Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1881 articles from BusinessWorld
Typhoon Bavi prompts Storm Signal No. 2 in Batanes, enhances southwest monsoon, says PAGASA
Storm Wind Signals have been raised in several areas in Luzon due to the effects of Typhoon Bavi, locally named Inday, bringing life-threatening winds over affected areas while also enhancing the southwest monsoon that will drench the western parts of the country, according to the state weather bureau on Thursday. Storm Wind Signal No. 2 […]
Read more →PREMIERE Condoms turns modern dating into must-watch entertainment with new TikTok series Almost Lovers
PREMIERE Condoms has a simple belief: relationships can be messy, but staying safe shouldn’t be. Guided by that belief, the brand is bringing the realities of modern romance to the screen through Almost Lovers, a new original TikTok series that explores the excitement, uncertainty, and emotional complexities of dating today. Every generation has its own […]
Read more →Climate change, El Niño worsen extreme weather, economic losses, experts warn
Climate experts warned that a strong El Niño developing alongside human-caused global warming is expected to intensify heat waves, droughts, storms, food insecurity, and economic losses worldwide, with vulnerable communities facing some of the most severe impacts. During an online briefing titled “Fuel on Fire: Reporting El Niño and the True Costs of Climate Change” […]
Read more →SM Green Movement sustainability extends to disaster-resilient mall designs withstanding flood
Among the sustainability features integrated into SM’s most-loved malls are disaster-resilient structures designed to strengthen community safety and ensure operational continuity during calamities such as typhoons. As the Philippines remains one of the world’s most disaster-prone countries, flooding continues to threaten communities, livelihoods, and the many small businesses that help drive the economy. Through the […]
Read more →El Niño, prolonged Middle East war seen keeping Philippine inflation elevated
By Katherine K. Chan, Reporter Headline inflation could stay above the Philippine central bank’s target for longer if price pressures worsen amid the looming El Niño season, renewed Middle East conflict, and a potential de-anchoring of inflation expectations. In its latest Monetary Policy Report following its June meeting, the Bangko Sentral ng Pilipinas (BSP) said […]
Read more →IMF trims Philippine growth outlook until 2027
THE PHILIPPINE ECONOMY could post its weakest growth this year since the pandemic, as the Middle East war drives up prices and dampens economic activity, the International Monetary Fund (IMF) said.
Read more →Weak consumption, delayed investments to drag Philippine growth — ADB
THE ASIAN Development Bank (ADB) cut its growth forecasts for the Philippines for this year and next year, citing delayed investments and weaker household consumption.
Read more →Unemployment rate rises in May amid 905,000 job losses in agri
THE PHILIPPINES’ unemployment rate rose to 4.8% in May as job losses in agriculture, driven by bad weather, outweighed employment gains in services and other industries, the Philippine Statistics Authority (PSA) said on Wednesday.
Read more →PAL’s $300-M bond draws $1.4B in orders
PHILIPPINE AIRLINES (PAL) announced on Wednesday that it had priced its inaugural $300-million (P18.45-billion) international bond offering after receiving more than $1.4 billion (P86.11 billion) in investor orders, about 4.5 times the amount offered.
Read more →SEC OKs San Miguel’s P30-B preferred share offering
THE Securities and Exchange Commission (SEC) has approved the registration of San Miguel Corp.’s (SMC) follow-on offering of preferred shares worth up to P30 billion. In a July 7 meeting, the SEC Commission En Banc declared effective SMC’s registration statement covering 400 million Series 2 preferred shares, subject to the company’s compliance with remaining regulatory […]
Read more →Where we belong
WHILE hotels usually brand themselves as oases (read: nothing like their surroundings), the Seda hotel group (under Ayala Land Hospitality) is taking the opposite direction. A new campaign, “Roots by Seda,” aims to place their hotels as firmly part of the communities where they are built.
Read more →Ayala logistics unit completes 40% stake sale to Danish investor
A.P. MOLLER Capital, an infrastructure fund manager affiliated with Denmark’s A.P. Moller Holding, the parent of shipping and logistics company A.P. Moller-Maersk, has completed its acquisition of a 40% stake in AC Logistics Holdings Corp., the logistics arm of Ayala Corp. In a joint statement dated July 7, the companies said the investment was completed […]
Read more →DoE suspends offshore wind auction
THE Department of Energy (DoE) has suspended the country’s first offshore wind auction until further notice, citing logistical constraints, infrastructure readiness, and global supply chain risks, including those arising from the conflict in the Middle East. In a notice, Energy Undersecretary Felix William B. Fuentebella informed qualified suppliers and renewable energy stakeholders that activities and […]
Read more →Out with the old, in with the new (restaurant)
ONCE hailed as one of the best restaurants in Manila, the defunct Inagiku in the Makati Shangri-La has been missed since the hotel’s reopening in 2023, after a two-year pandemic break. In its place is a new venture, Shido — meaning “starting in motion” in Japanese. During a tasting on June 24, we were taken […]
Read more →Philippines’ foreign reserves rise to $104.8 billion
THE PHILIPPINES’ gross reserves jumped to their highest level in three months at end-June, backed by the central bank’s profits from its foreign investments and the foreign currency deposits it received following the National Government’s (NG) latest global bond issue, preliminary data showed.
Read more →Dining In/Out (07/09/26)
SOLAIRE RESORT Entertainment City is bringing the flavors of Spain and Portugal to Waterside this July through its Eat Around the World culinary series, showcasing traditional Iberian dishes inspired by the region’s coastal heritage.
Read more →Aramco to open first branded fuel station in Philippines
SAUDI ARABIAN OIL Co. (Aramco) is set to open its first branded gasoline station in the Philippines this month, deepening its presence in the country’s downstream oil market following its investment in Unioil Petroleum Philippines, Inc. last year. According to a media advisory, Aramco will inaugurate its first station in Parañaque City on July 16. […]
Read more →Term deposit yield goes up on BSP hike bets
THE BANGKO SENTRAL ng Pilipinas’ (BSP) term deposits’ average yield was higher for a third straight week as the market anticipates further monetary policy tightening despite a slower-than-expected June inflation reading. Bids for the central bank’s term deposit facility (TDF) amounted to P143.054 billion on Wednesday, exceeding the P120 billion in seven-day deposits placed on […]
Read more →Megawide targets higher 2026 profit at P1.2B
MEGAWIDE Construction Corp. is targeting a net income of about P1.2 billion this year as lower borrowing costs from debt reduction and growth in its construction and real estate businesses are expected to support earnings, its chief finance officer said on Wednesday. “We are generally on track in terms of our plans and programs… We […]
Read more →Fresh US-Iran strikes drag peso
THE PESO dropped versus the dollar on Wednesday following a fresh flareup in the Middle East conflict that puts the fragile ceasefire between the United States and Iran at risk. The local unit declined by seven centavos to finish at P61.505 against the greenback from P61.435 on Tuesday, based on data on the Bankers Association […]
Read more →The hearts and minds in this fight
Yes, let’s have more local governments beyond Cebu City and Pangasinan’s Labrador municipality declare July 12 as “West Philippine Sea Victory Day” — towards, hopefully, a national observance of this legal milestone when we faced down and won over a superpower. That was the day, a decade ago, when the Permanent Court of Arbitration (PCA) […]
Read more →Reliable cyber infrastructure key to AI readiness, says ManageEngine CEO
JAKARTA — Cyber infrastructures need to be reliable to support emerging technologies as scaling amid increasing demand for artificial intelligence (AI), according to the top official of ManageEngine, the enterprise IT management software division of Zoho Corp. “Sometimes AI is magical, but it is too good to be true. It means it also comes with […]
Read more →Globe launches Starlink satellite-to-mobile service
GLOBE TELECOM, Inc. has commercially launched its satellite-to-mobile service using Starlink’s direct-to-cell technology, expanding mobile connectivity to areas without terrestrial network coverage. In a statement on Wednesday, Globe said the service enables compatible mobile devices to connect directly to Starlink’s low-Earth orbit (LEO) satellites for text, voice, and data services in locations beyond the reach […]
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