PH Business News & Market Updates

Banking giant HSBC has rolled out a credit facility worth up to $4 billion aimed at supporting mainland Chinese companies in clean energy and low-carbon sectors to branch out overseas, with the Philippines as a key target destination.

Japanese trading giant Marubeni Corp. is eyeing to scale up its investments in the Philippines, with plans to tap carbon credits for reforestation projects and expand into pharmaceutical distribution.

The country’s largest carrier has taken delivery of another fuel-efficient aircraft, keeping its fleet expansion on track to serve the flying demand in spite of industry struggles.

RL Commercial REIT Inc. is poised to bolster its portfolio with more mall asset infusions planned this year from its sponsor Robinsons Land Corp. .

SMX Convention Center of the SM Group is tapping 2GO, the largest integrated transportation and logistics solutions provider in the country, to reinforce logistics and shipping support for exhibitors, event organizers and corporate clients.

Electrified vehicle sales continued to defy the overall downtrend in automotive sales, surging by 159 percent year-on-year in the January to April period, while total vehicle sales slipped by 12 percent, amid high fuel prices.

With the US-Iran conflict still unresolved after three months and about to enter its fourth month this week, the energy crisis it caused is beginning to adversely impact highly import-dependent countries such as the Philippines, pushing up crude oil prices, fanning inflation, slowing economic gro...

It would require roughly $7 billion (around P430.4 billion) to end energy poverty in the Philippines and bring electricity to millions of homes still left in the dark, according to microgrid developer WEnergy Global.

If the Strait of Hormuz remains closed after July, our economy will hit a critical breaking point between early July and mid-August, industry experts say.

Retired chief justice Artemio Panganiban is ready to move on to his next journey after his stint in the board of most publicly listed companies was affected by the term limit imposed by the Securities and Exchange Commission on independent directors.

The US dollar index closed last Friday at 99.32. WTI crude ended at $100.39 per barrel.

The local stock market is seen maintaining its sideways movement this shortened trading week, with ongoing uncertainties expected to keep investors on the sidelines.

Local poultry raisers have flagged declining farmgate prices for chicken amid lower demand and oversupply of production.

The Energy Regulatory Commission has set a higher ceiling price for the waste-to-energy auction just as it did for offshore wind, which could mean more expensive electricity for consumers.

Philippine merchandise exports could hit a new record high this year, amid strong demand for the country’s products, according to the Department of Trade and Industry.

What do butchers do best? They sharpen their knives to slice meat into specific cuts, breaking down carcasses to show buyers what is lean and what is fat.

The Philippines' longest-running travel fair is set to make a return this September.

The Bureau of Fisheries and Aquatic Resources has called for stronger safeguards for Filipino salt farmers, citing an influx of foreign imports threatening local livelihood. 

The number of construction projects based on approved building permits went up by two percent in March from a year ago, but the value dipped year-on-year, according to the Philippine Statistics Authority.

Top Line Business Development Corp. is betting big on the Visayas market with plans to build a major energy hub in Cebu that could quadruple its fuel storage capacity.

Rockwell Land Corp. of the Lopez Group saw its earnings surge by more than half in the first quarter, fueled by robust revenue growth across core business segments.

Ayala Malls is expanding its Trinoma shopping center in Quezon City with a new 40,000-square-meter retail and office wing that will connect directly to the Unified Grand Central Station.

Positioning itself to become a major Filipino conglomerate, Vivant Corp. is ramping up its expansion with a planned investment pipeline of about P67 billion through 2030.

The Bases Conversion and Development Authority is taking decisive steps to transform Bataan into a leading hub for electric vehicle development and manufacturing.

Subsidies given to state-run firms grew by 18.8 percent in the first quarter, with the bulk going to the national irrigation agency, according to the Bureau of the Treasury.