Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
332 articles from PhilStar Business
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 →Shaping the future of work through a people-first culture
Ellen Imasa is helping shape a workplace culture built on growth, inclusion and purpose.
Read more →NTC welcomes SC Court ruling sustaining NOW Telecom liabilities
The National Telecommunications Commission (NTC) said it welcomes the Supreme Court (SC)’s Resolution dated April 21 denying the motion for reconsideration with finality filed by NOW Telecom Company Inc. (NOW Telecom) and affirming the NTC decision to disqualify NOW Telecom from the 3G frequency assignment for unpaid Supervision and Regulation Fees (SRF) and Spectrum User Fee (SUF).
Read more →PRA celebrates 50 years of defining and redefining Philippine commerce
Founded in 1976, the PRA celebrates 50 years as the unified voice of Philippine retail.
Read more →GCash parent Mynt bound for stock market with P92.3-B IPO
GCash parent Mynt Inc. is planning an IPO that could raise up to P92.3 billion.
Read more →AboitizPower retains lead in power generation market
Aboitiz Power Corp. remains the country’s leading power generation company, with its market share edging close to the limit set by the Energy Regulatory Commission.
Read more →Airfares to hit lowest levels in three months
Travelers planning to book a flight soon may find the cheapest airfares since April following the reduction of the fuel surcharge to a three-month low.
Read more →BSP raises BOP deficit forecasts
The Philippines is expected to post wider balance of payments deficits this year and next as elevated global uncertainty, weaker capital inflows and persistent energy price pressures continue to weigh on the country’s external position, the Bangko Sentral ng Pilipinas said.
Read more →DMCI bets big on oil palm plantation, targets expansion to 20,000 hectares
DMCI Holdings Inc. plans to expand its oil palm plantation to at least 20,000 hectares over the long term as it seizes opportunities in the country’s ever-growing vegetable oil market, its chairman and president Isidro Consunji said.
Read more →Fisheries output on the wane in last 5 years
The performance of the country’s fisheries sector has been declining in the last five years due to rising input costs and intensifying effects of climate change, the Congressional Policy and Budget Research Department said.
Read more →Fresh Mideast tensions seen to test stocks
The local stock market may once again make a run to hit 6,150 this week, but things are looking bleak following recent developments in the Middle East, according to analysts.
Read more →Government borrowings shrink to P108 billion
The national government’s total gross borrowings declined in May as domestic debt issuance shrank despite external financing surging more than fourfold.
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