Philippines Business News
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1861 articles from BusinessWorld
On platforms for independent filmmaking
BECAUSE the Cinemalaya Independent Film Festival is known for nurturing up-and-coming filmmakers, it sees quite a number of returning directors in its main competition lineup each year. BusinessWorld spoke with three of them about what Philippine indie cinema is like today. For Ma-an L. Asuncion-Dagñalan, a director and screenwriter whose debut film Blue Room won […]
Read more →Independent directors and independent thinking
Independent directors are a cornerstone of good corporate governance. They are expected to provide objective oversight, challenge management when necessary, and safeguard the long-term interests of shareholders and stakeholders. Yet as governance practices evolve, an important question remains: Is independence enough? A director may satisfy all regulatory requirements for independence and still fail to exercise […]
Read more →Peso up on yen intervention, Middle East peace deal hopes
THE PESO surged back to the P60-per-dollar level on Monday after the Japanese yen recovered following joint intervention from Japanese and United States regulators, and amid easing tensions in the Middle East. The currency jumped by 31 centavos to close at P60.93 versus the greenback from its P61.24 finish on Friday, data from the Bankers […]
Read more →Jollibee opens downtown San Francisco store
JOLLIBEE Foods Corp. (JFC) has opened a new Jollibee store in downtown San Francisco, expanding its presence in the Bay Area as part of its North American growth strategy. Located at 934 Market Street near the Powell Street Bay Area Rapid Transit (BART) station, the new outlet expands the group’s network to more than 100 […]
Read more →Active spaces key to vertical urbanism
MODERN urban living has long relied on the concept of 15-minute cities to promote more sustainable lifestyles. The post-pandemic world has further accelerated the importance of health and wellness in people’s lives.
Read more →Payments Network of the Philippines elects 2026-2027 board
STOCKHOLDERS of Payments Network of the Philippines, Inc. (PNPI) have elected their 15-member board of directors for the 2026-2027 term, with BDO Unibank, Inc. President and Chief Executive Officer (CEO) Nestor V. Tan appointed as chairman. At a meeting held last Thursday, Metropolitan Bank & Trust Co. (Metrobank) President Fabian S. Dee was also elected […]
Read more →Labor groups seek to lift TRO blocking NCR wage hike, join court challenge
SEVERAL labor groups asked a Pasig court on Monday to let them intervene in the case challenging the P85 daily minimum wage increase for Metro Manila workers, arguing that the temporary restraining order (TRO) suspending its implementation directly deprives workers of wages already granted under the wage order. In an urgent motion before Pasig Regional […]
Read more →Sandiganbayan rejects bid to drop Bonoan from Estrada corruption case
THE Sandiganbayan has denied the Office of the Ombudsman’s bid to amend the graft charge against former Senator Jose “Jinggoy” P. Ejercito Estrada, Jr. by removing former Public Works Secretary Manuel M. Bonoan as a co-accused, ruling that the proposed amendment would prejudice Mr. Estrada’s right to defend himself. In a 12-page resolution promulgated on […]
Read more →Motorists get relief as fuel prices fall by as much as P2.09/L this week
MOTORISTS will get modest relief this week as oil companies roll back pump prices by as much as P2.09 per liter (L), following softer global oil product prices, the Department of Energy (DoE) said on Monday.
Read more →Lawmakers push tax relief, lower power costs
LAWMAKERS have filed several measures seeking tax relief for workers and micro, small and medium enterprises (MSMEs), lower electricity costs for consumers and stronger environmental protection as Congress begins tackling reforms following President Ferdinand R. Marcos, Jr.’s fifth State of the Nation Address (SONA). In separate statements on Monday, Marikina Rep. Marcelino “Marcy” R. Teodoro […]
Read more →Tropical Depression Luis intensifies
TROPICAL DEPRESSION Luis intensified across northern Luzon on Monday, prompting the state weather bureau to raise Tropical Cyclone Wind Signal No. 1 over several provinces while issuing heavy rainfall warnings for nearly 20 areas. In its 11 a.m. bulletin, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) placed Isabela, Quirino, the central and eastern […]
Read more →OVP fund discrepancies flagged
By Kaela Patricia B. Gabriel A FORMER Commission on Audit (CoA) auditor on Monday testified before the Senate impeachment court that the Office of the Vice-President’s (OVP) liquidation reports for its December 2022 confidential funds contained discrepancies and expenditures that did not comply with government rules. Former auditor Roderick C. Wamil said acknowledgment receipts exceeded the […]
Read more →Marcos: Tighten BARMM security
PRESIDENT Ferdinand R. Marcos, Jr. has ordered security forces to ensure peaceful and orderly elections in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) ahead of its first regular parliamentary elections on Sept. 14, Malacañang said on Monday. “The President wants, and his directive is, for the BARMM elections to be peaceful, safe, and free,” […]
Read more →LANDBANK LGU loans hit P33.4B
STATE-OWNED Land Bank of the Philippines (LANDBANK) said its development financing for local government units (LGUs) in the Visayas reached P33.4 billion as of May, supporting local infrastructure and development projects. The total consisted of P32.7 billion released under the bank’s LGU lending program and P650.9 million under its LGU multi-developmental financing support program. “By […]
Read more →Marcoleta refuses plea in 3rd gift case
SENATOR Rodante D. Marcoleta on Monday refused to enter a plea in his third case for alleged violation of Presidential Decree (PD) No. 46, citing pending motions before the Supreme Court. The Sandiganbayan First Division entered a not guilty plea on his behalf after he declined to plead. His co-accused, businessman Aristotle B. Viray, pleaded […]
Read more →Palace backs Teodoro on WPS
MALACAÑANG on Monday backed Defense Secretary Gilberto C. Teodoro, Jr.’s call for public officials supporting China’s position on the West Philippine Sea (WPS) to examine their allegiance, saying government officials should uphold the country’s maritime policies. Palace Press Officer Clarissa A. Castro said the issue is about protecting Philippine interests, not imposing a “loyalty test,” […]
Read more →Palace unfazed by Revilla bail
MALACAÑANG on Monday said the grant of bail to former Senator Ramon “Bong” B. Revilla, Jr. does not weaken the government’s anti-corruption campaign, adding that the criminal proceedings against him continue. “We cannot say that the work of the Office of the Ombudsman and state prosecutors was insufficient,” Palace Press Officer Clarissa A. Castro told […]
Read more →Palace awaits Pujalte probe
PRESIDENT Ferdinand R. Marcos, Jr. will act on allegations against Health Secretary Jose Brittanio “Brix” S. Pujalte, Jr. only after formal investigations establish sufficient evidence, Malacañang said on Monday. Palace Press Officer Clarissa A. Castro said the President has not ordered any preventive suspension and would base any decision on verified facts. She added that […]
Read more →TESDA Visayas eyes bigger budget
REGIONAL offices of the Technical Education and Skills Development Authority (TESDA) in the Visayas are seeking bigger budget allocations for 2027 to expand scholarship programs, upgrade training facilities and boost technical-vocational education. During a House of Representatives hearing on Monday, TESDA Region 6 proposed a P618.45-million budget, while the newly created Negros Island Region sought […]
Read more →Agusan Sur town ‘insurgency-free’
THE municipality of Loreto in Agusan del Sur has been declared stable, marking the end of decades of New People’s Army (NPA) influence, military and local officials said. The declaration was led on Friday by Mayor Alvin A. Otaza and Army 10th Infantry Division Commander Major General Alvin V. Luzon following the surrender of 349 […]
Read more →Watsons Philippines pushes better gut health among Filipinos
Watsons Philippines on Monday pushed for better digestive system habits, as gut-health-related concerns remain a major concern among Filipinos. “We want to empower Filipinos to take charge of their well-being before everyday concerns become bigger problems,” Watsons Philippines Managing Director Danilo S. Chiong said in a statement. “We believe that better outcomes start with better […]
Read more →PHL stocks end higher on peace talks, strong data
PHILIPPINE SHARES climbed on Monday as easing Middle East tensions and optimism following strong manufacturing activity data boosted market sentiment. The Philippine Stock Exchange index (PSEi) went up by 1.57% or 98.28 points to close at 6,334.72, while the broader all shares index rose 1.03% or 35.11 points to end at 3,430.16. “The local market […]
Read more →Farmers seek 30% safeguard duty on rice imports
THE Federation of Free Farmers (FFF) and the Magsasaka Party-list said they asked the Tariff Commission to impose a 30% definitive safeguard duty on rice imports. The two groups also called for a modified minimum access volume system that would allow the government to manage the entry of imports more actively, in line with the […]
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