Philippines Business News

Iglesia ni Cristo shifts rally to Manila after Quezon City gov’t revokes permit

ABOUT 1,700 members of the Iglesia ni Cristo gathered at Liwasang Bonifacio in Manila on Thursday after the Quezon City government revoked the group’s permit to continue its rally near the EDSA People Power Monument, citing traffic disruption and public safety concerns.

Marcos arrives in Canada to pursue investment deals

PRESIDENT Ferdinand R. Marcos, Jr. arrived in Vancouver on Thursday for a four-day official visit aimed at expanding trade and investment ties with Canada, advancing negotiations for a free trade agreement (FTA) and attracting investments in mining, renewable energy and other priority sectors. The plane carrying Mr. Marcos and the Philippine delegation landed at Vancouver […]

DoE seeks tougher anti-hoarding powers for oil

THE Department of Energy (DoE) is seeking congressional authority to seize hoarded petroleum products, impose stiffer penalties on profiteers and require a strategic fuel reserve under proposed amendments to the Oil Deregulation Law aimed at strengthening the country’s energy security. At a Senate Energy Committee hearing on Thursday, Energy Secretary Sharon S. Garin said the […]

House prosecutors ready for Duterte trial

THE House prosecution panel is ready for the July 6 opening of Vice-President Sara Duterte-Carpio’s impeachment trial, according to its lead prosecutor. “We are very much ready,” lead prosecutor and Batangas Rep. Gerville R. Luistro told reporters in mixed English and Filipino on Thursday. “As a matter of fact, we have been preparing since the […]

CoA issues OVP unmodified opinion

THE Commission on Audit (CoA) gave the Office of the Vice-President (OVP) an unmodified opinion for calendar year 2025, saying its financial statements were presented fairly in all material respects. “In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of OVP as at December 31, 2025, and its […]

DoJ seeks anti-extremism law

THE Department of Justice (DoJ) on Thursday said it is pushing for legislation specifically addressing nihilistic violent extremism (NVE), arguing that existing laws are not comprehensive enough to prosecute online grooming and exploitation linked to violent acts like the recent Tacloban school shooting. The proposal comes a day after a Senate hearing revealed the alleged […]

Camp says Romualdez a scapegoat

LEYTE REP. Ferdinand Martin G. Romualdez is being portrayed as a “convenient excuse and political scapegoat,” his camp said on Thursday, maintaining the former speaker had no links to the alleged anomalies in flood mitigation projects. In a statement, Elaine A. Atienza, spokesperson of Mr. Romualdez, said that no official from the Department of Public […]

Lawmaker rejects upper-middle income status

A LAWMAKER on Thursday questioned the World Bank’s reclassification of the Philippines as an upper-middle income country, asserting that it fails to reflect the true situation of workers who continue to receive low wages. In a statement, Party-list Rep. Antonio L. Tinio said that the classification is meaningless as long as workers’ earnings remain below […]

BIR clarifies rules for US-funded projects

THE Bureau of Internal Revenue (BIR) has clarified the tax treatment of contractors, grantees, and recipients funded by the US government (USG) in support of the Philippine criminal justice system. The circular was issued to define the scope of tax exemptions covering activities undertaken under the Letter of Agreement (LoA) on Narcotics Control and Law […]

Metro Pacific Water begins pipe works in San Jose del Monte

METRO PACIFIC Water (MPW), a subsidiary of Manuel V. Pangilinan-led Metro Pacific Investments Corp., has begun repair works and clearing critical pipelines in San Jose del Monte, Bulacan, following the exit of PrimeWater Infrastructure Corp. In a statement on Thursday, MPW said it addressed infrastructure problems, improving water supply for more than 3,500 households during […]

Mental health hotline gets upgrade through ePLDT system

THE National Center for Mental Health (NCMH), the lead institution for mental health care, has tapped ePLDT to improve its crisis hotline amid efforts to address the growing need for support. NCHM, through ePLDT’s technology, expanded its platform and allowed seamless calls and uninterrupted support during emergencies or operational disruptions. “As a long-time partner of […]

Senator flags bird strikes, pigeon racing as airport hazards

SENATOR Rafael T. Tulfo on Thursday flagged concerns surrounding the risks of pigeon racing and bird strikes to the aviation industry as birds’ migration season approaches. At a Senate Committee on Public Services hearing on the Magna Carta of Commuters, Mr. Tulfo sounded the alarm on the risks of bird strikes on flights, especially in […]

Unified 911 system to launch two satellite command centers in Mindanao

Two dialect-sensitive command centers in Mindanao will be rolled out this month under the Unified 911 system, expanding the reach of the country’s emergency network. “By placing command centers closer to the people and ensuring that emergency telecommunicators speak the local language, we remove barriers during the moments when every second counts,” said Department of […]

Government debt climbs to P18.55 trillion in May

The national government of the Philippines owes a total of P18.55 trillion as of end of May 2026.

Reaction roundup: Experts, analysts weigh in on June jobs report

The Brand Auditors Launches Competitive Positioning Service Featuring Market Audits and Ongoing Competitor Tracking

The Brand Auditors introduces a service to audit competitive landscapes and track shifts in market position for mid-market companies. Murrells Inlet, South Carolina, July 2, 2026 -- The Brand Auditors today announced the launch of its Competitive Positioning service, a three-phase consulting engagement that provides organizations with a structured framework for evaluating competitive position, assessing market opportunities, reviewing sales and marketing messaging, and monitoring changes in the

Serena Williams wins praise from fellow pros at Wimbledon after 1st singles match in nearly 4 years

LONDON — There were still serves beyond 120 mph. Plenty of heavy groundstrokes landing within inches of the baseline, too. Serena Williams won plenty of praise about her game from her fellow players at Wimbledon a day after her first singles match in nearly four years. The 44-year-old Williams was beaten 6-3, 6-7 (6), 6-3 by 20-year-old Maya Joint of Australia in the first round on Tuesday but showed she could be competitive after being away for so long. Coco Gauff ended her dinner early t

Natixis CIB bolsters technology and innovation hub in India with strategic leadership appointment

HONG KONG SAR - Media OutReach Newswire - 2 July 2026 - Natixis Corporate & Investment Banking (Natixis CIB) is pleased to announce the appointment of Luc Bernard as Chief Executive Officer, Natixis Services in India. Luc reports to Cécile de Sousa, Chief Operating Officer, Asia Pacific & Middle East, Natixis CIB and Etienne Huret, Head of Portugal and India Hubs, Natixis. Luc Bernard - Natixis He brings to the role nearly two decades of experience in Global Capability Center management and offs

Trinasolar achieves 907W power output for perovskite/crystalline silicon tandem module, setting new world record

SEOUL, South Korea, July 2, 2026 /PRNewswire/ -- Trinasolar, a global leader in smart PV and energy solutions, has announced that its independently developed perovskite/crystalline silicon tandem module has reached a peak power output of 907W and a full-area module efficiency of 29.2%, as verified by TÜV SÜD, a leading global testing and certification institute. Trinasolar's Perovskite-Tandem module displayed at SNEC in Shanghai This achievement sets a new world record for tandem module power ou

GAC International Posts First-Half Results with Outstanding Performance

GUANGZHOU, China, July 2, 2026 /PRNewswire/ -- In the first half of 2026, GAC's overseas wholesale and end-user retail volumes doubled year-on-year. Total exports reached 121,483 units, nearly matching the full-year export volume of last year, with a significant 132% year-on-year increase, marking a major milestone. GAC achieved robust growth across all regions. In the Americas, Mexico delivered outstanding performance, with the AION ES and AION UT securing spots in the top ten in BEV sales rank

Xeltis exceeds 50% enrollment in US Pivotal trial for aXess™, its vascular access device for hemodialysis

US pivotal trial is a multi-center study evaluating a bioabsorbable hemodialysis vascular access implant across complex hemodialysis patients representing real-world practice> 50% of target enrollment reached across 20 sites in the United States EINDHOVEN, The Netherlands, July 02, 2026 (GLOBE NEWSWIRE) -- Xeltis, a leading developer of transformative implants that enable the natural creation of living and long-lasting vessels, today announces that it has reached 50% enrollment in its US pivotal

Peakmedia digital signage GmbH rebrands as ZetaDisplay Austria and appoints Marcel Schramm as Country Director

Team ZetaDisplay Austria ZetaDisplay Austria ZetaDisplay is strengthening its position in the Austrian market with the rebranding of Peakmedia, acquired in 2023, as ZetaDisplay Austria. The transition marks the next phase of integration into the wider ZetaDisplay organisation and is further strengthened by the appointment of Marcel Schramm as Country Director. Since joining the team in Ebbs in Austria, Peakmedia has continued to deliver innovative digital signage solutions across the DACH region

Capgemini and the Tour de France bring fans personalized, AI-powered insights with ‘Inside My Race’

Inside My Race Capgemini and the Tour de France bring fans personalized, AI-powered insights with ‘Inside My Race’ Inside My Race 1 Capgemini and the Tour de France bring fans personalized, AI-powered insights with ‘Inside My Race’ Inside My Race 3 Capgemini and the Tour de France bring fans personalized, AI-powered insights with ‘Inside My Race’ Inside My Race 4 Capgemini and the Tour de France bring fans personalized, AI-powered insights with ‘Inside My Race’ Inside My Race 2 Capgemini and the

Futurionex Discloses Latest Progress in Hacken Security Audit: Trust Center Officially Launched

DENVER, July 02, 2026 (GLOBE NEWSWIRE) -- The globally renowned crypto digital asset service platform Futurionex officially disclosed the latest progress of the security audit jointly conducted with the internationally authoritative security institution Hacken, and announced the official launch of its "Trust Center." This initiative not only marks a milestone achievement in the external security verification process of the platform but also publicly demonstrates its transparency in asset protect