SEOUL, South Korea — South Korea on Wednesday fined Alphabet’s Google and Apple a combined 63.7 billion won ($47.6 million), saying they abused their dominance in app store markets by forcing local developers onto their…
Over 1,900 cargoes and goods seized by the Bureau of Customs (BOC) or abandoned by supposed recipients, including P1.2 billion worth of confiscated vehicles, have not been entered into the records of the BOC"s Auction…
Businessman Manny V. Pangilinan, chairman of MVP Group which has interests in telecommunications, infrastructure, and utilities, on Friday said it will get tougher for the Philippine economy but added that the…
The peso closed at P64.025:$1, marking the first time in a week that the currency did not finish at an all-time low.
The Social Security System (SSS) on Wednesday announced that eligible members under the expanded coverage of the Department of Social Welfare and Development's (DSWD) UPLIFT Assistance program will receive up to P8,000…
Business tycoon Manuel V. Pangilinan said Wednesday the plan to offer fintech firm Maya's share to the investing public is still on the table.
A P97.91-million investment under a World Bank-funded initiative is expected to boost the coffee industry in the Daraghuyan Ancestral Domain in Bukidnon.
The Philippine peso has hit a record low against the US dollar for the 33rd time.
A new name, five more solar businesses, and a possible "re-IPO," but Meralco's makeover can't quite banish Leviste's past or the P10.34-billion headache that comes with it
Customers of the Manila Electric Company (Meralco) should expect electricity prices to go up as the continuing depreciation of the Philippine peso is seen to affect the power generation costs.
The Philippine peso closed stronger on Wednesday, albeit still at P64-to-one dollar level.
President Marcos Jr. says rising oil prices are weighing on the currency and economy.
Alibaba announced comprehensive updates with a roadmap for its full-stack AI strategy.
Lower feed costs will help hog raisers from low farmgate prices, the Department of Agriculture (DA) said on Wednesday after the government raised the country"s corn import quota under the minimum access volume (MAV)…
Inflation can support demand for gold, but it is one part of a wider market calculation.
The Filinvest Group continued its record of strong corporate governance as its four publicly listed companies were once again recognized at the 2026 Golden Arrow Awards organized by the Institute of Corporate Directors…
((UPDATE) MANILA, Philippines — President Ferdinand Marcos Jr said on Wednesday authorities would do all they can to ensure the peso does not keep falling against the dollar and urged people "not to panic." "People can…
The recognition is part of The Asian Banker's annual ranking of the world's 1,000 largest and strongest banks, which evaluates institutions based on key measures of financial performance, balance sheet strength, asset…
Federal Land, DHSUD and the Pag-IBIG Fund sign an MOU to create more opportunities for Filipino families to achieve homeownership.
The annual three-month closed fishing season for round scad or galunggong will begin on November 1, the Bureau of Fisheries and Aquatic Resources (BFAR) Mimaropa announced.
Improper antibiotic dosing in livestock has contributed to the emergence of antibiotic-resistant E. coli bacteria, the Department of Agriculture (DA) said on Wednesday.
MANILA,, Philippines — More Filipinos see the United States and Japan as the Philippines' most important economic partners, according to a September survey conducted by Pulse Asia. Commissioned by Stratbase Group, the…
MANILA, Philippines — The National Grid Corporation of the Philippines (NGCP) has re-issued yellow and red alerts for the Visayas grid on Wednesday, as major power plants in the region continue to be unavailable. In its…
The Philippine peso further breached the 64-to-one dollar level during intraday trading on Wednesday, hitting a new historic low.
MANILA, Philippines — The local currency weakened further, hitting another record low as of morning’s trading on Wednesday. The peso opened at P64.08 and further slipped to intraday low of P64.18:$1, breaching Tuesday’s…
The Philippines' underlying vulnerability is a structural imbalance between the dollars the country earns and those it spends
Flag carrier Philippine Airlines (PAL) on Wednesday announced it is offering a 24-hour flash sale for flights going to three popular Southeast Asian destinations.
THE Department of Agriculture (DA) said Tuesday that the Philippine Carabao Center (PCC) was developing heat-tolerant water buffaloes that can sustain milk production and reproduction amid a severe El Niño. "We aim to…
RESPONSIBLE mining urged by industry group THE Chamber of Mines of the Philippines (COMP) on Tuesday called for reliable and responsible mineral production, backed by predictable rules, to protect investments and…
A new government framework for evaluating and granting natural resources contracts may be challenged in court due to its contradiction to existing policies, according to DMCI Holdings Inc. chairman Isidro Consunji.
MINING industry leaders warned that a joint administrative order of the Department of Environment and Natural Resources (DENR) and Department of Energy (DOE) could lead to regulatory uncertainty and investment risks. "I…
THE Board of Investments (BOI) has approved P900.06 billion worth of investments from 207 projects for the first nine months of the year, the agency reported on Tuesday. The number marks a 53.05 percent increase from…
Investments approved by the Board of Investments from January to September jumped by 53 percent from a year ago, signaling strong investor interest in the country.
A FILIPINO-OWNED financing company said it will start offering home construction loans of up to P5 million to families struggling to secure financing from banks amid stringent document requirements. “Families keep…
THE Philippine Stock Exchange index (PSEi) rebounded on Tuesday as investors hunted for bargains following three consecutive sessions of losses. The benchmark index jumped 120.01 points, or 2.13 percent, to close at…
Trump’s eight-month war with Iran is causing serious collateral damage to our economy.
THE Department of Trade and Industry (DTI) has partnered with Mastercard to equip local micro, small and medium enterprises (MSMEs) with the digital resources, tools and skills necessary to thrive in the digital…
PRESIDENT Ferdinand Marcos Jr. signed Executive Order (EO) 129, which temporarily increases the Minimum Access Volume (MAV) for corn imports to prevent possible feed and food price increases. The order, signed on Oct…
Investors yesterday bought bargain shares to take advantage of recent declines, pushing the local stock exchange into positive territory and snapping a three-day losing streak.
That's every story in Business for Wed 28 Oct.
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