Philippines Business News
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1860 articles from BusinessWorld
Pump prices set to fall by up to P4.88/L
MOTORISTS are expected to get relief at the pumps this week as fuel prices are set to decline by more than P4 per liter (L), according to the Department of Energy (DoE). In an advisory on Monday, the DoE said gasoline prices would fall by P4.70 per liter, diesel by P4.30 per liter and kerosene […]
Read more →Mindanao grid sees first red alert
THE Mindanao grid has recorded its first red alert this year, triggered by high forecasted demand, while the Visayas grid continued to suffer from low power supply, according to the National Grid Corp. of the Philippines (NGCP). In an advisory on Monday, NGCP raised both red and yellow alerts over the Visayas and Mindanao. The […]
Read more →2027 budget turnover set for Tuesday
THE Executive branch is set to turn over the proposed P7.2-trillion 2027 national spending plan to Congress on Tuesday, after President Ferdinand R. Marcos, Jr. received the proposal prepared by the Department of Budget and Management (DBM) on Monday. Budget Secretary Kim Robert C. de Leon formally submitted the 2027 National Expenditure Program (NEP) to […]
Read more →PhilHealth chief named DoH sec.
PRESIDENT Ferdinand R. Marcos, Jr. on Monday appointed Philippine Health Insurance Corp. (PhilHealth) chief Edwin M. Mercado as secretary of the Department of Health (DoH), replacing Jose Brittanio “Brix” S. Pujalte, Jr. “He stood as the president and CEO (chief executive officer) of PhilHealth, so Dr. Mercado knows what the President wants for our countrymen,” […]
Read more →Agri damage from monsoon tops P135M
THE enhanced southwest monsoon caused more than P135 million in agricultural losses, Agriculture Secretary Francisco P. Tiu Laurel, Jr. said on Monday. Speaking on One News’ Money Talks with Cathy Yang, Mr. Laurel said that over 6,000 families were affected and more than 4,500 hectares of farmland were damaged, with production losses exceeding 4,500 metric […]
Read more →PHL envoy backs Pax Silica, says neighboring countries want project
PHILIPPINE Ambassador to the US Jose Manuel “Babe” G. Romualdez on Monday backed the Pax Silica initiative amid criticisms on the proposed hub, saying that neighboring countries are prepared to take on the US-led project should the Philippines refuse it. At a media briefing after the Fireside Chat hosted by the Stratbase Institute, Mr. Romualdez […]
Read more →Semirara trims 400 jobs amid shift from coal
A TOTAL of 462 employees lost their jobs, the Semirara Mining and Power Corp. (SMPC) said, as uncertainty over securing a new contract to continue operations forced the company to cut its workforce. In a statement on Monday, SMPC said it filed a notice of redundancy with the Department of Labor and Employment, which affected […]
Read more →Marcos still reviewing US extradition request vs Quiboloy
PHILIPPINE President Ferdinand R. Marcos, Jr.’s decision whether to grant Washington’s request to extradite embattled preacher Apollo S. Quiboloy can be expected in a “couple of weeks” from now, the Palace said on Monday. “We spoke with the President himself earlier, and he said that this really needs to be studied carefully. But, in a […]
Read more →Co-op group opposes share voting as revised code clears House
A COOPERATIVE sector group on Monday called for the protection of democratic voting in cooperatives after the House of Representatives approved a measure revising the country’s Cooperative Code. In a statement, the Philippine Chamber of Cooperatives, Inc. described the passing of House Bill No. 9584, or the Revised Cooperative Code of the Philippines, on third […]
Read more →Part-time workers protection sought
A SENATOR has filed a bill amending the Labor Code of the Philippines to protect part-time workers and provide them benefits, including social security, security of tenure, and an income not lower than the basic minimum wage. Under the Senate Bill No. 2375 or the Part-Time Employment Act, Senate Committee on Labor, Employment and Human […]
Read more →More Cordillera residents hit as torrential rains persist
BAGUIO CITY — The number of people affected by torrential rains brought by the enhanced southwest monsoon and other weather systems continued to rise across the highland Cordillera region, with disaster response teams stepping up relief and rescue operations in several areas. The Cordillera Regional Disaster Risk Reduction and Management Council (RDRRMC), in its Monday […]
Read more →PSE index slips as weak GDP data dent sentiment
THE MAIN INDEX ended lower on Monday as cautious sentiment reigned following the Philippines’ weak second-quarter economic growth and continued uncertainty over the situation in the Strait of Hormuz. The Philippine Stock Exchange index (PSEi) slipped by 0.02% or 1.14 points to close at 6,289.21. Meanwhile, the broader all shares index edged up by 0.07% […]
Read more →Mitsubishi could export hybrids from Laguna plant
MITSUBISHI MOTORS Philippines Corp. (MMPC) said it is positioning its upcoming hybrid electric vehicle (HEV) production facility in Sta. Rosa, Laguna as a possible regional export hub. “We’d like to commit to this nation for a long time,” MMPC Chairman Noriaki Hirakata said at a briefing on Monday. “We could expand our business here because […]
Read more →PAGCOR reports 20.3% decline in 2nd quarter GGR
THE gambling industry’s gross gaming revenue (GGR) fell 20.3% in the second quarter, dragged down by a weaker electronic gaming segment, with sentiment dented by renewed tensions in the Middle East, the Philippine Amusement and Gaming Corp. (PAGCOR) said. On Monday, the gaming regulator reported GGR of P88.13 billion for the three months to June. […]
Read more →Agri trade deficit expected to widen — SINAG
THE Samahang Industriya ng Agrikultura (SINAG) said the agricultural trade deficit is expected to widen further in the next few months from the $1.06 billion posted in June. Citing the Philippine Statistics Authority (PSA), SINAG Executive Director Jayson H. Cainglet said record imports of rice, pork, and chicken this year could lead to the expansion […]
Read more →Inflation from tax cuts can be offset by raising output — DEPDev
THE Department of Economy, Planning, and Development (DEPDev) said any inflationary effects of the proposed Promoting Growth, Revenue, and Equity towards Socio-economic Sustainability (ProGRESS) tax package can be neutralized if households have sufficient goods to purchase.
Read more →Chipmakers tout Pax Silica as opportunity to upgrade industry
THE Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said the proposed artificial intelligence (AI)-native hub in Central Luzon being built under the Pax Silica initiative represents an opportunity to break into advanced manufacturing and other higher-level activities In a statement, the group said Philippine participation in Pax Silica is a “strategic opportunity […]
Read more →Affected people climb to 1.3 million due to recent bad weather; relief provided reaches P39 million — DSWD
The Department of Social Welfare and Development (DSWD) on Monday said more than 1.3 million people have been affected by the southwest monsoon and tropical cyclones Luis and Maymay, with a total of P39.37 million in humanitarian assistance already provided. DSWD Secretary Rexlon T. Gatchalian cited the figures during a Palace press briefing, where he […]
Read more →SM Retail helps move Philippine retail forward at the 32nd National Retail Conference and Expo
As the Philippine Retailers Association (PRA) marked its 50th anniversary, SM Retail continued to play a key role in shaping the future of the industry as the exclusive Diamond Sponsor of PRA’s 32nd National Retail Conference and Expo (NRCE) last Aug. 6–7, 2026 at the SMX Convention Center Manila. For SM Retail, this year’s conference […]
Read more →LANDBANK marks 63 years with global honors for innovation, inclusion, and dev’t impact
As LANDBANK celebrates its 63rd anniversary, the Bank continues to earn prestigious international and local recognition for advancing financial inclusion, digital transformation, sustainable finance, and nation-building. Global Banking and Digital Leadership Among its most notable distinctions, LANDBANK was named Philippines’ Best Retail Bank at the prestigious Euromoney Awards for Excellence, one of the banking industry’s […]
Read more →Puregold launches Teatro Panalo, opens search for outstanding Filipino plays
The curtain is about to rise on another “panalo” cultural experience from Puregold — this time, one that brings the world of Filipino theater closer to both the artists who create it and the audiences who deserve to experience it. Further expanding its commitment to champion Filipino creativity and showcase these talents to more audiences, Puregold proudly announces Teatro Panalo, […]
Read more →Southwest monsoon to still drench Luzon in next few days, PAGASA
The southwest monsoon that has been drenching Luzon since last week will continue to bring heavy rainfall over the area in the next few days, posing risks of flooding and landslides, according to the state weather bureau on Monday. Intense rainfall of 100 to 200 millimeters is expected over Benguet, Zambales, Bataan, and Occidental Mindoro […]
Read more →Rate hike seen despite growth slump
A THIRD STRAIGHT rate hike from the Bangko Sentral ng Pilipinas (BSP) is expected later this month as it seeks to steer inflation back to target even as economic growth slumped to a new post-pandemic low in the second quarter.
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