Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
320 articles from BusinessWorld
Converge, IBPAP partner to boost AI readiness in IT-BPM sector
FIBER BROADBAND and technology solutions provider Converge ICT Solutions, Inc. has partnered with the Information Technology and Business Process Association of the Philippines (IBPAP) to support workforce upskilling and artificial intelligence (AI) readiness in the country’s information technology and business process management (IT-BPM) sector. The partnership follows Converge’s membership in IBPAP, an industry association representing […]
Read more →Tennis studio AVARI offers practice simulations
WITH FILIPINO tennis enthusiasts now growing in number, inspired by the rise of professional tennis player Alex Eala, there’s a place where they meet like-minded people and play — but not on a court. The place is the AVARI Tennis Studio, which offers the very first tennis simulation in the country. “To be honest, we’re […]
Read more →Manila Water unit, CDC break ground on 10-MLD Clark wastewater plant
MANILA WATER Co., Inc. subsidiary Clark Water Corp. and state-run Clark Development Corp. (CDC) have broken ground on a 10-million-liter-per-day (MLD) wastewater treatment facility in the Clark Freeport Zone (CFZ) in Pampanga to expand wastewater treatment capacity as business activity in the estate grows. The project, which broke ground on July 1, will be developed […]
Read more →PayMongo posts rapid growth in QR Ph payments
PAYMENTS made through QR Ph, the Philippines’ national QR code standard, are gaining traction as it overtook cards’ and e-wallets’ share in transaction volume in the first half, according to data from financial technology company PayMongo Group. PayMongo said on Thursday that completed transactions made through its platform grew by 89% year on year to […]
Read more →CTA voids P51.6-M BIR withholding tax assessment vs JTKC Land
THE Court of Tax Appeals (CTA) has voided a P51.59-million deficiency withholding tax assessment issued by the Bureau of Internal Revenue (BIR) against property developer JTKC Land, Inc., ruling that the assessments lacked legal basis and, in part, were issued without valid audit authority. In a 30-page decision promulgated on June 30, the CTA Special […]
Read more →Moody’s cuts RCBC outlook to ‘negative’
MOODY’S RATINGS has affirmed its ratings for Rizal Commercial Banking Corp. (RCBC) but cut its outlook to “negative” from “stable” due to heightened asset quality risks stemming from its large exposure to the retail segment. The debt watcher on Wednesday affirmed the bank’s Baa3/P-3 long-term (LT) and short-term (ST) foreign-currency (FC) deposit ratings, Baa3 FC […]
Read more →When does regulatory relief become regulatory risk? Lessons from the BSP’s response to the Iran conflict
Every major financial crisis reshapes central banking. The Asian Financial Crisis transformed exchange-rate management and reserve policy. The Global Financial Crisis elevated financial stability alongside price stability as a core objective of central banks. The COVID-19 pandemic expanded the supervisory toolkit through extraordinary liquidity support, regulatory flexibility, and crisis interventions. The recent conflict involving Iran […]
Read more →Stuff to Do (07/03/26)
PRIME VIDEO presents the sci-fi film Project Hail Mary starting July 3. Science teacher Ryland Grace (Ryan Gosling) wakes up on a spaceship light years from home with no recollection of who he is or how he got there.
Read more →Vivant Water starts supplying desalinated water to Cebu utility
VIVANT WATER has begun supplying desalinated water from its seawater desalination plant in Cordova, Cebu, to the Metropolitan Cebu Water District (MCWD), providing an initial supply that will serve nearly 7,000 households ahead of the facility’s full commercial operations. MCWD’s distribution network has started receiving an initial 5,000 cubic meters (cu.m.) of desalinated water from […]
Read more →BSP eyes risk-based framework to assess banks’ ability to protect their customers
THE BANGKO SENTRAL ng Pilipinas (BSP) is proposing a risk-based framework for its assessment of financial institutions’ ability to safeguard consumer rights as part of the implementation of the Financial Products and Services Consumer Protection Act. The central bank is looking to adopt the Financial Consumer Protection Risk-and-Impact Supervisory Model (FCPRISM) that will cover its […]
Read more →EPIRA @ 25
(Second of two parts) In my last column, I shared some reflections on the 25th year of implementation of one of the most economically consequential legislations that the Philippine Congress passed over the last 30 years. (Read Part 1 here: https://tinyurl.com/2d9pgqvj) In June 2001, Congress enacted Republic Act No. 9136 or the Electric Power Industry […]
Read more →SM Group earns 24 governance, investor relations recognitions
SM INVESTMENTS CORP. (SMIC), BDO Unibank, Inc., and SM Prime Holdings, Inc. received a combined 24 recognitions at the 16th Asian Excellence Awards organized by Hong Kong-based publication Corporate Governance Asia. SMIC, the group’s parent company, received eight awards. BDO Unibank received nine, while SM Prime received seven. Among the individual recognitions, SMIC President and […]
Read more →Peso strengthens as oil prices drop
THE PESO gained against the dollar on Thursday as lower global oil prices eased inflation concerns, and as players digested clues on the US central bank’s policy path. The currency climbed by 5.6 centavos to finish at P61.565 versus the greenback from P61.621 on Wednesday, based on Bankers Association of the Philippines data posted on […]
Read more →PSEi back at 6,100 range as sentiment improves
PHILIPPINE SHARES climbed further on Thursday, pushing the main index past the 6,100 mark, as renewed optimism over the country’s economic prospects supported buying activity. The Philippine Stock Exchange index (PSEi) rose by 0.93% or 56.46 points to close at 6,125.72, while the broader all shares index went up by 0.54% or 18.25 points to […]
Read more →Farm goods being counted on to boost export growth — DTI
THE Department of Trade and Industry (DTI) said it expects agriculture to help boost export growth via high-value, in-demand goods like coconut oil and purple yam (ube). In a statement on Thursday, Trade Secretary Maria Cristina A. Roque noted that the latest export data highlight Philippine exporters’ competitiveness even in the face of global headwinds. […]
Read more →Domestic rice struggling to compete with imports in 5% broken-grain segment — DA
THE Department of Agriculture (DA) said consumers are demonstrating a preference for imported rice in the 5% broken-grain segment over domestic varieties because of a perceived quality difference. Agriculture Secretary Francisco P. Tiu Laurel, Jr. told reporters that he is considering a freeze on imports of 5% brokens to provide relief to rice farmers. Mr. […]
Read more →US business delegation to visit Philippines later this month
THE PHILIPPINES is scheduled to host a US delegation of about 25 executives and investors this month, the Philippine Trade and Investment Center (PTIC) in New York said. “The main goal of the trip is to create stronger economic ties and encourage more US companies to invest in the country’s growing economy,” the PTIC said in […]
Read more →PHL wholesale price growth eases in May
PRICE GROWTH of wholesale goods eased to a three-month low in May as cost pressures receded in the face of softer global oil prices, analysts said. Citing preliminary data, the Philippine Statistics Authority (PSA) said growth in the general wholesale price index (GWPI) at the national level slowed to 2.5% in May from 3.5% a […]
Read more →BoI touts PHL prospects in producing halal-certified personal care products
THE PHILIPPINES has the potential to become competitive in manufacturing halal-certified personal care products, the Board of Investments (BoI) said. In a statement on Thursday, the BoI said that the $2.6-trillion global halal economy presents opportunities for domestic manufacturers of cosmetics, personal care, and pharmaceuticals. Rose Marie O. Mendoza, BoI acting director of the Manufacturing […]
Read more →National Seed Reserve opens in Quezon City
THE Bureau of Plant Industry (BPI) said it inaugurated the National Seed Reserve in Quezon City on Thursday. The facility, opened by Agriculture Secretary Francisco P. Tiu Laurel, Jr. and BPI Director Gerald Glenn F. Panganiban has the capacity to store nearly 9,000 bags of seed and is solar-powered to help preserve seed quality. The […]
Read more →Iglesia ni Cristo shifts rally to Manila after Quezon City gov’t revokes permit
ABOUT 1,700 members of the Iglesia ni Cristo gathered at Liwasang Bonifacio in Manila on Thursday after the Quezon City government revoked the group’s permit to continue its rally near the EDSA People Power Monument, citing traffic disruption and public safety concerns.
Read more →Marcos arrives in Canada to pursue investment deals
PRESIDENT Ferdinand R. Marcos, Jr. arrived in Vancouver on Thursday for a four-day official visit aimed at expanding trade and investment ties with Canada, advancing negotiations for a free trade agreement (FTA) and attracting investments in mining, renewable energy and other priority sectors. The plane carrying Mr. Marcos and the Philippine delegation landed at Vancouver […]
Read more →DoE seeks tougher anti-hoarding powers for oil
THE Department of Energy (DoE) is seeking congressional authority to seize hoarded petroleum products, impose stiffer penalties on profiteers and require a strategic fuel reserve under proposed amendments to the Oil Deregulation Law aimed at strengthening the country’s energy security. At a Senate Energy Committee hearing on Thursday, Energy Secretary Sharon S. Garin said the […]
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