BusinessWorld Online
Philippines · English · Digital
A Philippine news outlet covering politics, legislation, and current events with a focus on local and international developments.
- 2 stories today
- 46/day · 7-day avg
- Top beat: Business
- Tracked since 2026
- 5 Philippines peers
Today’s stories
- DITO launches new StreamZone prepaid video streaming offerDITO Telecommunity launched StreamZone199, a prepaid data plan offering 11GB for streaming apps and 11GB for general use, along with unlimited calls, texts, and free streaming service access.
- President Ferdinand R. Marcos, Jr. delivers message in celebration of the 128th Independence DayPresident Ferdinand R. Marcos, Jr. delivered a message for the 128th Independence Day celebration.
- Middle East war could set back human development gains in Philippines — UNDPThe Middle East conflict risks setting back human development gains in the Philippines by increasing poverty, disrupting remittances, and raising food and fertilizer prices, according to the UNDP.
- Banks’ real estate exposure edges up at end-MarchPhilippine banks and trust entities increased their real estate exposure in the first quarter as market sentiment improved, according to BSP data.
- Meralco rates climb P0.15/kWh in JuneMeralco increases electricity rates by P0.15/kWh in June, affecting eight million customers due to higher generation charges.
- BIR prepares for rollout of global minimum tax regimeThe Bureau of Internal Revenue (BIR) is preparing for the implementation of a global minimum tax regime to ensure multinational companies pay at least 15% tax on income earned in the Philippines, with a proposed effective date of January 1, 2027.
- MPTC-San Miguel tollway merger likely in third quarter — PangilinanMPTC expects its merger with San Miguel Corp. to be completed by the third quarter, with San Miguel likely to hold a majority stake. The deal will combine the country's two largest toll road operators, excluding MPTC's Indonesian and Vietnamese assets.
- ACEN injects P1.15 billion into unit for Zambales solar projectACEN invests P1.15 billion in a unit for a solar project in Zambales, part of its renewable energy expansion. The project, initially 300.011 MWp, may expand to 420 MWp with a battery storage system. The investment is part of ACEN's P80 billion capital expenditures for renewable energy projects.
- JCR reaffirms Ayala Corp.’s A- issuer ratingJCR reaffirmed Ayala Corp.'s A- issuer rating with a stable outlook, citing its diversified portfolio and financial management. The rating is expected to support access to funding sources, including the Japanese debt market.
- Hotel101-Madrid hits full occupancy three months after openingHotel101-Madrid reached full occupancy three months after opening, with strong revenue and positive outlook from DoubleDragon Corp.
- RLC cites high occupancy, tenant demandRobinsons Land Corp. (RLC) reports strong tenant demand and high occupancy rates across its retail, office, industrial, residential, and hospitality projects, driven by long-term partnerships and flexible business models.
- GMA Network names independent directorsGMA Network has nominated former Chief Justice Reynato S. Puno and Enrico S. Cruz as independent directors, replacing long-serving members Artemio V. Panganiban and Jaime C. Laya after withdrawing a lawsuit against an SEC rule limiting director tenure to nine years.
- Acesite suspends Manila Pavilion hotel rebuild as costs swell to P3.6BAcesite suspends the reconstruction of the Waterfront Manila Pavilion Hotel due to rising costs and weak tourism and gaming industry conditions, with the budget now at P3.6B, exceeding insurance proceeds. The company will resume construction only when market conditions improve.
- GoTyme Bank narrows 2025 net loss to P2.95BGoTyme Bank reduced its 2025 net loss to P2.95 billion, up from P3.44 billion in 2024, driven by higher interest income and loan growth, though operating expenses and loan loss provisions increased.
- Fitch assigns PAL BB rating, stable outlookFitch Ratings assigned Philippine Airlines (PAL) a BB issuer rating with a stable outlook, citing its market position, diversified network, and financial flexibility. The rating acknowledges PAL's leading role in the Philippine aviation market and its strategies despite some financial constraints.