Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1861 articles from BusinessWorld
Worsening Iran conflict to weigh on PHL shares
PHILIPPINE STOCKS may stay under pressure this week as investors weigh rising geopolitical and inflation risks and monitor President Ferdinand R. Marcos, Jr.’s State of the Nation Address. On Friday, the Philippine Stock Exchange index (PSEi) edged down by 0.03% or 2.11 points to close at 6,281.01, while the broader all shares index went down […]
Read more →Marcos enters final stretch; 5th SONA to set final agenda for next two years
PRESIDENT Ferdinand R. Marcos, Jr. will deliver his fifth State of the Nation Address (SONA) on Monday, entering the final two years of his six-year term under growing pressure to show that his administration can convert economic gains into tangible improvements in living standards while strengthening governance, restoring public trust and addressing security challenges.
Read more →Filipinos want solutions, not scorecards, ahead of Marcos’ fifth SONA
FILIPINOS want President Ferdinand R. Marcos, Jr. to focus on concrete solutions to rising prices, jobs and other pressing concerns, rather than highlight his administration’s accomplishments, in his fifth State of the Nation Address (SONA), according to a nationwide survey released on Sunday.
Read more →PHL urged to build drone industry, deepen defense ties
THE Philippines should accelerate investments in domestic drone manufacturing while expanding defense cooperation with like-minded nations to boost its military capabilities and improve its ability to respond to evolving security threats, international studies experts said last week.
Read more →House eyes passage of remaining priority bills
THE House of Representatives will push to pass the remaining half of the administration’s priority measures when Congress resumes session, with proposed reforms on healthcare, taxation, elections and financial transparency among the bills still awaiting legislative action. “We have so far passed 26 measures, or half of our target, during the first regular session of […]
Read more →Ex-Virac mayor’s plea rejected
THE Sandiganbayan denied former Kabuhayan at Kalusugang Alay sa Masa Foundation, Inc. President and former Virac Mayor Flerida A. Alberto’s request to seek a reinvestigation of her graft case, ruling that it was filed beyond the period allowed by the Office of the Ombudsman. The court said Ms. Alberto filed the motion more than five […]
Read more →Clark opens children’s hospital
STATE-RUN Clark Development Corp. has opened Central Luzon’s first pediatric specialty hospital inside the Clark Freeport Zone, with operations set to begin on Aug. 1. Operated by the Jose B. Lingad Memorial General Hospital under the Department of Health, the seven-storey facility will provide outpatient, inpatient, emergency and urgent care services. It is the first […]
Read more →DoTr bids out Mindanao port
THE Department of Transportation (DoTr) has invited bids for the P514.54-million expansion of Sultan Naga Dimaporo International Port in Lanao del Norte. Contractors have until Aug. 17 to submit proposals for the project, which covers the extension of the reinforced concrete pier with roll-on/roll-off facilities and the construction of passenger and administrative buildings. The winning […]
Read more →Nueva Vizcaya plans war trail
NUEVA VIZCAYA plans to develop a World War II “Liberation Trails” circuit linking key battle sites to attract heritage tourists and generate livelihood opportunities. Governor Jose V. Gambito is backing the proposal of Georgetown University professor Erwin Tiongson, which includes Balete Pass in Santa Fe, Kirang Pass in Aritao and other wartime landmarks. Provincial officials […]
Read more →Tulfo seeks power bill probe
SENATOR Erwin T. Tulfo has filed a resolution seeking an inquiry into electricity bill increases and alleged inaccurate meter readings to strengthen consumer protection. Mr. Tulfo said recurring complaints warrant a review of existing laws governing the power sector and complaint-resolution mechanisms. The proposal follows a Senate hearing where the Department of Energy reported that […]
Read more →Police seize P4.1-M cigarettes
POLICE SEIZED P4.1 million worth of smuggled Indonesian cigarettes in separate anti-smuggling operations in Cotabato and Sarangani over two days. Authorities intercepted two vans carrying P2.8 million worth of cigarettes in Midsayap, Cotabato, and arrested four couriers who admitted the shipment was bound for local retailers. A separate offshore operation in Maasim, Sarangani, recovered P1.3 […]
Read more →Farm investment push enabled by budget hikes, Agri dep’t says
THE Department of Agriculture (DA) said agricultural investment benefited from progressively higher agricultural budgets since President Ferdinand R. Marcos, Jr. took office. In a keynote address at the Economic Journalists Association of the Philippines’ Food Security Forum in Makati, Agriculture Secretary Francisco P. Tiu Laurel, Jr. highlighting the greater resources made available to the DA, […]
Read more →Marcos SONA expected to detail plans for energy independence
PRESIDENT Ferdinand R. Marcos, Jr. needs to lay out his plans to achieve energy independence in his fifth State of the Nation Address (SONA), with consumers continuing to suffer from rising fuel costs, according to energy analysts.
Read more →Swedish firms in PHL cite need for clear rules, sustainability norms
SWEDISH COMPANIES operating in the Philippines want clearer regulations, including those that align with sustainability best practices, as key to maintaining investor confidence, according to the Embassy of Sweden in Manila. “Just from the perspective of Swedish firms, the important thing that they will be looking at are transparent rules that are justly implemented, (and adherence […]
Read more →Steel lobby pushing for shorter timeline to comply with quake-resistance standards
THE Philippine Iron and Steel Institute (PISI) asked on the government to reduce the transition period for builders to comply with seismic resistance standards for steel. In a letter addressed to the Department of Trade and Industry (DTI), PISI said the proposed April 30, 2027 deadline to comply with Philippine National Standard (PNS) 49:2026 is […]
Read more →NG gross borrowing more than doubles in June
THE National Government’s (NG) gross borrowing more than doubled in June after it returned to the global bond market and raised more funds from domestic sources, the Bureau of the Treasury said. Total gross borrowing jumped 119.54% year on year to P579.57 billion in June. Domestic debt accounted for 59.2% of the gross borrowing for […]
Read more →Gov’t hoping to offer over 2 GW of solar, hydro for Mindanao auction
THE GOVERNMENT is planning to offer more than 2,000 megawatts (MW) of capacity in the seventh green energy auction (GEA-7) round for solar and hydropower projects situated in Mindanao. In its draft terms of reference, the Department of Energy (DoE) said it will offer 505 MW worth of solar capacity for annual delivery over the […]
Read more →Hopes pinned on solar irrigation to mitigate El Niño challenges
SOLAR IRRIGATION is emerging as a key element in the government’s strategy for dealing with food security challenges such as El Niño, officials said. During a panel discussion at the Economic Journalists Association of the Philippines’ Food Security Forum, Roger V. Navarro, agriculture undersecretary for Operations, Agri-Fisheries Mechanization and Rural Credit, said solar is becoming […]
Read more →Gas auction expected for launch this year
THE Department of Energy (DoE) said it is moving forward with plans to stage the country’s first auction dedicated to natural gas, with contracts targeted to be awarded by the fourth quarter this year. “We are really targeting before the end of the year so we can award,” Energy Secretary Sharon S. Garin said last […]
Read more →Redefining success in healthcare transformation
Healthcare stands at a defining moment. Global organizations are investing heavily in technologies such as artificial intelligence (AI), automation, predictive analytics, cloud platforms, and digital health solutions, promising to improve productivity, reduce costs, and transform the way healthcare is delivered.
Read more →Sandiganbayan convicts Napoles, ex-DAR undersecretary over P50-M farm input scam
The Sandiganbayan convicted businesswoman Janet L. Napoles and former Department of Agrarian Reform (DAR) Undersecretary Jerry E. Pacturan over the diversion of P50 million in government funds intended for farm input assistance projects that were never implemented. In a 237-page decision promulgated on Friday, penned by Sixth Division Chairperson Associate Justice Sarah Jane T. Fernandez, […]
Read more →Nissan extends support to Mindanao earthquake-affected communities
Nissan backs relief efforts of the Philippine Red Cross and Angat Buhay Foundation In response to the earthquake that affected communities across Mindanao in June 2026, Nissan Philippines, Inc. (NPI) expresses its solidarity with the Filipino people by extending its support to the Philippine Red Cross and the Angat Buhay Foundation, aiding families as they […]
Read more →PEZA investment approvals plunge 40% in July
By Beatriz Marie D. Cruz, Senior Reporter INVESTMENT APPROVALS by the Philippine Economic Zone Authority (PEZA) slumped by 40% to P11.21 billion in July, it said on Friday. In a statement, PEZA said its approved 17 new and expansion projects equivalent to P11.21 billion, a 39.71% drop from the P18.6 billlion approved in the same […]
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