Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
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Impact of fertilizer crisis to start showing up in global harvests by 2027, OECD, FAO say
THE fertilizer shortage caused by the Persian Gulf war will start showing up in crops by 2027, the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO) said. In their Agricultural Outlook for 2026 to 2035, the two organizations said increased energy prices and reduced fertilizer could lead to the […]
Read more →El Niño strategy to focus on irrigation, cold storage
AGRICULTURE SECRETARY Francisco P. Tiu Laurel, Jr. said the Department of Agriculture’s (DA) plans for the looming El Niño will center around irrigation and water impounding projects as well as expanding the cold storage network to preserve the harvest and minimize the need to import. Mr. Laurel said inadequate storage and infrastructure is a major factor […]
Read more →Cebu cold storage supply tightening, warehouse leases stable — PRIME
THE supply of cold storage in Cebu is tightening, with a vacancy rate of only 2% of the estimated 105,600 square meters (sq.m.) of leasable pallet positions, PRIME Philippines said in a special market report. The shrinking vacancies at temperature-controlled logistics providers was attributed to rising port activity and changing consumer supply chain preferences. Major […]
Read more →Cement industry sets decarbonization targets
CEMENT manufacturers said they plan to cut back on clinker and accelerate the shift to alternative fuels in order to reduce the industry’s carbon footprint. The Cement Manufacturers Association of the Philippines (CeMAP) launched the Philippine Cement and Concrete Industrial Decarbonization Roadmap on June 29, with a target to reduce clinker use to 68% of […]
Read more →Philippine pineapple shipments start arriving in UAE
THE Department of Agriculture (DA) said on Tuesday that an 18-metric ton (MT) shipment of fresh MD2 pineapples landed in the United Arab Emirates (UAE). The DA made the announcement after a ceremonial launch held at the Al Aweer Fruit and Vegetable Market in Dubai which was organized by the DA’s Office of the Agricultural […]
Read more →BIR, Swiss chamber sign cooperation agreement
THE Bureau of Internal Revenue (BIR) said it signed a memorandum of understanding (MoU) with the Swiss Chamber of Commerce of the Philippines (SwissCham) to collaborate on tax policy and administration. In a statement on Tuesday, the BIR said the MoU establishes a framework for cooperation through regular dialogue, knowledge sharing, technical exchanges, assistance in […]
Read more →Private sector seeks easing of merger notification rules for PPPs
THE private sector is pushing for an easing of merger notification requirements for public-private partnership (PPP) projects, citing the need to accelerate infrastructure development, the Philippine Competition Commission (PCC) said. The PCC had conducted focus group discussions among companies, regulators, and investment promotion agencies on the draft rules updating the process for exempting PPP projects […]
Read more →PHL firms lag in cybersecurity for AI adoption
Philippine companies still lack cybersecurity strategies to protect their businesses as they increase their adoption of artificial intelligence (AI), according to a global AI and cybersecurity firm. “A lot of companies are jumping on the bandwagon. Everyone’s talking about it; everyone’s curious to know more about AI,” Palo Alto Networks Country Director Bernadette L. Nacario […]
Read more →Sugar farmers, workers seek audit of RSSI funds as pest continues to ravage Negros farms
At least 16,019 hectares of sugar farms on Negros Island, mostly in Negros Occidental, are affected by red-striped soft scale insect (RSSI) reinfestation
Read more →EARLY CLOSURE OF SUBSCRIPTION PROCESS FOR 6TH TRANCHE OF UAB "KVARTALAS" BONDS
UAB "Kvartalas”, legal entity code 305475438, with its registered address at Jogailos st. 4, Vilnius, Lithuania, hereby announces that, due to sufficient investor demand, it has been decided to close the subscription process for the offering of the 6th tranche of bonds (ISIN LT0000411167) with effect from the time of this announcement. New subscription orders are no longer accepted. As of the time of this announcement, Nasdaq Exchange Members shall not accept any new subscription orders from inv
Read more →Lee breaks through the mist, grabs 2-shot lead with 69
MANILA, Philippines – A thick blanket of fog rolled in and out of Pinewoods Golf and Country Club on opening day, repeatedly halting play and adding an eerie unpredictability to an already demanding layout. Through the shifting visibility and mounting pressure, 17-year-old Tiffany Lee stayed composed just long enough – and struck just boldly enough – to seize control of the ICTSI Pinewoods Challenge. Lee closed with a three-under 69, highlighted by a blistering late stretch tha
Read more →Final Tickets Released for Sydney's Acclaimed Sistine Chapel Immersive Experience - Don't miss it
Sistine Chapel, SYDNEY, AUSTRALIA - Final Weeks | Closes July 19 SYDNEY, June 30, 2026 /PRNewswire/ -- With school holidays approaching and demand continuing to build, the final release of tickets for Sistine Chapel: Revelations - An Immersive Exhibition is now available. Sistine Chapel Revelations: Projection Room Since opening at St Mary's Cathedral, tens of thousands of visitors have stepped inside this groundbreaking immersive experience, drawn by its combination of breathtaking visuals, pow
Read more →Alstom appoints Yann Maixandeau as Managing Director for East Asia
Yann Maixandeau will lead Alstom's operations in East Asia Cluster, covering Hong Kong, Korea, Malaysia, Philippines, Singapore, Thailand, Taiwan, and VietnamWith nearly two decades at Alstom, Yann has built extensive international leadership experience across strategy, operations, finance and project management in Singapore, Malaysia, India, South Africa, France and BrazilSINGAPORE, June 30, 2026 /PRNewswire/ -- Alstom, global leader in smart and sustainable mobility, has appointed Yann Maixand
Read more →Qashier Turns Profitable on US$1 Billion in Annual Payment Volume, Raises US$6.125 Million to Accelerate Regional Expansion
The Singapore-headquartered merchant operating system grew annualised recurring revenue 61% in 2025 and turned profitable across four Southeast Asian markets on a lean capital base. SINGAPORE, June 30, 2026 /PRNewswire/ -- Qashier, a unified merchant operating system for Southeast Asia, today announced a US$6.125 million Series A+ financing round comprising equity and debt. The round was led by Cocoon Capital, IFP Securities and BlackSoil Global, with participation from strategic angel investors
Read more →Ja Morant is headed to Portland after the Memphis Grizzlies trade the 2-time All-Star
Ja Morant is headed to Portland, after the Trail Blazers and Memphis completed a trade Monday night that sees the Grizzlies starting anew and gives the two-time All-Star a chance to revive his career. Portland sent forwards Jerami Grant and Kris Murray to the Grizzlies as part of the deal. It’s a big swing by the Trail Blazers and could suggest Portland — with new owner Tom Dundon, whose Carolina Hurricanes just won the Stanley Cup — might not be done making moves. Morant adds
Read more →Jixun Technology Hits 100-Store Milestone, Accelerating Domestic Growth Strategy
SUZHOU, China, June 30, 2026 (GLOBE NEWSWIRE) -- Jixun Technology, a pioneer in smart micro-mobility, today announced the simultaneous opening of 100 retail stores across China, marking a massive scale-up of its national sales and service network. A key anchor of this expansion is the newly unveiled flagship store in Jining, which solidifies Jixun’s strategic push into the East China market. The milestone event was attended by Jixun Technology President Jensen Zhang, dealer representative Lu Xin
Read more →LIFT Reports Drill Results from Yellowknife Lithium Project, NWT
VANCOUVER, British Columbia, June 30, 2026 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. ("LIFT” or the "Company”) (TSXV: LIFT) (ASX:LFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to report results from the 2026 winter and 2025 summer programs completed at the Yellowknife Lithium Project ("YLP”), located outside the city of Yellowknife, Northwest Territories (Figure 1). This news release provides results from 20 holes drilled on the YLP, for a total of 5,324 m. Seventeen of these holes (4,778 m) were dr
Read more →EBC Financial Group and the University of Oxford's Department of Economics Renew Partnership on Public Economic Education
Three-year collaboration to broaden access to economic research through the What Economists Really Do webinar series LONDON, June 30, 2026 (GLOBE NEWSWIRE) -- EBC Financial Group (EBC) has renewed its strategic partnership with the Department of Economics at the University of Oxford for a further three years, extending a collaboration that helps bring economic research to wider public audiences around the world. As part of the renewed partnership, EBC will sponsor one annual edition of the Depar
Read more →Veson Nautical Introduces the Veson Platform, a New Foundation for Maritime Trade
Combines contextual AI with deep maritime industry intelligence; unifies an enhanced IMOS experience with CoCaptain, Mail, and new Insights data products BOSTON, June 30, 2026 (GLOBE NEWSWIRE) -- Veson Nautical today announced the Veson Platform, a unified, AI-powered experience that brings together IMOS, CoCaptain, Mail, and newly released Vessel Insights and Bunker Insights under a single interface. With the Veson Platform, maritime teams can now access advanced workflows, collaboration capabi
Read more →Vanquis Selects Freshworks to Modernize Service Management as Gateway Transformation Nears Completion
Leading UK specialist bank selects Freshservice to simplify operations, improve colleague experience and support its digital-first transformation LONDON, June 30, 2026 (GLOBE NEWSWIRE) -- Freshworks (NASDAQ: FRSH) today announced that Vanquis, a leading UK specialist bank, has selected Freshservice as its AI-powered service operations platform to support the next phase of its digital transformation. The selection is a key milestone in Vanquis’ broader Gateway programme, the bank’s flagship techn
Read more →American Idol, The Voice Finalists Lend Their Voices To Special Holiday Anthem Benefiting Childhood Cancer Warriors
Cover Version of ‘Do They Know It’s Christmas?’ Will Be Available on All Major Streaming Platforms Benefiting Cure 4 The Kids Foundation Do They Know It's Christmas? American Idol Finalists Mackenzie Sol, Drew Ryn, Maryjo Young, Amanda Barise, and Samoan Silk along with former member of Why Don’t We, Jonah Marais, The Voice Finalist Sadie Dahl, and TikTok creator Peng Peng are adding their voices to a special holiday charity project that will save lives and support children battling cancer. Cure
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