Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1861 articles from BusinessWorld
PNOC procurement of petroleum products paused by Energy dep’t
THE Department of Energy (DoE) said Philippine National Oil Co. (PNOC) will no longer procure petroleum products on an emergency basis for now, despite a renewed flareup of fighting in the Middle East. “I do believe there’s no need for PNOC to buy more because the international supply chain is now (functioning). The supply is […]
Read more →Energy integration, supply chain shifts seen driving PHL industrial property growth
INDUSTRIAL DEVELOPERS in Southeast Asia need to integrate power solutions into their estate offerings to capture a growing wave of investment from semiconductor, data center, and advanced manufacturing firms, according to a report by Savills Philippines and T1 Project Services.
Read more →User affordability to be guiding principle of agri PPP projects, PPP Center says
THE Public-Private Partnership (PPP) Center said user affordability will be one of the key criteria for any agriculture project to be structured as a PPP.
Read more →World Trade Center expansion receives additional P140M in funding from NDC
THE National Development Co. (NDC) said it allocated P140 million in additional funding for the P3-billion expansion of the World Trade Center (WTC) Metro Manila property in Pasay City. In a statement on Tuesday, NDC said it released an additional equity investment of P140 million to Manila Exposition Complex, Inc. (MECI), the company that owns […]
Read more →UL Solutions tapped to boost product certification standards
THE Department of Trade and Industry (DTI) said it partnered with UL Solutions to help bring domestic product certifications up to international standards. In a statement on Tuesday, the DTI’s Bureau of Philippine Standards (BPS) said it signed a memorandum of understanding (MoU) with UL Solutions to enhance standards and technical information exchange, expand testing […]
Read more →PHL lifts ban on Hungarian imports of animal products as FMD risk recedes
THE Department of Agriculture (DA) said it lifted the temporary ban on importing animals and animal products from Hungary after the apparent containment of a foot-and-mouth disease (FMD) outbreak there. The World Organisation of Animal Health’s Scientific Commission for Animal Diseases reinstated Hungary’s FMD-free status after reviewing a containment plan submitted by that country’s Ministry […]
Read more →Easing oil prices could allow BSP to shift stance to ‘neutral’ — Manulife
STABILIZING global crude oil prices could give the Bangko Sentral ng Pilipinas (BSP) the green light to shift to a more “neutral” stance as inflationary pressures ease and the peso strengthens, Manulife Investment Management said. “Obviously, lower inflation would help in terms of policy concerns, and that if we did see oil start to roll […]
Read more →Tropical Depression Haishen to exit PAR on Tuesday; new LPA develops — PAGASA
Tropical Depression Haishen, locally named Josie, is expected to exit the Philippine Area of Responsibility (PAR) on Tuesday, while a new low-pressure area (LPA) has developed with a medium chance of intensifying into a tropical cyclone, according to the state weather bureau. “It is forecast to exit PAR by this afternoon or evening,” the Philippine […]
Read more →Filipinos shift to social media as trust in news declines
Filipinos are increasingly getting their news from social media, video platforms and algorithm-driven feeds instead of traditional news outlets, a shift that has contributed to declining trust in news, according to VERA Files co-founder and University of the Philippines professorial lecturer Yvonne T. Chua. Speaking at the community discussion “Why Don’t Filipinos Trust the News […]
Read more →Maya shifts to recycled plastic cards
The transition makes more sustainable materials the standard across Maya’s card portfolio as part of its commitment to responsible growth Maya has started rolling out cards made from recycled Polyvinyl Chloride (rPVC) or plastic, with plans to transition all newly produced prepaid cards to recycled materials by the end of the year. The move is part of the […]
Read more →Bigger Dreams, Brighter Future: One Meralco Foundation spreads light to more Filipino communities
For years, many families in remote communities had learned to live with just a few hours of electricity each day — with their routines planned around limited power. But things changed when stable electricity reached their homes. With reliable power came brighter classrooms, safer communities, thriving small businesses, and new livelihood opportunities. Children could study […]
Read more →DoE eyes stricter fuel pricing rules
THE DEPARTMENT of Energy (DoE) is set to tighten fuel price guidance as fresh developments in the Middle East threaten to drive pump prices higher, its top official said.
Read more →Two more 25-bp rate hikes seen this year
STILL BROADENING PRICE pressures despite slowing headline inflation may warrant two more consecutive rate hikes by the Bangko Sentral ng Pilipinas (BSP), Deutsche Bank Research said. In a report dated July 10, the Germany-based think tank said it still sees the central bank delivering a 25-basis-point (bp) rate hike at each of its next two […]
Read more →BoI targets P4.5T in investment pledges in 2 years
THE BOARD of Investments (BoI) is aiming to secure P4.5 trillion in investment pledges over the next two years under its updated Strategic Investment Priority Plan (SIPP), which prioritizes frontier technologies such as artificial intelligence (AI), digital infrastructure, and renewable energy (RE).
Read more →10 firms keen on NSCR O&M contract
AT LEAST 10 COMPANIES have expressed interest in bidding for the operations and maintenance (O&M) contract for the North-South Commuter Railway (NSCR), the Department of Transportation (DoTr) said, as it extended the bid submission deadline to September.
Read more →On humility and doubt, from a builder of empires
By Bjorn Biel M. Beltran, Special Features and Content Assistant Editor No matter how successful a man becomes, life has a way of humbling him. This is the lesson Manuel V. Pangilinan brought home from a long-delayed, complicated orthopedic surgery in Singapore. The entire ordeal has left him feeling limited, a state in which every […]
Read more →A significant share in nurturing sustainable energy
By Jomarc Angelo M. Corpuz, Special Features and Content Writer In the Philippines, where energy security, climate resilience, and economic development are tightly knit and almost dependent on each other, the private sector plays the role of linchpin that keeps everything together in the pursuit of accelerating the country’s clean energy transition. Among the organizations […]
Read more →Driving progress: MVP’s vision for PHL transport
By Krystal Anjela H. Gamboa, Special Features and Content Writer Infrastructure has long been recognized as one of the key drivers of economic development. Efficient roads, bridges, and railways not only improve mobility but also stimulate investments, create employment, and enhance the quality of life for millions of people. In the Philippines, one of the […]
Read more →Taking Philippine tourism and leisure to new heights
Through nearly half a decade of its history, Metro Pacific Investments Corp. (MPIC), led by Manuel V. Pangilinan (MVP), has grown its influence across various industries — from telecommunications, energy, water, to roads and healthcare — to be one of the Philippines’ most important companies. Real estate is next Since 2021, when MPIC acquired full […]
Read more →A case of classical pop
SIX-PIECE Original Pilipino Music (OPM) band Silent Sanctuary will perform on the biggest stage of their career — the SM Mall of Asia Arena — for a solo concert, Gabi ng Lambing, on Oct. 24 and 25.
Read more →Leading the expansion of connectivity in the Philippines
By Mhicole A. Moral, Special Features and Content Writer Beyond phone calls and internet access, connectivity moves to supports commerce, education, and public services. As demand for faster and more reliable digital services grows, the country’s telecommunications sector has become a major component of national development. At the center of that effort is Manuel V. Pangilinan (MVP), chairman, president, and […]
Read more →T-bill yields mixed as central bank stays hawkish
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday with mixed yields after hawkish signals from the Philippine central bank and as players monitor developments between the United States and Iran. The Bureau of the Treasury (BTr) raised P50 billion as planned from the T-bills it auctioned off as […]
Read more →MTerra Solar starts supplying power to Luzon grid
THE COUNTRY’S largest integrated solar and battery project has begun supplying electricity to the Luzon grid after the National Grid Corp. of the Philippines (NGCP) cleared an initial 750 megawatts (MW) of capacity for testing and commissioning, the Department of Energy (DoE) said on Monday. Energy Undersecretary Mario C. Marasigan said NGCP’s approval allows electricity […]
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