Peso slump eats up Philex profit
The peso’s prolonged weakness is beginning to show its cost on corporate earnings, with Philex Mining Corp. reporting a 77-percent plunge…
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BUSINESS
Business news, markets, economy, and industry coverage from the Philippines — Daily Tribune.
Gasoline rebound erases rollback gains
Motorists could lose nearly 70 percent of their recent fuel savings as gasoline prices are poised to surge by up to P3.20 per liter next…
Power, oil firms on alert for Undas rush
Power producers, grid operators, electricity distributors, and oil companies are on heightened alert to prevent supply disruptions as…
Weak peso drags MVP's PXP deeper into red
PXP Energy Corp. saw its consolidated net loss widen to P40.7 million in the first nine months of 2026 from P39.8 million a year earlier,…
AEV profit inches up despite Q3 plunge
Aboitiz Equity Ventures Inc. (AEV) posted a modest 2-percent increase in net income to P17.8 billion in the first nine months of 2026, as…
MICP customs collections rise 6.42% to P184.33B
The Manila International Container Port (MICP) collected P184.33 billion in customs duties and taxes from January to September 2026, up…
DTI seizes P3.43M in non-compliant products across 4 regions
The Department of Trade and Industry (DTI) confiscated 9,416 non-compliant products worth P3.43 million during enforcement operations…
Bloomberry’s OnlyFun.PH launches celebrity-led gaming feature
Bloomberry Resorts Corp. is expanding its digital gaming portfolio with the launch of FollowBet x VMX Live on its OnlyFun.PH platform,…
DHSUD turns over 190 homes to quake-hit families
The Department of Human Settlements and Urban Development (DHSUD) has turned over 190 housing units to the local government of Caoayan,…
SHFC, TESDA team up to boost housing beneficiaries’ livelihoods
The Social Housing Finance Corporation (SHFC) has partnered with the Technical Education and Skills Development Authority (TESDA) to…
Aboitiz Equity Ventures' nine-month profit rises 2% to P17.8B
Aboitiz Equity Ventures Inc. (AEV) posted a 2 percent increase in net income to P17.8 billion in the first nine months of 2026, driven by…
Asian property developers prioritize capital recycling over asset scale
Major property developers across Asia are increasingly adopting capital-recycling strategies, selling mature assets to fund new investments…
PBBM vows support for local efforts putting Pinoy food in global arena
President Ferdinand Marcos Jr. on Thursday vowed to support Filipino-owned restaurants and chefs who have been pushing Filipino cuisine to…
35 business groups urge removal of budget insertions
Thirty-five business groups have urged Congress to remove budget insertions without technical justification from the proposed P7.2-trillion…
NorthPort gets new yard equipment
NorthPort, the domestic cargo operation of International Container Terminal Services Inc.’s (ICTSI) at the Port of Manila, has recently…
Power bidding rules stifle geothermal growth
Southeast Asia’s geothermal industry faces an uphill battle in attracting fresh investments as electricity procurement rules favor cheaper…
AFC SME to fund home construction
AFC SME Finance Inc. is offering loans of up to P5 million for home construction to those with land but cannot borrow from banks due to…
AboitizPower profit climbs 13% despite coal woes
Aboitiz Power Corp. (AboitizPower) grew its net income by 13 percent to P26.2 billion in the first nine months of the year, as stronger…