Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
8877 articles across all sources
End of IT park freeze in NCR seen unlocking high-value investment
FINANCE SECRETARY Frederick D. Go said the government’s exemption of IT parks and centers from the ban on economic zone (ecozone) registrations in Metro Manila will support the government’s broader goal of attracting high-value investment in key industries like information technology-business process management (IT-BPM). In a statement on Thursday, Mr. Go was quoted as saying […]
Read more →PAGCOR revenue falls 26.64% in first half
THE Philippine Amusement and Gaming Corp. (PAGCOR) said revenue fell 26.64% in the first half, dragged down by a sharp drop in earnings from electronic gaming operations. In a statement on Thursday, PAGCOR said revenue was P43.32 billion in six months to June. “Our first-half revenue results reflect the continuing impact of geopolitical tensions in […]
Read more →PFDA opens modernized Sual fish port
THE Philippine Fisheries Development Authority’s (PFDA) said on Thursday that it opened its newly rehabilitated and modernized fish port complex in Sual, Pangasinan. The Sual Fish Port Complex features a widened and extended pier with a trading hall, four cold storage units with a combined capacity of 500 metric tons (MT), blast freezers, chiller rooms, […]
Read more →Palay, corn production rise in second quarter
PRODUCTION of palay (unmilled rice) in the second quarter rose 5.7% year on year, while corn output rising 0.8%, the Philippine Statistics Authority (PSA) reported. The PSA reported that palay output was 4.63 million metric tons (MMT), roughly level with PSA’s estimate that had been based on an evaluation of the standing crop. The palay was harvested across 1.04 […]
Read more →Marcos clears release of VP’s tax and bank records to impeachment court
THE Senate impeachment court on Thursday received the subpoenaed bank, tax and anti-money laundering records of Vice-President (VP) Sara Duterte-Carpio and her husband after President Ferdinand R. Marcos, Jr. authorized the Bureau of Internal Revenue (BIR) to release their income tax records. The Office of Senate Secretary Renato N. Bantug, Jr. said it had received […]
Read more →DoE backs Marcos’ push to remove system loss charges from power bill
THE Department of Energy (DoE) on Thursday reaffirmed its support for President Ferdinand R. Marcos, Jr.’s directive to remove system loss charges from consumers’ electricity bills, saying it is prepared to work with other government agencies to reduce electricity losses through improved infrastructure, better collection efficiency and assistance to distribution utilities. “We support the directive […]
Read more →VP urges ICC to speed father’s trial over health concerns
VICE-PRESIDENT (VP) Sara Duterte-Carpio on Thursday appealed to the International Criminal Court (ICC) to expedite the trial of her father former President Rodrigo R. Duterte, saying his continued detention has become increasingly concerning because of his age and health. In a video interview released by her office and recorded in The Hague, Netherlands, Ms. Duterte […]
Read more →Court issues 20-day TRO on NCR wage hike
A PASIG court has issued a temporary restraining order (TRO) halting the implementation of the mandated minimum wage increase in Metro Manila, citing the potential for irreparable injury to businesses, according to court documents shared by the Department of Labor and Employment (DoLE) on Thursday. In an eight-page order dated July 30, Pasig City Regional […]
Read more →PSEi falls as market weighs Fed, SONA signals
PHILIPPINE SHARES retreated anew on Thursday as investors were cautious after the US Federal Reserve’s latest policy statements and as they continued to digest the potential impact of various reforms proposed in the President’s State of the Nation Address (SONA). The Philippine Stock Exchange index (PSEi) fell by 0.74% or 47.29 points to close at […]
Read more →PHL junks Chinese envoy’s claim on resupply
THE National Maritime Council (NMC) on Thursday rejected statements by China’s ambassador regarding the Philippines’ rotation and resupply missions to Second Thomas Shoal, saying they misrepresent both the country’s sovereign rights and the scope of the provisional arrangement governing the operations. In a statement, the council said the provisional understanding was established solely to facilitate […]
Read more →Estrada seeks bail release
SENATOR Jose “Jinggoy” P. Ejercito Estrada, Jr. has filed a petition for bail with the Sandiganbayan to secure provisional liberty in his plunder case. In a pleading submitted on Wednesday, Mr. Estrada argued the prosecution’s evidence against him is not strong, meeting the threshold for granting bail in cases otherwise punishable by life imprisonment. The […]
Read more →LTFRB opens motorcycle taxi bids
THE Land Transportation Franchising and Regulatory Board (LTFRB) has opened accreditation for motorcycle taxi platforms as it reviews rider cap allocations. LTFRB Chairman Vigor D. Mendoza II said the move aims to ensure an orderly public transport system. The rider cap remains at 45,000, allocated among Angkas (23,164), Joyride (15,000) and Move It (6,836). Separately, […]
Read more →Angat Dam level rises 3.5 meters
ANGAT DAM’S water level rose by 3.48 meters on Thursday after days of rain brought by a low-pressure area and other weather systems, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said. The water level climbed to 154.33 meters from 150.85 meters on Wednesday but remained below the 160-meter critical operating level. PAGASA said […]
Read more →Marcos issues new policy to boost local EV manufacturing
President Ferdinand Marcos issued a new policy on Thursday, July 30 to develop local electric-vehicle manufacturing industry.
Read more →Who comes after MVP? Pangilinan has successors in mind.
The 80-year-old tycoon says the next crop of leaders will be in their 30s or early 40s, adding that they can't be 'the run-of-the-mill legacy guys majored in HRM or home economics'
Read more →AION UT Tops Multiple Markets as GAC International Reports Record H1 Results
GUANGZHOU, China, July 30, 2026 /PRNewswire/ -- In the first half of 2026, GAC's overseas wholesale and end-user retail volumes doubled year-on-year. Total exports reached 121,483 units, nearly matching the full-year export volume of last year, with a significant 132% year-on-year increase, marking a major milestone. GAC achieved robust growth across all regions. In the Americas, Mexico delivered outstanding performance, with the AION ES and AION UT securing spots in the top ten in BEV sales ran
Read more →How AION V Won Over UK's First Batch - From Chinese Relatives to British Families
GUANGZHOU, China, July 30, 2026 /PRNewswire/ -- Following the first customer handovers of the AION V in the UK, this all-electric model from China has officially made its way into daily streets across the country. Ms. Xu is one of the most distinctive owners in the first batch of UK AION V deliveries - her connection with the model began long ago, thousands of miles away in China. "At first, I was looking at pure electric models from other brands. When choosing a new EV brand in the UK, I was qu
Read more →Sieyuan Electric's 420 kV RIP Bushings Successfully Applied in a Core Project of the Greek National Grid
RUGAO, China, July 30, 2026 /PRNewswire/ -- As a subsidiary of Sieyuan Electric, a global leader in power transmission and distribution equipment, Jiangsu Sieyuan Hertz Instrument Transformer Co., Ltd. has successfully put its independently developed and manufactured RIP transformer bushings up to 420 kV into operation at a key substation of the Greek National Grid. To guarantee on-time grid connection and commissioning of the project, while adapting to local grid operating conditions and meetin
Read more →International Petroleum Corporation to release Second Quarter 2026 Financial and Operational Results on August 4, 2026
International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) will publish its financial and operating results and related management’s discussion and analysis for the three and six months ended June 30, 2026, on Tuesday, August 4, 2026 at 07:30 CEST, followed by an audiocast at 09:00 CEST. Listen to William Lundin, President and CEO, and Christophe Nerguararian, CFO, commenting on the second quarter 2026 financial and operating results and the latest developments from IPC. Follow the
Read more →J.P. Morgan Private Bank Earns Record 10 Accolades at The Asset Triple A Private Capital Awards 2026
Asia Private Bank CEO Harshika Patel Named Asia Private Banker of the Year as Firm Doubles Award Count HONG KONG, July 30, 2026 /PRNewswire/ -- J.P. Morgan Private Bank today announced it has earned 10 accolades at The Asset Triple A Private Capital Awards 2026, marking an outstanding result for the firm in Asia-Pacific and more than doubling its total wins from the previous year. Among the top recognitions, J.P. Morgan Private Bank was named Asia's Best Private Bank, Best Private Bank for UHNWI
Read more →EMZOOM Tops Middle East SUV Sales as GAC Posts Doubled Overseas Volumes
GUANGZHOU, China, July 30, 2026 /PRNewswire/ -- In the first half of 2026, GAC's overseas wholesale and end-user retail volumes doubled year-on-year. Total exports reached 121,483 units, nearly matching the full-year export volume of last year, with a significant 132% year-on-year increase, marking a major milestone. GAC achieved robust growth across all regions. In the Middle East and Africa, the EMZOOM ranked first in Lebanon's B-segment SUV market, and the Middle East region saw a substantial
Read more →Plotio Deepens Its Global Partner Relationships Through Knowledge, Professional Support, and International Collaboration
BANGKOK, July 30, 2026 /PRNewswire/ -- As the global financial industry continues to evolve, long-term business success increasingly depends on strong partnerships built on trust, shared expertise, and long-term, transparent collaboration. To further reinforce its commitment to partners worldwide, Plotio has outlined its approach to supporting them through knowledge sharing, professional resources, and international engagement. Building on more than 16 years of industry experience, Plotio is com
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