Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1861 articles from BusinessWorld
Tracing the roots of a property giant in Jinjiang
BEFORE the sprawling malls that have become fixtures across the Philippines, there was a modest red-brick house tucked inside Hong Xi village in Jinjiang, Fujian province.
Read more →Philippine farm output lags population growth, farmers say
THE Federation of Free Farmers (FFF) said President Ferdinand R. Marcos, Jr. has not achieved sufficient growth in farming output to keep up with the rising population.
Read more →Motorcycle sales near 1M units as fuel prices drive shift in market
MOTORCYCLE SALES rose 3.58% in the first half, with buyers seeking cheaper mobility alternatives due to high fuel prices, an industry association said. The Motorcycle Development Program Participants Association (MDPPA) said sales hit 939,528 units in the six months to June. “Despite a more challenging market environment following an exceptionally strong first half in 2025, […]
Read more →Turkish builders seeking slice of PHL infra market
TURKISH construction companies are seeking to participate in major Philippine infrastructure projects under the Build Better More program and the Luzon Economic Corridor (LEC), Turkish Ambassador to the Philippines Niyazi Evren Akyol said.
Read more →PHL needs process to ensure absence of forced labor from supply chain — PCCI
THE PHILIPPINES needs a mechanism for establishing that manufacturing inputs used in its exports are not sourced from countries suspected of employing forced labor, the Philippine Chamber of Commerce and Industry (PCCI) said, citing the need to dodge the 12.5% US tariff.
Read more →‘Green,’ power reforms seen spurring EU free trade talks
THE PHILIPPINES can add impetus to free trade talks with the European Union (EU) by growing its green economy, reforming the power industry to lower electricity costs and improving trade facilitation, the European Chamber of Commerce of the Philippines (ECCP) said.
Read more →PHL fuel ethanol imports seen rising 1% in 2026
THE US Department of Agriculture (USDA) said fuel ethanol imports by the Philippines are projected to increase by 1% to 490 million liters in 2026. In a report released on July 23, the USDA attributed the slow growth to weak vehicle sales caused by the national energy emergency in March. Fuel ethanol consumption is estimated […]
Read more →Gasoline, diesel rise set to exceed P6 per liter
GASOLINE and diesel prices are set to increase by more than P6 per liter, fuel retailers said. In separate advisories on Monday, oil companies announced a fresh round of hikes starting Tuesday (July 28). Unioil Petroleum Philippines, Inc. and Jetti Petroleum, Inc. will increase gasoline prices by P6.80 per liter and diesel prices by P7.30 […]
Read more →DoE eyes green energy auction for off-grid areas
THE Department of Energy (DoE) plans to dedicate a green energy auction (GEA) to off-grid areas currently served by the National Power Corp. (NPC), to expedite the shift of these remote communities to hybrid renewable energy systems. “The initiative aims to accelerate the transition of off-grid communities from diesel-based power generation to hybrid renewable energy […]
Read more →Pax Silica, taxes, and progress
Aside from the ongoing impeachment proceedings in the Senate, there is another national issue that is sparking national concern — the inclusion of the Philippines in the Pax Silica initiative. The Philippines is seeking to position itself as a strategic player in the global technology and artificial intelligence (AI) ecosystem. However, several groups have raised […]
Read more →PSEi climbs to 6,300 range as ME tensions ease
PHILIPPINE STOCKS rose on Monday to lift the main index back above the 6,300 line on optimism over a de-escalation in the Middle East (ME) conflict that led to a decline in global oil prices. The Philippine Stock Exchange index (PSEi) went up by 0.54% or 33.89 points to close at 6,314.90, while the broader […]
Read more →Marcos, Duterte post lower trust, performance ratings in Q2 OCTA poll
PRESIDENT Ferdinand R. Marcos, Jr. and Vice-President Sara Duterte-Carpio both posted lower trust and performance ratings in the second quarter, with support for both leaders slipping below the majority level, according to an OCTA Research survey released on Monday. “Compared with March 2026, both leaders posted significant declines in trust and performance,” OCTA Research said […]
Read more →Congress opens session, to prioritize 2027 budget
THE Senate and House of Representatives on Monday resumed session with a legislative agenda centered on economic recovery, lower food prices, healthcare reforms, government transparency and the timely passage of the proposed 2027 national budget.
Read more →DoJ blast, Senate bomb scare prompt probe before SONA
AN EXPLOSION believed to have been caused by an improvised explosive device (IED) occurred outside the Department of Justice (DoJ) headquarters in Manila early on Monday, prompting authorities to investigate whether it was linked to a separate suspected explosive device discovered near the Senate hours before President Ferdinand R. Marcos, Jr.’s fifth State of the […]
Read more →Thousands rally before SONA
THOUSANDS of protesters from labor, youth and other sectoral groups marched along Commonwealth Avenue on Monday ahead of President Ferdinand R. Marcos, Jr.’s fifth State of the Nation Address (SONA), demanding higher wages, secure jobs, lower prices and greater government accountability. Police deployed more than 20,000 personnel for SONA security, while the Metropolitan Manila Development […]
Read more →Call for wage hike renewed
MAJOR labor federations urged the Marcos administration to prioritize long-pending labor reforms, including a legislated wage increase, security of tenure and stronger protections for workers’ right to organize during its remaining two years in office. The National Wage Coalition, composed of Bukluran ng Manggagawang Pilipino, Kilusang Mayo Uno, Nagkaisa! And Trade Union Congress of the […]
Read more →Isabela backs marine reserve
ISABELA will host a multisectoral workshop in August to strengthen conservation efforts for the Philippine Rise Marine Resource Reserve, bringing together government agencies, local governments, fisherfolk, scientists and environmental groups. The activity follows discussions between provincial officials and the Partnerships in Environmental Management for the Seas of East Asia on the PRICELESS Project, which aims […]
Read more →Army troops hold combat drills
PLATOONS from battalions under the Philippine Army’s 10th Infantry Division began a seven-day combat proficiency and preparedness competition at Camp General Manuel Yan in Mawab, Davao de Oro on Sunday. Division Commander Major General Alvin V. Luzon said the exercises are designed to assess the combat readiness of troops through scenario-based drills and identify innovations […]
Read more →DICT deploys AI tools for MSMEs
THE Department of Information and Communications Technology (DICT) has rolled out artificial intelligence (AI)-powered tools to help micro, small and medium enterprises (MSMEs) improve business planning, regulatory compliance, pricing and digital marketing while expanding digital transformation efforts in Naga City. “Harnessing AI will give Filipino entrepreneurs, especially small business owners, a competitive advantage,” ICT Undersecretary […]
Read more →TikTok Shop, DSWD launch digital livelihood program in Valenzuela
TikTok Shop and the Department of Social Welfare and Development (DSWD) have partnered to provide digital commerce training to aspiring entrepreneurs and vulnerable communities under the government’s Sustainable Livelihood Program (SLP). The initiative, dubbed “SLP! Tara, Live Sell Na!”, will pilot in Valenzuela City through TikTok Shop’s Unlad Lokal program, which offers training on content […]
Read more →Marcos to expand blood tests, medicines covered under PhilHealth YAKAP
Philippine President Ferdinand R. Marcos, Jr. on Monday said that blood tests and medicines included under the Philippine Health Insurance Corp.’s Yaman ng Kalusugan Program (PhilHealth YAKAP) will be expanded by next year in a bid to improve Filipinos’ preventive healthcare. “Sa susunod na taon, unti-unti natin isasama ang iba’t ibang uring blood test at […]
Read more →BDO net income hits P40.7 billion in first half
BDO UNIBANK, Inc. booked a net profit of P40.7 billion in the first semester as strong core business growth offset higher credit costs. This was higher than the P40.6 billion posted in the same period last year, resulting in a return on equity of 12.7% as of end-June 2026. Net interest income rose by 11% […]
Read more →UnionBank’s first-semester net income jumps 113%
UNION BANK of the Philippines’ (UnionBank) net income surged 113% to P6.9 billion in the first half on the back of strong revenue growth and improved asset quality. Net revenues went up by 9% year on year to P43.1 billion, driven by consumer loans, low-cost deposits, and fee income. Net interest income went up by […]
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