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
‘BSP may raise rates further’
The Bangko Sentral ng Pilipinas (BSP) may still raise interest rates further as it tries to contain inflation without worsening the economy’s slowdown, Monetary Board member Benjamin Diokno said.
Read more →Firms see better prospects but consumers remain wary
Businesses turned less pessimistic in May while consumers grew more downbeat in the second quarter, reflecting a split in sentiment as firms pointed to easing cost pressures and stronger demand, but households remained weighed down by inflation fears and concerns over governance.
Read more →ICTSI proceeds with 26-year extension for Australian unit
Port giant International Container Terminal Services Inc. (ICTSI) is proceeding with the 26-year extension of its contract to operate and maintain one of the world’s most technologically advanced terminals.
Read more →Legitimate public concern
Back in 2019, the Philippine government launched the fuel-marking program (FMP) aimed at combatting oil smuggling into the country.
Read more →Monde MY San invests over P5 billion for Pampanga plant
Biscuit manufacturer Monde M.Y. San Corp. is spending over P5 billion for a new plant in Pampanga that is slated to open next year, according to the Philippine Economic Zone Authority (PEZA).
Read more →Philex sets Silangan mine opening by Q3
Pangilinan-led Philex Mining Corp. expects to begin commercial operations of its Silangan project by the third quarter, barring any further delays in the completion of the processing plant.
Read more →‘Power of choice’ moves closer to homes
“Malayo pa, pero malayo na (Still a long way to go, but we’ve come a long way).”
Read more →PSEi ekes out gains despite absence of fresh leads
The benchmark Philippine Stock Exchange index (PSEi) eked out a marginal increase to end the week in the positive territory despite the lack of fresh catalysts.
Read more →The AI they cannot build
I recently returned from Singapore, where my daughter-boss, Rachel and I attended SuperAI, Asia’s largest AI conference at Marina Bay Sands.
Read more →DigiPlus unveils 'Entertainment for Good' campaign to advance new corporate vision
DigiPlus Interactive Corp. has officially launched its "Entertainment for Good" framework, mapping out a corporate strategy that bridges commercial growth with meaningful social impact.
Read more →Why buyers are turning to landed condos
Investment activity in Metro South is increasingly guided by tangible fundamentals.
Read more →Agri devolution is a failure
One of the big disappointments of the Local Government Code is the failure of LGUs to pick up the responsibility for agricultural technical support for farmers. This failure has severely crippled Philippine agricultural productivity over the last 30 years and a big reason why we have food insecurity.
Read more →AMLC flags tax crimes as money laundering threat
Tax crimes have been flagged as one of the Philippines’ highest money laundering threats, with authorities warning that proceeds from tax evasion may be coursed through banks, shell companies, real estate and other formal channels.
Read more →Budget gap widens to P198.5 billion in May
The government swung back to a budget deficit in May as revenues declined amid the early remittance of dividends by state-owned agencies, while spending increased, the Bureau of the Treasury said.
Read more →Fitch: Philippine banks face higher bad loan risks
Philippine banks may see higher bad loans and weaker earnings in the near term as slower economic growth, high energy prices and rapid growth in unsecured consumer lending raise asset quality risks, Fitch Ratings said. In a report, Fitch said underlying credit risks are likely to persist, with the sharp rise in unsecured consumer loans leaving banks more vulnerable to slower income growth and high inflation.
Read more →GSIS backs Blancaflor appointment as board chair
The Government Service Insurance System is counting on newly appointed board chair Ricardo Blancaflor’s legal and policy expertise to help steer its programs and broaden services for members and retirees.
Read more →Industry groups push for new steel standards
Industry groups are urging the Department of Trade and Industry to immediately implement new steel standards and ban the use of induction furnace (IF) to promote infrastructure and building safety, as the country is prone to earthquakes.
Read more →Meralco’s MSpectrum enters solar venture with Japanese firms
MSpectrum Inc., a subsidiary of Manila Electric Co., has formed a joint venture with two Tokyo-based firms to accelerate the solar adoption of Japanese businesses in the Philippines.
Read more →Mineral assets rise to P588 billion in 2025
The value of the country’s key mineral reserves rose to over P580 billion last year on the back of higher Class A gold reserves, according to the Philippine Statistics Authority.
Read more →Phl, Sweden ties remain strong
Next year, the Philippines and Sweden will celebrate 80 years of economic ties after the two countries established diplomatic relations in 1947.
Read more →SM Group leads 7 Philippine firms in Forbes’ Global 2000 list
Sy family-owned firms have once again topped the list of Philippine companies on Forbes’ list of the world’s largest public companies.
Read more →SPNEC building war chest for MGEN Renewables merger
SP New Energy Corp. is gearing up for its merger with parent MGEN Renewable Energy Inc., arming itself financially for the transaction expected to complete in the fourth quarter.
Read more →Stocks bounce back after sharp selloff
The local stock market rebounded following Wednesday’s selloff, with investors picking up bargains and sentiment getting a lift with the continued drop in oil prices.
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