Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
37 articles from PhilStar Business
ACEN powers over 1,450 7-Eleven stores
Philippine Seven Corp. (PSC) has tapped the Zobel family’s ACEN Corp. to power the operations of over 1,450 7-Eleven stores in Luzon with 100 percent renewable energy (RE).
Read full article →Banks told to beef up funds for lending
Banks are now required to set aside capital that can be tapped to support lending during periods of stress – a reform approved by the Bangko Sentral ng Pilipinas (BSP) amid heightened global risks and uncertainties arising from the US-Iran conflict.
Read full article →BSP considering off-cycle rate hike
The Bangko Sentral ng Pilipinas (BSP) may raise borrowing costs for a second consecutive time ahead of its scheduled policy meeting on June 18, as inflation risks mount because of the ongoing Middle East conflict.
Read full article →‘Current account gap could swell to $21 billion‘
The Philippines’ current account deficit could widen to $21 billion this year from $16.3 billion last year, due to the economic fallout from the ongoing Middle East crisis, according to Bank of America (BofA) Global Research.
Read full article →Fish deliveries drop in April
Fish unloading volumes at the country’s regional fish ports declined by eight percent in April, according to the Philippine Fisheries Development Authority.
Read full article →Foodpanda issues P62 million perks to riders
Courier giant foodpanda Philippines has disbursed at least P62 million in incentives to its riders between March and May, boosting their income in the midst of elevated fuel prices.
Read full article →Livestock, poultry gains to cushion farm slump
Sustained gains in the livestock and poultry sectors are expected to help offset this year’s slump in agricultural production, according to the Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA).
Read full article →MGEN Renewables-SPNEC merger eyed in Q4
The planned merger between MGEN Renewables and SP New Energy Corp. (SPNEC) is expected to be completed later this year, setting the stage for a re-initial public offering (IPO) in early 2027.
Read full article →PCC hikes fines for competition law violations
To ensure effective market regulation and fair competition, the Philippine Competition Commission (PCC) has raised fines for anti-competitive practices and other violations of the competition law.
Read full article →PCCI welcomes BIR’s streamlined closure rules
The country’s largest business organization welcomed the Bureau of Internal Revenue (BIR)’s streamlined guidelines for closure of businesses, with the move seen to strengthen ease of doing business.
Read full article →RHR starts construction of Grand Summit Bohol
Robinsons Hotels and Resorts (RHR), the hospitality arm of the Gokongwei family’s Robinsons Land Corp. (RLC), is expanding into one of the country’s fastest-growing tourism frontiers as it starts construction of Grand Summit Bohol.
Read full article →SEC eases cost of doing business with 25 percent cut in fees
The Securities and Exchange Commission (SEC) is reducing corporate document request fees by an additional 25 percent as part of efforts to lower business expenses and improve access to corporate data.
Read full article →SM Group hikes renewable energy sourcing to 31 percent
The SM Group has raised its renewable energy sourcing as it continues to implement cleaner energy use across its businesses.
Read full article →SM Prime partners with world’s largest ticket marketplace
The Sy family’s SM Prime Holdings Inc. has forged a partnership with Ticketmaster, a global market leader in live event ticketing products and services, to introduce a new ticketing service to support the next phase of live entertainment in the Philippines.
Read full article →SteelAsia secures P1.25 billion loan for green initiatives
SteelAsia Manufacturing Corp. has secured a loan from Taiwan-based Cathay United Bank amounting to P1.25 billion for the firm’s green steel production and other initiatives.
Read full article →Telos
At one of the largest business conferences I co-organized with the team at Finest Media Ph, SpeakersCon, feedback from over a thousand participants was both encouraging and insightful.
Read full article →Cebuana Lhuillier: Gold is the missing piece in modern investment portfolios
Cebuana Lhuillier has introduced larger, institutional-grade formats: 50-gram and 100-gram minted gold bars.
Read full article →Globe bats for satellite technology as key connectivity differentiator
In full anticipation of the launch of its satellite-to-mobile service in partnership with Starlink, Globe said that the quality of customer experience will depend heavily on the scale, density and maturity of the satellite constellation supporting the service.
Read full article →Oil prices seen to go up by over P1 next week
An oil price hike may happen next week,
Read full article →BPO Philippines: How agentic AI workflows are helping redefine CX
What happens when world-class human expertise is repositioned around AI orchestration rather than against it?
Read full article →AGI earnings rise in Q1 on resilient businesses
Conglomerate Alliance Global Group Inc. of tycoon Andrew Tan booked higher earnings in the first quarter as its businesses remained resilient amid a challenging environment.
Read full article →Bargain hunting snaps market’s 4-day slump
The Philippine Stock Exchange index broke out of its four-day slump as investors gobbled up bargain stocks.
Read full article →BSP eyes stricter climate reporting for banks
The Bangko Sentral ng Pilipinas is proposing to require the country’s largest and publicly listed banks to adopt stricter sustainability and climate-related disclosure standards starting 2027, as regulators seek more consistent and comparable reporting of environmental risks.
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