Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1252 articles from PhilStar Business
Insurance penetration rises on higher premium collections
Insurance penetration in the Philippines climbed to 1.96 percent in the second quarter from 1.79 percent in the same quarter last year, driven by higher premium collections, according to the Insurance Commission.
Read more →Japan’s R&I maintains Philippines credit rating
Japan-based Rating and Investment Information Inc. (R&I) has affirmed the Philippines’ A- credit rating with a stable outlook, but warned that economic growth could weaken further this year as delays in infrastructure spending and elevated energy prices weigh on domestic activity.
Read more →Mitsubishi unveils new Outlander PHEV
Mitsubishi Motors Philippines Corp. is anticipating strong demand for sports utility vehicles to drive the shift to electrified vehicles as it launched its first plug-in hybrid electric vehicle in the country.
Read more →Need for meaningful reforms
The government is proposing a set of tax measures which at first glance might appear to offer Filipinos some relief from their tax burdens.
Read more →PSE ramps up PDS integration
The Philippine Stock Exchange is ramping up initiatives to integrate the Philippine Dealing System Holdings Corp. in line with efforts to build a more unified market infrastructure.
Read more →Telco backs stronger safeguards online, blocks sites inducing violence
One of the country’s major telecommunications companies said it supports efforts to curb access to online content depicting school shootings and other acts of extreme violence, as concerns grow over the exposure of children and young people to harmful content online.
Read more →PPPs cited as better option for government infrastructure
Public?Private Partnerships (PPPs) are the preferred mechanism for delivering large-scale government infrastructure, according to two key public officials.
Read more →‘ASEAN must harmonize rules to combat illicit tobacco trade’
ASEAN member-states must harmonize their trade rules to plug loopholes that are being exploited by transnational crimes to proliferate illicit tobacco trade, a Japan Tobacco International (JTI) Philippines official said.
Read more →Billease secures P1 billion credit line from PNB
Consumer finance platform Billease has secured a P1-billion credit facility from Philippine National Bank (PNB), further expanding its local funding base as it scales its loan portfolio and moves deeper into traditional banking.
Read more →BIR slaps P2.23 billion tax evasion case vs POGO firm
The Bureau of Internal Revenue has filed a tax evasion case with the Department of Justice against Hongsheng Gaming Technology Inc., which operated offshore gaming activities in the Philippines, over alleged tax violations resulting in P2.23 billion in tax deficiencies.
Read more →BOP swings to $1.47 billion gap in July
The Philippines’ balance of payments position returned to a deficit in July as higher foreign exchange outflows, including debt payments and import-related dollar demand, weighed on the country’s external position.
Read more →Central bank writes off P2.8 billion in past-due loans
The Bangko Sentral ng Pilipinas wrote off P2.8 billion in past-due loans in 2025 as it moved to clean up long-standing legacy exposures and refocus its credit operations on its role as lender of last resort.
Read more →Dominion Holdings gearing up to become biggest mining firm
Dominion Holdings Inc. is preparing for a major expansion push that could make it the largest mining company in the Philippines, with control of the Tampakan copper-gold project and a significant hike in its authorized capital stock in the pipeline.
Read more →Epson expands operations to include industrial robots
Epson Precision Philippines Inc. is investing over P40 million to expand its operations in Batangas to include the manufacture of industrial robots, according to the Philippine Economic Zone Authority.
Read more →LWUA, JICA deepen partnership for water development
The Local Water Utilities Administration and the Japan International Cooperation Agency deepened their partnership through broader coordination in modernizing the country’s water districts.
Read more →MAP: Business outlook muted for Q4
Businesses have a muted outlook for the rest of the year but remain hopeful that conditions will improve next year, according to the Management Association of the Philippines.
Read more →Mobile data costs down drastically to P7/GB
Data costs in the Philippines have decreased by two-thirds to nearly P7 per GB, as connectivity coverage and speed improved when the government resorted to real-time analytics to check on telco performance.
Read more →PhilCare launches tech-enabled health care plan in tieup with Hi-Precision Diagnostics
PhilCare, a premier health maintenance organization in the Philippines, has entered into a partnership with Hi-Precision Diagnostics to introduce the Precision Care product line. This collaboration aims to provide Filipinos with streamlined, technology-enabled health care plans that combine emergency coverage with the diagnostic expertise of Hi-Precision’s nationwide clinic network.
Read more →Philippines eyes direct flights to Iceland
The Philippines has signed its first air service agreement with Iceland, providing as many as seven flights weekly between the two countries to open the possibility of direct and connecting trips.
Read more →Philippines ‘on track’ to hit deficit-to-GDP target
The government remains on track to meet its fiscal deficit target this year, with the deficit-to-gross domestic product (GDP) ratio projected at 5.45 percent for the full year, according to the Department of Finance.
Read more →Phl should focus on semiconductor manufacturing
The Philippines should focus more on semiconductor manufacturing if it wants to attract foreign investment and improve its economy more quickly amid the current AI boom, instead of focusing on data centers that would take longer to put up because of their numerous requirements, which include power reliability, network connectivity and geographic stability.
Read more →RLC sees higher share of investment portfolio
Property giant Robinsons Land Corp. expects the share of its investment portfolio in its revenue mix to rise further over the next two years as it continues to beef up its recurring-income businesses.
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