Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
9083 articles across all sources
Philippine Navy sailor hurt in China Coast Guard confrontation in SCS
THE Armed Forces of the Philippines (AFP) on Monday said a Philippine Navy serviceman was injured after members of the China Coast Guard (CCG) struck him with a wooden baton during an encounter near Second Thomas Shoal in the South China Sea (SCS). In a statement, the AFP said the incident occurred after a CCG […]
Read more →Senate subpoenas Sara’s tax records, bank accounts
THE Senate impeachment court on Monday granted the House of Representatives prosecution panel’s request to subpoena Vice-President Sara Duterte-Carpio’s tax records and partially granted its bid to obtain bank records covering her and her husband Manases R. Carpio, in a key ruling on evidence related to the second article of impeachment. Presiding officer Senator Francis […]
Read more →Age-based gadget curbs in schools backed
THE Second Congressional Commission on Education (EDCOM II) on Monday urged lawmakers to adopt age-based restrictions on students’ use of personal electronic devices in schools, citing studies linking excessive and unsupervised screen time to poorer learning outcomes, developmental delays and online safety risks among Filipino children. “We would like to pose also to the body […]
Read more →Palace defends US mineral deal
MALACAÑANG on Monday said the proposed Pax Silica framework agreement between the Philippines and the US would comply with Philippine laws and include safeguards for the environment and affected communities, amid criticism from lawmakers and civil society groups. “The President and this administration have done nothing to provoke war,” Palace Press Officer Clarissa A. Castro […]
Read more →Marcos seeks simple, dignified SONA
PRESIDENT Ferdinand R. Marcos, Jr. wants his fifth State of the Nation Address (SONA) to be “simple but dignified,” Malacañang said on Monday, signaling a scaled-down ceremony for next week’s annual address to Congress. Palace Press Officer Clarissa A. Castro said preparations for the July 27 SONA are being coordinated with the House of Representatives, […]
Read more →Rubio to pay courtesy call on Marcos
US SECRETARY of State Marco Rubio will pay a courtesy call on President Ferdinand R. Marcos, Jr. during his visit to Manila, Malacañang said on Monday. Palace Press Officer Clarissa A. Castro confirmed the meeting but said details of the schedule and agenda would be announced later. Mr. Rubio is in Manila from July 19 […]
Read more →DPWH to finish EDSA rehab in 2027
THE Department of Public Works and Highways (DPWH) expects to complete the second phase of the Epifanio de los Santos Avenue (EDSA) rehabilitation by next year while moving closer to awarding the first contract packages for the Bataan-Cavite Interlink Bridge. “We are doing it lane by lane to minimize the disruption,” Public Works Secretary Vivencio […]
Read more →Marcos backs Dizon amid probe
PRESIDENT Ferdinand R. Marcos, Jr. continues to have confidence in Public Works Secretary Vivencio “Vince” B. Dizon despite the National Bureau of Investigation’s (NBI) probe into alleged irregularities in the 2019 Southeast Asian (SEA) Games, Malacañang said on Monday. “For now, the President has trust in all members of his Cabinet,” Palace Press Officer Clarissa […]
Read more →Palace rejects claim on aid
MALACAÑANG on Monday denied Senator Alan Peter S. Cayetano’s claim that President Ferdinand R. Marcos, Jr. had rejected his proposal to provide P10,000 in cash assistance to Filipino families, saying the measure never reached the President because it remained a legislative proposal. “If he has not done anything yet, it cannot be said that the […]
Read more →NBI raids Makati casino hub
THE National Bureau of Investigation (NBI) arrested 35 people, including 26 foreign nationals, after raiding an alleged illegal gambling operation disguised as an amusement arcade in Makati City. The bureau said agents from its Dangerous Drugs Division and Organized and Transnational Crime Division served a court-issued search warrant at the Goraku Amusement Center inside The […]
Read more →Australian held for deportation
THE Bureau of Immigration (BI) has arrested an Australian national in Bacolod City who is the subject of a standing deportation order, the agency said on Monday. Immigration Commissioner Joel Anthony M. Viado said the 57-year-old foreign national was arrested in Barangay Sum-ag by operatives of the bureau’s Regional Intelligence Operations Unit-Region VI. The operation […]
Read more →BIFF attack wounds 3 rebels
THREE alleged members of the Bangsamoro Islamic Freedom Fighters (BIFF) were wounded after soldiers repelled an attack on an Army detachment in Talitay, Maguindanao del Norte on Sunday night, military officials said. Major General Jose Vladimir R. Cagara, commander of the Army’s 6th Infantry Division, said troops returned fire after about 15 armed men attacked […]
Read more →Ombudsman to probe Romualdez, Co
THE Office of the Ombudsman said on Monday it would file complaints for preliminary investigation against former Speaker Ferdinand Martin G. Romualdez, former congressman Elizaldy S. Co and several others for violations of the Anti-Plunder Act and the Anti-Money Laundering Act over the alleged diversion of flood control funds. “A complaint for preliminary investigation is […]
Read more →PFDA to build Sorsogon ice plant
THE Philippine Fisheries Development Authority (PFDA) will build a P96.7-million ice plant in Bulan, Sorsogon to reduce post-harvest losses and strengthen the fisheries supply chain in the Bicol Region. “Food security is not only about catching more fish,” Agriculture Secretary Francisco P. Tiu Laurel, Jr. said during an inspection of the Bulan Fish Port Complex, […]
Read more →Stocks stay above 6,400 on earnings optimism
PHILIPPINE SHARES rose further on Monday on optimism over companies’ second-quarter results and continued bargain hunting lifted the market despite lingering concerns over fresh geopolitical risks that have pushed up global oil prices anew. The Philippine Stock Exchange index (PSEi) climbed by 0.18% or 11.61 points to close at 6,415.72, while the broader all shares […]
Read more →Subic Port designated main gateway for Pax Silica trade
THE Bases Conversion and Development Authority (BCDA) said it is positioning the Port of Subic Bay as the primary entry and exit point for logistics and technology investments under the Pax Silica initiative. In a social media post on Monday, the BCDA said it signed a partnership with the Subic Bay Metropolitan Authority (SBMA) designating […]
Read more →LRT-2 O&M auction targeted for next year
THE Department of Transportation (DoTr) said it is hoping to launch the auction for the operations and maintenance (O&M) contract of the Light Rail Transit Line 2 (LRT-2) next year. “Our priority is the North-South Commuter Railway (NSCR) first, after that the Philippine Automated Fare Collection System, then eventually LRT-2 PPP by next year. We […]
Read more →Falling cost to produce palay not expected to continue in 2026
THE average cost to produce palay (unmilled rice) last year was an improvement on previous years, though 2026 could be another story due to El Niño and high fuel and fertilizer prices.
Read more →Doubts cast over efforts to build resilience in ASEAN due to regulatory shortcomings
EFFORTS by Southeast Asian firms to diversify their supply chains and markets may not be sufficient to build resilience against trade shocks, geopolitical uncertainty and sustainability pressures, the Economic Research Institute for ASEAN and East Asia (ERIA) said.
Read more →Budget release rate hits 88% at end-June
THE Department of Budget and Management (DBM) said it released 87.9% of the budget for 2026 as of the end of June. According to the DBM Status of Allotment Release report, the releases amounted to P5.97 trillion out of the original budget total of P6.79 trillion, leaving P819.49 billion undistributed. The release rate at the […]
Read more →PHL seeking bilateral air talks with Oman
THE Department of Transportation (DoTr) said it wants to expand flights between the Philippines and Oman, and hopes to enhance the current air service agreement. “We are committed to expanding our air links with Oman to give our fellow Filipinos, especially our OFWs (overseas Filipino workers), more options for direct, convenient, and affordable travel between […]
Read more →Most APAC companies not ready for new US product safety rules — FedEx
ABOUT 64% of businesses in the Asia-Pacific (APAC) are not fully prepared for the transition to mandatory electronic filing (e-filing) for imports of regulated consumer products entering the US, Federal Express Corp. (FedEx) said. In a survey conducted across 12 Asia-Pacific markets, including the Philippines, 28% of businesses understand the new requirements but have not […]
Read more →BIR issues CWT rules for certain wholesale goods
GROSS PAYMENTS made by top withholding agents to manufacturers or direct importers for covered goods intended for wholesale are subject to a preferential 0.5% creditable withholding tax (CWT), the Bureau of Internal Revenue (BIR) said. The BIR issued Revenue Memorandum Circular No. 79-2026 on Monday seeking to clarify when top withholding agents should apply the […]
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