Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
9321 articles across all sources
Palace, DoJ defend NBI SEA Games probe
MALACAÑANG and the Department of Justice (DoJ) on Thursday defended the National Bureau of Investigation’s (NBI) probe into alleged irregularities surrounding the 2019 Southeast Asian (SEA) Games, rejecting claims that the investigation was meant to pressure senator-judges hearing Vice-President Sara Duterte-Carpio’s impeachment trial. “The department respects the mandate and authority of the National Bureau of […]
Read more →ERC extends power cut relief
THE Energy Regulatory Commission (ERC) has extended its suspension of electricity service disconnections for another three months, giving consumers more time to settle unpaid power bills as the war in the Middle East continues to threaten global energy markets. In an advisory issued on Thursday, the regulator ordered all distribution utilities to suspend electricity disconnections […]
Read more →DEPDev flags MIND bill overlap
ECONOMIC managers on Thursday said Senate proposals creating a Masterplan for Infrastructure and National Development (MIND) Council could duplicate powers already granted to the Department of Economy, Planning, and Development (DEPDev). At a Senate hearing, DEPDev Assistant Secretary Roderick M. Planta said the proposed measure substantially overlaps with Republic Act No. 12145, which institutionalized the […]
Read more →SC rejects contempt petitions
THE Supreme Court (SC) has dismissed separate indirect contempt petitions against political analyst Richard J. Heydarian, Party-list Rep. Percival “Perci” V. Cendaña and Presidential Adviser for Poverty Alleviation Lorenzo “Larry” G. Gadon over statements criticizing its impeachment ruling involving Vice-President Sara Duterte-Carpio. In a decision released on Thursday, the court said the petitions failed to […]
Read more →BI nabs Korean gambling fugitive
THE Bureau of Immigration (BI) has arrested a South Korean national wanted by the Interpol for allegedly operating an illegal online gambling syndicate from the Philippines. Immigration Commissioner Joel Anthony M. Viado on Thursday said the 52-year-old fugitive was arrested on Tuesday at Ninoy Aquino International Airport Terminal 1 by the bureau’s Fugitive Search Unit […]
Read more →Lawmaker urges livestock action
AN ABRA lawmaker has urged the Department of Agriculture (DA) to strengthen disease prevention measures for livestock, warning that prolonged dry conditions associated with El Niño could increase outbreaks and threaten food security. In a statement on Thursday, Abra Rep. Joseph B. Bernos cited the recent detection of highly pathogenic H5N1 avian influenza among backyard […]
Read more →BENECO rates climb on WESM
ELECTRICITY rates charged by Benguet Electric Cooperative (BENECO) rose again this month after higher Wholesale Electricity Spot Market (WESM) prices pushed up generation costs. The utility increased its residential rate by P0.6450 per kilowatt-hour (kWh) to P12.29/kWh in July, citing another surge in spot market prices. BENECO said WESM supplied about 52% of its power […]
Read more →Stocks climb further on Fed, earnings optimism
PHILIPPINE STOCKS extended their gains on Thursday as soft US inflation data eased US Federal Reserve rate hike expectations, with the market also anticipating strong second-quarter corporate results. The Philippine Stock Exchange index (PSEi) went up by 0.35% or 22.65 points to close at 6,325.15, while the broader all shares index rose by 0.44% or […]
Read more →Canon introduces EOS R6 V creator-focused hybrid camera
Canon Marketing (Philippines) Inc. on Thursday unveiled the new EOS R6 V, a hybrid camera designed for content creators that allows footage to be reframed into various aspect ratios from a single recording. The company also announced details of its Canon Creator Camp and Campus Tour events. The EOS R6 V can record footage in […]
Read more →Advocates urge Marcos to prioritize health taxes ahead of SONA
As the State of the Nation Address (SONA) draws near, advocates on Thursday called on President Ferdinand R. Marcos, Jr. to prioritize higher taxes on e-cigarettes, alcohol, and sweetened beverages to address health challenges burdening Filipino youth while generating additional revenue to fund public health programs. The call was made by the Youth for Health […]
Read more →Teachers’ groups back suspension of MMDA official after viral incident
Teachers’ groups on Thursday welcomed the temporary suspension of Metropolitan Manila Development Authority (MMDA) Special Operations Group-Strike Force Head Gabriel Go following his viral social media post on a traffic apprehension involving a teacher. “We welcome the MMDA’s decision to suspend Mr. Gabriel Go from clearing operations pending investigation,” Teachers’ Dignity Coalition (TDC) said in […]
Read more →Gov’t sells idle Atrium of Makati units for P1 billion
Built in the 1980s, the Atrium is among the more recognizable low-rise office buildings along Makati Avenue
Read more →Group flags active shooter drills as ‘band-aid solution’
A child rights group on Thursday said active shooter drills in public schools are a short-term response to rising school violence nationwide, urging the government to address the root causes of security threats. “These responses from the government on the rising school-related violence are lazy, reactive, and merely stopgap measures,” Salinlahi Alliance for Children’s Concerns […]
Read more →PhilSec 2026 becomes PH’s biggest cybersecurity summit as 1,000+ government, industry leaders unite under one roof
Product demos and impromptu discussions permeated the networking hours.
Read more →Alibaba's Amap Unveils ABot-World AI Models That Generate Interactive Video and 3D Scenes for Hours on a Single GPU
BEIJING, July 16, 2026 /PRNewswire/ -- Amap, Alibaba's location-based services platform, has released a pair of generative AI models that can produce interactive video and three-dimensional scenes in a unified framework, with the ability to run continuously for more than an hour on a single consumer-grade graphics processor. The models, including ABot-World-0 and ABot-3DWorld-0, are designed to overcome key limitations in the emerging field of "world models"-AI systems that simulate physical env
Read more →Angelini Pharma Completes Acquisition of Catalyst Pharmaceuticals
The Italian pharma company grows its presence in the U.S. market and strengthens its global leadership in Brain Health and Rare DiseasesCompletion of the transaction gives Angelini Pharma ownership of Catalyst’s product portfolioThe transaction is being carried out with the participation of funds managed by BlackstoneCDP Equity approves €1 billion investment in Angelini PharmaItaly remains a strategic production and scientific hub ROME and CORAL GABLES, Fla., July 16, 2026 (GLOBE NEWSWIRE) -- An
Read more →JETEX ENHANCES ITS CSR STRATEGY AND PARTNERS WITH THE WORLD FOOD PROGRAMME
Jetex Enhances Its CSR Strategy and Partners with the World Food Programme Jetex is partnering with the World Food Programme (WFP) to help raise awareness of global hunger and amplify opportunities for charitable giving across its international network. Dubai, July 16, 2026 (GLOBE NEWSWIRE) -- Jetex is partnering with the World Food Programme (WFP) to help raise awareness of global hunger and amplify opportunities for charitable giving across its international network. Through a dedicated awaren
Read more →US Mint produces a $1 coin bearing Trump's face to help celebrate America’s 250th birthday
WASHINGTON, D.C. — The US Mint has begun producing a new $1 coin bearing President Donald Trump's face to help celebrate America’s 250th birthday, the Treasury Department said Wednesday. The final design for the commemorative coin, being released in the fall, was approved earlier this year by the U.S. Commission of Fine Arts, whose members were appointed by Trump. But the finished product unveiled Wednesday differs from that version in a few aspects, including that it is not made of
Read more →Wærenskjold sprints to his 1st stage win at the Tour de France, Pogačar protects his lead
NEVERS, France — Norwegian rider Søren Wærenskjold sprinted to victory in the 11th stage of the Tour de France and Tadej Pogačar protected his overall lead on Wednesday. Wærenskjold finished just ahead of Olav Kooij, Jasper Philipsen and a host of other riders in a sprint finish that seemed inevitable on the relatively short and flat 161.3-kilometer (100.2-mile) route from Vichy to Nevers in central France. It's the 26-year-old Wærenskjold's first stage win, and ca
Read more →SingWealth Holdings Expands Regional Presence with PFP Capital Limited Launch in Hong Kong
HONG KONG, July 16, 2026 /PRNewswire/ -- SingWealth Holdings today announced the official launch of its Hong Kong-based asset management arm, PFP Capital Limited ("PFP Capital"), marking a significant milestone in the Group's regional footprint and advancing its long-term multi-market business strategy. Celebrating the official launch of PFP Capital Limited with key leaders from SingWealth Holdings & PFP Capital - William Ng, Simon Ng, Wendy Zhang, Linda Tan, Jeffrey Chow, Shawn Lim, Wong Soon L
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