Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1861 articles from BusinessWorld
First Gen receives $5-billion takeover proposal for EDC
LOPEZ-LED First Gen Corp. has received an unsolicited, non-binding offer worth $5 billion (about P308 billion) from Indonesia’s PT Barito Renewables Energy (BREN) to acquire its renewable energy subsidiary Energy Development Corp. (EDC), the company said on Wednesday.
Read more →Citicore secures P4.05-B LANDBANK loan for two solar projects
CITICORE Renewable Energy Corp. (CREC) has secured a P4.05-billion loan from the Land Bank of the Philippines (LANDBANK) for the construction of two solar power projects in Pampanga and Nueva Ecija. In a statement on Wednesday, CREC said the loan will fund the development of two 41-megawatt-peak (MWp) solar power projects, each paired with a […]
Read more →His own name
WHILE Myke “Tatung” Sarthou’s face and food from his Simpol channel or his restaurants Lore and Azadore may have somehow made his name familiar, notice how none of those things actually bear his name. Last month, Mr. Sarthou opened his first own restaurant (that is, no partners, no corporate backing) at the Gateway Mall 2 […]
Read more →ICTSI becomes first PSE-listed company to close above P2-trillion market cap
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) became the first company listed on the Philippine Stock Exchange (PSE) to close above the P2-trillion market capitalization mark after its shares climbed to record levels. The port operator ended trading on July 14 with a record market capitalization of P2.01 trillion, marking the first time a PSE-listed company […]
Read more →Don’t waste a drop: How to properly preserve leftover wine
THIS HAPPENS more often than we think. There are nights when we open a bottle just for ourselves — a quiet dinner, a moment of reflection, or simply curiosity about what’s inside a wine bottle. Sometimes we host tastings with family and friends and end up with several half-finished bottles. In both cases, the dilemma […]
Read more →CEB says passenger traffic rose 4.2% in first half
CEBU AIR, Inc. (CEB), operator of budget carrier Cebu Pacific, said its passenger traffic rose 4.24% year on year to 14.50 million in the first half, driven by higher domestic passenger traffic. “June marked a return to year-on-year passenger growth, driven by the continued strength of our domestic network even as we entered the traditional […]
Read more →A fresh take on Filipino comfort food at SMASHED: Longga Bowls and Buns
“AT THE TOP of my mind, there is no longganisa place.” In a sea of modern-fusion cuisines, SMASHED: Longga Bowls and Buns lands right at the center, blending comfort food with culinary hybridity. The restaurant opened its first branch on the second floor of Madison Galeries Lifestyle Mall in Muntinlupa City. The idea began with […]
Read more →ManageEngine bullish on growth in the Philippines
JAKARTA — ManageEngine expects to expand its footprint in the Philippines as it sees developments in the country’s cybersecurity regulations and businesses’ need for technology solutions driving its growth. “We already have a few [people], but we wanted to recruit the right talent. So, we are taking some time,” ManageEngine APAC Regional Director Arun Kumar […]
Read more →Thrift banks expect steady growth in assets, loans
THE THRIFT BANK sector expects sustained asset growth this year as the widening push for financial inclusion will drive credit demand. As of April, the thrift banking industry’s core lending breached P1 trillion as total assets reached P1.4 trillion, while its capital adequacy ratio remained above 17%, Chamber of Thrift Banks (CTB) President Jaime Valentin […]
Read more →ERC denies joint application for Meralco-Sual Power deal
THE Energy Regulatory Commission (ERC) has denied the joint application of Manila Electric Co. (Meralco) and Sual Power, Inc. for the implementation of their proposed 200-megawatt (MW) power supply agreement (PSA), citing the absence of urgency for the additional supply. In a decision dated July 14, the ERC said the evidence presented did not establish […]
Read more →Dining In/Out (07/16/26)
SOLAIRE RESORT NORTH is marking National Tequila Day with a special one-night takeover at its rooftop venue, Skybar, on July 24.
Read more →Average TDF yield edges up on rate hike expectations
THE BANGKO SENTRAL ng Pilipinas’ (BSP) term deposits fetched a higher average yield for a fourth straight week amid expectations of additional policy rate hikes. Bids for the central bank’s term deposit facility (TDF) reached P165.372 billion on Wednesday, well above the P130 billion in seven-day papers auctioned off. This also exceeded the P143.054 billion […]
Read more →Canva’s updated AI-powered coding tools suite now in PHL
VISUAL COMMUNICATION platform Canva has rolled out Canva Code 2.0 in the Philippines, giving users access to artificial intelligence (AI)-powered coding tools. Canva Code 2.0 is now available in the Philippines and globally for all Free, Pro, Business, Enterprise, and Education accounts, it said in a statement. The update to Canva Code, a feature introduced […]
Read more →PHL, US finalize draft for Pax Silica AI hub framework
THE Philippines and the United States are targeting November for the signing of a framework agreement for the proposed artificial intelligence (AI)-native hub under the Pax Silica initiative, according to the Bases Conversion and Development Authority (BCDA). BCDA President and Chief Executive Officer Joshua M. Bingcang said the two countries are finalizing the draft arrangement […]
Read more →Marketing and entrepreneurship, according to Gen Z
Marketing has always been a dynamic, rapidly changing discipline — and this is even more true today. AI may be at the forefront of today’s marketing transformation, but the changes have long had their roots in the internet, digitization, and fundamental changes in markets, in customer behavior, and in people, particularly the youth. Having worked […]
Read more →The reality of agentic artificial intelligence risks in the modern enterprise
ARTIFICIAL INTELLIGENCE (AI) agents are already inside the enterprise. They are autonomous, non-deterministic, and multiplying.
Read more →Shares breach 6,300 as buying interest returns
PHILIPPINE SHARES rebounded on Wednesday, pushing the main index to the 6,300 level, as investor sentiment improved following positive cues from overseas markets, with buying activity supported by bargain hunting. The Philippine Stock Exchange index (PSEi) rose by 0.74% or 46.48 points to close at 6,302.50, while the broader all shares index increased by 0.54% […]
Read more →LRTA revenue falls in first half after fare discounts
THE Light Rail Transit Authority (LRTA), operator of LRT-2, said revenue in the first six months fell 24.84% to P481.90 million, reflecting the impact of fare discounts imposed during the energy emergency. In the six months to June, LRTA carried 31.75 million riders, up 15.29% from a year earlier. The Department of Transportation (DoTr) had […]
Read more →Nickel industry calls for regional role in ensuring supply chain resiliency
THE Philippine Nickel Industry Association (PNIA) said potential Indonesian supply disruptions are reinforcing the need for a more diversified and resilient global critical minerals supply chain. PNIA President Dante R. Bravo said Indonesia’s yearly decision on nickel quotas reinforces the point that nickel users cannot rely too heavily on one country alone. “The Philippines has […]
Read more →NFA opens P355-million grains hub in Iloilo
THE National Food Authority (NFA) said it inaugurated a modern post-harvest facility for grains in Dumangas, Iloilo worth P355.4 million, with construction of similar facilities being accelerated to ensure the Philippines maintains resilient rice reserve. The Dumangas facility features a modern warehouse equipped with a mill that can process 10 tons of palay (unmilled rice) […]
Read more →Transmission rates rise slightly as power reserve costs increase
ELECTRICITY CONSUMERS can expect a slight increase in transmission rates, reflecting the rise in the cost of reserve power, according to the National Grid Corp. of the Philippines (NGCP). Julius Ryan D. Datingaling, NGCP head of business and regulatory development, said the overall transmission rate increased by 0.77% to P1.4604 per kilowatt-hour (kWh) in June […]
Read more →Maharlika dwarfed by regional sovereign wealth funds
THE Maharlika Investment Fund (MIF) was ranked 76th among 109 sovereign wealth funds (SWFs) tracked by IE University, as the SWF industry topped $15 trillion in assets under management (AUM) in 2025. IE University estimated the MIF’s assets under management (AUM) at $2.2 billion in 2026, against $8.9 billion in the Sovereign Wealth Funds Report […]
Read more →Order giving Bureau of Customs legal authority to manage port congestion expected by August
A JOINT administrative order (JAO) aimed at easing port congestion and regulating cargo handling charges is expected to be signed by August, ahead of the seasonal buildup of cargo volumes, the Bureau of Customs (BoC) said. Customs Commissioner Ariel F. Nepomuceno said the JAO, once signed by the departments of Finance, Trade and Industry, and […]
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