Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
8421 articles across all sources
CLI cites P99-B receivables against P67-B debt
CEBU Landmasters, Inc. (CLI) said its contracted receivables stood at about P99 billion against P67 billion in outstanding debt as of June. In a statement to the stock exchange on Tuesday, CLI said the contracted receivables are expected to be collected over the next five years, while its leverage ratios remain well within financial covenants. […]
Read more →Cebu Pacific to resume Iloilo international flights in November
BUDGET CARRIER Cebu Pacific is set to resume international flights from its Iloilo hub in November, with services to Bangkok and Singapore. In a media release on Tuesday, Cebu Pacific said Iloilo-Bangkok flights via Don Mueang International Airport will begin on Nov. 23, while Bangkok-Iloilo services will start on Nov. 24. Iloilo-Bangkok flights will operate […]
Read more →T-bond yields mixed on fears of protracted US-Iran conflict
THE GOVERNMENT made a partial award of its dual-tranche Treasury bond (T-bond) offering on Tuesday, with players favoring shorter tenors due to continued uncertainty over the Middle East conflict and as they await the Philippine central bank’s next policy move. The Bureau of the Treasury (BTr) raised a combined P25.16 billion via its dual-tenor T-bond […]
Read more →Aboitiz estate eyes 500-ha LIMA expansion, P7-B office pipeline
ABOITIZ Economic Estates is expanding its real estate footprint in Batangas, with plans to add 500 hectares (ha) to its flagship LIMA Estate and invest P7 billion in a seven-tower office pipeline. The expansion would increase LIMA Estate’s area from 1,100 ha to 1,600 ha, the company announced on Monday. The company expects to break […]
Read more →Ancient blades: Tausug blacksmith keeps tradition alive
THERE ARE MANY traditional blades as per the cultural heritage of the Tausug tribe in Mindanao, who are known for swords handcrafted by skilled artisans. There’s the kris, known for its distinctive wavy blade; the barung, a leaf-shaped single-edged sword; and the kampilan, a long blade that broadens near the tip. For Madz Kamsa, a […]
Read more →Peso sinks to 3-week low as peace deal hopes fade
THE PESO slid to an over three-week low on Tuesday as global crude oil prices jumped due to fading hopes of a peace deal between the United States and Iran. The currency fell by 29 centavos to close at P61.785 versus the greenback from its P61.495 finish on Monday, data from the Bankers Association of […]
Read more →MPIC hesitant on MRT-3 O&M bid
METRO PACIFIC Investments Corp. (MPIC) is hesitant to join the government’s bidding for the operations and maintenance (O&M) contract of Metro Rail Transit Line 3 (MRT-3), as losses from its existing railway business weigh on its appetite for another rail concession. “It is hard to propose to the board because we already have [LRT-1]. Why […]
Read more →Poet and essayist Marra Lanot, 82
MARRA PL. LANOT, known for her works in Filipino, English, and Spanish across poetry, essays, and journalism, passed away at the age of 82 on Aug. 16 after a prolonged hospital confinement, announced her family in a statement. “She will always be remembered for her kindness, generosity, and sheer love for life. If she loved […]
Read more →BSP mulls tighter ‘fit and proper’ rules for banks
THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to amend corporate governance guidelines for its supervised financial institutions (BSFIs) to monitor directors’ and officers’ integrity and competence through enhanced and routine evaluation. A draft circular showed the BSP wants at least an annual “fit and proper” assessment of banks’ and other financial institutions’ executives. The […]
Read more →Strong corporate demand seen for arena premium suites
SM PRIME Holdings, Inc. said it is seeing strong demand for its Premier Suites following a July 9 trade launch, building on the offering’s presence at the SM Mall of Asia Arena and its expansion to the SM Seaside Cebu Arena. “Premium suites have become a popular feature at leading sports and entertainment venues worldwide […]
Read more →The impact of artificial intelligence on the youth: The role of parents
It is obvious that parents have the primary responsibility of protecting their children from the potential harm that artificial intelligence or AI can inflict on the youth.
Read more →EastWest Bank sees credit costs staying elevated
EAST WEST Banking Corp. (EastWest Bank) expects credit costs to stay elevated for the rest of the year due to challenging economic conditions, and as its consumer loan book continues to mature. “The current macroeconomic environment is affected by not just global, but also, more importantly, domestic factors… We’re also going through a seasoning process, […]
Read more →Merchant payments push digital transaction growth
MERCHANT PAYMENTS continued to drive the rise of digital retail transactions in the Philippines in 2025 as more consumers and businesses adopted scan-to-pay methods, a report from the Bangko Sentral ng Pilipinas (BSP) showed. The BSP’s 2025 Report on E-Payments Measurement published Tuesday showed that person-to-merchant (P2M) payments accounted for 74.31% of total digital retail […]
Read more →BPI waives PESONet fees for corporate fund transfers via BizLink
BANK of the Philippine Islands (BPI) has waived PESONet fees for corporate fund transfers via its BizLink platform. The bank said transactions made via the Pay Non-BPI disbursement feature of BPI BizLink are now free of charge. “The fee waiver is available to both existing and new BPI BizLink corporate clients, enabling businesses to transfer […]
Read more →BankCom eyes steady margins, profitability
BANK OF COMMERCE (BankCom) will continue to focus on maintaining its profitability for the rest of the year as weak economic conditions weigh on loan demand. “We continue to focus on the borrowers that we’re familiar with, that we have information on. But as I mentioned, given where the interest rates are, we’re seeing a […]
Read more →ACEN offloads 49% stake in another India wind asset
ACEN Corp. of the Zobel family is further unlocking value from its India wind portfolio through another strategic stake sale with Dutch firm Diamond India Renewables One B.V. (DIRO).
Read more →‘AI fluency key to employability’
As more companies continue to see the value of artificial intelligence or AI, Mapúa Malayan Digital College, the premier digital college in the Philippines in information technology and business, encourages students and working professionals to focus on the development of their AI fluency to improve their future employability.
Read more →Amid persistent rains, DA moves to cut vegetable losses
The Department of Agriculture is strengthening efforts to cut vegetable losses, as persistent rains in producing areas continue to disrupt trade and weaken demand for fresh produce.
Read more →An island of consumption
Economic Planning Secretary Arsenio Balisacan observed that the economy is growing too slow.
Read more →BSP to further tighten fit-and-proper rules for bank directors, officers
The Bangko Sentral ng Pilipinas is set to tighten governance standards for financial institutions by requiring regular fit-and-proper assessments of key officials and subjecting certain incoming directors and officers to regulatory confirmation before they can assume office.
Read more →Cebu Pacific reviving international flights from Iloilo
Low-cost carrier Cebu Pacific is starting to recover its international network prior to the Middle East tensions, as it will be resuming direct flights from Iloilo to Southeast Asian cities.
Read more →DBM: Returning full P107 billion to PDIC not fiscally prudent
The Department of Budget and Management is putting the brakes on the immediate return of the full P107.23 billion in unused reserve funds to the Philippine Deposit Insurance Corp..
Read more →DICT to bring satellite internet to 85 IP towns
The Department of Information and Communications Technology is spending nearly P29 million for the installation of satellite internet in 85 indigenous peoples towns.
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