Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2093 articles across all sources
Canada BPO NQX planning P630-M expansion of facility in Taytay, Rizal
NQX, a Canadian business process outsourcing (BPO) company, is planning a P632-million expansion in Taytay, Rizal, the Department of Trade and Industry (DTI) said. The expansion is expected to create 725 new jobs in Taytay, the DTI said in a statement on Monday. NQX is also considering sites in Laoag City, Dagupan City, or Legazpi […]
Read more →ODA projects to be fast-tracked before concessional loans dry up — Balisacan
THE GOVERNMENT will fast-track the approval of official development assistance (ODA)-funded projects over the next three years to maximize access to concessional financing following the Philippines’ elevation to upper-middle income country (UMIC) status, economic planners said. Economy Secretary Arsenio M. Balisacan said the Philippines will continue to qualify for some concessional loans for the time […]
Read more →PEZA expects UMIC status to help PHL climb value ladder in manufacturing, AI investments
THE Philippine Economic Zone Authority (PEZA) said achieving upper-middle income country (UMIC) status is expected to create opportunities to attract higher-value investments to its economic zones (ecozones). In a statement, PEZA said UMIC can help improve investor perceptions, thereby attracting “more high-value, technology-driven, and innovation-intensive investments in sectors such as advanced manufacturing, semiconductors, electronics, green […]
Read more →Industry Shared Services Centre registered as PEZA IT enterprise
THE Philippine Economic Zone Authority (PEZA) said it signed a registration agreement with Industry Shared Services Centre, Inc., certifying it as a new information technology (IT) enterprise. “Under the agreement, the company will establish and operate its registered IT Enterprise at McArthur Highway, Matina IT Park, Davao City, Davao del Sur,” PEZA said in a […]
Read more →PHL, Denmark sign development financing deal
THE Philippines entered into a partnership with Denmark with the aim of mobilizing financing for priority development programs, the Department of Finance (DoF) said. In a statement on Monday, the DoF said the memorandum of understanding promotes financial and developmental cooperation. Signing for Denmark was Ambassador Franz-Michael Skjold Mellbin. “We see this partnership as an […]
Read more →Sugarcane pest infestation recedes in Luzon
THE Sugar Regulatory Administration (SRA) said 233.42 hectares (ha) planted to sugarcane on Luzon were infested by the red-striped soft scale insect this year, down 85.2% from a year earlier. The infestation was detected on 151 ha of Batangas farmland, followed by Tarlac (60.42 ha), Camarines Sur (13 ha), and Isabela (9 ha). SRA officials […]
Read more →Exporters urged to bundle shipments as workaround to EU e-commerce rules
THE Department of Trade and Industry (DTI) said exporters need to consider bundling their shipments to the European Union (EU) as a workaround to new duties and compliance requirements for electronic commerce (e-commerce) shipments. “Philippine exporters are advised to assess the potential impact of these measures on their pricing structures, logistics arrangements, and customs compliance […]
Read more →Energy dep’t receives no response from 121 GenCos issued show-cause orders
SOME 121 power generation companies (GenCos) have not responded to show-cause orders (SCOs) issued by the Department of Energy (DoE), which is currently exploring further investigation and potential penalties. At a briefing on Monday, Energy Secretary Sharon S. Garin said the DoE sent SCOs to 203 generation companies but received replies from a little over […]
Read more →The real cost of e-invoicing: Are Philippine businesses ready?
Every year, Wimbledon undergoes a transformation that is almost invisible to casual spectators. The grass is meticulously maintained, and the courts prepared to exacting standards long before the first serve is struck. By the time players step onto Centre Court, the preparations for the tournament are basically invisible. Businesses often experience compliance in much the […]
Read more →Philippines races to lock in cheaper loans after upper-middle-income upgrade
The government also plans to give priority to new social sector projects over new infrastructure proposals, while expediting spending for infrastructure projects already underway
Read more →Share buybacks in Ericsson during the period June 29 - July 3, 2026
STOCKHOLM, July 6, 2026 /PRNewswire/ -- During the period June 29 - July 3, 2026, Telefonaktiebolaget LM Ericsson (publ) ("Ericsson") (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows: Date Aggregated daily volume (number of shares) Weighted average share price per day (SEK) Total daily transaction value (SEK) 29/06/2026400,000107.233542,893,400.0030/06/2026500,000108.630954,315,450.0001/07/2026800,000106.226284,980,960.0002/07/2026800,000106.558985,2
Read more →Eddid Financial, Ant Digital Technologies, and SageRock Capital Sign MOU to Jointly Advance Hong Kong's New Energy and Blockchain Finance Development
HONG KONG, July 6, 2026 /PRNewswire/ -- Eddid Financial, a leading fintech-driven financial services group; Ant Digital Technologies, a global leader in technology infrastructure; and SageRock Capital ("SageRock"), which integrates traditional finance with blockchain financial innovation, today jointly announced that the three parties have formally signed a Memorandum of Understanding (MOU), establishing a partnership focused on the new energy and blockchain sectors, working together to help Hon
Read more →Traveloka Launches 7.7 Epic Sale in Vietnam: Flat Prices from 777,000 VND, Up to 50% Off Sitewide, and Buy 1 Get 1 on Hotels and Activities
HO CHI MINH CITY and HANOI, Vietnam, July 6, 2026 /PRNewswire/ -- Traveloka, Southeast Asia's all-in-one travel tech platform, today launched its 7.7 Epic Sale, a region-wide campaign running 6 to 10 July 2026. The annual double-date sale offers travellers discounts across flights, hotels, and activities, with the biggest savings landing on the 7 July peak day. In Vietnam, the sale features flat-price flights from 777,000 VND, up to 50% off sitewide, and Buy 1 Get 1 deals on hotels and activitie
Read more →DOE: Diesel, kerosene prices may rise by over P1 per liter
DOE says diesel and kerosene prices may rise by more than P1 per liter this week.
Read more →Astex Announces Exclusive Research Collaboration and License Agreement with Genentech for Breast Cancer Therapy Program
Collaboration leverages Astex’s industry-leading, fragment-based drug discovery capability to targeta key cell-cycle-dependent regulator in breast cancerAstex to receive an upfront and potential milestone payments, totalling more than $490 million as well as tiered royalties on net sales CAMBRIDGE, United Kingdom, July 06, 2026 (GLOBE NEWSWIRE) -- Astex Pharmaceuticals ("Astex”), a pharmaceutical company dedicated to the discovery and development of novel small molecule therapeutics for oncology
Read more →Eddid Financial Announces Brand Upgrade
Minimalist Identity to Lead the New Era of Fintech Hong Kong, July 6, 2026 /PRNewswire/ -- Eddid Financial(the "Group") today announced a comprehensive upgrade of its visual identity system, headlined by the debut of a new corporate logo. This brand evolution marks a pivotal milestone in the Group's digital transformation and fintech journey. By adopting a more agile, modern, and client-centric international image, Eddid Financial aims to solidify its position as a pioneer in integrating traditi
Read more →D-Link Brings Advanced AI Fall Detection and Privacy Protection to Home Elderly Care with the New DCS-8610 Wi-Fi Camera
Advanced technologies traditionally found in expensive professional surveillance systems are now available in an affordable smart home camera designed to protect both safety and dignity. TAIPEI, July 6, 2026 /PRNewswire/ -- D-Link Corporation today announced the global launch of the DCS-8610 2.5K QHD Pan & Tilt Pro Wi-Fi Camera. Guided by the vision to help families "See Smarter, Live Safer," this sophisticated camera brings advanced AI capabilities, historically confined to expensive commercial
Read more →New Beko research reveals eight in ten fans miss key sporting moments as matchday
Summer sport is turning the kitchen into the heart of home hosting, with fridges, ovens and freezers helping to prep food and drinks while guests stay focused on the game. ISTANBUL, July 6, 2026 /PRNewswire/ -- Beko, Europe's leading home appliances company, has announced a new study showing that as more fans gather at home to watch live sport, appliances are doing the heavy lifting behind the scenes. From kick-off to clean up, the right appliances make hosting feel easier, less stressful and mo
Read more →HeyMax Launches HeyMax First -- the World's First Miles-Upfront Membership That Let Travellers Fly Now and Earn Later
Members receive up to one million miles upfront to book their dream flight today, then earn the miles back at their own pace - no deadline, no penalties. All first-year membership fees are waived at launch. SINGAPORE, July 6, 2026 /PRNewswire/ -- HeyMax, the Singapore-born AI-powered loyalty and travel rewards platform, today officially launched HeyMax First, the world's first miles-upfront membership programme, to all customers. HeyMax First flips the decades-old loyalty model on its head: inst
Read more →The Philippines is now upper-middle income. Why doesn’t it feel that way?
After hitting this milestone, the country’s chief economist says the challenge is now both 'making the growth faster' and 'more inclusive so that poverty reduction can be faster'
Read more →New Crypto Pepeto Nears Binance Listing After Shiba Inu Playbook While Cardano Price Prediction Eyes $9.59
DUBAI, United Arab Emirates, July 06, 2026 (GLOBE NEWSWIRE) -- The new crypto Pepeto secured its live CoinMarketCap page, a milestone that history says arrives only days ahead of a top exchange listing, since these pages never go live unless the debut is close. The timing matches the cross chain bridge moving into its next phase, and together the two signals put a Binance listing nearer than anything the team has said publicly. Money is flooding in as buyers race to secure entries in what many n
Read more →Offentliggørelse af prospekter, Investeringsforeningen Wealth Invest
Hermed offentliggøres ajourførte prospekter for Coop-afdelingerne, SEB-afdelingerne og Othania-afdelingerne i Investeringsforeningen Wealth Invest. Prospektet for Coop-afdelingerne offentliggøres som følge af, at afdelingerne er blevet overflyttet fra Investeringsforeningen Coop Opsparing til Investeringsforeningen Wealth Invest med virkning pr. dags dato. Der er som følge deraf udarbejdet et prospekt for afdelingerne i regi af Investeringsforeningen Wealth Invest. Prospektet afspejler ligeledes
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