BusinessWorld Economy
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Philippines Business News
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311 articles from BusinessWorld Economy
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BusinessWorld Economy
Sugar industry consensus rules out US exports, entire crop set to be allocated for domestic use
THE sugar industry has reached a consensus not to fill the US sugar quota this year and reclassify…
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Consultants asked to determine valuation of PHIVIDEC power plant in Misamis Oriental
STATE-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) said it is working to privatize a 232-megawatt coal-fired…
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DENR appeals Supreme Court charcoal ruling
THE Department of Environment and Natural Resources (DENR) asked the Supreme Court (SC) to reconsider its ruling rejecting…
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Domain expertise seen as key to survival for BPO workers during transition to AI
THE outsourcing industry must adopt specialized artificial intelligence (AI) agentic platforms by 2027 to protect its position as…
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How AI is transforming cybersecurity managed services
Every October, governments, businesses, academic institutions and cybersecurity professionals observe Cybersecurity Awareness Month through initiatives promoting responsible digital behavior. SGV stands with the broader cyber community in advancing this shared objective.
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HSBC Private Bank survey signals major AI push by PHL entrepreneurs
PHILIPPINE entrepreneurs are planning significant investments in artificial intelligence (AI), with 87% planning to spend more than a…
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DENR seeks quick access to global forest preservation fund
THE Department of Environment and Natural Resources (DENR) said the Philippines is ready to be among the first…
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Climate commission flags rising PHL carbon intensity
THE PHILIPPINES’ national carbon intensity continues to rise, according to the Climate Change Commission (CCC). Speaking before corporate…
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Cancer’s $25T toll: stakeholders warned of critical funding shortfall
By Jovenal M. Francisco, Contributor HONG KONG — The estimated global economic cost of cancer between 2020 and…
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NCR retail price growth slows to 3.9% in August
RETAIL PRICE GROWTH of general goods in Metro Manila was the weakest in two months in August following…
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Work to resume on 4 NFA facilities in Nueva Ecija
By Moureen Ylessandra B. Dizon WORK will resume soon on four National Food Authority (NFA) facilities in Nueva…
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NG debt tops P19.6 trillion at end of August
THE National Government’s (NG) outstanding debt rose to P19.607 trillion at the end of August, on gains in…
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PCC reinstates 30-day filing for mergers and acquisitions
THE Philippine Competition Commission (PCC) reinstated its 30-day filing timeline for merger and acquisition transactions, effective Oct. 3.…
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Unified excise taxes seen curbing misdeclaration, ‘technical smuggling’ of e-liquids
KUALA LUMPUR — The Department of Finance’s (DoF) proposal to rationalize excise taxes on electronic cigarettes could help…
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Open monitoring platform for budget disclosures established
THE GOVERNMENT has institutionalized a unified digital platform to consolidate and publish public spending statistics, which is designed…
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E-invoicing: When compliance outpaces readiness
For years, the Bureau of Internal Revenue (BIR) has steadily laid the groundwork for the country’s transition to…
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Philippines, Canada exploring big-ticket infra collaboration
THE Department of Transportation (DoTr) said it is in talks with the Canadian government for possible collaboration in…
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DTI, foodpanda sign MSME upskilling partnership
THE Department of Trade and Industry (DTI) said it signed a partnership with foodpanda Philippines involving capacity-building for…
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Mindanao flagged as key tobacco smuggling hub
KUALA LUMPUR — Mindanao has been identified as a key entry point for illicit tobacco from Malaysia and…
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Japan researchers expect deep planting methods to help sugarcane farms withstand El Niño
THE Japan International Research Center for Agricultural Sciences (JIRCAS) is promoting deep planting technology to help sugarcane farmers…
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PHL hoping India trade deal increases market access for farm goods, auto parts
THE PHILIPPINES wants greater market access for its exports of agricultural and automotive parts when it embarks on…
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P60 gov’t subsidy to help SMEs afford wage hikes
SMALL AND MEDIUM enterprises (SMEs) struggling with recent minimum wage hikes will be eligible for a government subsidy…
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Maynilad reports decline in non-revenue water to 31.5%
WEST ZONE concessionaire Maynilad Water Services, Inc. said non-revenue water (NRW) improved to 31.5% in the first six…
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