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
Think tank calls for stronger AFP modernization ahead of arbitral award anniversary
MANILA, Philippines — A policy think tank has called on the government to accelerate the modernization of the Armed Forces of the Philippines (AFP), saying the country must strengthen its defense capabilities to address evolving security challenges in the West Philippine Sea (WPS) a decade after its landmark legal victory against China. The Stratbase Institute made the appeal ahead of a high-level conference on July 10 commemorating the 10th anniversary of the 2016 arbitral award, which in
Read more →PhilSports hosts Alex Eala Wimbledon 4th round, Gilas vs Australia public live viewing
MANILA, Philippines — The PhilSports Arena in Pasig hosts a free public live viewing of Alex Eala's Wimbledon fourth round match against Jasmine Paolini as well as Gilas Pilipinas' FIBA World Cup Asian qualifiers match against Australia On Monday. Gates open at 5:30 p.m. on a first-come first-served basis. The event is organized by the Philippine Sports Commission in partnership with the Metropolitan Manila Development Authority (MMDA) and Cignal.
Read more →Impeachment process seen as crucial as verdict as VP Duterte’s trial starts
THE Senate’s handling of Vice-President (VP) Sara Duterte-Carpio’s impeachment trial will be as important as the verdict itself because it will shape future impeachment proceedings, test the country’s democratic institutions, and influence public confidence in the rule of law, political analysts said.
Read more →China sanctions on PHL Defense chief ‘unhelpful’
PRESIDENT Ferdinand R. Marcos, Jr. on Sunday criticized China’s decision to sanction Defense Secretary Gilberto C. Teodoro, Jr., calling the move “very unhelpful” and saying it raises tensions instead of helping manage disputes in the South China Sea. “The declaration by Beijing of Secretary Teodoro as persona non grata… is very unhelpful, in my view,” […]
Read more →PHL-Canada partnership may boost tech ties
TECHNOLOGY, critical minerals and security cooperation are expected to drive the Philippines’ strategic partnership with Canada, analysts said, after the two countries elevated bilateral ties during President Ferdinand R. Marcos, Jr.’s official visit to Vancouver.
Read more →Flood control probe not done yet
THE government is far from finished investigating alleged multibillion-peso flood control anomalies, President Ferdinand R. Marcos, Jr. said, claiming the corruption scheme his administration exposed predates his term in office. Speaking during a livestreamed news briefing in Vancouver, Canada on Saturday (Sunday, Manila time), Mr. Marcos rejected allegations of his own involvement in the irregularities, […]
Read more →Law vs violent extremism sought
SENATE President Sherwin T. Gatchalian on Sunday said there is a need to draft a law countering nihilistic violent extremism (NVE), citing a rise in reported minor-inflicted violence following the deadly Tacloban school shooting. In a press statement, Mr. Gatchalian expressed openness to working with the Department of Justice in crafting the policy on NVE […]
Read more →Isabela rice aid drives farm economy
ILAGAN CITY, Isabela — Isabela’s flagship Rice Assistance Program is emerging as an economic lifeline for both farmers and consumers, with the provincial government recently expanding free rice distribution to nearly 1,000 more Education department personnel, while guaranteeing a market for locally produced palay (unmilled rice). A total of 999 teaching and non-teaching employees in […]
Read more →SC affirms Nippon Express tax win
THE Supreme Court (SC) has upheld an order suspending the collection of P81.35 million in alleged deficiency taxes from Nippon Express Philippines Corp., ruling that the Court of Tax Appeals (CTA) properly suspended collection after the tax agency tried to enforce the assessment before the payment deadline had lapsed. In a nine-page decision promulgated on […]
Read more →Dumuloc dam to help 1,484 farmers
BUGALLON, Pangasinan — Nearly 1,500 farmers in Bugallon, Pangasinan will have year-round irrigation once the Dumuloc Small Reservoir Irrigation Project (SRIP) is completed. Top officials of the National Irrigation Administration (NIA) inspected the progress of the project, expected to provide a stable water supply to about 1,632 hectares of farmland across nine villages, helping 1,484 […]
Read more →Wanted top BIFF leader killed in Maguindanao del Norte shootout
COTABATO CITY — The top leader of a faction in the now-defunct Bangsamoro Islamic Freedom Fighters (BIFF), with a P3 million reward on his head, was killed in a clash with soldiers and policemen in Sultan Kudarat, Maguindanao del Norte before dawn on Sunday. Major Gen. Jose Vladimir R. Cagara, commander of the Army’s 6th […]
Read more →UMIC classification seen as draw for foreign investors
THE Department of Trade and Industry (DTI) said the Philippines’ reclassification as an upper-middle income country (UMIC ) is expected to attract more foreign investment. In a statement on Sunday, the DTI said UMIC status is a “powerful green light for international capital.” “This upgraded classification is set to strengthen the country’s credit profile, boost […]
Read more →Laurel to seek P220-billion agriculture budget for 2027
AGRICULTURE Secretary Francisco P. Tiu Laurel, Jr. said the Department of Agriculture (DA) is proposing a P220-billion budget for 2027, which would exceed the indicative ceiling given to the department of P160 billion. Mr. Laurel said budget priorities include the Animal Competitiveness Enhancement Fund (AnCEF), which requires a P20-billion annual budget. The AnCEF aims to […]
Read more →ADB designates Philippines as potential recipient of technical assistance to boost AI readiness
THE PHILIPPINES is among 12 economies covered by a proposed regional technical assistance project which will strengthen those countries’ artificial intelligence (AI) readiness, according to the Asian Development Bank (ADB). The project, known as Advancing Artificial Intelligence Readiness through Infrastructure, Solutions, and Enabling Skills, will seek to strengthen AI infrastructure, accelerate AI adoption, and build […]
Read more →Philippines in talks to partner with Canadian nuclear engineering company AtkinsRéalis
THE Department of Trade and Industry (DTI) said it is in talks for a possible nuclear energy tieup with AtkinsRéalis, a Canadian engineering and technology firm. Trade Secretary Cristina A. Roque and Finance Secretary Frederick D. Go met with AtkinsRéalis executives on the sidelines of President Ferdinand R. Marcos, Jr.’s working visit to Canada last […]
Read more →Philippine air cargo congestion could undermine business confidence, management group warns
THE GOVERNMENT must invest in modern cargo infrastructure and streamline customs operations further, warning that congestion at the main gateway airport could erode business confidence, the Management Association of the Philippines (MAP) said. “MAP is seriously concerned by the growing congestion at NAIA’s cargo facilities. While this may appear to be an operational issue today, […]
Read more →Is your business keeping pace with the changing tax environment?
Tax compliance is no longer a routine back-office function, instead becoming a strategic priority for organizations navigating heightened regulatory scrutiny.
Read more →Korean blockchain firm eyes tourism, recreation projects in Bataan freeport
A South Korean blockchain and financial technology company has committed to pursue real estate, tourism, and recreation-oriented projects in this free port, the Authority of the Freeport Area of Bataan announced late Wednesday, July 1.
Read more →BFAR earns highest COA audit rating for 4th straight year
The Bureau of Fisheries and Aquatic Resources (BFAR) has secured the Commission on Audit’s Unmodified Audit Opinion, the highest audit rating, for the fourth consecutive year.
Read more →Seed No. 29 Eala faces No. 13 Paolini of Italy in Round of 16
WHETHER she’s falling down like the London Bridge or standing tall like the Victoria Memorial at Buckingham Palace, Alexandra “Alex” Eala will swing and slug it out against whoever stands in her way in a bid to crack Wimbledon’s Last 8. Against champions one after another it may be, including Olympic gold medalist Jasmine Paolini […]
Read more →Van Sickle, Nxled clash with Creamline in PVL opener in Ilagan, Isabela
IN HER FIRST chance playing for the Nxled Chameleons early this year, Brooke Van Sickle needed time to mesh well and adjust to her newfound team and system. Expect her to be better this time around. The 28-year-old PVL champion and MVP should come in with more fire when Nxled shoots for a franchise-best performance […]
Read more →Biado nips Gallito to top Indonesia Open 10-Ball tilt
THEY say good players are always lucky. It was the case of Filipino world champion Carlo Biado, who escaped past an upset-conscious countryman Paolo Gallito with a hill-hill 10-9 victory on Saturday and ruled the Predator PBC International Indonesia Open 10-Ball in Jakarta, Indonesia. On the brink of being slain by the youthful Mr. Gallito […]
Read more →She belongs
For years, Alex Eala’s breakthroughs have been described in terms of firsts. First Filipina to win a junior Grand Slam singles title. First from the Philippines to crack the WTA Top 100. First to reach a WTA final. Each milestone was duly celebrated, yet each also carried an unspoken qualifier: promise. Wimbledon has now rendered […]
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