Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
8152 articles across all sources
Tax perks for athletes with global wins hurdles panel
A HOUSE of Representatives panel on Wednesday approved a measure seeking to exempt Filipino national athletes and coaches from taxes on rewards and incentives they receive from international sports competition. In a statement, Leyte Rep. Richard I. Gomez said that the House Committee on Ways and Means approved the tax provision under a substitute bill […]
Read more →DICT pushes stronger regional action vs digital threats
THE Department of Information and Communications Technology (DICT) said it is pushing for stronger regional action against harmful content, online scams and rising digital threats. “The Philippines cannot deal with these challenges alone, and neither can any ASEAN (Association of Southeast Asian Nations) member state. What we achieved in Singapore shows that engagement can produce […]
Read more →ARTA seeks single business ID to cut permitting delays
THE Anti-Red Tape Authority (ARTA) said it is working on the establishment of a single business identifier to be used across government transactions to help streamline business permitting. In a statement on Wednesday, ARTA said this aligns with the Department of Economy, Planning and Development’s (DEPDev) recommendation to institutionalize the Unique Business Identification Number (UBIN). […]
Read more →Gokongwei Brothers Foundation invests in classrooms, teachers
Gokongwei Brothers Foundation (GBF) said on Wednesday that it banks on classrooms and teachers to help address current gaps in the education sector. “We have always believed that education is one of the most powerful ways to transform lives. It opens doors to opportunity, helps individuals realize their potential,” GBF Chairman Lance Y. Gokongwei said […]
Read more →PHL shares fall as peso slides to new all-time low
PHILIPPINE SHARES closed lower on Wednesday as the peso finished at a new record low amid renewed inflation concerns, with reignited hostilities between the United States and Iran pushing up global oil prices. The Philippine Stock Exchange index (PSEi) dropped by 0.67% or 40.66 points to close at 6,053.23, while the broader all shares index […]
Read more →Vietnam ASF vaccine cleared for commercial sale
THE Department of Agriculture (DA) said on Wednesday that the Bureau of Animal Industry (BAI) approved the commercial sale of AVAC ASF LIVE, the first African Swine Fever (ASF) vaccine. Developed by AVAC Vietnam Joint Stock Co., AVAC ASF LIVE is a live, attenuated, gene-deleted, and freeze-dried vaccine designed to protect pigs from the ASF […]
Read more →Hotel association projecting 40,000 new rooms over 5 years
THE hotel industry is expected to expand by 40,000 rooms across 150 hospitality projects over the next five years, the Philippine Hotel Owners Association (PHOA) said. “In the next five years, we’re expecting over 150 hotel projects to be rolled out. That will add another 40,000 rooms,” PHOA Executive Director Benito C. Bengzon, Jr. said […]
Read more →PHL has potential to again become Nissan’s leading market in ASEAN
NISSAN MOTOR Co., Ltd. said the Philippines could retain its top spot in the ASEAN market in vehicle sales, driven by growing interest in electrified models. “In the ASEAN market, the Philippines is number two, but it has the potential to rise to number one,” Nissan ASEAN and Thailand President Masao Tsutsumi said at a […]
Read more →Photonics company Coherent seeking to expand Philippine manufacturing operation
THE Philippine Economic Zone Authority (PEZA) said Coherent II-VI Laser Enterprise Phils., Inc. is looking to expand its Philippine manufacturing operation. PEZA cited Coherent’s plans to “strengthen the Philippines’ role in the global supply chain for photonics, optical communications, advanced materials, and semiconductor-related technologies.” Coherent has invested about P1.7 billion in its Philippine operations as […]
Read more →Business name registrations down 13% in August
BUSINESS NAME registrations in August declined 13.3% year on year to 64,331, the Department of Trade and Industry (DTI) said. According to the DTI’s business name registration system, 57,783 were new registrations, while 6,548 were renewals. Month on month, business name registrations in August declined 20.68% from July. Some 57,193 registrations recorded during the month […]
Read more →Sugar outlook clouded by weather, pest infestation
THE Sugar Regulatory Administration (SRA) said it expects sugar production and exports to drop this year due to floods in the Negros Island Region, dry spells, and the infestation of the red-striped soft scale insect (RSSI). Speaking on the sidelines of the Department of Agriculture’s budget hearing at the House of Representatives, SRA Administrator Pablo […]
Read more →BIR, BoC on pace to hit targets as of August
THE Bureau of Internal Revenue (BIR) and the Bureau of Customs (BoC) are on track to meet their revenue targets this year, the Department of Finance said. Finance Undersecretary Rolando T. Ligon, Jr. said the agencies remained on track on their revenue goals as of the end of August. “The BoC has an excess of […]
Read more →NDC says access to Manila Golf by Roque ‘facilitates official functions’
THE National Development Co. (NDC) said its Manila Golf and Country Club (MGCC) membership is a state asset used by the Secretary of Trade and Industry to facilitate official functions. The company’s membership “facilitates the performance of official functions and may provide a venue for meetings and engagements with business leaders, investors, and other stakeholders […]
Read more →Public trust and the promise of tax audit reform
During a recent visit to a BIR office, a sign caught my eye: “Public office is a public trust. Public officers and employees must at all times be accountable to the people, serve them with utmost responsibility, integrity, loyalty, and efficiency, act with patriotism and justice, and lead modest lives.” The statement felt deeply familiar. […]
Read more →VAT on system loss may be removed by November – ERC
The Department of Energy says reducing or eliminating the system loss charge itself will take time, requiring a phased program and billions of pesos in investments
Read more →DOE: Only 0.3% collected from P24 billion in penalties vs Leviste’s Solar Philippines
Energy Secretary Sharon Garin says the government is pursuing legal action to recover expired performance bonds
Read more →Fibocom Launches RU311 5G RedCap Module Series for Streamlined 5G Upgrades in Mid-Tier IoT
SHENZHEN, China, Sept. 2, 2026 /PRNewswire/ -- For many IoT devices, upgrading to 5G is not simply about achieving higher bandwidth. Industrial gateways, security and surveillance systems, aftermarket automotive applications, energy applications and MiFi devices often have different priorities. Reliable connectivity, power efficiency, cost and product development efficiency can matter just as much. Fibocom launches the RU311 5G RedCap module series, providing a lightweight upgrade path from 4G C
Read more →China-aided Laos’ first integrated photovoltaic-storage-charging "zero-carbon library” opens
HANGZHOU, China, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Laos’ first zero-carbon library, built with support from Zhejiang Electric Power Corporation, officially opened at Luang Prabang Peace Secondary School on August 29. The library integrates solar power, energy storage and charging facilities, bringing a green energy solution to the school. This "green gift" from Zhejiang also carries special significance, coming in the 65th anniversary year of China-Laos diplomatic relations and the jointly decl
Read more →Novonesis to build next generation enzyme production facility in India
Novonesis will invest €600 million to expand its site in Patalganga and build a state-of-the-art facility. This marks another step in the company's long-term growth strategy and continued investment in its global production footprint to meet increasing demand. COPENHAGEN, Denmark - September 2, 2026. Novonesis will expand its facility in Patalganga and build one of the world’s most advanced enzyme production facilities. The €600 million investment will increase Novonesis’ production capacity to
Read more →Multipli’s $MULT Community Sale Oversubscribed on Sonar as Protocol Crosses $500M+ in TVL
Community demand for Multipli’s RWA yield and collateralization infrastructure pushed total commitments by 165% DUBAI, United Arab Emirates, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Multipli, an RWA yield and collateralization infrastructure protocol backed by Pantera Capital, Spartan Group and Coinbase Ventures, announced that its $MULT community sale on Sonar by Coinbase was oversubscribed by more than 1.6x. The sale received approximately $1.65 million in total commitments against a target raise of
Read more →ASUS Showcases ProArt PCs Powered by NVIDIA RTX Spark at IFA 2026
New ProArt P16, P14 and GR1X bring next-generation AI performance, agentic AI workflows, with hands-on experiences at the ASUS IFA Media Showroom KEY POINTS Powered by NVIDIA RTX Spark™: ASUS introduces ProArt P16 & P14 Laptops and GR1X Mini PC, the world’s first Windows PC built for personal agents, with up to 128GB of unified memory.Built for AI-powered creators and developers: RTX Spark enables up to 120B-parameter LLM, 90GB+ 3D scenes rendering, and 4K AI video generation.ASUS ProArt for age
Read more →Global Talent Summit Week Returns to Hong Kong March 18-19, Featuring Nobel Laureate, President of Peking University and SenseTime Co-founder
Focusing on talent ecosystem in the AI-era, reinforcing Hong Kong’s position as Asia’s Premier International talent hub HONG KONG SAR - Media OutReach Newswire - 4 March 2026 - The Labour and Welfare Bureau of the Government of the Hong Kong Special Administrative Region, in collaboration with Hong Kong Talent Engage (HKTE), will host the Global Talent Summit Week (GTS Week) in mid-March. Anchored by the integration of education, technology and talents, the mega talent event will foster regional
Read more →Despite nationwide basic stroke treatment coverage, delays accessing advanced stroke care in Vietnam vary by region, new report finds
Patients in Vietnam's Southwest region and Mekong Delta can travel up to ten hours for advanced stroke care; Vietnamese experts point to a public-private model in Can Tho as a way to close that gap. HO CHI MINH CITY, Vietnam, Sept. 2, 2026 /PRNewswire/ -- Delays occurring before patients reach advanced stroke centres remain a major barrier to timely treatment, with access varying significantly by region, according to a new report, Strengthening Stroke System Readiness Across ASEAN, unveiled toda
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