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Philippines Business News

Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.

8272 articles across all sources

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Manila Times Business

‘Marcoleta, Defensor face perjury case’

DETAINED Sen. Rodante Marcoleta and former representative Mike Defensor could face a subornation of perjury complaint for supposedly “coaching” former Marine Orly Guteza while testifying before the Senate Blue Ribbon Committee last year, Sen. Panfilo Lacson said. Lacson said the sequence of events during the Blue Ribbon hearing showed that Marcoleta had prompted Guteza on what to include in his affidavit regarding his allegations that he delivered cash in suitcases to several persona

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Manila Times Business

Over 1K Naga residents secure land ownership

MORE than 1,400 Naga residents are poised to gain a stronger foothold on the land they call home as the government expands its housing program to give low-income families not just shelter but also security of tenure. The beneficiaries are being assisted through the Enhanced Community Mortgage Program (ECMP), a people-centered housing initiative under President Ferdinand Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program. The latest boost came as the Social Housing Fina

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Manila Times Business

WinZir’s Wonder Wheel puts responsible gaming at center of every spin

WINZIR is expanding the role of its Wonder Wheel as part of its broader effort to provide its community with engaging ways to experience its platform while keeping responsible gaming firmly in view. The enhanced promotional feature is designed to add another layer of entertainment for eligible users without losing sight of the principles that should guide any form of gaming: awareness, moderation and informed decision-making. The Wonder Wheel gives members another interactive feature to explore

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BusinessWorld

Raslag eyes 2028 start for biggest solar project

LISTED renewable energy developer Raslag Corp. will develop the two phases of its biggest solar project simultaneously as it targets commercial operations by 2028, with the project’s scale posing a financing challenge for the company. “Because of the permitting and everything, it’s better just to do it at one shot. But it poses a challenge […]

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Manila Times Business

DSWD releases P138M for farmers hit by RSSI pest

BACOLOD CITY — The Department of Social Welfare and Development– Negros Island Region (DSWD‑NIR) disbursed P138,586,450 in Emergency Cash Transfers (ECT) to 13,514 small sug‑ arcane farmers whose crops have been damaged by the red‑striped soft scale insect (RSSI), DSWD Regional Director Arwin Razo said on Sunday. The assistance covered nine local government units in Negros Occidental and six in Negros Oriental. Negros Occidental accounted for the largest share of aid, with 9,141 fami

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Manila Times Business

Injured triathlete Ellis to miss Asian Games

PHILIPPINE triathlete Kira Ellis is due to miss the upcoming Asian Games in Japan because of an injury and an accident. Ellis won two gold and three silver medals at last year’s SEA Games in Thailand. In a social media post, Ellis said she has had more downs than ups for this year, mentioning that she had one of the worst bicycle accidents in recent memory. “Starting the year with stitches, then getting injured in my knees a few weeks later, which lasted around seven months (plus an

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Manila Times Business

Ogilvy elevates content creation to sustainable business management at Creator Camp 2026

OGILVY Manila hosted the third annual edition of Ogilvy Creator Camp, welcoming leading and emerging digital creators for a full-day program designed to elevate content creation into sustainable business management, at the agency’s headquarters in Rockwell, Makati City, on Aug. 20, 2026. Building on the foundation laid in previous years, Creator Camp 2026 focused on empowering creators to transition from content producers to CEOs of their own personal brands. The program provided practical

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Manila Times Business

‘Saudel’ could turn into super typhoon

TYPHOON Saudel could turn into a super typhoon before it enters the Philippine Area of Responsibility (PAR) today, Aug. 24, the Philippine Atmospheric, Geophysical and Astronomical Services (Pagasa) said on Sunday. Based on its latest forecast track, “Saudel” could intensify and reach super typhoon category before it enters the country. The storm is not expected to make landfall and will exit PAR on Tuesday, Pagasa said. The Department of Social Welfare and Development’s (DSWD)

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Manila Times Business

Trump’s war on the International Criminal Court

Trump sent in his troops to Venezuela, plucked a duly elected president from his seat, then deposited him in a US jail. Netanyahu and Trump together fired at Iran, claiming that its uranium-enrichment program was an existential threat and that they were exercising the right of “preemptive strike.” The world is still reeling from the fallout of that conflict that Trump apparently does not know how to end. China will not desist in causing mayhem in its border with India even as it pers

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BusinessWorld

Indonesia’s TransNusa seeks PHL flight permit

INDONESIA’S TransNusa is seeking regulatory approval to operate scheduled international flights to and from the Philippines, according to the Civil Aeronautics Board (CAB). In a notice of hearing dated July 29, the CAB said PT TransNusa Aviation Mandiri had filed a petition for the issuance of a foreign air carrier’s permit to operate scheduled international […]

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Manila Times Business

Asia’s scam centers turn dreams into nightmares

FIRST of two parts THE promise usually begins with a simple online message. A high-paying call center job in Thailand. A customer service position in Malaysia. A crypto company in Dubai offering salaries far higher than what many Filipinos earn at home. For hundreds of Filipinos desperate for better opportunities abroad, the offers appeared legitimate. But for many, the journey ended inside heavily guarded scam compounds in Myanmar, Laos, and Cambodia — where victims said they were beaten,

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Manila Times Business

DILG bolsters Baguio’s governance with audit training

BAGUIO CITY — The Department of the Interior and Local Government–Cordillera Administrative Region (DILG-CAR) strengthened efforts to improve local infrastructure governance through an action-planning session held as part of the Local Infrastructure Training for Baguio City: Infrastructure Audit in the Urban Setting and Strengthening Project Management recently at the City Disaster Risk Reduction and Management Office building. DILG Baguio Office Chief Millicent Carino said the sessi

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Manila Times Business

REDInc president honored at 7th Philippine Faces of Success

REDINC President and CEO Red Era was recognized as one of the distinguished honorees of Philippine Faces of Success 2026 during the 10th anniversary celebration of BEST Magazine at Camelot Hotel, Quezon City, on Aug. 1, 2026. The awards night, led by Philippine Awards guru Richard Hiñola, celebrated individuals who have demonstrated excellence, leadership and meaningful contributions in their respective fields. Era’s recognition reflects his vision and dedication to growing REDinc a

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Manila Times Business

The Philippines’ security trap

The recent school shootings are a tip of an iceberg of a vast private-security industry, Filipinos recruited into foreign wars, expanding US military access and rising defense expenditure. These converging phenomena intersect through poverty and violence, corruption and weak institutions. THE Philippines has experienced an unprecedented wave of campus gun violence in Tacloban and Zamboanga, occurring within a span of just two months. These school shootings have shattered the idyllic self-image o

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BusinessWorld

Goldilocks eyes up to 100 new stores this year

GOLDILOCKS Bakeshop, Inc., part of the SM Group, is looking to add as many as 100 stores to its Philippine network this year, with its domestic store count expected to approach 1,100 by yearend. “We typically explore opening close to 100 stores per year. But of course, not all of them become executable. So the […]

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BusinessWorld

CCC, National Youth Commission pilot program to empower young leaders towards transformative climate action

The Climate Change Commission (CCC), in collaboration with the National Youth Commission (NYC), partnered with selected higher education institutions (HEIs) to pilot the Youth Climate Leadership Accelerator Project (Youth CLAP), providing participating students with opportunities to strengthen their climate knowledge, develop leadership skills, and explore practical ways to contribute to a more transformative climate action. […]

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Manila Times Business

Kazakhstan holds crucial election

TALLINN, Estonia — Polls opened Sunday in Kazakhstan’s parliamentary elections, a vote expected to further to strengthen President Kassym-Jomart Tokayev’s power in Central Asia’s largest nation. The ruling pro-presidential Adilet party is widely predicted to win an overwhelming majority, with several smaller parties loyal to Tokayev also anticipated to enter parliament. Tokayev, 73 — a former Soviet official and Kazakh diplomat who previously worked at the United Na

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BusinessWorld

‘Rolling lab’ heads to BRC

LAST WEEKEND, the Toyota Gazoo Racing (TGR) Philippine Cup made its first-ever stop at the Batangas Racing Circuit (BRC). While the facility is smaller compared to the usual haunt of the grassroots race series, the Clark International Speedway, the BRC is considered a more difficult course.

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BusinessWorld

Chic babies

FASHIONABLE PARENTS now have more options to match with their kids: Kids Around, a French brand, is now in the Philippines. At the Greenbelt 5 store opening on Aug. 11, BusinessWorld saw luxury children’s outfits from Boss, Chloe, the Kids Around brand itself, Givenchy, and Kenzo Kids. The look of the store is a little […]

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BusinessWorld

InstaPay, PESONet transfers hit P19.16 trillion amid fee waivers

DIGITAL PAYMENTS continued to grow, with recent transfer fee waivers driving transaction volumes in InstaPay and PESONet to more than double as of July, Bangko Sentral ng Pilipinas (BSP) data showed. In the first seven months of the year, the combined value of InstaPay and PESONet transfers amounted to P19.162 trillion, up 44.82% from the […]

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BusinessWorld

First Gen falls after parent rejects KKR offer

SHARES of Lopez-led First Gen Corp. (FGEN) fell last week as investors took profits after parent First Philippine Holdings Corp. (FPH) rejected a proposal from global investment firm Kohlberg Kravis Roberts & Co. L.P. (KKR) to acquire part of its stake and launch a tender offer for the power producer’s public float. Philippine Stock Exchange […]

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BusinessWorld

Single-Digit Poverty: Historic milestone, or a trick of the ruler?

A data reality-check on the government’s poverty numbers When the Philippine Statistics Authority (PSA) announced that poverty incidence had fallen to 9.7% in 2025 — the first single-digit reading in the country’s history — the government understandably claimed victory. But layer that headline against the labor market, inflation, and regional data sitting right beside it, […]

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BusinessWorld

BatStateU opens country’s first Industry-Based Learning engineering campus at LIMA Estate

Batangas State University-The National Engineering University (BatStateU The NEU) formally opened its LIMA Campus on Aug. 17, welcoming over 800 inaugural engineering and technology students to the country’s first campus built around an Industry-Based Learning (IBL) model. Unlike traditional engineering programs that defer practical application to senior-year internships, BatStateU’s IBL framework embeds industry exposure into the […]

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BusinessWorld

FedEx, JA Philippines name student finalists for regional trade competition in Singapore

Six secondary school students across three teams have been selected to represent the Philippines at the Asia-Pacific regional finals of the 2026 FedEx / Junior Achievement International Trade Challenge (FedEx / JA ITC) in Singapore this August. Now in its 17th year in the country, the program — co-organized by Federal Express Corp. (FedEx) and nonprofit organization […]

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