PH Business News & Market Updates

Isla Lipana & Co./PwC Philippines, the Philippine member firm of the PwC network, is pleased to announce the admission of four new partners, effective 1 July 2026— strengthening its assurance leadership and sector expertise in the Philippines and Brunei.

(Updated) Digital transfer fees are falling as banks and e-wallets adjust to new BSP pricing rules.

DoubleDragon Corp.’s plan to voluntarily delist MerryMart Consumer Corp. from the Philippine Stock Exchange (PSE) has won the approval of the retailer’s shareholders.

 Ayala Corp.’s wholly owned subsidiary, AC Logistics, is ready to proceed with its next phase of growth as global institutional fund manager A.P. Moller Capital completed its strategic investment in the company.

Wireless giant Smart Communications Inc. is working with technology leader Nokia to improve roaming services, exploring a solution that no longer requires international traffic to go through the Philippines.

MediaQuest Holdings Inc. and Meralco on Monday signed a memorandum of agreement for THINKaMuna Pilipinas, the media company’s media and information literacy (MIL) advocacy campaign. The partnership aims to empower the power company’s stakeholders, starting from its employees, to be discerning con...

Lower food prices, particularly rice, helped ease inflation in June, prompting the National Price Coordinating Council  to endorse to the Office of the President the Department of Agriculture (DA)’s recommendation to extend by two months the government’s P50-per-kilo price cap on imported rice.

Lucio Tan’s Philippine National Bank is waiving transfer fees for domestic fund transfers made through its digital banking platform starting July 10 as part of the bank’s 110th anniversary celebration.

The government has lifted the suspension of excise taxes on kerosene and liquefied petroleum gas (LPG) after global crude prices eased, a move that previously sought to cushion households from surging costs amid the Middle East war.

Last week, the World Bank released its data on gross national income per capita in 2025.

The Philippines is now classified as an upper-middle income country, following an upgrade by the World Bank in its latest country income classification update.

Global oil behemoth Saudi Aramco is marking its return to the Philippine retail fuel market with the opening of its first gasoline station in the country this month.

MANILA, Philippines — Just as the country’s offshore wind industry seemed poised for takeoff, its inaugural auction has been suspended indefinitely amid current market challenges, including disruptions caused by the Middle East war. Energy Undersecretary Felix William Fuentebella said the fifth g...

The country’s foreign exchange buffer climbed to its highest level in three months in June, boosted by the national government’s foreign currency deposits and investment income of the Bangko Sentral ng Pilipinas , although reserves remained lower than a year earlier.

The local stock market kept its winning streak alive as investors stayed on buying mode, still inspired by the slower June inflation.

Multilateral lenders International Monetary Fund and the Asian Development Bank  slashed their growth forecasts for the Philippines for the next two years, citing the weaker-than-expected first-quarter performance and the larger impact of the Middle East conflict on domestic prices and economic a...

Credit growth accelerated for a fourth straight month in May, reaching its fastest pace in more than a year as businesses stepped up borrowing and household credit remained resilient, signaling that earlier monetary easing is beginning to filter through the broader economy.

The country imported 2.75 million metric tons (MT) of rice in the first half, marking a record-high volume for the period, the Bureau of Plant Industry said.

Unemployment went up in May from the previous month while underemployment declined, according to the Philippine Statistics Authority.

Nearly 5 in every 100 Filipinos were reported jobless in May. 

Filinvest Land Inc., the property developer owned by the Gotianun family, is paving the way for the development of a vital segment of the North-South Commuter Railway project.

Growth in Philippine factory output eased in May from the previous month, driven mainly by the lower production of transport equipment and chemicals.

Asia-Pacific carriers continue to face pressure from elevated jet fuel prices, even though the average price of jet fuel fell to $119.13 per barrel in the week ended July 3, according to data monitored by the International Air Transport Association.

Flag carrier Philippine Airlines is adding more flights to Japan and Australia, gearing up for higher demand for air travel during the Christmas season.

Ordinary mortals like most of us find it difficult to understand some economic metrics.