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Philippines Business News

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

9059 articles across all sources

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BusinessWorld

Salceda named PLLO chief

PRESIDENT Ferdinand R. Marcos, Jr. has appointed former Albay Rep. Joey S. Salceda as head of the Presidential Legislative Liaison Office (PLLO), Malacañang said on Tuesday. “Confirmed,” Palace Press Officer Clarissa A. Castro told reporters. The PLLO serves as the Executive branch’s primary liaison with Congress and coordinates the administration’s legislative agenda with lawmakers. Mr. […]

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BusinessWorld

BIR, PNP seize illicit cigarettes

THE Bureau of Internal Revenue (BIR) and the Philippine National Police (PNP) seized 17 master cases of illicit cigarettes in Davao Oriental, with authorities estimating excise tax liabilities at P6.58 million. The BIR on Tuesday said the confiscated products had been placed under police custody before being turned over to the tax agency for inspection […]

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BusinessWorld

SC upholds kidnapping conviction

THE Supreme Court (SC) ruled that the loss or nonpresentation of ransom money in court does not prevent a conviction for kidnapping for ransom if prosecutors prove the victim was abducted and held for payment. In a Jan. 21 decision released on Tuesday, the SC’s First Division affirmed the conviction of several accused in the […]

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BusinessWorld

Stronger protection for seamen sought

MIGRANTE INTERNATIONAL on Tuesday urged the government to strengthen protections for Filipino seafarers after two overseas Filipino workers (OFWs) died in separate drone attacks on vessels operating in the Black Sea. The call came after Department of Migrant Workers (DMW) Secretary Hans Leo J. Cacdac said nine vessels carrying about 139 Filipino seafarers had come […]

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BusinessWorld

NBI nabs 3 over SIM card sale

THE National Bureau of Investigation (NBI) arrested three Filipinos in a series of operations targeting the sale of pre-registered SIM cards that investigators said were being supplied to scam hubs, Philippine offshore gaming operators, illegal online lending application collection agents and other cybercriminals. The bureau said its Cybercrime Division launched the operations after uncovering the […]

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BusinessWorld

Australia launches EQUIP aid

AUSTRALIA on Tuesday launched a five-year P1.6-billion program to help senior high school students in the Philippines develop job-ready skills. Australian Foreign Minister Senator Penelope Ying-Yen Wong launched the Education Quality for Inclusive Prosperity (EQUIP) program in Manila. The initiative will support education reforms aimed at aligning classroom learning with labor market needs by expanding […]

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BusinessWorld

Police, military ready for BARMM polls

POLICE and military units are prepared to secure the Bangsamoro Autonomous Region in Muslim Mindanao’s (BARMM) first parliamentary elections on Sept. 14, officials said on Tuesday. The Commission on Elections has printed 2.3 million ballots for the elections across five provinces and three cities. The Police Regional Office-Bangsamoro Autonomous Region and the Western Mindanao Command […]

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BusinessWorld

PSEi falls on profit taking, growing Gulf tensions

PHILIPPINE SHARES slid on Tuesday to end a four-day winning streak as investors locked in gains from the market rally, with fresh inflation risks due to the peso’s weakness and fuel price hikes amid tensions in the Gulf dampening sentiment. The Philippine Stock Exchange index (PSEi) fell by 1.27% or 81.92 points to close at […]

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BusinessWorld

Kalinga soldier killed in Abra clash

A PHILIPPINE Army soldier from Kalinga was killed in a clash with suspected communist rebels in Abra during pursuit operations against remnants of an insurgent group, the military said on Tuesday. Corporal Drexler Gumayat, 34, of the Army’s 50th Infantry Battalion, was fatally wounded in a firefight on July 20 in Tineg, a day after […]

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BusinessWorld

SONA to provide energy guidance as oil prices threaten to rise again

THE Department of Energy (DoE) said the upcoming State of the Nation Address (SONA) will guide near-term energy policy as renewed fighting in the Persian Gulf threatens to put pressure on oil prices once more. “Hopefully (President Ferdinand R. Marcos, Jr.) can give us a directive on what we need to do so we won’t […]

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BusinessWorld

Agri industry hopes SONA will signal tariff protection for rice, corn, pork, chicken

THE Samahang Industriya ng Agrikultura (SINAG) said the government needs to restore tariff protections for rice, corn, pork, and chicken and is hoping President Ferdinand R. Marcos, Jr. will adopt such policies in his fifth State of the Nation Address (SONA) on July 27.

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BusinessWorld

PHL tax regime considered attractive to foreign retirees

THE PHILIPPINES has emerged as one of the world’s most attractive destinations for foreign retirees, ranking 8th on the 2026 Rumavi Global Relocation Index.

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BusinessWorld

PSA assigned role as repository of FDI data

THE Philippine Statistics Authority (PSA) will serve as the central repository of foreign direct investment (FDI) data following a new information-sharing agreement with the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP). The three agencies signed a memorandum of agreement (MoA) on Monday establishing a framework for the secure sharing of […]

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BusinessWorld Economy

PEZA approves Tokai Electronics expansion

THE Philippine Economic Zone Authority (PEZA) said it signed a supplemental agreement (SA) with Tokai Electronics Philippines, Inc., which would allow the Japanese locator to proceed with an expansion in Batangas. In a social media post on Tuesday, PEZA said the agreement would clear the way for Tokai Electronics to build a warehouse at the […]

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BusinessWorld Economy

India’s Wipro Consumer buys PHL’s S Brands, signals intent to explore international markets

INDIA’s Wipro Consumer Care said it acquired the Philippines’ S Brands Consumer Care, Inc., citing its potential to expand to international markets. Nagender Arya, Wipro Consumer president for East Asia and chief operating officer for the group’s international business division, said it is looking to bring S Brands’ products to markets like the Middle East. […]

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BusinessWorld Economy

Port users call for more transparent BoC fee structure, speedier refunds

THE United Portusers Confederation of the Philippines, Inc. (UPC) said the Bureau of Customs (BoC) needs to make port fees more transparent while ensuring faster processing of refunds. In a position paper, the group cited the need to ensure that information on charges by shipping lines and cargo truck operators are accessible to port users. […]

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BusinessWorld Economy

AC Logistics, Robinsons Logistix agree to help ease bottlenecks for MSMEs

THE Department of Trade and Industry (DTI) said the logistics arms of the Ayala and Gokongwei groups have agreed to help ease bottlenecks faced by micro, small and medium enterprises (MSMEs). The DTI was welcoming nine additional logistics providers to its Supply Chain and Logistics Center (SCLC) Network. Network firms committed to lower their logistics […]

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BusinessWorld Economy

Agri, food products top list of goods seized by BoC

AGRICULTURAL and food products, including tobacco and cigarettes, accounted for most of the P18.11 billion worth of commodities seized by the Bureau of Customs (BoC) in 691 operations in the year to date ending July 12. Tobacco and cigarettes alone accounted for P9.88 billion across 219 seizures, representing more than half of the total value. […]

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Rappler Business

Landbank, Visa launch government credit card with spending controls

Landbank's government credit card also comes with an expense management system that captures transactions, matches expenses with receipts, and facilitates approval processes

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Manila Times Business

Zoomlion Expands European Service Network with Professional Training and 4-Hour On-Site Support

CHANGSHA, China, July 21, 2026 /PRNewswire/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion") has expanded its localized customer service capabilities across Europe, where its service network now covers more than 30 cities in over 20 countries and includes nearly 10 training centers and training sites. Supported by a multi-tier spare parts network and digital service platforms, the system provides professional training, spare parts support, technical assistance, and four-hou

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Manila Times Business

Migu Introduces an AI-Powered FIFA World Cup Experience, Going Beyond Live Coverage to Redefine Public Engagement

SHANGHAI, July 21, 2026 /PRNewswire/ -- As the 2026 FIFA World Cup™ in Canada, Mexico and the United States came to a close, Migu - official broadcaster of the tournament in mainland China for a third consecutive edition - offered a glimpse into how AI is reshaping sports media. Rather than focusing solely on live broadcasts, the platform explored a bigger question: What does watching football look like in the age of AI? Migu Introduces an AI-Powered FIFA World Cup Experience, Going Beyond Live

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Manila Times Business

StarHub's Got You This July: From Family Moments to Matchday Celebrations

SINGAPORE, July 21, 2026 /PRNewswire/ -- From celebrating the seniors who have helped shape our nation to gathering around the TV for the return of the new Premier League season, here's a quick look at what's happening at StarHub this July. A thank you to those who built our nation As part of our National Day celebrations, we're recognising the seniors in our lives with a little extra appreciation. From 27 July to 31 August, customers aged 60 and above, or those visiting any of StarHub's 11 stor

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Manila Times Business

CLO zFab Kit Now Available Globally: AI-Powered Fabric Digitization, No CLO License Required

Standalone solution available via CLO-SET brings fast and accurate cutting-edge fabric digitization technology to brands, vendors, fabric mills and supply chain partners worldwide NEW YORK, July 21, 2026 /PRNewswire/ -- CLO Virtual Fashion today announced the availability of the CLO zFab Kit, a revolutionary AI-powered fabric digitization solution, now available for order and shipping to customers worldwide. The biggest news for the industry: the CLO zFab Kit can operate as a standalone solution

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Manila Times Business

Velo and McLaren Mastercard Formula 1® Team Launch Global Competition to Make Motorsport Fans' Ultimate Dreams a Reality

The Live Your Fandom campaign, established by Velo and the McLaren Mastercard Formula 1® Team, returns for 2026 to bring more moments of originality to motorsport by championing authentic fandom and delivering unparallelled experiences throughout the F1 seasonLONDON, July 21, 2026 /PRNewswire/ -- Velo and the McLaren Mastercard Formula 1® Team are giving fans the keys to their wildest dreams with the launch of a global competition for the second half of the 2026 F1 season. Starting today, adult

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