Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
8327 articles across all sources
SM Warehouses expands footprint with Pasig hub
SM Warehouses, the logistics arm of SM Prime Holdings, Inc., has expanded its industrial property footprint to more than 126,000 square meters (sq.m.) of leasable space after turning over a new 40,000-sq.m. urban distribution hub in Pasig City to logistics partners of Shopee. The newly turned-over facility expands SM Warehouses’ logistics space dedicated to SPX […]
Read more →Wise pushes for transparency in remittance costs
WISE PHILIPPINES (Wise Pilipinas, Inc.) is working with the Bangko Sentral ng Pilipinas (BSP) to make remittance fees more transparent as part of its goal to help Filipinos reduce the cost of sending money. “We are in heavy discussions with the BSP on how to ensure that local participants or local banks in the Philippines […]
Read more →SCTEX Luisita expansion seen to improve access to ALI’s Tarlac estate
AYALA LAND, Inc. (ALI) said the expansion of the Subic-Clark-Tarlac Expressway (SCTEX) Luisita Interchange is expected to improve access to its 290-hectare Cresendo estate in Tarlac City. The project, led by the Bases Conversion and Development Authority (BCDA) with local government units and tollway partners, will add dedicated northbound entry and exit ramps to the […]
Read more →Peso up as US moves to stem bond rout
THE PESO rebounded against the dollar on Thursday as global risk sentiment improved after the United States pledged support for the bond market to help stem surging yields. The currency gained 14.5 centavos to close at P61.67 versus the greenback from its P61.815 finish on Wednesday, data from the Bankers Association of the Philippines’ website […]
Read more →Billease secures P1-billion credit facility from PNB
CONSUMER FINANCE and buy now, pay later (BNPL) provider Billease has received a P1-billion credit facility from the Philippine National Bank (PNB) to expand its funding base. The debt facility uses the Personal Property Security Registry (PPSR), giving PNB a registered first-rank claim over a pool of Billease’s consumer loan receivables, it said in a […]
Read more →Alaska Milk names Marjorie Garrovillo managing director
ALASKA MILK Corp. (AMC) has appointed Marjorie “Marj” Garrovillo as its new managing director. Ms. Garrovillo brings more than 25 years of leadership experience across seven countries and the food, beverage, telecommunications, and consumer goods industries, the company said in a statement on Thursday. In her new role, she will lead AMC as it pursues […]
Read more →Oona Insurance Philippines says profit, gross premiums surged in first semester
OONA Insurance Corp. (Oona Insurance Philippines) booked higher gross premiums written (GPW) and net income in the first half, driven by its digital distribution model. The insurer’s gross premiums written grew by 80% year on year, while net income surged 200%, it said in a statement on Thursday. This was supported by disciplined underwriting and […]
Read more →Top Line expands fuel retail footprint to Negros Oriental
TOP LINE Business Development Corp. has expanded its fuel retail footprint beyond Cebu after completing the rebranding of five service stations in Negros Oriental, which are expected to add 600,000 liters to the company’s sales volume. The stations are the first outside Cebu to be rebranded under its Light Fuels retail brand, the company said […]
Read more →Fitterkarma develops debut album, holding 1st major concert
HORROR STORIES and aesthetics had always been a major influence for Filipino alternative band Fitterkarma, who have showcased the dark flair that love songs can have with their hits “Pag-ibig ay Kanibalismo II” and “Kalapastangan.” Now, their noise-driven, shoegaze-influenced music is set to manifest in a big way — through their debut album and their […]
Read more →Budgeting for a fiscal blowout
Recently, the Congressional Policy and Budget Research Department (CPBRD) issued four budget briefs on the proposed 2027 national budget covering the Philippine economy, the medium-term revenue program, expenditure assessment, and public debt sustainability. Taken together, they tell one coherent story: the government is trying to consolidate its fiscal position at a time when growth is […]
Read more →AIA Philippines, BPI AIA launch whole-life plans with guaranteed payouts
AIA PHILIPPINES Life and General Insurance Co., Inc. (AIA Philippines) and its bancassurance arm BPI AIA Life Assurance Corp. (BPI AIA) have launched participating whole-life insurance plans that offer lifetime protection and guaranteed income benefits. The two plans, AIA Platinum Secure and BPI AIA ADDvantage, offer lifetime protection with guaranteed cash payouts, milestone bonuses, and […]
Read more →A Pax Silica cheat sheet for business cocktails and other occasions
Say you find yourself at a conference, industry mixer, business cocktails, or a meet-and-greet with a potential joint venture partner, and someone asks you what you think of Pax Silica. In such a situation, you want to be able to show that you know what Pax Silica is, and, gin tonic in hand, offer some […]
Read more →Own Bank appoints new president
OWN BANK, The Rural Bank of Cavite City, Inc., has appointed Don Niño Santos as its new president and chief executive officer as it looks to enhance its digital capabilities and expand financial access. Mr. Santos has more than 27 years of leadership experience across the banking, fintech, telecommunications, risk management, and regulatory compliance fields. […]
Read more →‘ASEAN must harmonize rules to combat illicit tobacco trade’
ASEAN member-states must harmonize their trade rules to plug loopholes that are being exploited by transnational crimes to proliferate illicit tobacco trade, a Japan Tobacco International (JTI) Philippines official said.
Read more →Billease secures P1 billion credit line from PNB
Consumer finance platform Billease has secured a P1-billion credit facility from Philippine National Bank (PNB), further expanding its local funding base as it scales its loan portfolio and moves deeper into traditional banking.
Read more →BIR slaps P2.23 billion tax evasion case vs POGO firm
The Bureau of Internal Revenue has filed a tax evasion case with the Department of Justice against Hongsheng Gaming Technology Inc., which operated offshore gaming activities in the Philippines, over alleged tax violations resulting in P2.23 billion in tax deficiencies.
Read more →BOP swings to $1.47 billion gap in July
The Philippines’ balance of payments position returned to a deficit in July as higher foreign exchange outflows, including debt payments and import-related dollar demand, weighed on the country’s external position.
Read more →Central bank writes off P2.8 billion in past-due loans
The Bangko Sentral ng Pilipinas wrote off P2.8 billion in past-due loans in 2025 as it moved to clean up long-standing legacy exposures and refocus its credit operations on its role as lender of last resort.
Read more →Dominion Holdings gearing up to become biggest mining firm
Dominion Holdings Inc. is preparing for a major expansion push that could make it the largest mining company in the Philippines, with control of the Tampakan copper-gold project and a significant hike in its authorized capital stock in the pipeline.
Read more →Epson expands operations to include industrial robots
Epson Precision Philippines Inc. is investing over P40 million to expand its operations in Batangas to include the manufacture of industrial robots, according to the Philippine Economic Zone Authority.
Read more →LWUA, JICA deepen partnership for water development
The Local Water Utilities Administration and the Japan International Cooperation Agency deepened their partnership through broader coordination in modernizing the country’s water districts.
Read more →MAP: Business outlook muted for Q4
Businesses have a muted outlook for the rest of the year but remain hopeful that conditions will improve next year, according to the Management Association of the Philippines.
Read more →Mobile data costs down drastically to P7/GB
Data costs in the Philippines have decreased by two-thirds to nearly P7 per GB, as connectivity coverage and speed improved when the government resorted to real-time analytics to check on telco performance.
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