Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1861 articles from BusinessWorld
Investors seek clarity on proposed reforms after SONA
MARKET ANALYSTS said investors will be looking for clarity on the administration’s proposed reforms and implementation plans following President Ferdinand R. Marcos, Jr.’s State of the Nation Address (SONA), particularly across the energy, infrastructure, and capital market sectors.
Read more →Mitsui tapped for coconut nanotechnology trials
THE Philippine Coconut Authority (PCA) said it signed a memorandum of agreement with Mitsui & Co. (Asia Pacific) Pte. Ltd. to test the use of nanotechnology in coconut farming. The partnership calls for two years of field trials to determine if nanotechnology can help increase coconut yields and improve the health of coconut trees. The […]
Read more →Cautious trading likely before inflation, GDP data
PHILIPPINE SHARES may trade cautiously this week as investors await the release of the latest inflation and gross domestic product (GDP) data to gauge the state of the economy and continue to monitor the situation in the Middle East. On Friday, the Philippine Stock Exchange index (PSEi) fell by 1.09% or 69.31 points to close […]
Read more →Marcos faces post-SONA test as wage freeze and debt cloud reform agenda
PRESIDENT Ferdinand R. Marcos, Jr. faces a tougher task sustaining public support for his reform agenda after the suspension of a wage increase in Metro Manila, a record national debt, and the bail grant to a former senator accused in a flood control graft case clouded the momentum from his fifth State of the Nation Address (SONA), analysts said.
Read more →Revilla bail underscores challenge of prosecuting top officials — analysts
THE Sandiganbayan’s decision to grant bail to former Senator Ramon “Bong” B. Revilla, Jr. in his malversation case has underscored the difficulty of prosecuting senior public officials in corruption cases, with analysts saying prosecutors often face the challenge of directly linking political figures to schemes despite evidence of irregularities.
Read more →House measures target lower electricity costs, rooftop solar
LAWMAKERS have filed two measures seeking to lower electricity costs by abolishing system loss charges passed on to consumers and easing regulatory requirements for households and businesses that generate electricity for their own use. In separate statements on Sunday, Speaker and Isabela Rep. Faustino “Bojie” G. Dy III and Ilocos Norte Rep. Ferdinand Alexander A. […]
Read more →Labor groups oppose NCR wage TRO
A LABOR coalition on Sunday criticized the court challenge that temporarily halted the implementation of the P85 daily minimum wage increase for private-sector workers in the National Capital Region (NCR). The Sentro ng mga Nagkakaisa at Progresibong Manggagawa (SENTRO) said one of the companies behind the petition had secured government infrastructure projects while seeking to […]
Read more →BCDA exec missing in La Union
POLICE have launched a search for Poro Point Management Corp. (PPMC) Director Nicky A. Oller after he went missing following a morning walk in Tubao, La Union on Friday. Authorities said Mr. Oller left his house at about 5:30 a.m. and failed to return, prompting his family to seek police assistance. Police have reviewed closed-circuit […]
Read more →PHL, Ukraine eye drone deal
THE Philippines and Ukraine are continuing discussions on a proposed drone co-production agreement first raised in 2025, with both sides still working on the framework, the Ukrainian Embassy in Manila said. “No updates on this so far. It is still work in progress on both sides,” Ukrainian Ambassador Yuliia Fediv told said via Facebook Messenger. […]
Read more →Isabela boosts cacao industry
THE Isabela provincial government is strengthening its cacao industry by promoting value-added products and expanding support for farmers. During the 2nd Isabela Cacao Festival in Echague, local growers showcased products such as chocolates, tablea and specialty drinks while receiving training on production, post-harvest processing, pest management and financial management. Provincial Agriculturist Sergio ST. Galamgam said […]
Read more →BoC confident of exceeding July collection target by at least P2B
THE Bureau of Customs (BoC) said it is on track to exceed its July collection target by at least P2 billion, based on the daily averages established with three collection days yet to be accounted for during the month. “As of today, we still have an excess of almost P2 billion. But we have three […]
Read more →PCCI says long-term reforms must follow removal of system loss from power bills
THE Philippine Chamber of Commerce and Industry (PCCI) said it supports the removal of the system loss charge and the resulting value-added tax from electricity bills, but urged the government to pursue further reforms. “The removal of system loss and associated VAT on electricity provides immediate relief, but it must be followed by broader reforms […]
Read more →All-cargo carrier Skyway Airlines targets fleet of 10 aircraft by 2030 to service farm demand
ALL-CARGO carrier Skyway Airlines, Inc. said it hopes to deploy 10 aircraft by 2030 in response to rising demand for agricultural and aquatic goods. “Our vision now is to connect the aqua-agri products of the Philippines to the world, which has not been done yet,” Vedant Bhardwaj, Skyway Airlines director for Business Development and External […]
Read more →Tobacco, vape firms ordered to register brands with BIR
THE Bureau of Internal Revenue (BIR) has given tobacco and vapor-product manufacturers, importers and exporters six months to register their brands and variants or face penalties. In Revenue Memorandum Circular No. 86-2026, published on July 31, the BIR released an updated registry covering 192 entries across 14 manufacturer, importer and exporter classifications. Citing Revenue Regulations […]
Read more →Tomato, cooking oil prices rise in mid-July, but pork, rice prices fall
THE Philippine Statistics Authority (PSA) said tomato and cooking oil prices rose month on month during the July 15 to 17 period, which the PSA calls the second phase of July, though key items like calamansi, pork and well-milled rice retreated. Tomato prices rose 36.4% month on month to P115.26 per kilogram. They were also […]
Read more →Transport dep’t seeking to hire MRT-7 engineering consultant, inspection firm
THE Department of Transportation (DoTr) said it invited bidders for a P563.32-million engineering consultancy and inspection contract for the Metro Rail Transit Line 7 (MRT-7) project. In a request for expressions of interest, the DoTr, as per its concession agreement with SMC Mass Rail Transit 7, Inc., said interested bidders can submit proposals until Aug. […]
Read more →PHL digital economy makes up 2.5% of GDP — ADB
THE PHILIPPINE digital economy is equivalent to 2.5% of gross domestic product (GDP), lagging the region’s leading economies like Taiwan (6.1%), South Korea (5.8%) and Singapore (5.4%), the Asian Development Bank (ADB) said. In a policy brief, the ADB said advanced economies tend to derive greater value from the digital economy. “These variations highlight the […]
Read more →The shift to digital tax: Are Philippine businesses ready?
The Bureau of Internal Revenue (BIR) is accelerating its digital transformation agenda through the implementation of electronic invoicing and, eventually, electronic sales reporting requirements for taxpayers.
Read more →Eala cruises to first WTA 500 final
AFTER conquering Mt. Fuji’s best, one step now separates Alexandra “Alex” Eala from reaching another summit for Philippine tennis. And whether she achieves it or falls just short, the 21-year-old Filipina is bound to soar to a new career-best ranking from a current placing at No. 28 and earn one of her biggest purses ever. […]
Read more →Akari beats Choco Mucho in four sets as Nisperos scores 9 points
FAITH NISPEROS was once one of the country’s promising talents that came out from college and her future looked bright when she signed up for the Akari Chargers three years ago in what was considered the biggest recruit back then. Until a devastating knee injury the next year derailed her path to a potential stardom. […]
Read more →Philippines rallies to defeat Laos, 4-1, in Asean Football Championship-Hyundai Cup
THE Philippines needed a strong finishing kick to overcome a one-goal deficit and beat Laos, 4-1, to revitalize its bid in the Asean Football Championship-Hyundai Cup on Saturday in Vientiane. Five days after a shocking 1-4 setback to Myanmar at home, the Filipinos stared at another potential disaster when the host Laotians drew first blood […]
Read more →Thompson vs DeRozan
The National Basketball Association (NBA) has never lacked for nostalgia. Every summer produces another attempt to reunite a fading star with a contender hoping that experience can compensate for declining athleticism. Sometimes it works. More often, it simply delays the inevitable. The Heat’s pursuit of Klay Thompson falls somewhere between those two possibilities. It’s understandable […]
Read more →Simplus launches ‘Live Young’ campaign for fifth anniversary
Home appliance brand Simplus launched its “Live Young with Simplus” campaign to mark its fifth anniversary, with the celebration featuring interactive events, a donation drive, and anniversary rewards for customers. The campaign celebrates “self-expression and modern living by helping today’s generation build a dynamic lifestyle that fits right into their routines,” the company said in […]
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