Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2373 articles from BusinessWorld
Engel’s law, not mayabang: Why the Philippines’ savings crisis is an income crisis
On Aug. 27, BSP Governor Eli Remolona, Jr. blamed the Philippines’ low savings rate on Filipinos being mayabang — boastful/arrogant — and having a “consumption culture.” It was meant to be a laymanized answer to an earlier question from Senator Erwin Tulfo about why the peso keeps on depreciating. This article sets the factual context […]
Read more →CCA Manila launches ProBaking program for aspiring bakers
The Center for Culinary Arts (CCA) Manila has expanded its short-course offerings with the launch of its new Professional Baking Program (ProBaking) at its Bonifacio Global City (BGC) satellite campus, catering to aspiring bakers, career shifters, and food entrepreneurs. The new program is in addition to the existing the Professional Chef Program (ProChef). Designed for […]
Read more →InstaPay, PESONet transfers top P22T
CASHLESS TRANSACTIONS continued to grow, with transfers made via InstaPay and PESONet amounting to over P22 trillion as of August, data from the Bangko Sentral ng Pilipinas (BSP) showed. In the first eight months, InstaPay and PESONet transfers reached a combined value of P22.124 trillion, up 44.72% from the P15.288 trillion seen in the same […]
Read more →TMP expects 2026 auto sales drop amid Middle East crisis
TOYOTA Motor Philippines Corp. (TMP) expects total vehicle sales in the country to decline this year as geopolitical tensions in the Middle East weigh on market demand. “We see that [auto sales] is gonna be lower than last year [for] the whole market,” TMP Senior Vice-President for Marketing Sherwin T. Chua Lim told reporters last […]
Read more →Middle East conflict tests Philippine banking system’s resilience
THE Philippine banking system is now showing signs of strain from the Middle East conflict via second-order impact, manifesting through the effect of a weak economy, elevated inflation, and market volatility on loan quality and demand, as well as credit costs.
Read more →Anti-graft groups return to streets one year after Trillion Peso March
CIVIL SOCIETY, religious and youth groups are set to return to the streets of Manila on Monday, a year after the Trillion Peso March, to press for the prosecution of officials implicated in anomalous flood control projects.
Read more →Duterte ICC appearance does not settle fitness issue — political analysts
FORMER President Rodrigo R. Duterte’s first in-person appearance before the International Criminal Court (ICC) does not resolve whether he is fit to stand trial, analysts said, as judges prepare for the Nov. 30 opening of his crimes against humanity trial.
Read more →Anti-dynasty law could reshape polls but wider reforms needed — analysts
AN ANTI-POLITICAL dynasty law could reshape electoral competition in the Philippines by limiting family control of elective posts, but broader electoral reforms would be needed to produce lasting changes in the country’s political system, analysts said.
Read more →China threatens PHL civilian sea missions
CHINA’S increasingly close encounters with Philippine civilian government vessels could make it harder for Manila to safely carry out fishery and humanitarian missions in the South China Sea, a security analyst said. “The provocation is a result of the continuing plan to fortify Palawan as a military base,” Chester B. Cabalza, president of the International […]
Read more →PHL reaffirms One China Policy
THE Department of Foreign Affairs (DFA) on Sunday reaffirmed the Philippines’ adherence to the One China Policy but maintained it does not prevent the country from pursuing relations with Taiwan. The policy, recognizes the People’s Republic of China as the sole legal government of China, remains “consistent, clear and unchanged,” the DFA said in a […]
Read more →Petition vs DENR waste-to-energy rules junked
THE Supreme Court (SC) dismissed a challenge to the Department of Environment and Natural Resources’ (DENR) waste-to-energy rules, saying the petition raised scientific and factual questions that should first be resolved by a lower court. The SC en banc dismissed the petition filed by environmental groups and individuals against DENR Administrative Order (DAO) No. 2019-21, […]
Read more →270 Filipino seafarers deported from US ports, groups say
AROUND 270 Filipino seafarers have been removed from their vessels and deported from United States ports, migrant rights groups said on Sunday, prompting calls for an investigation into the cases and greater protection for Filipino maritime workers. In a statement, the Save Our Seafarers (SOS) movement, led by the Pilipino Workers Center (PWC) and Center […]
Read more →Coalition-building next step for BARMM, senator says
THE newly elected parliament of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) will need to focus on coalition-building, Senator Francis Pancratius “Kiko” N. Pangilinan said on Sunday. In a statement, Mr. Pangilinan explained that the region’s government has to be formed through coalition and sustained dialogue since it has no majority mandate. The first […]
Read more →Immediate action sought to compensate MV June Aster victims
SENATOR Erwin T. Tulfo on Sunday called for immediate government action to deliver fair compensation to survivors and bereaved family members of the MV June Aster ferry fire. As of Sept. 17, the Philippine Coast Guard (PCG) identified a total of 128 persons onboard the ferry through verified ticket manifests, including 43 survivors, 77 dead, […]
Read more →School safety plan bill pushed after Cotabato shooting
SENATE PRESIDENT Sherwin T. Gatchalian pushed for the passage of the Comprehensive School Safety Act to establish a National Comprehensive School Safety Framework following a school shooting incident. The latest violent incident at Banga National High School in South Cotabato on Sept. 18, the third school shooting in the Philippines since June, has killed three […]
Read more →Social media platforms must secure congressional franchise, lawmaker says
A LAWMAKER on Sunday said major social media platforms should secure congressional franchises before operating in the Philippines, saying stronger government oversight is needed as online platforms increasingly affect public safety and national security. Under House Bill No. 4786, the Social Media Platform Franchise Act, Quezon Rep. David C. Suarez proposed treating social media platforms […]
Read more →Seed No. 3 Eala eyes deep run in Singapore Open this week
ALEXANDRA “ALEX” EALA will plunge back to action with a splash, officially becoming the No. 3 seed in the Singapore Open as the first tournament of the highly anticipated Asian Swing this week. The 21-year-old Filipina pride will head straight into the Round of 16 with a first-round bye, looking for a deep run in […]
Read more →Philippines women’s chess squad routs Sri Lanka, 3-1, shares 13th place in World Chess Olympiad
WOMAN INTERNATIONAL Master (WIM) Jan Jodilyn Fronda continued to show top form as she bested Sayumi Halangoda on fourth board to fuel the Philippines’ 3-1 victory over Sri Lanka and reclaim their place in the top 15 after four rounds of the 46th World Chess Olympiad at the Silk Road International Exhibition Centre in Samarkand, […]
Read more →Spurs’ defensive frailties
There was a time when professional football clubs treated defensive discipline as an assumed birthright rather than an acquired luxury. In the Premier League’s unforgiving ecosystem, building a credible contender invariably began by securing the rear guard; established structural rigidity came first, and then, in due course, trusted talent to resolve the final third. In […]
Read more →Philippine-India trade talks expected to start next year
THE PHILIPPINES is looking to begin talks for a preferential trade agreement (PTA) with India next year, with the Department of Trade and Industry (DTI) currently in the process of concluding its trade negotiations with the European Union and Canada. “I hope we can start negotiations next year,” Trade Undersecretary Allan B. Gepty told reporters […]
Read more →Farmers propose live-hog floor price of P210 per kg
AGRICULTURE SECRETARY Francisco P. Tiu Laurel, Jr. said the hog industry is proposing a P210 per kilogram (kg) floor price for live hogs, citing the need for relief from low farmgate prices. Speaking on the sidelines of the inauguration of the Philippine Carabao Center’s National Sex-Sorting Laboratory in Muñoz, Nueva Ecija, Mr. Laurel told reporters […]
Read more →ADB allocates up to $6B for blue economy in Southeast Asia
THE Asian Development Bank (ADB) will mobilize up to $6 billion through 2030 to support fisheries, coastal infrastructure and other blue-economy investments in Southeast Asia. ADB President Masato Kanda announced the ASEAN (Association of Southeast Asian Nations) Blue Economy Initiative at the 58th ASEAN Economic Ministers’ Meeting in Metro Manila on Saturday. “The ocean is […]
Read more →Drone rollout next year to support rice farming
THE Philippine Rice Research Institute (PhilRice) said it expects to roll out its Drones4Rice program by next year to help modernize rice farming. Speaking on the sidelines of PhilRice’s Lakbay Palay event at its Central Experiment Station in Muñoz, Nueva Ecija, PhilRice Deputy Executive Director for Research Eduardo Jimmy P. Quilang told reporters that the […]
Read more →