Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
8636 articles across all sources
Agri trade deficit expected to widen — SINAG
THE Samahang Industriya ng Agrikultura (SINAG) said the agricultural trade deficit is expected to widen further in the next few months from the $1.06 billion posted in June. Citing the Philippine Statistics Authority (PSA), SINAG Executive Director Jayson H. Cainglet said record imports of rice, pork, and chicken this year could lead to the expansion […]
Read more →Inflation from tax cuts can be offset by raising output — DEPDev
THE Department of Economy, Planning, and Development (DEPDev) said any inflationary effects of the proposed Promoting Growth, Revenue, and Equity towards Socio-economic Sustainability (ProGRESS) tax package can be neutralized if households have sufficient goods to purchase.
Read more →Chipmakers tout Pax Silica as opportunity to upgrade industry
THE Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said the proposed artificial intelligence (AI)-native hub in Central Luzon being built under the Pax Silica initiative represents an opportunity to break into advanced manufacturing and other higher-level activities In a statement, the group said Philippine participation in Pax Silica is a “strategic opportunity […]
Read more →House panel passes higher tax-free income threshold, small-business MCIT removal
THE House of Representatives Committee on Ways and Means approved measures raising the income threshold eligible for tax-free treatment to P350,000 from P250,000 and discontinuing the 2% minimum corporate income tax (MCIT) for micro and small businesses. House Bill (HB) No. 10345 seeks to amend Section 24 of the National Internal Revenue Code by restructuring […]
Read more →PHL obtains $600-M healthcare grant from US
THE PHILIPPINES obtained a $600-million grant from the US to expand access to quality healthcare and strengthen the system’s resilience against public health threats, the Department of Finance (DoF) said. In a statement on Monday, the DoF said the Strategic Objective Grant Agreement (SOAG) for Integrated and Sustainable Health Systems in the Philippines supports efforts […]
Read more →PCCI urges immediate signing of JAO to address port congestion, high logistics costs
THE Philippine Chamber of Commerce and Industry (PCCI) called for the immediate signing of the joint administrative order (JAO) that will establish a framework to help ease port congestion and regulate cargo handling charges. In a statement on Monday, the PCCI said the JAO will address the high logistics costs, non-transparent ancillary charges, and recurring […]
Read more →PHL well-stocked with food as El Niño looms — DA
AGRICULTURE Secretary Francisco P. Tiu Laurel, Jr. said food stocks are ample ahead of the El Niño event expected later this year, while crop production is being optimized and assistance to affected farmers is being readied. In an interview on the Money Talks with Cathy Yang on One News program on Monday, Mr. Laurel said inventories […]
Read more →Upholding due process in BIR tax assessments
Taxation is one of the inherent powers of the State. The famous dictum of the US Supreme Court Chief Justice John Marshall in McCulloch v. Maryland that “the power to tax involves the power to destroy” has long illustrated the breadth of the taxing power of the State. Taxes are the lifeblood of the government […]
Read more →Inside Mitsubishi’s long-term P7-B bet on PH-made hybrid vehicles
Mitsubishi is also betting that its decades-old brand loyalty and established customer base can hold their own against newer rivals such as BYD, as it targets a 20% market share this year
Read more →Gasoline, diesel prices down by over P4 this week
Bigger oil price rollback is expected this week.
Read more →Ramon Ang buys his way into Lopez Inc., which owns what he already builds
So far, what has actually changed hands is one family branch’s stake in the private company at the very top of the Lopez empire. Whether it leads to a direct ABS-CBN rescue is a question about what Ang, and the Lopez family, do next.
Read more →Affected people climb to 1.3 million due to recent bad weather; relief provided reaches P39 million — DSWD
The Department of Social Welfare and Development (DSWD) on Monday said more than 1.3 million people have been affected by the southwest monsoon and tropical cyclones Luis and Maymay, with a total of P39.37 million in humanitarian assistance already provided. DSWD Secretary Rexlon T. Gatchalian cited the figures during a Palace press briefing, where he […]
Read more →WATCH: No Balintawak floods- Artes
MMDA Chairman Don Artes clarified that no flooding was observed in the Balintawak area, dispelling videos circulating online. Artes advised the public to be wary of false information about flooding.
Read more →Who is the contractor?
DPWH Secretary Vince Dizon said they need to identify the contractor behind the collapsed Forbes Park wall to exact accountability. On Saturday, Dizon said the wall that fell was built with substandard materials. The collapsed wall occupied 2 lanes of the northbound side of EDSA, which caused traffic.
Read more →WATCH: Ombudsman visits Cebu
DPWH Secretary Vince Dizon said they need to identify the contractor behind the collapsed Forbes Park wall to exact accountability. On Saturday, Dizon said the wall that fell was built with substandard materials. The collapsed wall occupied 2 lanes of the northbound side of EDSA, which caused traffic.
Read more →Oculis Signs Asset Purchase Agreement with Accure Therapeutics for Lead Candidate, Privosegtor, Fortifying Oculis’ Position as an Emerging Leading Neuro-Ophthalmology Company
Transaction will enhance Oculis’ strategic flexibility and ownership of Privosegtor while driving long-term value creationTransaction consideration includes $3.8 million up-front cash payment at closing and up to 2,050,000 Oculis ordinary shares subject to lockup release over a period of up to 2 years, or vesting upon achievement of development and regulatory milestonesPrivosegtor, a neuroprotective drug candidate, is currently being investigated in registrational trials with initial indications
Read more →Novonesis to acquire remaining share of MicroBioGen to strengthen yeast capabilities
Novonesis to acquire remaining share of MicroBioGen to strengthen yeast capabilities COPENHAGEN, Denmark, August 10 - Novonesis has signed an agreement with the intent to acquire MicroBioGen, an Australian biotechnology company with leading scientific expertise in yeast strains for industrial applications, particularly in bioethanol. The acquisition builds on Novonesis’ 2013 investment in MicroBioGen and its current 23% stake, further strengthening a decade-long collaboration in advanced yeast s
Read more →Storebrand Europe Index - announcement of prospectus
Lysaker, 10 August 2026 Storebrand hereby announces the Prospectus with Articles of AssociationAppendix to the Prospectus ("tillæg” relevant to Danish investors) for Storebrand Europe Index, an index aware equity fund. The fund has been accepted for listing at Nasdaq Copenhagen and is scheduled for trading on Wednesday 12 August 2026. At end of business on 7 August 2026 the fund had the following diversification characteristics for the shareclass to be listed, Storebrand Europe Index A5 - ISIN N
Read more →SM Retail helps move Philippine retail forward at the 32nd National Retail Conference and Expo
As the Philippine Retailers Association (PRA) marked its 50th anniversary, SM Retail continued to play a key role in shaping the future of the industry as the exclusive Diamond Sponsor of PRA’s 32nd National Retail Conference and Expo (NRCE) last Aug. 6–7, 2026 at the SMX Convention Center Manila. For SM Retail, this year’s conference […]
Read more →New ReSound Sensia™ hearing aids lift the voice you want to hear - not just the loudest
Automatically, accurately, proven. BALLERUP, Denmark, Aug. 10, 2026 /PRNewswire/ -- GN, a global leader in hearing technology, announces ReSound Sensia™, a new family of premium hearing aids built on the company's new AI platform. ReSound Sensia combines the world's most accurate environmental classifier, an advanced 4-microphone directional beamformer and Deep Neural Network (DNN) noise reduction to automatically lift the speech the user wants to focus on. This powerful combination of technolog
Read more →Castro laughs off VP statement that Marcos is pro-China
MANILA, Philippines — Presidential Communications Office Undersecretary Claire Castro said Vice President Sara Duterte's remark that President Ferdinand Marcos Jr. could be "pro-China" was laughable. She made the statement after Duterte challenged Defense Secretary Gilberto Teodoro Jr. to produce a list of officials accused of defending China, arguing that without specific names, even President Marcos could fall under public suspicion. "I laughed," Castro told The Manila Times. "I don't kn
Read more →Global Power Solutions signs non-binding LOI with SolarZone Energy for potential deployment of modular power systems
Vancouver, BC, Canada, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Global Power Solutions Corp. (TSX Venture Exchange: PWER; Frankfurt Stock Exchanges: NJA) ("Global Power” or the "Company”) is pleased to announce that it has entered into a non-binding letter of intent (the "LOI”) with Solar Zone LLC, operating as SolarZone Energy ("SolarZone”), to evaluate the potential deployment of Global Power’s proposed 5 megawatt ("MW”) modular decentralized power systems across multiple sites in the United States.
Read more →Percona Live Amsterdam Brings Community Together Around Future For Open Source Databases
Engineers, database leaders and developers cover range of open source projects that underpin critical applications at scale RALEIGH, N.C., Aug. 10, 2026 (GLOBE NEWSWIRE) -- Percona, a global leader in enterprise-grade open source database software and services, will host Percona Live in Amsterdam from September 9 - 11, 2026. Percona Live Amsterdam brings together innovators, architects and developers to discuss emerging technologies and approaches around data at the largest independent open sour
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