BusinessNews.ph

21/06/2025

Celebrating my 7th year on Facebook. Thank you for your continuing support. I could never have made it without you. 🙏🤗🎉

23/04/2025

SM Prime Holdings Inc. has unveiled Pico Terraces, a mid-rise residential development within the Hamilo Coast estate in Batangas, positioning the project as a coastal retreat for families and individuals seeking a balanced lifestyle outside Metro Manila.

Developed by SM Leisure Resort Residences, a unit of SM Prime, Pico Terraces will rise on a 2.3-hectare enclave at Pico de Loro Cove, with completion targeted by December 2027.

08/04/2025

PH Business Update: Aboitiz Airports, Telecom License Issue, Green Energy Boost & Market Update

Market Turmoil Amid Global Trade Winds: The Philippine Stock Exchange index (PSEi) experienced a sharp downturn today, its most significant drop since the COVID-19 pandemic, settling at the 5,800 level. This slump mirrors a global market reaction fueled by concerns over newly imposed tariffs by the United States. The Philippine Chamber of Commerce and Industry (PCCI) has voiced strong concerns, urging the government to swiftly address potential economic repercussions. Investors are wary of the impact on global growth and corporate earnings, leading to increased market volatility.

Infrastructure Boost: Aboitiz to Operate Regional Airports: The Aboitiz Group is set to expand its infrastructure portfolio by taking over the operations of Laguindingan Airport in Northern Mindanao and the Bohol-Panglao International Airport within the first half of the year. This move signals a significant private sector investment aimed at enhancing regional connectivity and improving airport efficiency and passenger experience in these key tourism and economic hubs.

BPO Sector Active: Singaporean Firm Acquires US Counterpart: Singapore-based TDCX, a global customer experience solutions provider, has acquired American BPO firm Open Access BPO. This strategic acquisition will bolster TDCX's presence in the Philippines, leveraging the country's skilled workforce to enhance its service offerings to international clients. The deal underscores the continued attractiveness of the Philippine BPO sector for foreign investment and expansion.

Regulatory Watch: NOW Telecom Faces License Hurdle: NOW Telecom's future operations are under scrutiny as the National Telecommunications Commission (NTC) has revoked its operating license. The company has a 15-day window to appeal this decision. The reasons for the revocation remain to be fully disclosed, but this development introduces uncertainty into the telecommunications landscape and NOW Telecom's expansion plans.

Green Energy Push: NexGen Unit's Wind Projects Get Fast-Tracked: Airstream Renewables Corp., a subsidiary of NexGen Energy Corp., has received "green lane" certifications for its ambitious P300-billion wind power projects in Quezon province. This government initiative aims to expedite the approval processes for these significant renewable energy projects, highlighting the Philippines' commitment to clean energy and attracting investments in sustainable infrastructure. The projects promise to boost the country's renewable energy capacity and create economic opportunities in the region.

In Brief:

Fuel Prices: Minimal rollback on gasoline and kerosene; diesel prices unchanged.

Jobless Rate: Slight dip to 3.8% in February, but still higher year-on-year.

Peso Reserves: BSP reports a slight decline in gross international reserves for March.

Government Bonds: BTr fully awards reissued seven-year Treasury bonds.

Tourism & Trade Link: DOT and DTI sign agreement to boost tourism-related industries.

Stay tuned for more updates on these and other developing business stories in the Philippines.

06/04/2025

Another day in the heart of Cebu's business hub!

Loving the vibrant energy and stunning architecture here at Cebu Business Park. Whether it's the sleek office towers, the bustling traffic, or the bright blue sky, there's always something dynamic about this place.

Have you been to Cebu Business Park lately? Share your favorite spot or photo in the comments!

05/04/2025

Over 1,000 real estate professionals — including top execs from 30+ major Philippine property developers — are heading to Bangkok for the Asian Real Estate Summit (ARES) 2025 on July 1-2!

Organized by Cebu-based Filipino Homes, this year’s summit centers on the theme: “Empowering Growth: Fostering Global Partnerships with Responsible Developers.”

Exciting days ahead for real estate in Asia!

02/09/2024

Here's a report from our campus journalist Mars Christian Mosqueda

Indiana Fever superstar Caitlin Clark pushed through a sprained ankle early in the first quarter to avert Atlanta Dream’s last-ditch efforts with an 84-79 cliffhanger, eking out a 14-16 standing on the Women’s National Basketball Association regular season, played in the State Farm Arena, last August 27, 2024.

Indiana Fever superstar Caitlin Clark pushed through a sprained ankle early in the first quarter to avert Atlanta Dream’s last-ditch efforts with an 84-79 cliffhanger, eking out a 14-16 standing on the Women’s National Basketball Association regular season, played in the State Farm Arena, last A...

27/08/2024

From pen-and-paper to digital sari-sari store: How non-tech convenience store owners tap technology to streamline operations

Ruth Ocampo-Medalle, a 46-year-old mother of five, traditionally managed her sari-sari store in Maracas, Barangay Lahug, Cebu City using a pen, notebook, and considerable patience. Despite her limited tech knowledge, she has transitioned to using the Peddlr app, developed by Samar-native Nel Laygo, to optimize inventory management and streamline operations through her smartphone.

Medalle's challenges in keeping accurate manual records often led to stock shortages and lost sales opportunities. However, after her daughter introduced her to Peddlr, she began leveraging the app to improve her business processes significantly, achieving more reliable stock management and profit calculation.

Laygo's inspiration for creating Peddlr came from recognizing the struggles of many Filipino convenience store owners like Medalle. With over 1.3 million convenience stores across the Philippines, these businesses often fail due to poor inventory and profit monitoring. Peddlr, launched in July 2021, has garnered over two million downloads and features easy usability even without internet connectivity.

Read this inspiring story here:

https://www.businessnews.ph/2024072799099955157-from-pen-and-paper-to-digital-sari-sari-store-how-non-tech-convenience-store-owners-tap-technology-to-streamline-operations/

12/03/2024

Jollibee Foods Corporation (JFC), a leading Asian food service company, announced a strong finish for 2023 with significant growth in its fourth quarter and full-year financial results.

CEO Ernesto Tanmantiong highlighted an all-time high annual revenue of Php244.1 billion, marking a 15.2% increase from the previous year, and a record operating profit of Php14.4 billion, up by 45%.

Jollibee Foods Corporation (JFC), a leading Asian food service company, announced a strong finish for 2023 with significant growth in its fourth quarter and full-year financial results. CEO Ernesto Tanmantiong highlighted an all-time high annual revenue of Php244.1 billion, marking a 15.2% increase....

14/02/2024

The Figaro Coffee Group (FCG), a leading player in the Philippine food and beverage sector, reported substantial financial growth in its latest quarterly earnings, underscoring a year of robust performance despite inflationary pressures.

Full story in comment section.

12/11/2023

Converge Information and Communications Technology Solutions, Inc. (PSE: CNVRG), the Philippines’ exclusive high-speed fixed broadband provider, reported substantial growth in the third quarter of 2023, surpassing the two million subscriber mark.

Converge Information and Communications Technology Solutions, Inc. (PSE: CNVRG), the Philippines’ exclusive high-speed fixed broadband provider, reported substantial growth in the third quarter of 2023, surpassing the two million subscriber mark. This includes 1,966,105 postpaid and 82,181 prepaid...

12/11/2023

Philippine National Bank (PNB), a major player in the country’s banking sector, has reported a significant 19% increase in its consolidated net income for the first nine months of 2023.

Philippine National Bank (PNB), a major player in the country’s banking sector, has reported a significant 19% increase in its consolidated net income for the first nine months of 2023. Achieving a robust P13.5 billion, this performance surpasses the bank’s earnings during the same period last y...

12/11/2023

Universal Robina Corporation (URC) has announced a notable 9% increase in sales, reaching Php 117.6 billion for the nine months ending September 2023. This growth comes despite the difficult macroeconomic environment marked by high inflation.

Universal Robina Corporation (URC) has announced a notable 9% increase in sales, reaching Php 117.6 billion for the nine months ending September 2023. This growth comes despite the difficult macroeconomic environment marked by high inflation. The company’s sales in the third quarter alone rose by ...