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Philippines Business News

Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.

4019 articles from Manila Times Business

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Manila Times Business

Napolcom commends off-duty cop for pursuing hit-and-run suspect

BEING off duty does not mean being off service when lives are at stake. Napolcom Commissioner Rafael Vicente Calinisan underscored this as he commended Police Executive Master Sergeant (PEMS) Andy Evangelista for pursuing a driver who allegedly fled after hitting two pedestrians in Antipolo City. Commissioner Calinisan presented PEMS Evangelista with a Certificate of Commendation at the Napolcom on Aug. 17, recognizing his courage, alertness and presence of mind in responding to the hit-and-run

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Manila Times Business

$120,000 and One Million Visitors in 48 Hours for Solo Founder's Side Project Outbid.lol

More than 700 companies placed bids within two days, turning a one field website into a viral live market for search visibility Osnabruck, Lower Saxony, Germany, August 23, 2026 -- Outbid.lol, a leaderboard where rank is set entirely by what a company pays, drew more than one million visitors and $120,000 in bids within 48 hours of its August 19, 2026 launch. It applies the logic of keyword auctions to a single public page, and one developer built it alone. The product is one page with one input

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Manila Times Business

BNP PARIBAS GROUP: SUDAN LITIGATION STATEMENT FROM BNP PARIBAS

SUDAN LITIGATION: STATEMENT FROM BNP PARIBAS Paris, 23rd August 2026 BNP Paribas is confident that the trial court fundamentally misconstrued Swiss law, committed numerous legal errors and sidelined highly relevant evidence showing that the financial transactions at issue were authorized under Swiss and European law. The Bank’s arguments were strongly supported by amicus briefs filed by the Governments of Switzerland and the United States, distinguished academics and jurists, and leading industr

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Manila Times Business

Cebu mayor faces criminal complaint

CEBU CITY — Mayor Nestor Archival Sr. faces criminal and administrative complaints before the Office of the Ombudsman over an alleged conflict of interest in the Monterrazas de Cebu development in Barangay Guadalupe. Former Cebu City Coastline Management Board official Ed Karlon Rama, a Guadalupe resident, filed the seven-page complaint-affidavit with the Ombudsman Area Office for the Visayas in Cebu City on Wednesday. Rama alleged that Archival and his spouse own a 713-square-meter proper

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Manila Times Business

50k flood-affected families in Bulacan get aid

CITY OF MALOLOS — The provincial government of Bulacan, through the Provincial Social Welfare and Development Office (PSWDO), has distributed relief assistance to more than 50,000 families in the most flood-affected areas in the municipalities of Santa Maria, Guiguinto, Balagtas, Bocaue, Calumpit, Hagonoy, Paombong, Norzagaray, Pandi, and Angat. Gov. Daniel Fernando and Vice Gov. Alexis Castro personally visited communities affected by massive flooding to check the situation of residents a

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Manila Times Business

Critical minerals offer a big potential

LAST week, President Ferdinand Marcos Jr. signed an executive order to establish the Unified National Policy Framework for Developing the Critical Minerals Industry that will lay down the guidelines for transforming the Philippines into a key player in the global critical minerals market. Critical minerals such as lithium, copper, nickel, cobalt, graphite and rare earth elements are driving the transition to low-carbon energy systems. They have also become indispensable in other strategic indust

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Manila Times Business

PH leads regional push for stronger public finance systems for children

THE Philippines is strengthening its role in advancing child-responsive public finance in the region, bringing together eight South and Southeast Asian countries to exchange reforms and practical solutions aimed at ensuring that limited public resources deliver better outcomes for children. Through the Department of Budget and Management (DBM) and with support from the European Union (EU) and United Nations Children’s Fund (Unicef), the Philippines hosted the South-South Exchange from Aug.

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Manila Times Business

6.5 million Filipinos were not lifted out of poverty6.5 million Filipinos were not lifted out of poverty

What it claimed was that 6.5 million Filipinos moved from below to above the very artificial poverty threshold it had invented years ago. It has not established that 6.5 million Filipinos ceased being poor, in the ordinary meaning of that word. At best, the number of our poor remained unchanged and probably even worsened since this corruption-riddled administration came to power. As usual, the extremely pro-administration Philippine Star and Philippine Daily Inquirer made it their banner headlin

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Manila Times Business

Eala ramps up training for US Open

FILIPINO tennis ace Alex Eala arrived in New York and immediately got to work for her US Open return. US Open Tennis on Sunday posted a video of Eala hitting balls under the supervision of coach Joan Bosch at the Arthur Ashe Stadium. WTA No. 20 Eala will begin her campaign in the mixed doubles with ATP No. 4 Felix Auger-Aliassime of Canada. Eala then faces WTA No. 16 Iva Jovic in the Stars of the Open exhibition match on Aug. 27. On the same day, the draws for men and women will be revealed. The

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Manila Times Business

‘Marcoleta, Defensor face perjury case’

DETAINED Sen. Rodante Marcoleta and former representative Mike Defensor could face a subornation of perjury complaint for supposedly “coaching” former Marine Orly Guteza while testifying before the Senate Blue Ribbon Committee last year, Sen. Panfilo Lacson said. Lacson said the sequence of events during the Blue Ribbon hearing showed that Marcoleta had prompted Guteza on what to include in his affidavit regarding his allegations that he delivered cash in suitcases to several persona

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Manila Times Business

Over 1K Naga residents secure land ownership

MORE than 1,400 Naga residents are poised to gain a stronger foothold on the land they call home as the government expands its housing program to give low-income families not just shelter but also security of tenure. The beneficiaries are being assisted through the Enhanced Community Mortgage Program (ECMP), a people-centered housing initiative under President Ferdinand Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program. The latest boost came as the Social Housing Fina

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Manila Times Business

WinZir’s Wonder Wheel puts responsible gaming at center of every spin

WINZIR is expanding the role of its Wonder Wheel as part of its broader effort to provide its community with engaging ways to experience its platform while keeping responsible gaming firmly in view. The enhanced promotional feature is designed to add another layer of entertainment for eligible users without losing sight of the principles that should guide any form of gaming: awareness, moderation and informed decision-making. The Wonder Wheel gives members another interactive feature to explore

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Manila Times Business

DSWD releases P138M for farmers hit by RSSI pest

BACOLOD CITY — The Department of Social Welfare and Development– Negros Island Region (DSWD‑NIR) disbursed P138,586,450 in Emergency Cash Transfers (ECT) to 13,514 small sug‑ arcane farmers whose crops have been damaged by the red‑striped soft scale insect (RSSI), DSWD Regional Director Arwin Razo said on Sunday. The assistance covered nine local government units in Negros Occidental and six in Negros Oriental. Negros Occidental accounted for the largest share of aid, with 9,141 fami

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Manila Times Business

Injured triathlete Ellis to miss Asian Games

PHILIPPINE triathlete Kira Ellis is due to miss the upcoming Asian Games in Japan because of an injury and an accident. Ellis won two gold and three silver medals at last year’s SEA Games in Thailand. In a social media post, Ellis said she has had more downs than ups for this year, mentioning that she had one of the worst bicycle accidents in recent memory. “Starting the year with stitches, then getting injured in my knees a few weeks later, which lasted around seven months (plus an

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Manila Times Business

Ogilvy elevates content creation to sustainable business management at Creator Camp 2026

OGILVY Manila hosted the third annual edition of Ogilvy Creator Camp, welcoming leading and emerging digital creators for a full-day program designed to elevate content creation into sustainable business management, at the agency’s headquarters in Rockwell, Makati City, on Aug. 20, 2026. Building on the foundation laid in previous years, Creator Camp 2026 focused on empowering creators to transition from content producers to CEOs of their own personal brands. The program provided practical

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Manila Times Business

‘Saudel’ could turn into super typhoon

TYPHOON Saudel could turn into a super typhoon before it enters the Philippine Area of Responsibility (PAR) today, Aug. 24, the Philippine Atmospheric, Geophysical and Astronomical Services (Pagasa) said on Sunday. Based on its latest forecast track, “Saudel” could intensify and reach super typhoon category before it enters the country. The storm is not expected to make landfall and will exit PAR on Tuesday, Pagasa said. The Department of Social Welfare and Development’s (DSWD)

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Manila Times Business

Trump’s war on the International Criminal Court

Trump sent in his troops to Venezuela, plucked a duly elected president from his seat, then deposited him in a US jail. Netanyahu and Trump together fired at Iran, claiming that its uranium-enrichment program was an existential threat and that they were exercising the right of “preemptive strike.” The world is still reeling from the fallout of that conflict that Trump apparently does not know how to end. China will not desist in causing mayhem in its border with India even as it pers

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Manila Times Business

Asia’s scam centers turn dreams into nightmares

FIRST of two parts THE promise usually begins with a simple online message. A high-paying call center job in Thailand. A customer service position in Malaysia. A crypto company in Dubai offering salaries far higher than what many Filipinos earn at home. For hundreds of Filipinos desperate for better opportunities abroad, the offers appeared legitimate. But for many, the journey ended inside heavily guarded scam compounds in Myanmar, Laos, and Cambodia — where victims said they were beaten,

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Manila Times Business

DILG bolsters Baguio’s governance with audit training

BAGUIO CITY — The Department of the Interior and Local Government–Cordillera Administrative Region (DILG-CAR) strengthened efforts to improve local infrastructure governance through an action-planning session held as part of the Local Infrastructure Training for Baguio City: Infrastructure Audit in the Urban Setting and Strengthening Project Management recently at the City Disaster Risk Reduction and Management Office building. DILG Baguio Office Chief Millicent Carino said the sessi

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Manila Times Business

REDInc president honored at 7th Philippine Faces of Success

REDINC President and CEO Red Era was recognized as one of the distinguished honorees of Philippine Faces of Success 2026 during the 10th anniversary celebration of BEST Magazine at Camelot Hotel, Quezon City, on Aug. 1, 2026. The awards night, led by Philippine Awards guru Richard Hiñola, celebrated individuals who have demonstrated excellence, leadership and meaningful contributions in their respective fields. Era’s recognition reflects his vision and dedication to growing REDinc a

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Manila Times Business

The Philippines’ security trap

The recent school shootings are a tip of an iceberg of a vast private-security industry, Filipinos recruited into foreign wars, expanding US military access and rising defense expenditure. These converging phenomena intersect through poverty and violence, corruption and weak institutions. THE Philippines has experienced an unprecedented wave of campus gun violence in Tacloban and Zamboanga, occurring within a span of just two months. These school shootings have shattered the idyllic self-image o

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Manila Times Business

Kazakhstan holds crucial election

TALLINN, Estonia — Polls opened Sunday in Kazakhstan’s parliamentary elections, a vote expected to further to strengthen President Kassym-Jomart Tokayev’s power in Central Asia’s largest nation. The ruling pro-presidential Adilet party is widely predicted to win an overwhelming majority, with several smaller parties loyal to Tokayev also anticipated to enter parliament. Tokayev, 73 — a former Soviet official and Kazakh diplomat who previously worked at the United Na

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Manila Times Business

How bitcoin and gold went from a slump to an MVP week in just a few days

Bitcoin and gold shot higher this week, with both getting a boost from some frantic action surrounding the bond market, and the cryptocurrency also benefiting from activity in Washington. Bitcoin had dropped from a January high of around $95,000 to below $60,000 at the end of June. Investors shied away from speculative assets earlier in the year and crypto supporters were concerned about the lack of movement on proposed regulation of the industry. On Friday, bitcoin rose above $77,000. Gold hit

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Manila Times Business

Alyssa Valdez thrilled to finally share court with Jaja Santiago

MANILA, Philippines — Alyssa Valdez cherished the moment Jaja Santiago, also known as Sachi Minowa, returned to the Premier Volleyball League (PVL)—this time as her teammate at Creamline. Creamline capped its 2026 PVL On Tour campaign with a straight-set victory over the Galeries Tower Highrisers, 25-21, 25-16, 25-21, on Saturday night at the Victorias City Coliseum in Negros Occidental. Valdez led the Cool Smashers with 10 points, while Santiago, who is still adjusting to Creamline&

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