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Philippines Business News

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1861 articles from BusinessWorld

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BusinessWorldJul 29, 2026

Binance StratBox pilot eyed within the year

BLOCKSHOALS Technologies, Inc., which operates Binance as a crypto-asset intermediary (CAI) under the Securities and Exchange Commission’s (SEC) Strategic Regulatory Sandbox (StratBox), is targeting a launch within the year after completing regulatory requirements, company officials said. The company is currently onboarding a Bangko Sentral ng Pilipinas (BSP)-licensed virtual asset service provider (VASP) to enable fiat-to-cryptocurrency […]

BusinessWorldJul 29, 2026

YPC Stage brings tales of heartbreak from Biñan to QC

A THEATER GROUP from Biñan, Laguna — YPC Stage — is ranging further afield, staging a set of three one-act plays in Metro Manila. Titled Mapanakit! Mga Dulang Bittersweet, it opened last week at the Ignacio B. Gimenez-Kolehiyo ng Arte at Literatura Theater (IBG-KAL Theater) in the University of the Philippines Diliman, Quezon City (QC), […]

BusinessWorldJul 29, 2026

Peso rises further on peace deal hopes

THE PESO strengthened further against the dollar on Tuesday as global oil prices continued to go down amid hopes for a end to the Middle East conflict, and after the Philippine central bank chief said more aggressive monetary action remains unlikely despite ongoing global market volatility. The currency rose by 6.1 centavos to close at […]

BusinessWorldJul 29, 2026

URC cited for employee development programs

UNIVERSAL ROBINA CORP. (URC) said it received recognition at the Philippines’ Best Employer Brand Awards 2026 for its employee development and workplace programs. In a statement on Tuesday, the company said its workforce initiatives include leadership development, early-career programs, employee engagement efforts, and continuous learning opportunities. URC said these initiatives form part of its “Grow […]

BusinessWorldJul 29, 2026

Filipina develops sustainable alternative to concrete blocks

A FILIPINA engineer is pushing wider adoption of sustainable construction materials in the Philippines after developing organic hollow blocks made from locally sourced materials as an alternative to conventional concrete.

BusinessWorldJul 29, 2026

Banana leaf startup turns farm waste into jobs, eco-friendly products

A ZAMBOANGA-BASED startup is turning discarded banana leaves into eco-friendly products while creating jobs for marginalized communities in Mindanao. “There are a lot of projects focusing on banana production, but the leaves are just left to wither without any relevant use,” Unas Canvas (UnVas) inventor Julienne Stephanie Fabie-Agapin told BusinessWorld via Zoom. She said the […]

BusinessWorldJul 28, 2026

Philippine stocks go down on last-minute selling

PHILIPPINE SHARES declined on Tuesday due to last-minute selling and as investors stayed cautious on lingering geopolitical uncertainty and corporates’ earnings outlook. The Philippine Stock Exchange index (PSEi) dropped by 0.17% or 10.87 points to close at 6,304.03, while the broader all shares index went down by 0.24% or 8.33 points to end at 3,427.04. […]

BusinessWorldJul 28, 2026

Ombudsman orders Romualdez to answer flood control complaints

FORMER Speaker and Leyte Rep. Ferdinand Martin G. Romualdez and the other respondents in the Office of the Ombudsman’s flood control investigation have been ordered to submit their counter-affidavits after the agency’s preliminary investigation panel found sufficient basis to require them to answer the complaints. Assistant Ombudsman Jose Dominic “Mico” F. Clavano IV confirmed the […]

BusinessWorldJul 28, 2026

Senators back changes to EPIRA, vow to prioritize power cost measures

SEVERAL senators on Tuesday backed President Ferdinand R. Marcos, Jr.’s call to amend the Electric Power Industry Reform Act (EPIRA) of 2001 and remove system loss charges from consumers’ electricity bills, with lawmakers promising to prioritize measures aimed at lowering power costs. Senate Energy Committee Chairman Erwin T. Tulfo filed resolutions seeking an investigation into […]

BusinessWorldJul 28, 2026

SC weighs broader foreign divorce recognition bid

THE Supreme Court (SC) on Tuesday weighed competing legal arguments on whether Philippine courts may recognize a foreign divorce obtained by a natural-born Filipino who later became a US citizen and eventually reacquired Philippine citizenship, as it continued oral arguments on a petition involving the Family Code.

BusinessWorldJul 28, 2026

House backs trial revamp

THE House of Representatives prosecution panel has agreed to revise the sequence of witness presentations in Vice-President Sara Duterte-Carpio’s impeachment trial, Senate impeachment court spokesman Reginald Tongol said on Tuesday. Under the proposed arrangement, prosecutors and the defense will alternately present evidence on each impeachment article before proceeding to the next. Mr. Tongol said the […]

BusinessWorldJul 28, 2026

DoJ clears cyberlibel charges

THE Department of Justice (DoJ) on Tuesday approved the filing of cyberlibel and perjury charges against 18 people and their lawyer over a joint sworn statement, related media appearances and online posts. The DoJ said the 18 face 10 criminal charges, including six counts of cyberlibel and four counts of perjury, while their lawyer faces […]

BusinessWorldJul 28, 2026

Senate approves farm bills

THE Senate on Tuesday approved on third and final reading two agriculture measures seeking to institutionalize agricultural and fisheries cooperatives and create a Bureau of Agricultural and Fisheries Extension. Senate Agriculture Committee Chairman Francis Pancratius “Kiko” N. Pangilinan said the proposed bureau would help farmers and fisherfolk adopt climate-resilient technologies and improve productivity. He said […]

BusinessWorldJul 28, 2026

VP Sara slams Marcos SONA

VICE-PRESIDENT (VP) Sara Duterte-Carpio on Tuesday dismissed President Ferdinand R. Marcos, Jr.’s fifth State of the Nation Address (SONA) as a “waste of time,” urging Filipinos to judge the administration by its unfulfilled campaign promises instead. In a video interview released by her office and recorded in The Hague, Netherlands, Ms. Duterte pointed to the […]

BusinessWorldJul 28, 2026

Group flags SONA fish gap

OCEANA PHILIPPINES on Tuesday criticized President Ferdinand R. Marcos, Jr.’s fifth State of the Nation Address (SONA) for failing to address issues affecting the country’s fishery sector, particularly the continued intrusion of commercial fishing vessels into municipal waters. Oceana Philippines Vice-President Von Hernandez said the Bureau of Fisheries and Aquatic Resources has sent mixed signals […]

BusinessWorldJul 28, 2026

GSIS rolls out HMO financing

THE Government Service Insurance System (GSIS) has partnered with Maxicare Healthcare Corp. to launch G-HEALTH, a zero-interest financing program that allows government workers to pay for health maintenance organization (HMO) coverage over 12 months. GSIS President and General Manager Jose Arnulfo A. Veloso in a statement on Tuesday said the initiative aims to help members […]

BusinessWorldJul 28, 2026

Nutrition commission pushed

SENATOR Ana Theresia “Risa” N. Hontiveros-Baraquel on Tuesday pushed the creation of a National Nutrition Commission to boost nutrition programs and improve coordination among government agencies. During a Senate hearing, Ms. Hontiveros said the proposed body would provide clearer accountability in addressing child malnutrition, noting that 25.3% of Filipino children remain stunted. Health Undersecretary Albert […]

BusinessWorldJul 28, 2026

Bangsamoro fights malnutrition

THE Bangsamoro government and its partners have stepped up efforts to combat child malnutrition after regional officials said the region continues to post the country’s highest malnutrition rate. The issue was tackled during a two-day nutrition summit in Cotabato City attended by officials from the Bangsamoro Ministry of Health, local governments, the Department of Science […]

BusinessWorldJul 28, 2026

Lepanto seals labor deal

LEPANTO Consolidated Mining Co. has signed a collective bargaining agreement (CBA) with the Lepanto Labor Union, securing labor stability as the company prepares to celebrate its 90th anniversary in September. The agreement covers wages, benefits, workplace safety and job security following two weeks of negotiations. Lepanto President and Chief Operating Officer Bryan Spencer U. Yap […]

BusinessWorldJul 28, 2026

Ifugao seeks Navy probe

KIANGAN, Ifugao Mayor Raldis Andrei Allaga Bulayungan has called on the Philippine Navy to investigate the death of Navy trainee and basketball standout Aldwayne B. Dulnuan during military training. Mr. Bulayungan questioned the reported cause of death, saying it was difficult to reconcile heat stroke with the physical condition of the multi-time basketball Most Valuable […]

BusinessWorldJul 28, 2026

DoE expects adequate power to supply Pax Silica projects

THE Department of Energy (DoE) said it expects sufficient power to be available to accommodate the needs of Pax Silica technology hub projects, and is mapping out exact demand projections for locators who commit to operate for at least 20 years.

BusinessWorldJul 28, 2026

Swiss challenge for Davao, Bicol, Siargao airport bundle awaiting approval from ICC

THE LAUNCH of the Swiss challenge for the bundled Davao, Bicol, and Siargao airport projects is going before the Investment Coordination Committee (ICC) for approval, the Public-Private Partnership (PPP) Center said. The P21.61-billion unsolicited proposal for the airport bundle exceeds the P15 billion threshold beyond which clearance is needed from the ICC, it said. “CAAP […]

BusinessWorldJul 28, 2026

Marcos short on details regarding strategy for energy, food security — business chambers

PRESIDENT Ferdinand R. Marcos, Jr. gave little indication of his long-term energy reform and food-security program in his annual address to Congress, business chambers said.

BusinessWorldJul 28, 2026

Port congestion deterring ordering by meat importers

MEAT IMPORTERS are reducing their orders due to persistent congestion at Manila ports, which they say adds at least P50,000 per container to their costs and ties up trucks for two to three additional days, an industry official said.

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