Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2373 articles from BusinessWorld
Toyota PHL expects vehicle output to fall this year
TOYOTA MOTOR Philippines Corp. (TMP) expects vehicle production to decline this year amid softer market demand that the automaker linked to higher oil prices stemming from the Middle East conflict. “It’s lower this year at maybe close to 60,000. Last year was about 63,000,” TMP Senior Vice-President for Marketing Division Sherwin T. Chua Lim said […]
Read more →Life insurers cover more than 50% of Filipinos
THE LIFE insurance industry covered more than half of the Philippine population as of the first half, driven by its growing branch and agency network. The Philippine Life Insurance Association, Inc. (PLIA) said in a statement that the sector now covers 63.5 million Filipinos, equivalent to around 55% of the country’s population. This was supported […]
Read more →Stuff to Do (09/18/26)
THE Design Center of the Philippines is marking a decade of the International Design Conference (IDC) with its 10th edition on Sept. 18 at the Foro de Intramuros, City of Manila, bringing together leading voices from the Philippines and around the world to look at how design can respond to the complexity and diversity of the world we live in.
Read more →SEC urges finance executives to help bring more firms to capital market
THE Securities and Exchange Commission (SEC) has urged financial executives to introduce more Philippine companies to the capital market earlier in their growth, as the country continues to lag regional peers in the number of listed firms and has yet to record an initial public offering (IPO) this year. SEC Chairperson Francisco Ed. Lim said […]
Read more →Are we ready for the next wave of global capital?
There is a revealing question behind the Philippines’ latest foreign direct investment numbers: are we failing to attract capital, or are we failing to prepare for the kind of capital that will shape the next economy? The distinction matters. The 2026 Global Atlas of Risk and Readiness (GARR) gives us a useful place to begin. […]
Read more →Finance runs on trust
At its most basic, the financial system performs a simple but indispensable function: it moves funds from those who have an excess of them to those who need them. Households place savings in banks. Banks transform deposits into loans. Investors provide capital to businesses. Pension funds convert workers’ savings into long-term investments. Governments borrow to […]
Read more →29% of hotel rooms expected by 2026 canceled — report
NEARLY three in 10 hotel rooms that had been projected two years ago to open by 2026 were canceled, even as the country’s current accommodation pipeline has grown to P387 billion through 2032. Of the 20,509 room keys identified in the 2024 Philippine Accommodation Pipeline Report for opening by 2026, 29% were canceled, while just […]
Read more →Peso inches up as oil prices ease
THE PESO edged higher against the dollar on Thursday as oil prices continued to go down on easing supply concerns. The currency gained 0.9 centavo to end at P62.73 versus the greenback from its P62.739 finish on Wednesday, according to Bankers Association of the Philippines data. The local unit opened Thursday’s session weaker at P62.83 […]
Read more →Migratory birds offer a natural flight path to growth and resilience
SOME of the world’s most valuable infrastructure has no owner, no border, and no name most people would recognize. It’s the network of wetlands that keeps migratory birds alive during their odysseys across the planet.
Read more →Nestlé says Philippines remains among top growth markets
SWISS food and beverage company Nestlé S.A. said the Philippines remains one of its top growth markets globally, citing demand for its brands and the country’s demographic and economic conditions. Nestlé said in a statement on Thursday that the Philippines’ young and growing population and economic growth provide opportunities for further investment. “The Philippines is […]
Read more →Visa Infinite refresh targets growing affluent segment in the Philippines
VISA has expanded offerings for its Visa Infinite cards, adding two new tiers with expanded access to more personalized experiences centered around lifestyle and travel amid strong payments growth in the affluent segment. “In a consumption-driven economy such as the Philippines, payments continue to shape how people dine, travel, shop, and pursue their passions. The […]
Read more →Why organizations need learning partners, not just training providers
Artificial intelligence is reshaping industries. Business models are evolving faster than ever. Organizations are being challenged to become more agile, innovative, and resilient amid economic uncertainty, technological disruption, and changing workforce expectations. Yet while many organizations are investing heavily in new technologies and transformation initiatives, one critical question remains: Do they have the people and […]
Read more →BI enforces hold order vs Romualdez and his co-accused in plunder case
THE Bureau of Immigration (BI) has implemented a Sandiganbayan hold departure order (HDO) against former Speaker and incumbent Leyte Rep. Ferdinand Martin G. Romualdez and three co-accused in a P7.44-billion plunder case linked to alleged kickbacks from government projects. Mr. Romualdez and co-accused Felicito C. Guevarra remain in the Philippines, while fugitive former Party-list Rep. […]
Read more →Malacañang studying more localized class suspension rules
THE government is studying more localized rules for suspending and resuming classes to reduce unnecessary disruptions to learning, Malacañang said on Thursday, as nearly three-fourths of public schools have experienced class cancellations this school year. Palace Press Officer Clarissa A. Castro said the proposed framework was discussed during the 11th Economy and Development Council meeting […]
Read more →CoA flags billions of pesos in NIA accounting deficiencies
THE Commission on Audit (CoA) flagged a P31-billion mismatch in the National Irrigation Administration’s (NIA) property accounts and P22.8 billion in assets without supporting property records, alongside billions of pesos in deficient or nonoperational irrigation projects. State auditors found a P31-billion discrepancy between NIA’s general ledger balances and physical inventory reports, while P22.8 billion in […]
Read more →DFA: Israeli settlement plan threatens peace
ISRAEL’S ADVANCEMENT of its E1 settlement plan and rising settler violence in the West Bank threaten prospects for a Palestinian state and a broader Middle East peace settlement, the Department of Foreign Affairs (DFA) said on Thursday. The DFA called on all parties to refrain from actions that could undermine the possibility of establishing a […]
Read more →Dynasty bill timeline up to Congress
PHILIPPINE legislators may have other pressing matters to attend to before they can advance a long-stalled anti-political dynasty bill, the Palace said, after the Supreme Court ordered Congress to pass such a law. Palace Press Officer Clarissa A. Castro on Thursday reiterated that President Ferdinand R. Marcos, Jr. considers the measure one of his priority […]
Read more →P14-B budget cut may weaken labor programs, analyst says
THE proposed P14.1-billion cut in the budget of the Department of Labor and Employment (DoLE) and its attached agencies could diminish the government’s capacity to provide labor and employment programs, particularly worker training and labor inspection, a labor economist said on Thursday. “The cut in DoLE’s appropriations will absolutely diminish its capacity to provide labor […]
Read more →Roblox open to appointing PHL representative
ROBLOX, an online gaming platform, is open to appointing a qualified third party as their local representative, Senator Ana Theresia “Risa” N. Hontiveros-Baraquel said on Thursday. In a statement, Ms. Hontiveros said she met with Roblox amid discussions to strengthen the Anti-Online Sexual Abuse and Exploitation bill, or SAGIP Bata Act. Under the bill, online […]
Read more →DoJ: Padilla case separate from ICC
THE Department of Justice (DoJ) said the obstruction of justice complaint against Senator Robinhood “Robin” C. Padilla is separate from any proceedings before the International Criminal Court (ICC). “The complaint that is now before the panel is filed by our Philippine National Police. So it is independent of and separate from any possible case or […]
Read more →Montenegro bans EVs on board
MONTENEGRO Shipping Lines, Inc. has banned all electric and hybrid vehicles to board its vessels across all routes following safety concerns after a recent fire incident. “In view of the recent maritime accident, wherein the initial investigation indicates that the explosion may have originated from an electric vehicle (EV). Management has decided to implement an […]
Read more →Emirates, OWWA team up for OFW support
DUBAI-BASED carrier Emirates has signed a memorandum of agreement with Overseas Workers Welfare Administration (OWWA) to provide support and repatriation assistance for overseas Filipino workers (OFW). “This collaboration extends beyond travel to recognizing the dedication of Overseas Filipino Workers and offering meaningful support to them and their families. We look forward to a successful collaboration […]
Read more →NIA pressed over additional P186-B budget request
SENATORS on Thursday pressed the National Irrigation Administration’s (NIA) for its proposed P186.42-billion additional budget amid unfinished utilization of the agency’s budget under the 2026 General Appropriations Act (GAA). During a Senate Finance Committee hearing on the 2027 budget, Administrator Eduardo Eddie G. Guillen explained that under the latest National Expenditure Program, only P47.43-billion has […]
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