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2354 articles from BusinessWorld
STATE AUDITORS have flagged the Department of Labor and Employment (DoLE) over the collection of P19.3 million in registration fees using unauthorized official receipts, warning that the scheme may constitute criminal falsification of public documents under the Revised Penal Code. In its annual audit report, the Commission on Audit (CoA) disclosed that 193 Certificates of […]
Read more →A SENATE Committee on Finance subcommittee on Thursday approved the proposed P86.27-billion budget of the Judiciary for 2027, with senators seeking faster case processing and fewer backlogs. Senator Francis Pancratius “Kiko” N. Pangilinan, who chairs the subpanel, said the Judiciary must use the funds to address delays in case disposition and improve public access to […]
Read more →LIFE EXPECTANCY at birth among Filipinos continued to rise, with those born in 2026 projected to live 68.05 years for males and 74.60 years for females, according to preliminary data from the Philippine Statistics Authority (PSA). The figures improved from 67.77 years for males and 74.31 years for females for those born in 2025, and […]
Read more →EXECUTIVE Secretary Ralph G. Recto urged the government and economic estate developers to put up schools inside or near manufacturing hubs to train workers for industries expanding in those areas and narrow the gap between education and employment. The move would help ensure companies have access to skilled workers as the Philippines seeks to attract […]
Read more →THE Senate Committee on Finance on Thursday questioned the Department of the Interior and Local Government’s (DILG) proposed P332.5-billion budget for 2027, P22 billion higher than the agency’s budget this year. Secretary of Interior and Local Government Juanito Victor C. Remulla explained the additional budget will boost their emergency response to calls received by the […]
Read more →THREE lawmakers accused by embattled preacher Apollo S. Quiboloy of cyberlibel urged him to face cases tied to human trafficking, sexual, and child abuse, calling his charges a “misdirection” of the issue. “There is no crime in our desire for justice to prevail. Let us not waste government resources on this baseless case. They should […]
Read more →METRO Pacific Investments Foundation (MPIF), the social development arm of Metro Pacific Investments Corp., partnered with the Alaminos City government to restore a storm-damaged portion of the 8.17-hectare Bued Mangrove Eco-Park. MPIF President Melody M. del Rosario and Alaminos City Mayor Arth Bryan C. Celeste formalized the partnership under a memorandum of agreement (MoA), launching […]
Read more →THE Department of Budget and Management (DBM) said P31.2 billion has been allocated under the proposed 2027 National Expenditure Program (NEP) to fill 64,530 vacant teaching positions in public schools. The DBM said there were 31,614 vacant teaching positions when the 2026 budget was filed, while it approved the creation of 32,916 additional teaching positions […]
Read more →A LAWMAKER on Thursday urged schools across the country to integrate indigenous knowledge and practices into their curricula to help preserve cultural traditions and ensure their transmission to younger generations. In a statement, Party-list Rep. Menchie B. Bernos, vice-chairperson of the House Committee on Indigenous Cultural Communities and Indigenous Peoples, cited the integration of traditional […]
Read more →THE Asian Development Bank (ADB) could extend part of its P1.75-billion loan that filled the budget gaps arising from the government’s Unified Package for Livelihoods, Industry, Food, and Transport (UPLIFT) Program. “It’s a totally new facility specifically to address the budget gaps that have resulted from the Middle East crisis and the UPLIFT program of […]
Read more →THE US has signed on to provide technical assistance for the modernization of security at the Ninoy Aquino International Airport (NAIA), the US Trade and Development Agency (USTDA) said. In a statement, the USTDA said it signed an agreement with the New NAIA Infra Corp. (NNIC) to improve security screening infrastructure at NAIA. The USTDA […]
Read more →MANULIFE Investment Management and Trust Corp. (Manulife IM) expects the peso’s weakness to weigh on investor sentiment for companies earning revenue in the domestic currency. “Investors tend to react negatively to peso weakness because it affects both market returns and underlying fundamentals of companies. Falling share prices can be compounded by FX (foreign exchange) losses, […]
Read more →STRONGER COOPERATION between the Association of Southeast Asian Nations (ASEAN) and India has the potential to address food security concerns affecting both sides, Agriculture Secretary Francisco P. Tiu Laurel, Jr. said. Mr. Laurel issued the statement while attending the ninth ASEAN-India Ministerial Meeting on Agriculture and Forestry in New Delhi, where ministers and senior officials […]
Read more →AN EXPANSION in palm oil plantations will reduce import dependence and supply feedstock for clean energy projects, the Department of Agriculture (DA) said. Agriculture Secretary Francisco P. Tiu Laurel, Jr. told a House of Representatives budget hearing this week that the government needs to fund an increase in palm oil production, noting that imports currently […]
Read more →TWENTY-NINE electric cooperatives (ECs) in Luzon and the Visayas signed power supply deals with generators belonging to the Aboitiz Power Corp. (AboitizPower), San Miguel Global Power Holding Corp. (SMGP) and First Gen groups, according to the National Electrification Administration (NEA). In a statement on Thursday, the NEA said the Luzon and Visayas Electric Cooperatives Aggregation […]
Read more →Getting fiber internet at home can now be as easy as ordering food delivery. Globe AT HOME and Grab are expanding the country’s first order-and-install WiFi-on-demand model to more customers across Metro Manila, Cebu and Davao. Following its initial rollout in Pasig, GFiber Prepaid on GrabMart is now available in more cities, allowing households to […]
Read more →Twenty-eight (28) engineering students have completed their on-the-job training with the Meralco Power Academy (MPA) that equipped and empowered them with hands-on experience, technical knowledge, and valuable industry insights as they move toward becoming the next generation of energy professionals. During a graduation ceremony held in Pasig City, the energy education unit of Manuel V. […]
Read more →By Katherine K. Chan, Reporter Foreign direct investment (FDI) net inflows to the Philippines jumped by 35% year on year in June, even as they fell to a two-month low, central bank data showed. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) released on Thursday showed FDI net inflows climbed by 35.1% to $447 […]
Read more →The southwest monsoon may bring intense rainfall in Zambales and drench almost the entire country in the next 24 hours, posing a risk of flooding and landslides, especially in high-risk areas, according to the state weather bureau on Thursday. Rainfall in Zambales may range between 100 to 200 millimeters (mm), potentially causing numerous flooding events […]
Read more →MALACAÑANG Palace has recognized 10 new National Artists for 2026, honoring artists in such varied fields as theater lighting, architecture, music, and couture. The list was transmitted by the Palace to the Cultural Center of the Philippines which administers the award, on Sept. 2. The official proclamation has yet to be released. President Ferdinand Marcos, […]
Read more →THE PHILIPPINE BANKING sector’s nonperforming loan (NPL) ratio worsened in July as elevated inflation and higher borrowing costs drove up bad debts, preliminary Bangko Sentral ng Pilipinas (BSP) data showed.
Read more →ELECTRICITY CONSUMERS in the Visayas and Mindanao could face higher bills this month after spot market prices in both grids surged to record highs of nearly P20 per kilowatt-hour (kWh).
Read more →THE GOVERNMENT may need to revise its long-term energy and water development plans to account for the growing resource needs of artificial intelligence (AI) data centers, the Department of Economy, Planning, and Development (DEPDev) said.
Read more →PHILIPPINE electric vehicle (EV) sales are expected to post double-digit growth through 2030, outpacing overall vehicle sales as rising pump prices boost demand for more energy-efficient transport, according to Fitch Solutions unit BMI.
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