Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1861 articles from BusinessWorld
3 deaths, nearly 300,000 persons affected due to Tropical Storm Noul
Fatalities reached three due to the effects of Tropical Storm Noul, locally named Kiyapo, while affected individuals climbed to nearly 300,000, according to the Office of Civil Defense (OCD) on Monday. Sarangani reported two deaths, both of which are under validation, while one fatality was reported in Davao, Diego Augustin Mariano, OCD deputy spokesperson told […]
Read more →Noul weakens into LPA; southwest monsoon to still drench Luzon – PAGASA
Tropical Cyclone Noul, locally known as Kiyapo, which caused widespread flooding in Mindanao, has weakened into a low pressure area, but the southwest monsoon is still expected to bring thunderstorms over Luzon, according to the state weather bureau on Monday. The remnants of Noul were last located 1,135 kilometers northwest of Extreme Northern Luzon, outside […]
Read more →Crystal Bridges earmarks P6.7 billion for initial Primewater rehabilitation program
Crystal Bridges Holdings Corp., a holding firm owned by the family of retailer Lucio Co, has earmarked more than P6.7 billion for the initial phase of its rehabilitation and expansion program for Primewater Infrastructure Corp., following the completion of its acquisition of the water utility in May. The investment will fund infrastructure upgrades and service […]
Read more →AMRO sees Philippines posting third fastest inflation in ASEAN+3 this year
By Katherine K. Chan, Reporter Philippine inflation this year could be slower than earlier anticipated, but may still be the third fastest among the country’s regional peers, the ASEAN+3 Macroeconomic Research Office (AMRO) said. In its latest ASEAN+3 Regional Economic Outlook, the think tank cut its inflation forecast for 2026 to 5.7% from 6% in […]
Read more →Infrastructure spending falls in May
INFRASTRUCTURE SPENDING plunged by an annual 35% in May amid strengthened review and validation processes, according to the Department of Budget and Management (DBM).
Read more →Philippine exports worth $6.25 billion exposed to 12.5% US tariff — DTI
THE UNITED STATES’ new 12.5% tariff on imports from the Philippines could affect about $6.25 billion worth of Philippine-made goods, according to the Department of Trade and Industry (DTI).
Read more →PHL banks’ NPL ratio slips to 6-month low
THE PHILIPPINE BANKING sector’s bad loan ratio slipped to a six-month low in June as easing inflation made repayments more manageable, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Read more →Investors seek achievable SONA agenda — analysts
INVESTORS will look beyond new policy promises in President Ferdinand R. Marcos, Jr.’s State of the Nation Address (SONA) on Monday, with analysts saying the stock market’s longer-term direction will hinge on whether the administration can deliver concrete, time-bound reforms during the remainder of its term.
Read more →Globe, Japan’s KDDI partner to explore mobile, digital services
GLOBE TELECOM, Inc. has partnered with Japan’s telecommunications and digital services company KDDI Corp. to explore new mobile, retail, and digital services in the Philippines. “This strategic partnership with KDDI gives us the opportunity to learn from one of the world’s most advanced telco and digital ecosystems, while bringing Globe’s deep understanding of the Filipino […]
Read more →Atlas Mining stock jumps on earnings, redevelopment
SHARES of Atlas Consolidated Mining and Development Corp. climbed last week after the company reported a turnaround in first-half earnings amid higher commodity prices and as its mining pit redevelopment program nears completion, analysts said.
Read more →A year of reactive measures, proactive reforms
Entering the second half of his presidential term, President Ferdinand “Bongbong” R. Marcos, Jr. was confronted by challenges on several fronts. Headlined by local political tensions, geopolitical confrontations, and a slumping economy, the President had to navigate a year in which his administration pursued structural reforms while balancing immediate economic pressures with longer-term efforts to […]
Read more →DTI holds Kapihan with MSMEs to bring support closer to Filipino businesses
Department of Trade and Industry (DTI) Secretary Ma. Cristina A. Roque opened the Kapihan with MSMEs: Connecting MSMEs with Government Support at the DTI MSME Hub in Makati City, reaffirming the government’s commitment to making business support programs more visible, accessible, and responsive to the needs of Filipino entrepreneurs. In her message, Ms. Roque emphasized […]
Read more →Housing VAT exemption cap hike, PEZA moratorium lift gain attention before SONA
PROPERTY analysts said raising the value-added tax (VAT) exemption ceiling for housing and proceeding with plans to lift the Philippine Economic Zone Authority (PEZA) moratorium in Metro Manila could help shield homebuyers from elevated mortgage rates and boost demand for office space as President Ferdinand R. Marcos, Jr. delivers his State of the Nation Address (SONA) on Monday.
Read more →Maybank, ASEAN Foundation convene eYAA Cohort 6 to launch youth community projects
Seeking to address local employment gaps and climate vulnerability, Maybank, in partnership with the ASEAN Foundation, convened 110 youth volunteers and representatives from civil society organizations across Southeast Asia for the eMpowering Youths Across ASEAN (eYAA) Cohort 6 Regional Capacity Building Workshop, held at Chulalongkorn University from July 2 to 6. The five-day conference served […]
Read more →Ready for the fair?
THIS YEAR’S MaArte Fair reclaims the word “carnival” and pays tribute to carnival queens. The theme, “Karnabal,” centers on the Manila Carnival that was held from 1908 to 1939. The Manila Carnival showed off Manila’s best, and even its best-looking women, crowning carnival queens every year (setting Filipinos on a path to present-day pageant fever). […]
Read more →Substantial progress in housing, health agendas
As the Philippines advances toward upper-middle-income status, social development has taken center stage in national policy making, with the advancement of the Marcos administration’s Extended Pambansang Pabahay para sa Pilipino Program (Expanded 4PH) and the accelerated implementation of the Universal Health Care (UHC) Act. By pairing aggressive housing production with structural healthcare reforms, the government […]
Read more →PHINMA Education to expand via satellite campuses
PHINMA Education Holdings, Inc. (PEHI) is pursuing satellite campuses in areas where it already has a presence while continuing to acquire schools in new markets as it expands access to higher education, its chairman said. PHINMA Corp. Chairman and Chief Executive Officer and PHINMA Education Chairman Ramon R. del Rosario, Jr. said the company recently […]
Read more →Pork price increase to trigger MAV expansion
AGRICULTURE SECRETARY Francisco P. Tiu Laurel, Jr. said the Minimum Access Volume (MAV) Plus scheme for pork will only be adjusted by the Department of Agriculture (DA) if prices increase. Speaking on the sidelines of the Economic Journalists Association of the Philippines’ Food Security Forum, Mr. Laurel told reporters that the implementing rules and regulations […]
Read more →Debt rates may end mixed
RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) to be auctioned off this week may end mixed, with the worsening Iran war and its impact on oil prices stoking domestic inflation concerns. The Bureau of the Treasury (BTr) will auction off P50 billion in T-bills on Monday, or P20 each in 91- and […]
Read more →Keepital selects six promising startups to bring to WOCEE 2026
Keepital Philippines will host a dedicated Startup Pavilion at the upcoming World of Consumer Electronics Expo (WOCEE) from Aug. 5 to 8 at the SMX Convention Center Manila. The WOCEE, the Philippines’ most significant gathering of technology companies, manufacturers, and industry decision-makers, returns with more than 33,200 expected visitors, over 110 exhibitors, and 15,000 square meters […]
Read more →Feels like a million bucks
WHEN we think of bags that cost up to a million pesos, we think of bags from heritage European brands. So imagine our surprise at Rustan’s Makati on July 23, when a bag from Mele + Marie which cost that much turned out to be made right here in the Philippines, in Cebu.
Read more →Peso may test new lows on oil price surge
THE PESO may continue to test new lows against the dollar this week, with inflation risks growing anew due to soaring global oil prices amid the conflict in the Middle East. On Friday, the currency sank by 9.7 centavos to a new all-time low of P61.847 versus the greenback from P61.75 on Thursday, which was […]
Read more →SEC incorporates latest accounting, sustainability reporting standards into rules
THE Securities and Exchange Commission (SEC) has incorporated the latest Philippine Financial Reporting Standards (PFRS) and other financial reporting pronouncements into its financial reporting rules. SEC Memorandum Circular No. 22, Series of 2026, incorporates the latest PFRS, Philippine Interpretations Committee Questions and Answers (PIC Q&As), and related financial reporting pronouncements into the agency’s rules and […]
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