Philippine Daily Inquirer – Business

Philippine Daily Inquirer – Business

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Philippines corporate/markets desk with equities and macro.

Middle East War: Global Economic Fallout
NewsApr 4, 2026

Middle East War: Global Economic Fallout

Amid the escalating Middle East conflict, a handful of vessels—including French and Japanese‑owned ships—have resumed transiting the Strait of Hormuz, easing a near‑three‑week blockade that has strained global oil and LNG flows. The war has also triggered a cascade of...

By Philippine Daily Inquirer – Business
Japanese Airlines Mull Fuel Surcharge Hikes Due to Mideast War
NewsApr 3, 2026

Japanese Airlines Mull Fuel Surcharge Hikes Due to Mideast War

Japanese carriers Japan Airlines (JAL) and All Nippon Airways (ANA) are weighing fuel surcharge increases as oil prices surge following the Middle East war that shut the Strait of Hormuz. Both airlines say no formal decision has been made, but...

By Philippine Daily Inquirer – Business
Tesla Sales Rise After Brutal Year of Musk Boycotts
NewsApr 3, 2026

Tesla Sales Rise After Brutal Year of Musk Boycotts

Tesla reported a 6% rise in first‑quarter vehicle deliveries, reaching 358,023 units—the first increase in three years. The figure fell short of the 381,000 units analysts expected, triggering a 5.4% drop in the stock price. The slowdown follows a year...

By Philippine Daily Inquirer – Business
Oil Rises and Asian Stocks Fall After Trump Says US Will Hit Iran Hard
NewsApr 2, 2026

Oil Rises and Asian Stocks Fall After Trump Says US Will Hit Iran Hard

Oil prices surged over 4% after President Donald Trump pledged to intensify U.S. strikes on Iran, pushing Brent crude to $106.16 a barrel and U.S. crude to $104.15. Asian equity markets reacted sharply, with Japan's Nikkei down 1.9% and South...

By Philippine Daily Inquirer – Business
USTR Flags ‘Widespread’ Philippine Customs Corruption
NewsApr 1, 2026

USTR Flags ‘Widespread’ Philippine Customs Corruption

The U.S. Trade Representative’s 2026 National Trade Estimate flags pervasive corruption within the Philippines’ Bureau of Customs, citing 100% inspections, erratic fee assessments, and delayed processing. While the Philippine government has digitized many customs procedures, the report says transparency and...

By Philippine Daily Inquirer – Business
Converge Eyes 200-Hectare Pampanga ‘Tech City’
NewsApr 1, 2026

Converge Eyes 200-Hectare Pampanga ‘Tech City’

Converge ICT Solutions announced a 200‑hectare "tech city" in Pampanga, split between 20 ha in Angeles City and 180 ha in Mexico town. The development will focus on AI, R&D, and software design to address the Philippines’ talent gap in emerging digital...

By Philippine Daily Inquirer – Business
Bank Loans Grow Faster but Middle East Turmoil Poses Major Risk
NewsApr 1, 2026

Bank Loans Grow Faster but Middle East Turmoil Poses Major Risk

Bank lending in the Philippines accelerated in February, with large‑bank loan balances reaching roughly $257 billion, a 9.5% year‑over‑year increase and slightly faster than January’s 9.3% pace. Business loans drove most of the growth, climbing 8.6% to about $216 billion, while consumer...

By Philippine Daily Inquirer – Business
SEC Flags Unregistered Firms that Offer High Returns
NewsApr 1, 2026

SEC Flags Unregistered Firms that Offer High Returns

The Philippines Securities and Exchange Commission (SEC) has warned that several firms, including Aura Financing Corp., Amari Luxe Aesthetic and Wellness Clinic, and Cosmolash, are operating unregistered investment and lending schemes. Aura Finance offered loans of ₱6,000‑₱20,000 (≈$109‑$364) with a...

By Philippine Daily Inquirer – Business
SEC Drafts Tougher Auditor Accreditation Rules
NewsApr 1, 2026

SEC Drafts Tougher Auditor Accreditation Rules

The Philippine Securities and Exchange Commission (SEC) has released a draft circular tightening auditor accreditation rules, inviting public comment until May 15, 2026. The proposal expands mandatory SEC‑accredited auditors to corporations with government contracts of at least $1.8 million (single) or...

By Philippine Daily Inquirer – Business
Manufacturing Activity Falters to 3-Month Low Due to Middle East Crisis
NewsApr 1, 2026

Manufacturing Activity Falters to 3-Month Low Due to Middle East Crisis

The Philippine manufacturing PMI slipped to 51.3 in March, a three‑month low and the first decline since December, as the Middle East war dampened export demand and spiked oil costs. While the index stayed above the 50‑point growth threshold, new...

By Philippine Daily Inquirer – Business
Steady Travel Demand Lifts PAL Profit to $160M in 2025
NewsMar 31, 2026

Steady Travel Demand Lifts PAL Profit to $160M in 2025

Philippine Airlines reported a 6.1% rise in net income to $160.4 million for 2025, driven by steady travel demand and higher ancillary revenues. Total revenue grew 3% to $3.22 billion, with passenger operations contributing $2.73 billion as the carrier carried 16.3 million passengers, up...

By Philippine Daily Inquirer – Business
Yanson Buses Offer 10% Fare Discount From Good Friday to Easter Sunday
NewsMar 31, 2026

Yanson Buses Offer 10% Fare Discount From Good Friday to Easter Sunday

The Yanson Group of Bus Companies announced a 10% fare discount for all passengers from Good Friday through Easter Sunday. The promotion spans its nine subsidiaries operating over 5,100 buses across Southern Luzon, the Visayas, and Mindanao. Company president Leo...

By Philippine Daily Inquirer – Business
IMF Chief Visits Philippines to Deepen Collaboration Amid Asean Chairship
NewsMar 30, 2026

IMF Chief Visits Philippines to Deepen Collaboration Amid Asean Chairship

The International Monetary Fund’s Managing Director Kristalina Georgieva visited Manila from March 11‑13, 2026, to deepen collaboration with the Bangko Sentral ng Pilipinas. The trip coincides with the Philippines’ chairmanship of the ASEAN summit, positioning the country as a regional...

By Philippine Daily Inquirer – Business
PSEi Slides to 5,800 Level as Middle East War Escalates
NewsMar 30, 2026

PSEi Slides to 5,800 Level as Middle East War Escalates

The Philippine Stock Exchange Index slipped 1.73% to 5,869.49 points, retreating to the 5,800 level as the Middle East conflict pushed oil prices higher. Elevated crude costs weakened the peso and stoked inflation fears, prompting investors to adopt a cautious...

By Philippine Daily Inquirer – Business
Aurora Economic Zone Pitched as Data Center Hub
NewsMar 29, 2026

Aurora Economic Zone Pitched as Data Center Hub

Aurora Pacific Economic Zone (Apeco) announced a partnership with Japanese‑backed InfiniVAN to build a 100‑km fiber backhaul linking the Casiguran ecozone to existing and planned submarine‑cable landing stations in northern Luzon. The project, estimated at PHP 400‑450 million (approximately $7‑8 million), could be...

By Philippine Daily Inquirer – Business
When Stock Markets Are Rattled, Even by War, It Usually Pays for Investors to Be Patient
NewsMar 29, 2026

When Stock Markets Are Rattled, Even by War, It Usually Pays for Investors to Be Patient

U.S. equities have historically rebounded from every major correction, including wars and financial crises, and the S&P 500 remains about 8.7% below its early‑year peak after a fifth consecutive losing week. The ongoing Iran‑related conflict has pushed oil to $119 per...

By Philippine Daily Inquirer – Business
Tesla PH Previews 2026 Model Y L 6-Seater
NewsMar 29, 2026

Tesla PH Previews 2026 Model Y L 6-Seater

Tesla Philippines unveiled the 2026 Model Y L, a six‑seat, longer‑wheelbase version of its popular compact crossover. The L variant stretches the standard Model Y by 186 mm in length, 62 mm in width and 44 mm in height, and adds a 150 mm longer wheelbase,...

By Philippine Daily Inquirer – Business
Philippines Pushing for WTO Dispute System Reforms
NewsMar 29, 2026

Philippines Pushing for WTO Dispute System Reforms

The Philippines is championing reforms to the World Trade Organization’s dispute‑settlement system at the WTO’s 14th Ministerial Conference in Yaoundé. Trade Secretary Cristina Roque argued that a functional, accessible mechanism is essential for restoring confidence, especially for developing economies. WTO...

By Philippine Daily Inquirer – Business
Klook: Filipinos Opting to Travel Closer to Home Amid Middle East Jitters
NewsMar 29, 2026

Klook: Filipinos Opting to Travel Closer to Home Amid Middle East Jitters

Klook’s Travel Pulse 2026 study shows Filipino travelers are pivoting toward short‑haul destinations in Asia as Middle East tensions and volatile oil prices dampen long‑haul appetite. Northeast Asia accounts for 67% of preferred trips, while Southeast Asia captures 30%, with Vietnam,...

By Philippine Daily Inquirer – Business
Daughter of Ifugao Rises to Lead Major Gold Miner
NewsMar 29, 2026

Daughter of Ifugao Rises to Lead Major Gold Miner

Joan Adaci‑Cattiling, an indigenous Ifugao descendant, became president of OceanaGold Philippines (OGP) in 2024, leading the country’s second‑largest gold and copper producer. Under her guidance, OGP has deepened community ties through a 1% revenue Community Development Fund and a 0.5%...

By Philippine Daily Inquirer – Business
SEC Extends Fee Discounts to Boost MSME Growth
NewsMar 28, 2026

SEC Extends Fee Discounts to Boost MSME Growth

The Philippine Securities and Exchange Commission (SEC) has extended fee discounts for micro, small and medium enterprises (MSMEs) to promote growth and lower compliance costs. Under Memorandum Circular No. 13, Series of 2026, a 20% discount on corporate registration fees will...

By Philippine Daily Inquirer – Business
DBP Lends P2B for Kabankalan City Flood Control Projects
NewsMar 28, 2026

DBP Lends P2B for Kabankalan City Flood Control Projects

The Development Bank of the Philippines (DBP) has approved a roughly $36 million loan to Kabankalan City in Negros Occidental for flood‑control infrastructure. The financing is divided into three tranches—a 15‑year $30 million loan, a 10‑year $5.7 million loan, and a five‑year $0.02 million...

By Philippine Daily Inquirer – Business
Naia Holy Week Traffic Seen Tempered by Middle East War Disruptions
NewsMar 28, 2026

Naia Holy Week Traffic Seen Tempered by Middle East War Disruptions

Passenger traffic at Manila’s Ninoy Aquino International Airport is projected to reach 1.35 million travelers between March 28 and April 5, a modest rise over last year’s 1.33 million. Daily volumes are expected to exceed 143,000, with April 5 slated as the peak day at roughly...

By Philippine Daily Inquirer – Business
Philippines Secures Supply Deals for 1M Barrels of Diesel
NewsMar 28, 2026

Philippines Secures Supply Deals for 1M Barrels of Diesel

The Philippine Department of Energy has signed contracts to import 1 million barrels (≈165.7 million liters) of diesel, enough for five days of national consumption. The deals, brokered through the Philippine National Oil Company Exploration Corp., are part of a P20 billion ($360 million)...

By Philippine Daily Inquirer – Business
Piki vs Gabby: New Lopez Leadership Squabble Erupts
NewsMar 28, 2026

Piki vs Gabby: New Lopez Leadership Squabble Erupts

Federico “Piki” Lopez has sued his cousins led by Eugenio “Gabby” Lopez III over his removal as president of Lopez Inc., the family’s private holding company. A Mandaluyong court issued a preliminary injunction on March 26 halting the board’s February...

By Philippine Daily Inquirer – Business
Oil Climbs, Stocks Fall as Markets See No End to War
NewsMar 28, 2026

Oil Climbs, Stocks Fall as Markets See No End to War

Oil prices surged after the United States and Israel struck Iranian nuclear sites, with Brent climbing 4.2% to $112.57 a barrel and WTI jumping 5.5% to $99.64. At the same time, equity markets slipped, the S&P 500 closing 1.7% lower and...

By Philippine Daily Inquirer – Business
Electricity Spot Market Also Reels From Price Shock
NewsMar 27, 2026

Electricity Spot Market Also Reels From Price Shock

The Philippines' Wholesale Electricity Spot Market (WESM) will be suspended as spot power prices are projected to hit P9 per kilowatt‑hour (about $0.16), more than double February's average of P3.50 ($0.06). The Energy Regulatory Commission (ERC) ordered the shutdown to...

By Philippine Daily Inquirer – Business
Spike in LPG Prices May Hit Record High of P30/Kg
NewsMar 27, 2026

Spike in LPG Prices May Hit Record High of P30/Kg

The LPG market in the Philippines is set to see a record price jump, with the industry association warning that per‑kilogram rates could rise by P30 (about $0.55) as early as March 28, followed by an additional P10 ($0.18) on April 1....

By Philippine Daily Inquirer – Business
Prime Energy Eyes First Gas From New Malampaya Wells by Q4
NewsMar 27, 2026

Prime Energy Eyes First Gas From New Malampaya Wells by Q4

Prime Energy Resources Development BV, part of the Razon group, plans to deliver its first gas from the new Malampaya Phase 4 wells by the fourth quarter of 2026. The Camago‑3 well in offshore Palawan has completed drilling, completion and flow testing,...

By Philippine Daily Inquirer – Business
Stronger Output Boosts Benguet Corp.’s Profit to P760M in 2025
NewsMar 27, 2026

Stronger Output Boosts Benguet Corp.’s Profit to P760M in 2025

Benguet Corp. posted a 74% jump in net income for 2025, reaching ₱760 million (about $13.8 million). Revenue climbed 38% to ₱3.31 billion (~$60 million), driven by stronger gold and nickel output and higher commodity prices. The company also reported basic earnings per share...

By Philippine Daily Inquirer – Business
ACEN Secures P4.8-B Loan for India Wind Power Project
NewsMar 26, 2026

ACEN Secures P4.8-B Loan for India Wind Power Project

ACEN Corp., the Ayala Group’s energy arm, secured a roughly $86 million (P4.8 billion) loan from Mitsubishi UFJ and Sumitomo Mitsui to fund Phase 1 of its Bijapur wind project in India. The greenfield financing will support 100 MW of capacity slated for commercial operation in...

By Philippine Daily Inquirer – Business
First Gen Bullish on 2026 Amid Geothermal Energy Push
NewsMar 26, 2026

First Gen Bullish on 2026 Amid Geothermal Energy Push

First Gen Corp., the Philippines‑based Lopez Group utility, posted an 8% profit increase in 2025, with attributable recurring net income rising to $264 million and revenue climbing 6% to $906 million. The company now operates 1,700 MW across hydro, geothermal, solar and wind...

By Philippine Daily Inquirer – Business
JG Summit Profit Slides After Quitting Petrochemical Business
NewsMar 26, 2026

JG Summit Profit Slides After Quitting Petrochemical Business

JG Summit Holdings reported a 7% decline in net income to about $650 million for 2025, as one‑off gains vanished and the petrochemical exit triggered a $1.6 billion loss. Recurring profit rose 3% to $574 million, powered by strong travel, leisure and consumer...

By Philippine Daily Inquirer – Business
SM Prime Partners with Government to Ease Metro Manila Commute
NewsMar 26, 2026

SM Prime Partners with Government to Ease Metro Manila Commute

SM Prime Holdings is partnering with Philippine government agencies to turn its malls into transport hubs, easing Metro Manila commuting. The company will invest roughly P300 million (about $5.5 million) in a covered pedestrian bridge linking LRT‑2 Antipolo Station to SM City Masinag,...

By Philippine Daily Inquirer – Business
SM’s Geothermal Energy Arm Revs up Expansion
NewsMar 26, 2026

SM’s Geothermal Energy Arm Revs up Expansion

Philippine Geothermal Production Co. (PGPC), the geothermal arm of SM Investments, announced a P3 billion (~$54 million) funding round to explore six new steamfields across Luzon. Drilling has already started at Mt. Labo and Mt. Malinao, with projects expected to take five...

By Philippine Daily Inquirer – Business
DigiPlus Backs Further Tightening of Gaming Regulations
NewsMar 26, 2026

DigiPlus Backs Further Tightening of Gaming Regulations

DigiPlus Interactive Corp. announced its support for a tighter regulatory framework for the Philippines’ digital entertainment sector, joining a technical working group to draft new legislation. The proposed rules would tighten payment‑channel oversight and impose stricter marketing restrictions to boost...

By Philippine Daily Inquirer – Business
Winter Is Coming. Are We Ready?
NewsMar 24, 2026

Winter Is Coming. Are We Ready?

Henry Ong revisits the Kondratieff long‑wave theory, warning that the Philippines may be entering the “winter” phase of the multi‑decade cycle. He highlights that corporate debt relative to market value has climbed from about 12% in 2007 to roughly 51%...

By Philippine Daily Inquirer – Business
ADB Preps Support for Asia Amid Middle East Conflict
NewsMar 24, 2026

ADB Preps Support for Asia Amid Middle East Conflict

The Asian Development Bank announced a rapid assistance package for its developing member countries to cushion the economic fallout from the Middle East conflict. The plan combines fast‑disbursing budget support through its Counter‑cyclical Support Facility and a Trade and Supply...

By Philippine Daily Inquirer – Business
Metrobank Closes Sustainability Bond Offer
NewsMar 24, 2026

Metrobank Closes Sustainability Bond Offer

Metrobank closed its public offer for the Series F ASEAN Sustainability peso‑denominated bonds a week early, citing strong investor demand. The 1.5‑year bonds carry a fixed 5.4727% coupon and will be listed on the Philippine Dealing & Exchange Corp. on April 14....

By Philippine Daily Inquirer – Business
PXP Energy Turns P561-M Debt Into Forum Shares
NewsMar 24, 2026

PXP Energy Turns P561-M Debt Into Forum Shares

PXP Energy Corp. will exchange roughly ₱561 million (≈ $10 million) of loans for 561 million new common shares in its subsidiary Forum Exploration, Inc., raising Forum Energy Philippines’ ownership to 91.65% from 66.67%. The conversion is intended to shore up Forum Exploration’s balance...

By Philippine Daily Inquirer – Business
SEC, Gov’t Agencies Boost Crackdown on Abusive Lending Practices
NewsMar 24, 2026

SEC, Gov’t Agencies Boost Crackdown on Abusive Lending Practices

The Philippine Securities and Exchange Commission, together with the Department of Information and Communications Technology and the National Privacy Commission, issued a joint advisory tightening compliance for online lending platforms. The directive reinforces the Data Privacy Act and consumer‑protection rules,...

By Philippine Daily Inquirer – Business
Japanese Telco Bags Lease for Poro Point Cable Station
NewsMar 24, 2026

Japanese Telco Bags Lease for Poro Point Cable Station

Japanese telecom operator InfiniVAN has signed a long‑term lease to develop the Poro Point Cable Landing Station in La Union as an open gateway for international subsea cables. The station, part of the Luzon Bypass Infrastructure—a 240‑km fiber corridor linking Baler to...

By Philippine Daily Inquirer – Business
Digital Payments via InstaPay, PESONet Surged 43% in January ’26
NewsMar 24, 2026

Digital Payments via InstaPay, PESONet Surged 43% in January ’26

Philippines’ central bank reported a 43% year‑on‑year jump in digital payments through InstaPay and PESONet, reaching a combined value of roughly $47 billion in January 2026. Transaction volume surged to 688 million, more than triple the previous year’s level. InstaPay alone grew...

By Philippine Daily Inquirer – Business
Cebu Pacific Scales Back Int’l Flights as MidEast War Lifts Fuel Costs
NewsMar 23, 2026

Cebu Pacific Scales Back Int’l Flights as MidEast War Lifts Fuel Costs

Cebu Pacific announced a temporary scaling back of its international network as the Middle East conflict drives jet‑fuel prices to more than double 2025 levels. The airline will suspend Davao‑Bangkok, Iloilo‑Bangkok, Iloilo‑Singapore and Clark‑Hanoi routes through October and trim frequencies...

By Philippine Daily Inquirer – Business
Global Economy Under ‘Major Threat’ From Strait of Hormuz Crisis: IEA Chief
NewsMar 23, 2026

Global Economy Under ‘Major Threat’ From Strait of Hormuz Crisis: IEA Chief

International Energy Agency chief Fatih Birol warned that the ongoing Strait of Hormuz crisis poses a "major threat" to the global economy. The US‑Iran confrontation has nearly halted traffic through the waterway, which carries about 20% of world oil and...

By Philippine Daily Inquirer – Business
PSEi May Retest 6,000 as Global Risks Dampen Sentiment
NewsMar 23, 2026

PSEi May Retest 6,000 as Global Risks Dampen Sentiment

The Philippine Stock Exchange Index slipped to 6,018.62, down 0.67%, as global geopolitical tensions and a hawkish Federal Reserve pause dampen sentiment. Technical analysis shows support at 6,000 and resistance at 6,150, with the index trading below key exponential moving...

By Philippine Daily Inquirer – Business
Robinsons Land Charts Next Phase of Growth with 2026 Pipeline
NewsMar 22, 2026

Robinsons Land Charts Next Phase of Growth with 2026 Pipeline

Robinsons Land Corporation unveiled a 2026 development pipeline that spans malls, offices, hospitality and logistics across Dumaguete, Bacolod, Davao, Pangasinan and Calamba. The plan adds over 57,000 sq m of gross leasable area in mall expansions, introduces new Cybergate office towers, launches...

By Philippine Daily Inquirer – Business
Leadership From the Ground Up
NewsMar 22, 2026

Leadership From the Ground Up

Ana Aluyen, the first female president of Chowking, emphasizes a ground‑up leadership style by regularly working in kitchens and stores to grasp operational realities. Her consumer‑obsessed mindset previously reshaped Panda Express in the Philippines, launching the Everyday Bowl, which now...

By Philippine Daily Inquirer – Business
Rethinking Leadership: The Cost of Ego in the Boardroom
NewsMar 22, 2026

Rethinking Leadership: The Cost of Ego in the Boardroom

Leaders with fragile egos often react defensively to dissent, creating a toxic boardroom culture. The article outlines cognitive errors—reactivity, automatic thinking, overconfidence, and authority bias—that stifle open dialogue and lead to misdiagnosed problems. It quantifies the business cost: loss of...

By Philippine Daily Inquirer – Business