PH Business News & Market Updates

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.

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.

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.

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.

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).

San Jose del Monte (SJDM) in Bulacan has been the victim of a series of unfortunate events in the past few years.

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.

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.

The SM Group has raised its renewable energy sourcing as it continues to implement cleaner energy use across its businesses.

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.

Fish unloading volumes at the country’s regional fish ports declined by eight percent in April, according to the Philippine Fisheries Development Authority.

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).

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.

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.

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.

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.  

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.

Cebuana Lhuillier has introduced larger, institutional-grade formats: 50-gram and 100-gram minted gold bars.

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.

An oil price hike may happen next week, 

What happens when world-class human expertise is repositioned around AI orchestration rather than against it?

Thai World Group of Companies, through its local affiliate, is set to open a P1-billion coconut processing facility in Misamis Oriental in July.

Flag carrier Philippine Airlines is returning to the winter wonderland of Sapporo, hoping to stir interest among Filipinos to visit one of Japan’s best snow places.

SM Offices, the commercial leasing arm of SM Prime Holdings Inc., is investing around P700 million for a new tower development that will further reinforce Clark’s position as a premier alternative to Metro Manila’s traditional central business districts.

Global brandy and whisky conglomerate Emperador Inc. of tycoon Andrew Tan pulled off a solid first quarter performance despite a challenging global environment, with net profit increasing by five percent to P1.96 billion from last year’s P1.86 billion.