Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
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A LABOR coalition on Sunday criticized the court challenge that temporarily halted the implementation of the P85 daily minimum wage increase for private-sector workers in the National Capital Region (NCR). The Sentro ng mga Nagkakaisa at Progresibong Manggagawa (SENTRO) said one of the companies behind the petition had secured government infrastructure projects while seeking to […]
Read more →POLICE have launched a search for Poro Point Management Corp. (PPMC) Director Nicky A. Oller after he went missing following a morning walk in Tubao, La Union on Friday. Authorities said Mr. Oller left his house at about 5:30 a.m. and failed to return, prompting his family to seek police assistance. Police have reviewed closed-circuit […]
Read more →THE Philippines and Ukraine are continuing discussions on a proposed drone co-production agreement first raised in 2025, with both sides still working on the framework, the Ukrainian Embassy in Manila said. “No updates on this so far. It is still work in progress on both sides,” Ukrainian Ambassador Yuliia Fediv told said via Facebook Messenger. […]
Read more →THE Isabela provincial government is strengthening its cacao industry by promoting value-added products and expanding support for farmers. During the 2nd Isabela Cacao Festival in Echague, local growers showcased products such as chocolates, tablea and specialty drinks while receiving training on production, post-harvest processing, pest management and financial management. Provincial Agriculturist Sergio ST. Galamgam said […]
Read more →THE Bureau of Customs (BoC) said it is on track to exceed its July collection target by at least P2 billion, based on the daily averages established with three collection days yet to be accounted for during the month. “As of today, we still have an excess of almost P2 billion. But we have three […]
Read more →THE Philippine Chamber of Commerce and Industry (PCCI) said it supports the removal of the system loss charge and the resulting value-added tax from electricity bills, but urged the government to pursue further reforms. “The removal of system loss and associated VAT on electricity provides immediate relief, but it must be followed by broader reforms […]
Read more →ALL-CARGO carrier Skyway Airlines, Inc. said it hopes to deploy 10 aircraft by 2030 in response to rising demand for agricultural and aquatic goods. “Our vision now is to connect the aqua-agri products of the Philippines to the world, which has not been done yet,” Vedant Bhardwaj, Skyway Airlines director for Business Development and External […]
Read more →THE Bureau of Internal Revenue (BIR) has given tobacco and vapor-product manufacturers, importers and exporters six months to register their brands and variants or face penalties. In Revenue Memorandum Circular No. 86-2026, published on July 31, the BIR released an updated registry covering 192 entries across 14 manufacturer, importer and exporter classifications. Citing Revenue Regulations […]
Read more →THE Philippine Statistics Authority (PSA) said tomato and cooking oil prices rose month on month during the July 15 to 17 period, which the PSA calls the second phase of July, though key items like calamansi, pork and well-milled rice retreated. Tomato prices rose 36.4% month on month to P115.26 per kilogram. They were also […]
Read more →THE Department of Transportation (DoTr) said it invited bidders for a P563.32-million engineering consultancy and inspection contract for the Metro Rail Transit Line 7 (MRT-7) project. In a request for expressions of interest, the DoTr, as per its concession agreement with SMC Mass Rail Transit 7, Inc., said interested bidders can submit proposals until Aug. […]
Read more →THE PHILIPPINE digital economy is equivalent to 2.5% of gross domestic product (GDP), lagging the region’s leading economies like Taiwan (6.1%), South Korea (5.8%) and Singapore (5.4%), the Asian Development Bank (ADB) said. In a policy brief, the ADB said advanced economies tend to derive greater value from the digital economy. “These variations highlight the […]
Read more →The Bureau of Internal Revenue (BIR) is accelerating its digital transformation agenda through the implementation of electronic invoicing and, eventually, electronic sales reporting requirements for taxpayers.
Read more →AFTER conquering Mt. Fuji’s best, one step now separates Alexandra “Alex” Eala from reaching another summit for Philippine tennis. And whether she achieves it or falls just short, the 21-year-old Filipina is bound to soar to a new career-best ranking from a current placing at No. 28 and earn one of her biggest purses ever. […]
Read more →FAITH NISPEROS was once one of the country’s promising talents that came out from college and her future looked bright when she signed up for the Akari Chargers three years ago in what was considered the biggest recruit back then. Until a devastating knee injury the next year derailed her path to a potential stardom. […]
Read more →THE Philippines needed a strong finishing kick to overcome a one-goal deficit and beat Laos, 4-1, to revitalize its bid in the Asean Football Championship-Hyundai Cup on Saturday in Vientiane. Five days after a shocking 1-4 setback to Myanmar at home, the Filipinos stared at another potential disaster when the host Laotians drew first blood […]
Read more →The National Basketball Association (NBA) has never lacked for nostalgia. Every summer produces another attempt to reunite a fading star with a contender hoping that experience can compensate for declining athleticism. Sometimes it works. More often, it simply delays the inevitable. The Heat’s pursuit of Klay Thompson falls somewhere between those two possibilities. It’s understandable […]
Read more →GUANGZHOU, China, Aug. 1, 2026 /PRNewswire/ -- This is a news report from South: Guangdong has been rolling out the "Beacon Over Lingnan" video series across major online platforms since June 27. The fifth episode features a conversation with Zhao Tongyang, Founder & CEO of EngineAI Robotics Technology Co., Ltd. Can China build the world's next iconic humanoid robot? In this episode, Zhao Tongyang explains why bringing humanoid robots into homes is the industry's ultimate goal, why China must de
Read more →GUANGZHOU, China, Aug. 1, 2026 /PRNewswire/ -- This is a news report from South: The recent trademark dispute between Louis Vuitton and Chinese tea brand Molly Tea has sparked widespread discussion about floral motifs, brand identity and the origins of decorative design. Yet centuries before monograms became synonymous with luxury fashion, Chinese artisans were creating intricate geometric and floral patterns for architecture, furniture and lacquerware. A striking example is on display at the Gu
Read more →4WD robotic lawn mower and modular commercial machine to be demonstrated at Booth BA8 GOLD COAST, Australia, Aug. 02, 2026 (GLOBE NEWSWIRE) -- GOKO, the outdoor robotics brand under Robot++, will showcase the GOKO M6 robotic lawn mower and preview the GOKO X5 commercial remote-controlled mower at Lawn & Land Equip Expo 2026, held at Mudgeeraba Showgrounds on the Gold Coast. Visitors can meet the GOKO team at Booth BA8 from 9am to 3pm and see how the two machines address different lawn and proper
Read more →MANILA, Philippines — Several Filipino medical professionals welcomed the findings of a new medical review on heated tobacco products (HTPs), saying they add to the growing body of evidence supporting tobacco harm reduction as a strategy to lower smoking-related health risks. The review, titled "Heated Tobacco Products: Current Evidence of Pulmonary Harm and Lung Cancer Risk," analyzed 26 studies published between January 2020 and June 2025 and found that users of heated tobacco products c
Read more →MANILA, Philippines — Some places in Metro Manila, Cavite and Rizal will have water interruptions this week because of maintenance works, Manila Water Company Inc. and Maynilad Water Services Inc. said on Sunday. In Quezon City, Manila Water said some locations in the villages of Vasra, Bagong Pag Asa, and Project 6 will have no water on August 3-4 between 9 p.m. and 6 a.m. because of interconnection work at North Avenue corner Elliptical Road. Some parts of Brgy. Santo Domingo and some ar
Read more →Six-month group consolidated revenue reaches IDR 198.5 billion (approximately SG$14.3 million) — equal to 97% of full-year 2025 revenue — while operating profit rises 143% year on year Company in discussions with multiple Indonesian securities firms toward an Indonesia Stock Exchange listing targeted for early 2027 SINGAPORE, Aug. 1, 2026 /PRNewswire/ -- Reddog, the Korean street-food ("bunsik") brand that has brought tteokbokki and Korean-style corn dogs to Indonesian consumers, today reported
Read more →If you ask the topshots at the country's oldest bank, financial stability is all about starting young
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