Fuel prices up by as much as P5 on Aug. 18
Local retailers will raise prices of petroleum products by as much as P5 on Tuesday. The Department of Energy said gasoline prices will increase by P2.49 a liter, diesel by P3.84 a liter and kerosene by P5.01 a liter. Energy Secretary Sharo…
PH remittances growth skids to over 4-year low in June
MANILA, Philippines — A prolonged conflict in the Middle East and the resulting surge in prices across countries that host Filipino migrants slowed the growth of cash remittances to its weakest pace in more than four years in June, a trend …
Go: MIC likely partner of Pax Silica investors
MANILA, Philippines — Maharlika Investment Corp. (MIC), the country’s sovereign wealth fund manager, could serve as a potential local joint-venture partner for foreign companies seeking to invest in the US-led Pax Silica hub in New Clark Ci…
FPH spurns KKR’s First Gen bid
MANILA, Philippines — First Philippine Holdings Corp. (FPH) has rejected US-based Kohlberg Kravis Roberts & Co.’s (KKR) proposal to acquire an additional stake in First Gen Corp., saying the P35-per-share offer failed to reflect its “tr…
Three pairs of numbers, one message
The government recently presented three pairs of numbers that provide some perspective on the current state of the Philippine economy. The first pair is 2.3 percent gross domestic product growth in the second quarter of 2026 alongside a 4.9…
BIZ BUZZ: UP alumni association honors Jorge Araneta
MANILA, Philippines — For embodying “the highest ideals of excellence and civic duty,” Jorge Araneta, 90, chair of the Araneta Group of Companies, was given the “2026 Most Distinguished Alumnus Award” by the University of the Philippines Al…
New plants fuel Citicore’s H1 income to hit P1.2B
MANILA, Philippines — Saavedra-led Citicore Renewable Energy Corp. (CREC) soared by 92 percent in the first half following the activation of more power plants. The group said on Monday that its net income jumped sharply to P1.2 billion from…
PSEi seen to languish at 6,000 level
MANILA, Philippines — AB Capital Securities Inc. is keeping its Philippine Stock Exchange Index (PSEi) target at 6,000, saying cheap valuations alone are not enough to fuel a sustained market rally. AB Capital president and CEO Hazel Tañedo…
Shell Pilipinas bludgeoned by Middle East war
MANILA, Philippines — Shell Pilipinas Corp. plunged into a P2.7-billion loss in the first semester, battered by weaker demand and oil price volatility triggered by the Middle East war. This was a sharp reversal from P965 million in net inco…
ABS-CBN’s financial bleeding worsens
MANILA, Philippines — ABS-CBN Corp. sank deeper into the red in the first half as it grappled with softer advertising and overall revenues compared with last year’s election period, which had also benefited from more events and movie releas…
DoubleDragon grew H1 core profit by 162%
MANILA, Philippines — DoubleDragon Corp. saw its core net income more than double in the first half as the property developer continued its shift toward recurring operating revenues. On Monday, the company, founded by tycoons Tony Tan Cakti…
SSI 6-month net income slumped 40% as expenses surged
MANILA, Philippines — Retailer SSI Group Inc. saw its first-half net income fall by nearly 40 percent despite double-digit sales growth, as higher operating expenses and financing costs weighed on earnings. The Tantoco-led company said on M…
PH banks’ farm lending tops P3T
MANILA, Philippines — Bank lending to the agriculture sector surpassed P3 trillion in June, with lenders exceeding their mandated lending quota despite persistent headwinds facing the industry and the economy. Latest data from the Bangko Se…
PSE sees listing momentum holding up
MANILA, Philippines — The Philippine Stock Exchange (PSE) expects its healthier listing pipeline to hold up as companies continue to seek fresh capital, although market volatility and economic uncertainties could affect the timing of fundra…
Philippines hits digital payments goal –– BSP
MANILA, Philippines — Digital payments accounted for 64.7 percent of total retail payments in the Philippines in 2025, hitting the target of the Bangko Sentral ng Pilipinas (BSP). The BSP stated on Monday that the latest figure increased fr…
Philippines achieved 2025 digital payments target, BSP says
Philippines achieved 2025 digital payments target, BSP says Manila Standard…
Psalm readies Napocor asset bidding—Finance chief
MANILA, Philippines — The Power Sector Assets and Liabilities Management Corp. (Psalm) is currently finalizing the bidding of the National Power Corp.’s (Napocor) remaining power assets. Psalm is the state-run firm tasked with pr…
Stocks, peso slip on lingering uncertainties
Stocks, peso slip on lingering uncertainties Daily Tribune…
PSEi slips on lack of fresh catalysts
MANILA, Philippines — Philippine stocks started the week in negative territory as investors stayed cautious amid a lack of fresh catalysts, lingering Middle East uncertainties and a weaker peso. The benchmark Philippine Stock Exchange Index…
PSE sees listing momentum holding up
PSE sees listing momentum holding up Inquirer.net…