Philippines Business News

Sara’s impeachment trial narrowed to charges of unexplained wealth

THE SENATE impeachment court on Tuesday allowed House of Representatives prosecutors to withdraw three of the four impeachment charges against Vice-President Sara Duterte-Carpio, leaving allegations of unexplained wealth as the sole basis for a possible conviction.

Marcos trust rating rises to 36%; VP holds at 56%

PRESIDENT Ferdinand R. Marcos, Jr.’s trust rating rose by two percentage points to 36% in September, while Vice-President (VP) Sara Duterte-Carpio kept a substantial lead at 56% despite her impeachment trial, according to a Social Weather Stations (SWS) survey.

CoA flags P68.9-B accounting gaps, 47,139 vacant NHA housing units

THE Commission on Audit (CoA) flagged P68.92 billion in unreliable receivables at the National Housing Authority (NHA), while…

ERC suspends reserve market, orders revamp to lower costs

THE Energy Regulatory Commission (ERC) said it halted trading on the reserve market, where backup power is procured…

Next president urged to focus on infrastructure, curbing corruption

BUSINESS GROUPS said the next president needs to have a clear vision for reform, focusing on mobility infrastructure…

Licensing rules could limit outsiders from engaging in agri research — PIDS

THE Agriculturists Act could limit the availability of agricultural services and discourage specialists from participating in research and…

Building materials wholesale price growth in Metro Manila declines to 3-month low

WHOLESALE PRICE growth in September of construction materials in the National Capital Region (NCR) hit a three-month low,…

Davao transport modernization seen fully operational by 2028

THE Department of Transportation (DoTr) said it expects to begin the full operations of the Davao Public Transport…

Toyota puts forward new Tamaraw for PUV modernization program

TOYOTA MOTOR Philippines Corp. (TMP) said it is expanding its Next Generation Tamaraw model, positioning it as an…

Cagayan Valley targeted for ube production expansion

THE Cagayan Valley has been selected to expand ube (purple yam) production, according to the Department of Agriculture…

PHL clean-energy expansion risks oversupply, ACEN says

THE PHILIPPINES plans to expand renewable energy by 20 gigawatts (GW) via the green energy auctions (GEA) could…

Provinces guided on achieving measurable development results

THE Department of Economy, Planning, and Development (DEPDev) said it launched the Provincial Development Planning (ProvDP) Framework to…

How DBP botched Duterte-era contractor loans: lax checks, billions overdue

Meant to support the former president's Build, Build, Build drive, DBP's ICONS program instead left the bank with P4.09 billion in overdue contractor loans

Bond yields go up as market sees inflation staying elevated

THE GOVERNMENT made a partial award of its dual-tranche Treasury bond (T-bond) offering on Tuesday as the market…

Philippine demand for legacy planning grows as focus turns to wealth preservation, stability

DEMAND for legacy planning continues to grow in the Philippines as Filipinos want to ensure stability for their…

Peso slips on war fears, data

THE PESO declined slightly on Tuesday as fresh tensions in the Middle East boosted demand for the safe-haven…

NY Fed’s Williams sees one more rate hike this year, disinflation ahead

US blockade cuts Iranian crude exports to zero in October - report

Credit growth faces a slower 2027 runway – BMI

BMI expects Philippine bank lending growth to slow to 9% by end-2027 as tighter financial conditions weigh on loan demand and asset quality.

Power supply tightness supports spot prices; nuclear adds long-term growth optionality

Tight power supply could lift WESM prices in 2027, while nuclear development offers longer-term growth opportunities alongside execution and financing risks.

Banking watchdogs ramp up AI scrutiny as stability fears mount, sources say

NEW YORK/LONDON — Banking regulators are stepping up efforts to contain growing AI risks, six people familiar with…

ICTSI: Asian port congestion extending into 2027

Asian port congestion may support ICTSI pricing and ancillary revenues, but throughput constraints, operating costs and DGT's recovery remain key risks.

DOE: Visayas may face more red alerts in 2027 without sufficient backup systems

Energy officials say power barges and battery energy storage systems can address the imbalance in power supply and demand in the Visayas

Focus on 9 Filipino athletes in Dakar Youth Olympic Games

MANILA, Philippines — IT’S on to the Youth Olympic Games (YOG) in Dakar for nine young athletes aged no older than 17 seeing action in the games’ fourth edition set October 31 to November 13. “They are the future Olympians, future world champions and the Dakar YOG will provide them the platform to follow the footsteps of the Diazes and Yulos,” said Philippine Olympic Committee president Abraham “Bambol” Tolentino, referring to the country’s Olympic