Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1859 articles from BusinessWorld
Court should lift wage hike injunction in the absence of bond, labor groups say
THE WRIT blocking Metro Manila’s P60 wage increase should be lifted after the employers who obtained the injunction admitted they could not post the P10-billion bond required by the court, labor leaders said, arguing that the regional trial court (RTC) has no choice but to set aside the writ unless the condition for its issuance is met.
Read more →Analysts question need for economic recovery-focused Senate body
ANALYSTS questioned the need for the Senate’s proposed Reinvigorate Investment and Sustainable Economic Growth (RISE) ad hoc committee, saying its mandate overlaps with existing bodies that already handle economic policy, investment, taxation, trade, infrastructure and public finance.
Read more →Saudel may enter PAR as super typhoon
TYPHOON SAUDEL may enter the Philippine area of responsibility (PAR) as a super typhoon on Monday, while a separate tropical depression near the country’s eastern boundary could also enter the country’s monitoring area, the state weather bureau said. Depending on the movement and intensity of the system, it may enter PAR by Monday morning or […]
Read more →Poverty decline questioned
A LAWMAKER on Sunday slammed the Marcos administration over its presentation of the latest poverty data, questioning the government’s claim of a historic decline in poverty even as more Filipino families reported experiencing hunger and poverty. In a statement, Party-list Rep. Antonio L. Tinio said that the government should not use the Philippine Statistics Authority’s […]
Read more →UNICEF flags lack of child-focused measures in PHL’s crisis response
THE PHILIPPINES has responded to the economic fallout from the Middle East conflict through cash assistance, but the United Nations Children’s Fund (UNICEF) warned that existing measures across the region have yet to specifically address the risks facing children. In its 2026 Asia-Pacific Social Sector Budget and Expenditure Outlook, UNICEF identified the Philippines and Fiji […]
Read more →17 Filipinos confirmed safe after Black Sea attacks
THE DEPARTMENT of Migrant Workers (DMW) on Sunday confirmed the safety of 17 Filipino crew members of a motor vessel in the Black Sea affected by the drone attacks near Novorossiysk, Russia. The DMW announced that the manning agency of M/V Anna S gave the confirmation on Saturday evening, adding that the seafarers received $300 […]
Read more →DepEd told to hasten recruitment
SENATE PRESIDENT Sherwin T. Gatchalian on Sunday called on the Department of Education (DepEd) to expedite its hiring of personnel to fill the newly approved 133 plantilla positions in the agency, including teachers and therapists for learners with disabilities. In a press statement, Mr. Gatchalian said the hiring of staff for the positions senior education […]
Read more →Recto tells public to improve waste disposal practices
THE GOVERNMENT has called on the public to improve waste disposal practices amid efforts to address flooding and solid waste management. “The first line of defense” against flooding and garbage begins in communities, Executive Secretary Ralph G. Recto said in a statement on Sunday, urging local government units (LGUs) to work with the national government. […]
Read more →Police officer, 2 dealers dead in botched gun deal sting
COTABATO CITY — A police officer and two known illegal gun dealers were killed in an entrapment operation in Pagadian City that went awry before dawn on Sunday. Officials of the Police Regional Office 9 (PRO-9) and local executives in Pagadian City separately told reporters at noon on Sunday that Major Aiman Khuzaimah P. Pantaran, […]
Read more →NIA eyes five small reservoir projects in Ilocos Norte
LAOAG CITY — The National Irrigation Administration (NIA) is assessing sites for five proposed small reservoir irrigation projects (SRIPs) in Ilocos Norte as it seeks to expand water access for farmers and boost agricultural production in the northern province. NIA Senior Deputy Administrator Robert C. Suguitan led officials and technical personnel in inspecting the proposed […]
Read more →GOCC subsidy disbursements fall short of H1 target
SUBSIDY DISBURSEMENTS to government-owned and -controlled corporations (GOCCs) failed to hit the targeted total for the first half, leaving nearly two-thirds of the full-year target still undisbursed. The Development Budget Coordination Committee’s quarterly fiscal program indicated that subsidy releases budgeted at P180.41 billion in the first half, comprising P26.84 billion in actual first-quarter disbursements and […]
Read more →Mandate to expand benefits seen weighing on PhilHealth profitability
THE PHILIPPINE Health Insurance Corp. (PhilHealth) said it is unlikely to break even this year as it has been tasked with expanding benefits.
Read more →40 diesel plants face suspension after failing to heed DoE warnings
THE Department of Energy (DoE) is preparing to recommend the suspension of around 40 diesel power plants for failing to act on show-cause orders. “We’ve given them a warning. And we are now in the process of recommending suspension to the ERC (Energy Regulatory Commission),” Energy Secretary Sharon S. Garin said on the sidelines of […]
Read more →Hog, chicken, dairy output rise in second quarter
HOG, CHICKEN, and dairy output rose in the second quarter, according to the Philippine Statistics Authority (PSA). The PSA said hog production in the three months to June rose 5.6% to 412.28 thousand metric tons (MT) on a liveweight basis. The swine inventory as of June 30 declined 1% to 8.93 million head, with 79.3% […]
Read more →Camp John Hay, Fort Bonifacio master plans targeted for completion by fourth quarter
THE Bases Conversion and Development Authority (BCDA) said it expects to complete the master plans for Camp John Hay (CJH) and Bonifacio Global City (BGC) this year. “The publication of the master plan (for CJH) will be around October,” BCDA President and Chief Executive Officer Joshua M. Bingcang told reporters last week. The master plan […]
Read more →Tacloban, Busuanga airport projects attract 6, 7 bidders
SIX AND SEVEN COMPANIES submitted bids to develop and rehabilitate Tacloban and Busuanga airports, respectively, according to the Department of Transportation (DoTr), citing the outcome of a pre-bid conference. Earlier this month, the DoTr opened the bidding for the P1.24-billion worth of contracts for the development and rehabilitation of Tacloban and Busuanga airports. For the […]
Read more →Migration infrastructure: The next competitive advantage
As demographic pressures and artificial intelligence (AI) investment-driven disruption reshape labor markets, attracting and retaining global talent is becoming a critical competitive advantage.
Read more →Gilas faces explosive Harris-led Jordan in Window 4 of WCQ
JORDAN is bringing in the top gun of the FIBA World Cup Asian Qualifiers (WCQ) — Jalen Harris — as it rekindles its old rivalry with Gilas Pilipinas on Friday. Mr. Harris, a former NBA player with the Toronto Raptors, led all scorers in the first round with 27 points per game on a 45.3% […]
Read more →PalawanPay targets physical card rollout in Q4
PalawanPay, the mobile e-wallet application of the Palawan Group of Companies, plans to launch its physical card in the fourth quarter as it expands beyond digital services, according to a company executive. “We’re looking at launching the physical cards later this year. Maybe later early next year, but the goal really is around November, December,” […]
Read more →Poverty rate falls to single-digit in 2025
THE SHARE of Filipinos living in poverty fell to a single-digit rate for the first time in 2025, as the number of poor Filipinos declined by 6.46 million from two years earlier, the Philippine Statistics Authority (PSA) reported on Friday. Preliminary poverty estimates based on the 2025 Family Income and Expenditure Survey showed that poverty […]
Read more →One Meralco Foundation extends immediate relief to Habagat-hit communities
In the wake of heavy southwest monsoon rains (Habagat), Manuel V. Pangilinan-led Manila Electric Company (Meralco) and its corporate social responsibility arm, One Meralco Foundation (OMF) together with the local government partners, mobilized rapid disaster response operations across different communities in Bulacan and Cavite. With severe flooding and high tides disrupting their daily lives and rendering roads impassable, families find it […]
Read more →BoP swings to $1.5-B deficit in July
THE Philippines’ balance of payments (BoP) position swung to a deficit for the first time in three months in July, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Read more →Moody’s: ProGRESS bill could risk delaying fiscal consolidation
THE National Government’s proposed tax reforms, if enacted, risk further delaying the country’s fiscal consolidation, especially given its widening budget deficit and record debt-to-gross domestic product (GDP) ratio, Moody’s Ratings said.
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