Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
320 articles from BusinessWorld
CPBRD: Funding gap limits aid for Pinoys
THE PHILIPPINES’ widening funding shortfall and rising debt are limiting the government’s ability to provide adequate financial assistance to millions of households hit by the Middle East oil crisis, according to a June discussion paper by the Congressional Policy and Budget Research Department (CPBRD) of the House of Representatives. The government’s strained fiscal position limits […]
Read more →Marcos sticks to Canada travel plan
PRESIDENT Ferdinand R. Marcos, Jr. will proceed with his scheduled visit to Canada to bolster bilateral relations and secure new agreements in critical economic sectors, Malacañang said on Wednesday. Palace Press Officer Clarissa A. Castro said the President sees no reason to postpone the trip scheduled for July 1 to 4, amid rumors of destabilization […]
Read more →Estrada, Bonoan graft hearing reset
THE Sandiganbayan on Wednesday reset to July 14 the proceedings of the graft case against Senator Jose “Jinggoy” P. Ejercito Estrada, Jr. and former Public Works Secretary Manuel M. Bonoan amid plans to name the latter a state witness. The case before the anti-graft court’s Second Division stems from allegations of irregularities in P213 million […]
Read more →Myanmar urged to free ex-leader
THE Department of Foreign Affairs (DFA) on Wednesday renewed its push for the release of Burmese prisoner Daw Aung San Suu Kyi as Myanmar rejected the Philippine special envoy’s bid to meet the detained former leader. In a statement sent via WhatsApp, Association of Southeast Asian Nations (ASEAN) Spokesperson Dominic Xavier M. Imperial said Secretary […]
Read more →PHL extends Taiwan visa policy
THE Manila Economic and Cultural Office (MECO) on Tuesday evening announced that the Philippines has extended the visa-free entry for Taiwan passport holders until 2027 to observe reciprocity in visa-free privileges with the said country. In an advisory, the MECO said Taiwan passport holders may stay in the Philippines for 14 days without visa until […]
Read more →Angat Dam water level slightly declines amid critical operating level
The water level of Angat Dam slightly declined on Wednesday as it continued to operate below its critical level, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). The dam’s water level fell by 0.05 meters (m) to 159.90m from 159.95m on Tuesday, PAGASA said in its 8 a.m. dam water level update. […]
Read more →LPA develops into Tropical Depression Henry; gale-force winds to hit nearly 10 areas — PAGASA
The low pressure area (LPA) being monitored over the past few days developed into Tropical Depression Henry, which is expected to bring strong to gale-force winds to nearly 10 areas in Luzon, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Wednesday. In an 11:00 a.m. press briefing, PAGASA said the LPA […]
Read more →BFAR cites innovations, responsive service for fisherfolk at 79th anniversary celebration
The Bureau of Fisheries and Aquatic Resources (BFAR) put the spotlight on its innovative programs and rapid response to the needs of Filipino fisherfolk as it marked its 79th anniversary. Themed “Ahensiyang Aksyon Agad,” BFAR’s celebration focused on concrete interventions designed to protect fishing communities across the country from rising production costs and environmental challenges. “BFAR is an […]
Read more →Metro Manila gets P85 daily wage hike
THE DAILY minimum wage in Metro Manila will increase to P780 by January 2027 after the Regional Tripartite Wages and Productivity Board-National Capital Region approved an P85 increase to be implemented in two phases, Labor Secretary Francis N. Tolentino announced on Tuesday.
Read more →Trade deficit balloons in May as imports jump
THE Philippines’ trade-in-goods deficit widened to $5.48 billion in May from a year ago, as imports grew faster than exports, according to the statistics agency.
Read more →BSP expects June inflation at 6-7%
PHILIPPINE INFLATION likely accelerated to as high as 7% in June, as rising electricity rates and higher vegetable prices offset declines in oil and other key food items, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday. In its month-ahead inflation forecast, the BSP said inflation likely settled at 6% to 7% in June, faster […]
Read more →Slowing remittance growth seen to weigh on consumption
HOUSEHOLD CONSUMPTION in the Philippines could moderate even more as remittance growth slows amid the conflict in the Middle East, according to ING Bank N.V.
Read more →Meralco sees core profit topping P50.6B this year on power, retail supply growth
MANILA ELECTRIC Co. (Meralco) expects its full-year earnings to surpass last year’s record core net income of P50.6 billion, driven by higher electricity sales, growing contributions from its power generation business, and continued expansion of its retail electricity supply (RES) operations.
Read more →Century Pacific stands by P8-9B capex amid headwinds
CENTURY PACIFIC FOOD, Inc. (CNPF) is maintaining its P8-billion to P9-billion capital expenditure (capex) program this year despite weaker consumer confidence, higher operating costs, and geopolitical uncertainties, as the listed food manufacturer bets on sustained demand for affordable food and continued strength in its export business. “Our capex this year is about P8-9 billion, and […]
Read more →Distilling emotion with the textures and colors of nature
FOR Erikson Arcilla, his recent stint at Art Fair Philippines — where he presented meditative oil paintings of moss growing on rock formations — affirmed that he was heading in the right direction.
Read more →Arthaland Corp. bets on premium residential recovery with Makati launch
ARTHALAND CORP. is betting on a recovery in the premium residential market as it launched Sondris, a luxury condominium development in Makati in partnership with Mitsui Fudosan (Asia), extending a collaboration that has spanned more than a decade. The project combines Arthaland’s focus on sustainable development with the Japanese property firm’s expertise in efficient urban […]
Read more →Brown Madonna: Excessive, erotic, ecstatic
IT TOOK eight years of research, performance, collaboration, and personal excavation for contemporary dance artist Ea Torrado to finally stage her full-length dance theater piece Brown Madonna, which tackles the terrains of Filipina identity, motherhood, labor, class, memory, Catholic iconography, and queer sensuality. The deeply personal work, described as “part ritual and part spectacle,” will […]
Read more →Bond yields go down as oil’s drop eases inflation worries
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday at a lower average yield as the drop in oil prices amid news of efforts to come up with a peace deal to end the Middle East conflict eased inflation concerns. The Bureau of the Treasury (BTr) borrowed P30 […]
Read more →Metro Pacific Health expands to 31 hospitals with Batangas deal
METRO PACIFIC Health Corp. (MPH), the healthcare arm of Metro Pacific Investments Corp. (MPIC), has completed its investment in First United 23, Inc., the operator of two hospitals in Batangas, expanding its nationwide network to 31 hospitals. The transaction marks MPH’s 19th and 20th provincial hospital partnerships and its first in Batangas, completing the company’s […]
Read more →Arts & Culture (07/01/26)
THE Filipinas Heritage Library, with support from the Toshiba International Foundation, will present Between Two Worlds: A Philippine Diary, 80 Years Ago — by Shinichi Komatsu from July 2 to Aug. 16 at the Ayala Museum as part of the 70th anniversary of Philippines-Japan diplomatic relations.
Read more →PHL posts net hot money inflow in May
FOREIGN portfolio investments (FPI) yielded a net inflow in May following two straight months of outflows amid improving risk appetite, preliminary central bank data showed. Transactions on foreign investments registered with the Bangko Sentral ng Pilipinas (BSP) through authorized agent banks yielded a net inflow of $232.46 million in May, down from the $600.77-million net […]
Read more →Long-term solution to El Niño
Once again, the Philippines — together with all the economies along the Pacific Rim — are faced with the threat of El Niño, the natural climate phenomenon that occurs when the surface waters of the central and eastern Pacific Ocean become unusually warm for an extended period.
Read more →AboitizPower energizes 92.55-MWp Pangasinan solar farm
ABOITIZ POWER CORP. (AboitizPower) has energized its 92.55-megawatt-peak (MWp) San Manuel Solar Power Plant in Pangasinan, expanding its renewable energy portfolio and adding capacity to the Luzon grid. The facility, developed by Aboitiz Renewables, Inc., the company’s renewable energy arm, has begun delivering electricity to the Luzon grid, AboitizPower said in a statement on Tuesday. […]
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