Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
8152 articles across all sources
BIR readies circular to remove VAT on system loss charges
THE Bureau of Internal Revenue (BIR) is preparing a Revenue Memorandum Circular (RMC) that will remove the value-added tax (VAT) on the allowable system loss charge in electricity bills.
Read more →MUFG sees peso at P62:$1 until end-2026
THE PESO will likely hover around the P62-a-dollar handle until yearend as global headwinds and the country’s persistent trade deficit continue to weigh on the local currency, MUFG Global Markets Research said.
Read more →QDMTT seen generating P24.4B annually — DoF
THE DEPARTMENT of Finance (DoF) now estimates that the proposed qualified domestic minimum top-up tax (QDMTT) could generate an average of P24.4 billion in additional revenues annually under the global minimum tax (GMT) rules. However, the DoF warned that the measure could weaken income-based tax incentives and make the Philippines’ broader investment environment more important […]
Read more →PAL’s 50-year franchise renewal bill clears House
THE HOUSE of Representatives on Wednesday approved on third and final reading a bill seeking to renew Philippine Airlines, Inc.’s (PAL) legislative franchise for another 50 years. House Bill (HB) No. 10545 received 250 affirmative votes, three negative votes, and one abstention, according to the results announced during the House plenary session. The measure seeks […]
Read more →Top Line taps second EV partner to broaden fuel station revenue streams
CEBU-BASED Top Line Business Development Corp. has tapped a second electric vehicle (EV) charging partner as it seeks to broaden revenue streams from its growing fuel-station network. In a statement on Wednesday, the listed fuel retailer said it signed a memorandum of understanding with Japan-based Jigowatts, Inc. for the initial deployment of EV charging stations […]
Read more →Gov’t bond yields jump as risk-off sentiment deepens
THE GOVERNMENT made a partial award of the reissued Treasury bonds (T-bonds) it offered on Wednesday as yields climbed on broad risk-off sentiment amid the re-escalation of the Middle East conflict. The Bureau of the Treasury (BTr) borrowed P29.561 billion from the reissued 20-year bonds, just short of the P30-billion target despite total tenders reaching […]
Read more →Prime Infra names SierraCol Chairman Hayward to board
RAZON-LED Prime Infrastructure Capital, Inc. (Prime Infra) has appointed SierraCol Energy Ltd. Chairman Tony Hayward to its board as the infrastructure company expands its presence in international markets. In a statement on Wednesday, Prime Infra said Mr. Hayward joined its board effective Aug. 10. The appointment follows Prime Infra’s acquisition of SierraCol, Colombia’s largest independent […]
Read more →Term deposit yields rise on hawkish BSP
THE BANGKO SENTRAL ng Pilipinas’ (BSP) term deposits fetched higher a higher average yield on Wednesday despite stronger demand, after its latest policy rate hike and with the market pricing in further tightening. Tenders for the seven-day term deposit facility (TDF) reached P140.675 billion, exceeding the P120 billion auctioned off and the P105.824 billion in […]
Read more →Ayala Land consolidates nationwide estate business
AYALA LAND, Inc. (ALI) will integrate its Urban Estates and Regional Estates businesses under the AyalaLand Estates Group starting Jan. 1, 2027, consolidating the management of its nationwide estate operations under Jaime Z. Urquijo. In a regulatory filing on Wednesday, the listed property developer said the reorganization is intended to strengthen its long-term growth strategy […]
Read more →Western Union taps JuanPay to expand remittance access in the Philippines
WESTERN UNION has partnered with JuanPay to expand access to its remittance services in the Philippines. Under the partnership, Western Union’s services will be made available at JuanPay’s 2,000 branches, starting with an initial rollout planned across 1,400 locations. The collaboration combines Western Union’s global financial network spanning more than 200 countries and territories with […]
Read more →PLDT named Company of the Year at Quill Awards
PANGILINAN-LED PLDT Inc. was named Company of the Year at the 22nd Philippine Quill Awards after securing 21 awards for its communications programs and initiatives. The listed telecommunications company received eight Awards of Excellence and 13 Awards of Merit, PLDT said in a media release on Wednesday. “At PLDT and Smart, we’d like to think […]
Read more →Samsung S26 FE now in the Philippines
THE SAMSUNG Galaxy S26 FE is now official in the Philippines, completing the series lineup. Launched last week, the Galaxy S26 FE is priced at P46,990 for the 128GB model, P53,990 for 256GB, and P67,990 for 512GB. The phone’s memory is at 8GB across all variants. It comes in three colors, Blueberry, Graphite, and Pistachio, […]
Read more →Deadly Nepal flood and the price of staying standing
CLIMATE CHANGE has acquired a problem of persuasion. Those of us who work on natural resources and climate risk are routinely cautioned against sounding apocalyptic. Doom, we are told, is a poor currency for engagement: repeat the word “catastrophe” often enough and urgency curdles into fatalism.
Read more →Wrong turn during Chinese craving works out for the better
WE WERE on our way to a neighborhood favorite Chinese restaurant last month when a sign down Congressional Ave. led us to Binondo Boys instead.
Read more →AirAsia-Pegasus deal widens Europe access for Filipino travelers
FILIPINO TRAVELERS are set to gain more connecting options to Europe after Malaysian low-cost carrier AirAsia entered its first codeshare agreement with Türkiye-based Pegasus Airlines, linking their networks through Istanbul. The agreement comes as the Philippines and Türkiye move to expand air connectivity following recently concluded bilateral air talks. “By connecting our extensive network across […]
Read more →SM plans Harrison Plaza floor for local, emerging designers
SM SUPERMALLS plans to allocate a floor of the redeveloped Harrison Plaza in Manila to local and emerging designers as it shapes parts of the mall around younger consumers, company President Steven T. Tan said. “We focus on the youth,” Mr. Tan told reporters on the sidelines of the company’s Mid-Year Business Review on Tuesday. […]
Read more →More choices, not just ‘free,’ is what really protects Filipino consumers
AS BIG BANKS waive transfer fees, it’s worth remembering that a healthy mix of financial companies, not a single free option, is what has kept costs down and services improving for ordinary Filipinos.
Read more →Fish below, power above
Some years back, I visited a farm in Bataan planted with both mangoes and rice, alongside a fishpond. On the farm was a swimming pool filled with untreated water drawn by pump from a nearby well. That same water irrigated the surrounding rice land and mango farm, and filled the pond. What struck me as […]
Read more →Fogo de Chão announces new location as it marks its first year
SINCE the announcement that it was coming to our shores back in 2022, our chops were already watering for Fogo de Chão’s signature slices of meat barbecued Brazilian-style. After finally opening in 2025, it celebrates one year of filling up Filipinos’ stomachs. During lunch on Aug. 14 (it opened on Aug. 18), we were introduced […]
Read more →PayMongo, Skyro team up to enable credit-backed payments at merchants
PAYMONGO GROUP has partnered with Skyro Lending, Inc. to allow businesses to accept credit-backed digital payments. Under the partnership, Skyro credit line holders will be able to spend it at QR Ph merchants through PayMongo’s network, helping expand Filipino businesses’ customer base. This is in line with both companies’ push to help narrow the gap […]
Read more →FWD Philippines tops life insurers in terms of new business in 1st half
FWD Life insurance Corp. (FWD Philippines) kept its position as the country’s top life insurer in terms of new business annual premium equivalent (NBAPE) for the first semester, it said on Wednesday. Citing Insurance Commission (IC) data, FWD Philippines said its NBAPE rose by 23.5% year on year to P5.26 billion in the first half […]
Read more →Analysts see scope for one more BSP rate hike
The Bangko Sentral ng Pilipinas may need one more interest rate increase before year end as El Niño threatens food prices and the peso remains under pressure, analysts said, even as the central bank signaled it hopes to pause after three consecutive hikes.
Read more →‘Data center boom to yield small gains for Philippines’
The Philippines is expected to reap only a marginal economic boost from its data center buildout through 2030, with severe power supply and energy security constraints threatening to slow projects, according to Moody’s Ratings.
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