Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2285 articles across all sources
Peso climbs with US, Iran set to resume talks
THE PESO strengthened against the dollar on Monday after the United States and Iran agreed to stop the latest exchange of attacks and restart their peace talks. The currency appreciated by 12 centavos to close at P61.17 versus the greenback from P61.29 on Friday, based on Bankers Association of the Philippines data posted on its […]
Read more →BSP sets governance principles for banks’ responsible, ethical AI use
PHILIPPINE financial institutions should develop artificial intelligence (AI) governance frameworks that reflect the extent and complexity of their use of these emerging technologies in their operations to manage potential risks and establish safeguards for ethical use, the Bangko Sentral ng Pilipinas (BSP) said. The BSP, through Memorandum No. M-2026-031 dated June 24, issued a guidance […]
Read more →‘Accountability for Visayas power woes begins with DOE’
Who should ultimately be held accountable for the recurring grid alerts and power outages in the Visayas?
Read more →BSP pushes AI governance framework for financial stability
The Bangko Sentral ng Pilipinas is urging banks and nonbanks to craft their artificial intelligence governance frameworks to address adoption risks, such as data privacy concerns, bias and reputational damage.
Read more →Ecozone investments nearly double in H1
Investments approved by the Philippine Economic Zone Authority surged by 94 percent in the first semester, putting the agency on track to hit its target.
Read more →Further BSP tightening to cushion peso fall
Extended policy tightening by the Bangko Sentral ng Pilipinas could help cushion the weakening of the peso against the dollar, barring any further price energy price shocks.
Read more →GCash parent files record P92.3 billion IPO
The parent firm of e-wallet giant GCash has filed for a P92.3-billion initial public offering at the Philippine Stock Exchange, an offer set to become the largest in history.
Read more →Globe lights up satellite service for mobile phones
Globe Telecom Inc. has launched its satellite-to-mobile service to the public, offering subscribers connectivity access even in areas without terrestrial coverage.
Read more →Government urged to take active role in digital infrastructure financing
A consumer advocacy group has urged the government and development finance institutions to take a more active role in financing the country’s digital infrastructure, warning that the Philippines risks falling behind global standards if it continues to rely primarily on telecommunications companies to fund the country’s digital transformation.
Read more →ICC clears LRT-1 South common station, 3 others
The Investment Coordination Committee-Cabinet Committee has approved four public investment projects, including the Light Rail Transit Line 1 common station.
Read more →Nearly 200 power firms face DOE blacklisting
At least 175 power producers are at risk of blacklisting over prolonged plant outages that have strained the country’s electricity system and triggered blackouts, according to the Department of Energy.
Read more →NFA grain testing upgrade gets P124 million Japan funding
The National Food Authority will receive P124 million in funding from the Japanese government to fund upgrades for its grain quality testing systems, a move that could help reduce post-harvest losses.
Read more →ONWARD launched in push for non-woven textiles
The Department of Science and Technology – Philippine Textile Research Institute will launch ONWARD: Philippine Non-woven Textile Innovation on July 1, at the SM North EDSA Annex Atrium, introducing non-woven textiles developed through specialized machines and facilities to advance sustainable, natural fiber–based alternatives to synthetic plastics across a wide range of applications.
Read more →PAL resumes Manila-Dubai flights in October
Flag carrier Philippine Airlines will resume weekly flights to Dubai starting October, with plans to increase gradually to a daily service as soon as operational conditions are normal.
Read more →‘Philippines faces risk of losing investment-grade ratings’
The Philippines faces the risk of losing its investment-grade sovereign credit ratings, under twin threats of the oil shock and a prolonged flood-control corruption scandal, according to Monetary Board member Benjamin Diokno.
Read more →Philippines fast-tracks SE Asia’s first offshore wind farm
The government is moving to fast-track the development of what could become the region’s first offshore wind project in Camarines Sur to strengthen the country’s energy security, according to the Department of Finance.
Read more →Philippines targets completion of Japan trade pact by November
The Philippines is aiming to conclude the review of its free trade agreement with Japan in November this year, according to the Department of Trade and Industry.
Read more →Sugar stakeholders seek coordination vs pest infestation
Sugar industry stakeholders and the government are coordinating efforts against the ongoing, red-striped soft scale insect infestation in sugarcane farms.
Read more →The art of doing useless things efficiently
In my 35 years of giving advice to managers, I’ve witnessed countless bizarre corporate phenomena made by otherwise highly-intelligent managers heroically perfecting work processes that shouldn’t even exist, even in companies with enough ISO certificates to wallpaper a stadium.
Read more →Ube catches eye of US agriculture agency
The US Department of Agriculture has made a strong pitch for purple yam or ube to investors, noting that additional investments can plug the production gaps facing the local ube industry amid the ongoing boom of the tuber in international markets.
Read more →Upcoming IPOs boost PSEi
The local stock market sustained its winning ways, propelled by optimism of the initial public offering from some of the country’s largest tech players and the resumption of peace talks between the United States and Iran.
Read more →World Bank OKs $1.02 billion funding for water, energy security
The World Bank has approved a $1.02-billion financing package, consisting of a loan and grant, to support efforts to expand and improve access to electricity and water in the Philippines.
Read more →Mabanta apology a lesson against spewing allegations— Palace
MALACAÑANG on Monday said the public apology issued by political operator Franco Mabanta underscores the importance of refraining from making allegations without evidence. Presidential Communications Office (PCO) Undersecretary Claire Castro issued the statement after Mabanta publicly apologized for past criticisms hurled against President Ferdinand Marcos Jr. and First Lady Liza Araneta-Marcos by Peanut Gallery Media Network (PGMN), an online news outlet he founded. “Apologizing is
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