotel in China and it connects directly to SM City Xiamen, the first property we opened […]
Read more →PAGCOR hopeful of second-half gaming recovery
THE Philippine Amusement and Gaming Corp. (PAGCOR) is hopeful gross gaming revenues (GGR) will recover in the second half as lower fuel prices ease pressure on consumer spending, with the electronic gaming segment expected to drive growth. PAGCOR Chair and Chief Executive Officer Alejandro H. Tengco said he expects electronic gaming activity among Class D […]
Read more →Cebu Pacific signs wet lease deal with Vietnam Airlines
CEBU AIR, Inc., the operator of Cebu Pacific, has signed a wet lease agreement with Vietnam Airlines, under which it will provide an aircraft and crew to the Vietnamese flag carrier. “As Cebu Pacific’s fleet continues to expand, we are well positioned to deploy our capacity where it is needed most, including through strategic wet […]
Read more →Aramco to add three more fuel stations in Philippines
SAUDI ARABIAN Oil Co. (Aramco) and Unioil Petroleum Philippines, Inc. plan to open three more Aramco-branded fuel stations as they expand the Saudi oil giant’s retail presence in the Philippines. The expansion follows the opening of Aramco’s first branded fuel station in the country on Dr. A. Santos Avenue, Barangay San Antonio, Parañaque City, on […]
Read more →Relationship
There was a time when free agency in the National Basketball Association (NBA) was defined by midnight meetings, private jet sightings, and executives making their sales pitches in hotel suites. Today, it apparently includes messages sent through agents, group chats among superstars, and carefully coordinated recruiting campaigns that unfold long before a contract is signed. […]
Read more →Strengthening the backbone of Philippine banking
Most Filipinos rarely think about what happens after tapping a card at a grocery checkout, scanning a QR code to pay for coffee, or transferring money to a loved one through a banking app. After all, the process for consumers is almost effortless, with funds moving in seconds, receipts appearing instantaneously, and life goes on. […]
Read more →SEC fines Fast Coin P1.1 million for lending violations
THE Securities and Exchange Commission (SEC) has fined Fast Coin Lending Corp. P1.1 million for unfair debt collection practices, charging interest rates beyond regulatory limits, and violating disclosure requirements. In a statement on Thursday, the SEC said its Financing and Lending Companies Department (FLCD) found Fast Coin liable for violating SEC Memorandum Circular (MC) No. […]
Read more →Philippine C-suites: Shifting from sustainability compliance to integration
Philippine business leaders are entering a new phase of business resilience and sustainability, with companies moving beyond foundational environmental, social and governance (ESG) programs and facing pressure to embed sustainability into risk, strategy, governance, data systems, and core operations. According to the Philippines 2026 C-Suite State of Corporate Sustainability Report by Deloitte Philippines and the […]
Read more →InstaPay: Changing the way Filipinos move money
Traditionally, sending money across people and institutions rarely happened instantly. Customers often began their trip to the bank and lined up for over-the-counter services. In 2013, electronic payments accounted for only a small share of transactions in the Philippines. A diagnostic study by the Better Than Cash Alliance found that only about 1% of retail […]
Read more →URC’s Jack ‘n Jill recognized by Hong Kong retailers
UNIVERSAL ROBINA CORP. (URC) said its Jack ’n Jill snack brand received awards from Hong Kong retailers PARKnSHOP and 7-Eleven following product launches in the market. In a statement on Thursday, URC said its International Trading Operations team received the Outstanding Marketing Award and the Exclusive Co-Brand Award at the 2026 PARKnSHOP Super Brands Awards, […]
Read more →BSP says IIF award boosts investor confidence
THE Bangko Sentral ng Pilipinas (BSP) said the Philippines’ top ranking in a transparency report on emerging markets boosts its credibility in global financial markets. The Philippines regained the top spot in the Institute of International Finance’s (IIF) investor relations ranking for 2026, outperforming 56 other emerging and developing economies worldwide. “The BSP welcomes this […]
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