Philippines Business News
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170 articles from BusinessWorld Economy
BCDA promises to obtain favorable Pax Silica terms
THE Bases Conversion and Development Authority (BCDA) said negotiations between the Philippines and US on the governing framework for the upcoming Pax Silica hub are ongoing, and committed to secure favorable terms for the Philippines. Speaking at the Kapihan sa Manila Bay forum on Wednesday, BCDA President and Chief Executive Officer Joshua M. Bingcang said […]
Read more →Welcoming RMC No. 72-2026
Companies often provide their officers and key personnel access to exclusive club facilities as part of their benefits package. Since proprietary club shares are normally required to be registered in the name of a natural person, corporations usually register these shares under the name of their officers who serve as nominees or trustees. Under this […]
Read more →Customs personnel handling seized goods to be issued body cameras
THE Bureau of Customs (BoC) plans to procure body cameras to better secure seized goods, following reports of attempted theft involving confiscated illicit cigarettes. In a statement on Tuesday, the BoC said it is implementing measures to improve the monitoring, protection and timely disposition of seized, forfeited and abandoned goods. “Among the measures is the […]
Read more →Galunggong, rice prices up; pork down in early Aug.
THE Philippine Statistics Authority (PSA) said prices of several key food commodities such as regular-milled rice, galunggong (round scad), and carabao mango rose month on month during the Aug. 1 to 5 period, which the PSA calls the first phase of August, with pork prices continuing to fall. The price of galunggong rose 1.3% month on month to P241.67 […]
Read more →LANDBANK’s P155-B financing package to help onboard PSALM to Link.BizPortal
LAND BANK of the Philippines (LANDBANK) said it approved a P155.0-billion Bilateral Term Loan Facility to onboard the Power Sector Assets and Liabilities Management Corp. (PSALM) to its Link.BizPortal digital payment platform. “At LANDBANK, we believe modernization must deliver real results for the public. Through this agreement, we are strengthening the financial and digital foundations […]
Read more →P210.93-million farm aid allocated to areas hit by storms, monsoon rains
THE Department of Agriculture (DA) said it will provide P210.93 million worth of farm inputs to assist farmers affected by Tropical Cyclones Luis and Maymay, as well as the enhanced southwest monsoon (habagat). In a bulletin released on Monday, the DA’s Disaster Risk Reduction and Management Operations Center said that among the farm inputs set […]
Read more →Australian healthcare group studying Philippine BPO operation
THE Philippine Economic Zone Authority (PEZA) said Australian healthcare provider Kairos Care and Kairos Medical Group are considering establishing outsourcing operations in the Philippines. “The delegation expressed solid interest in establishing export-oriented administrative and back-office operations serving its Australian and other global markets,” PEZA said in a social media post on Tuesday. The company is […]
Read more →Public consultation announced for draft order requiring certification of aluminum products
THE Department of Trade and Industry (DTI) said it is soliciting comment on a draft order that would require some aluminum products to undergo a certification process. “The draft DAO (department administrative order) covers the mandatory product certification of wrought aluminum and aluminum alloy products, with applicable requirements based on relevant Philippine National Standards,” it […]
Read more →Global economic zone association could set up regional headquarters in PHL
THE Bases Conversion and Development Authority (BCDA) said the World Free Zones Organization (WFZO) is considering setting up a regional office in the Philippines. In a recent meeting, WFZO executives discussed opportunities to promote the BCDA’s economic districts as global investment destinations, the BCDA said in a social media post on Monday. The WFZO discussed […]
Read more →Diesel prices set to rise by nearly P4 per liter
DIESEL PRICES are set to rise by about P3.84 per liter due to continued uncertainty about the on-again, off-again fighting in the Persian Gulf, according to the Department of Energy (DoE), which sets guide prices under its emergency powers. In an advisory on Monday, the DoE said gasoline prices are set to increase by P2.49 […]
Read more →Gov’t releasing funds faster for ‘appropriate’ projects — Palace
THE GOVERNMENT is releasing infrastructure funds more rapidly for “appropriate” projects as it seeks to balance the need to support growth while deterring corruption, Malacañang said on Monday. Palace Press Officer Clarissa A. Castro said the Department of Budget and Management (DBM) is leading efforts to meet the two objectives to make up for delayed […]
Read more →Ways and Means panel chairman seeks 2-year property valuation reform freeze
A SENIOR legislator proposed a two-year suspension of key provisions of the Real Property Valuation and Assessment Reform Act (RPVARA), citing the need to shield taxpayers from rising taxes, fees and other government charges. In a statement, House Ways and Means Committee Chairman and Marikina Rep. Romero “Miro” S. Quimbo said that House Bill No. […]
Read more →BYD Auto accelerating Philippine growth plans
BYD AUTO Co., Ltd. said it is accelerating its growth timeline in the Philippines, driven by strong demand for energy-efficient mobility. “The Philippines has become one of the most exciting and promising markets for new-energy vehicles in the region,” BYD Auto Co., Ltd. Chairman and President Wang Chuanfu said in a statement on Monday. “We are […]
Read more →National ube organization registers with SEC — DA
THE Department of Agriculture (DA) said the United Ube PH Association, Inc. has registered with the Securities and Exchange Commission (SEC) as a non-stock, non-profit organization dedicated to protecting the interests of the ube (purple yam) in domestic and international markets. The organization includes farmers, cooperatives, growers, processors, traders, exporters, researchers, academia, government agencies, and […]
Read more →Zamboanga electric co-op system loss falls to 13%
THE National Electrification Administration (NEA) said electric cooperatives (ECs) are moving to reduce system losses following a round of investments, citing improvements in Zamboanga City Electric Cooperative, Inc. (ZAMCELCO). NEA Administrator Antonio Mariano C. Almeda said some ECs posted significant reduction in their system loss levels, including ZAMCELCO. The electric cooperative reported that its system […]
Read more →New tax-exempt threshold: Tax relief or inflation adjustment?
During his fifth State of the Nation Address (SONA) on July 27, 2026, President Ferdinand Marcos, Jr. proposed increasing the annual personal income tax exemption threshold from P250,000 to P350,000. The proposal was touted as a form of tax relief intended to help workers cope with rising living costs and allow them to retain a […]
Read more →PHL fuel stockpiling plan attracts potential Middle Eastern partners
POTENTIAL PARTNERS from the Middle East have expressed interest in participating in the Philippine plan to build a strategic fuel reserve, the Department of Energy (DoE) said. Energy Secretary Sharon S. Garin said: “When we met with Japan for regional stockpiling, some Middle Eastern countries were there and they were interested in joining the project […]
Read more →Gov’t counting on GOCC subsidies to fall 27.6% to P191.8 billion in 2027
BUDGETARY SUPPORT for government-owned and -controlled corporations (GOCC) is expected to decline 27.6% to P191.8 billion in 2027, according to the Department of Budget and Management. According to the 2027 Budget of Expenditures and Sources of Financing (BESF) funding for government corporations and entities is projected to fall by about P73.1 billion from P264.9 billion […]
Read more →BIR eases early-withdrawal PERA rules
THE Bureau of Internal Revenue (BIR) said it eased the rules on premature withdrawals from Personal Equity and Retirement Accounts (PERA), limiting the 20% penalty to income attributable to the portion actually withdrawn. In Revenue Memorandum Circular (RMC) No. 91-2026, the BIR clarified that only the gross income earned attributable to PERA assets that are […]
Read more →Strong PHL demand for US dairy seen continuing
THE US Dairy Export Council (USDEC) said on Thursday that it expects strong Philippine demand for US dairy products to continue. Speaking on the sidelines of a trade seminar organized by the USDEC in Makati, Dali Ghazalay, USDEC regional director for Southeast Asia, told reporters that the US exported nearly 143,000 metric tons of dairy […]
Read more →France provides 200-M euro blue-economy package
THE PHILIPPINES has obtained 200 million euros in financing from the French Development Agency (AFD) for the Marine Ecosystems for Blue Economy Development Program, Subprogram 1, the Department of Finance (DoF) said. In a statement on Thursday, the DoF said the financing will help protect marine ecosystems and resources while expanding opportunities in the blue […]
Read more →Graduates’ skills still misaligned with employer needs, economist says
EMPLOYERS continue to encounter mismatches between their requirements and the qualifications and skills of job applicants, an economist said. “There is a persistent skills mismatch where fresh graduates’ qualifications do not align well with what employers are hiring for,” Jose Ramon G. Albert, senior research fellow at the Philippine Institute for Development Studies, said. The […]
Read more →BCDA expects Double 11 estate in New Clark City completed by 2027
THE Bases Conversion and Development Authority (BCDA) said Filipino-owned developer Double 11 Properties Corp. expects to complete its mixed-use estate in New Clark City by 2027. Last month, ground was broken on the first phase of construction of D11 Super Station, a two-hectare mixed-use development in the Tarlac economic zone, the BCDA said in a […]
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