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Latest Business News

Latest Business News in the Philippines.

  • Latest Business News 1
    Office demand rises 77% in Q1; outlook turns cautious

    THE PHILIPPINE office market started 2026 with stronger net demand, as net absorption rose 77% year on year to 133,000 square meters (sq.m.) in the first quarter (Q1), property consultancy firm Leechiu Property Consultants (LPC) said. Gross demand, however, reached 234,000 sq.m., down 22% from the previous quarter, which LPC said was “consistent with typical

  • Latest Business News 2
    PAL extends Doha, Dubai flight suspension to May 31

    PHILIPPINE AIRLINES (PAL) has extended the suspension of its Manila-Doha and Manila-Dubai flights until May 31 due to the ongoing conflict in the Middle East, citing risks to overall airspace safety and critical infrastructure. “Due to the developing situation in the region, including potential risks to critical infrastructure and overall airspace safety, flights to Doha

  • Latest Business News 3
    MacroAsia 2025 income rises 28.6% on aviation gains

    MACROASIA CORP. posted a 28.57% increase in attributable net income to P1.44 billion last year, driven by a continued recovery in aviation activity and steady gains across its business units. “Fiscal year 2025 reflects MacroAsia’s ability to deliver solid earnings growth while continuing to invest in capacity, service quality, and long-term strategic initiatives,” MacroAsia President

  • Latest Business News 4
    RLC to build mixed-use project on 9-hectare Davao site

    GOKONGWEI-LED Robinsons Land Corp. (RLC) is acquiring the approximately nine-hectare Victoria Plaza complex along JP Laurel Avenue in Davao City as part of its expansion in regional markets. “The transaction reflects RLC’s disciplined capital allocation strategy and underscores its confidence in Davao’s continued economic expansion and rising investor and tenant demand,” the company said in

  • Latest Business News 5
    Del Monte Pacific reshuffles PHL unit leadership as Alejandro steps down

    DEL MONTE PACIFIC LTD. (DMPL) said it will reshuffle leadership at its Philippine unit effective April 29, with Luis F. Alejandro stepping down as group chief operating officer and president of Del Monte Philippines, Inc. (DMPI). In a disclosure on Tuesday, the company said Mr. Alejandro will instead serve as senior adviser to the chief

  • Latest Business News 6
    DICT won’t ban Roblox after safety commitments

    THE Department of Information and Communications Technology (DICT) said it will not ban access to Roblox in the Philippines after the platform committed to strengthen its safety measures. “Roblox laid out and explained stricter safeguards on its platform, including tighter monitoring, reporting mechanisms, and age-appropriate content controls,” DICT said in a statement on Tuesday. The

  • Latest Business News 7
    Manila Water’s Wawa project shortlisted for global award

    RAZON-LED Manila Water Co., Inc. said its P26-billion bulk water supply project has been shortlisted for an international award, marking recognition of a key infrastructure asset that supports water supply in Metro Manila and nearby areas. In a statement on Tuesday, the company said the Upper Wawa Dam has been shortlisted for the Water Project

  • Latest Business News 8
    Mead Johnson relocates PHL headquarters to Uptown Bonifacio

    MEAD JOHNSON Nutrition Philippines said it is relocating its Philippine headquarters to Uptown Eastgate in Uptown Bonifacio, Taguig, as it consolidates its local operations with Reckitt Philippines. Reckitt produces Lysol, Strepsils, Durex, Veet, and Mead Johnson brands including Enfamil, Lactum, and Sustagen. Uptown Eastgate is a 31-storey, LEED Gold-certified office tower with about 100,000 square

  • Latest Business News 9
    How PSEi member stocks performed — April 7, 2026

    Here’s a quick glance at how PSEi stocks fared on Tuesday, April 7, 2026.

  • Latest Business News 10
    PCC flags competition concerns in retail power market

    THE PHILIPPINE Competition Commission (PCC) said the government may need to review rules governing companies involved in both electricity generation and retail supply, citing competition concerns in the retail electricity market. Citing its market study, the PCC said retail electricity suppliers (RES) affiliated with power generators may have easier access to electricity supply, making it