Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
311 articles from BusinessWorld Economy
Agricultural exports plunge 26.1% in August
AGRICULTURAL EXPORTS fell 26.1% in August to $554.70 million, bringing two-way farm trade to $2.22 billion, the lowest…
Read more →PHL urged not to surrender high-value work to foreign Pax Silica partners
THE Pax Silica initiative opens up opportunities for the Philippines to embed itself into global technology networks, but its objective should be to capture a share of the high-value parts of the supply chain, GlobalSource Partners, Inc. said.
Read more →Energy department targets 2030 rollout for 1%-blend sustainable aviation fuel
THE PHILIPPINES is pushing for a 1% sustainable aviation fuel (SAF) blend by 2030 to help decarbonize the…
Read more →DA pushes to extend toll fee waiver for produce haulers until end of year
THE Department of Agriculture (DA) said it is negotiating with toll road operators to extend the toll waiver…
Read more →DHL Philippines on track for fully electric fleet by 2030
DHL Express Philippines said it remains on target to fully electrify its vehicle fleet by 2030. “We’ve got…
Read more →P300-million funding proposed to expand ube production
THE Department of Agriculture (DA) said it needs P300 million to expand ube (purple yam) production by doubling…
Read more →Extra corn imports defended before Congress as precaution vs El Niño
THE Department of Agriculture (DA) said on Tuesday that it wants to import corn beyond the minimum access volume (MAV) to address shortages while taking care to shield domestic farmers against an influx of imports during the harvest.
Read more →PHL’s first battery recovery facility expected to be completed this year
TSUMUGI ELV Dismantling Corp. (En Tsumugi), which is behind the country’s first model end-of-life vehicle (ELV) dismantling plant,…
Read more →PPP Center signs deal with Lapu-Lapu City to build capacity for executing PPP projects
LAPU-LAPU CITY is seeking to develop more infrastructure and public service projects through public-private partnerships (PPPs), the PPP…
Read more →Large taxpayers now eligible for BIR portal services
THE Bureau of Internal Revenue (BIR) has extended Taxpayer Portal services to large taxpayers covered by the Ease…
Read more →AstraZeneca considering PHL clinical ‘center of excellence’
THE Department of Trade and Industry (DTI) said it entered into a partnership with AstraZeneca PLC, which is…
Read more →DBM asked to release rest of P45B for El Niño measures
THE Department of Agriculture (DA) said on Monday that it asked the Department of Budget and Management (DBM)…
Read more →Toshiba PHL expanding to make higher-value electronics products
TOSHIBA CORP. is planning to grow its production capacity in the Philippines to make more nearline hard disk…
Read more →Fuel price movements to be mixed this week
OIL COMPANIES signaled that fuel price adjustments will be mixed this week due to the volatility of energy…
Read more →ADB technical assistance to help PHL deal with money laundering, terrorist finance
TECHNICAL ASSISTANCE from the Asian Development Bank (ADB) to help the Philippines deal with illicit finance is expected…
Read more →ADB could invest in PHL-focused PE fund
THE Asian Development Bank (ADB) is considering investing in Navegar III, potentially joining other international development institutions backing…
Read more →IEMOP told to withhold 2% from genco remittances
THE Bureau of Internal Revenue (BIR) has ordered the Independent Electricity Market Operator of the Philippines (IEMOP) to…
Read more →Region’s geothermal potential estimated at 34 GW with sufficient policy support
SOUTHEAST ASIA could unlock geothermal power potential of 34 gigawatts (GW) with the right mix of policy support,…
Read more →Meat seizures in Pasay City top P5 million
THE Department of Agriculture (DA) said it and the National Bureau of Investigation (NBI) seized P5.19 million worth…
Read more →Rice stocks fall 8% in early Sept., corn up 47%
THE national rice inventory fell 8% year on year as of Sept. 1, while corn stocks rose 47%,…
Read more →The first year of VAT on digital services
While rewatching When Life Gives You Tangerines, one of my favorite Korean dramas, I found myself appreciating how…
Read more →Trade deficit expected to widen as El Niño forces more food imports
THE trade deficit could widen in the coming months as dry conditions brought by El Niño compel the country to import more agricultural commodities, analysts said.
Read more →El Niño threat driving buildup of food stocks, storage capacity
THE Department of Agriculture (DA) said its preparations for the El Niño include building up stocks of food…
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