Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
311 articles from BusinessWorld Economy
Tax refunds, power costs top Japanese firms’ PHL worries
DELAYS in securing tax refunds and the high cost of power have emerged as the major concerns of Japanese companies doing business in the Philippines, according to the Japanese Chamber of Commerce and Industry of the Philippines, Inc. (JCCIPI).
Read more →Infrastructure slowdown to result in 2.7% contraction in PHL fixed-capital investment this year — World Bank
PHILIPPINE GROSS fixed-capital investment is expected to contract 2.7% this year as infrastructure delays, higher energy prices and weak investor confidence weigh on capital spending, the World Bank said.
Read more →Agencies ordered to show how their budgets reflect regional dev’t priorities
NATIONAL GOVERNMENT (NG) agencies will be required to explain how they considered regional development priorities in their budget…
Read more →DoT counting on tourism pickup in Q4
THE DEPARTMENT of Tourism (DoT) is expecting steady growth in tourist arrivals this year, with visits expected to…
Read more →LRT-2, MRT-3 O&M contract bundling still under review
THE Department of Transportation (DoTr) said the possibility of bundling the operations and maintenance (O&M) contracts of Light…
Read more →PHL seeks to expand footprint in Japan ornamental horticulture
THE Department of Agriculture (DA) said the Philippines has the potential to boost its ornamental horticulture exports to…
Read more →Is the internal audit profession in tune with change?
Businesses are operating in an increasingly complex environment, where risks once considered unlikely, or even unimaginable, now demand immediate attention. The speed, complexity, and interconnectedness of change are challenging organizational leaders to anticipate emerging threats, make timely decisions, and remain resilient.
Read more →Merchandise exports could top $100B this year, exporters say
PHILIPPINE GOODS exports could exceed P100 billion this year, driven by demand for electronics and minerals, the Philippine Exporters Confederation, Inc. (Philexport) said.
Read more →PHL to buy up to 200,000 MT worth of US rice
THE PHILIPPINES is poised to buy up to 200,000 metric tons (MT) of rice from the US each…
Read more →Priority industries pitched to investors in Singapore
THE Department of Finance made its pitch in Singapore for investment in priority industries that it expects to…
Read more →Beverage industry claims inadequate consultation on increased sugar tax
A BEVERAGE industry association said further dialogue with the government is needed regarding a proposed tax hike on…
Read more →Trade negotiator Gepty snags Court of Appeals appointment
PRESIDENT Ferdinand R. Marcos, Jr. appointed Trade Undersecretary Allan B. Gepty as Associate Justice of the Court of…
Read more →Powering up remote areas seen costing up to P27B per 100,000 households
ENERGIZING remote areas will cost between P20-27 billion per 100,000 households, the Department of Energy (DoE) said. Luningning…
Read more →Central Luzon MSME fair generates P58M worth of orders and leads
THE Department of Trade and Industry (DTI) said its recent trade fair for Central Luzon-based micro, small and…
Read more →NCR Busway project study fast-tracked
THE Department of Transportation (DoTr) said it plans to fast-track the detailed feasibility study for the National Capital…
Read more →Scam losses reckoned at nearly P122 billion in 2025
FILIPINO ADULTS lost P121.8 billion to scams last year, according to a survey conducted by the Global Anti-Scam…
Read more →PHL-backed oil stockpiling proposal draws Saudi, UAE interest
SAUDI ARABIA and the United Arab Emirates (UAE) have expressed willingness to cooperate on efforts to strengthen oil…
Read more →WB sees tough regional competition for data centers
THE Philippines faces strong regional competition for artificial intelligence (AI)-focused data-center investments, with the World Bank (WB) singling…
Read more →NGCP lining up more power reserve deals for Visayas
THE National Grid Corp. of the Philippines (NGCP) is seeking to sign more power reserve deals to comply…
Read more →PHL deemed among top regional choices for VC, but tiny fraction goes to women-led firms
THE PHILIPPINES is viewed as an attractive venture capital (VC) destination in Southeast Asia, but very little funding…
Read more →Malaysia hoping to sustain palm oil export growth to PHL after shipments top 700,000 metric tons
KUALA LUMPUR — Malaysia is hoping to grow its palm oil exports to the Philippines even in the face of growing domestic production in its Southeast Asian neighbor, the Malaysian Palm Oil Council (MPOC) said.
Read more →Poorest 30% households experienced 23.6% rice inflation in September
RICE INFLATION for the bottom 30% income segment of households hit 23.6% in September, from 22.5% a month…
Read more →PHL, South Korea negotiating deals for carbon market cooperation
THE PHILIPPINES and South Korea are negotiating two cooperation agreements involving joint work on carbon market mechanisms, the…
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