Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1861 articles from BusinessWorld
VICE-PRESIDENT Sara Duterte-Carpio remained the leading choice for President in the 2028 elections despite her impeachment trial, while Senator Christopher “Bong” T. Go emerged as the preferred vice-presidential candidate, according to a Pulse Asia Research survey released on Wednesday. The nationwide survey, conducted from June 28 to July 3 and July 6, showed 49% of […]
Read more →THE Land Transportation Franchising and Regulatory Board (LTFRB) is reviewing petitions seeking higher jeepney fares following the latest round of fuel price increases. The regulator on Wednesday said it is recomputing appropriate fare adjustments based on separate petitions filed by transport groups PISTON and Manibela. “What can be assured, however, is that instead of an […]
Read more →THE US remains open to resolving its dispute with Iran through diplomacy despite renewed hostilities, US Secretary of State Marco Rubio said on Wednesday after Southeast Asian nations urged both sides to pursue a peaceful settlement. “We are open-minded and always willing to engage in negotiated settlements of differences,” Mr. Rubio said during a post-ministerial […]
Read more →THE National Irrigation Administration (NIA) is expanding drought mitigation measures as water levels in major reservoirs remain below normal ahead of the next cropping season. Acting Division Manager Roald Marck J. Revellame told lawmakers that the agency has been coordinating with the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) and other government agencies to […]
Read more →THE Bureau of Corrections (BuCor) has transferred 16,530 inmates from the New Bilibid Prison (NBP) to prison and penal farms nationwide since 2022 as part of efforts to decongest the country’s biggest correctional facility and prepare for its eventual closure. BuCor Director General Gregorio Pio P. Catapang, Jr. said the figure includes the latest batch […]
Read more →GOVERNMENT-BACKED KADIWA stores generated more than P4.4 billion in cumulative sales from 2022 to 2026, with the P20-per-kilo rice program accounting for over half of the total, the Department of Agriculture (DA) said on Wednesday. The agency said the subsidized rice initiative generated P2.4 billion in sales after distributing 121,271 metric tons of rice to […]
Read more →THE Department of Labor and Employment (DoLE) will use its adjustment measures program to help micro, small and medium enterprises (MSMEs) cope with the P85 daily minimum wage increase in Metro Manila. Labor Secretary Francis N. Tolentino said on Wednesday the program could fund equipment and productivity-enhancing projects, allowing businesses to devote more capital to […]
Read more →A LAWMAKER on Wednesday urged the government to ratify the International Labor Organization’s (ILO) Convention No. 193, saying it would strengthen legal protections for about 9.9 million Filipinos working in the country’s gig economy. Party-list Rep. Jose Manuel I. Diokno said the convention would complement House Bill No. 6572 or the Protektadong Online Workers, Employees, […]
Read more →PHILIPPINE SHARES closed lower for a second straight day on Wednesday, dragging the main index back to the 6,200 range, as players booked gains and became increasingly cautious after the peso returned to its record low. The Philippine Stock Exchange index (PSEi) sank by 1.04% or 65.95 points to close at 6,267.85, while the broader […]
Read more →A PHILIPPINE Navy unit seized P234.4 million worth of Indonesian-made cigarettes during an anti-smuggling operation off Lutangan Island in Olutanga, Zamboanga Sibugay on July 19, authorities said. Outgoing Western Mindanao Command Chief Lieutenant General Donald M. Gumiran and Western Mindanao Naval Command chief Rear Admiral Constancio Arturo M. Reyes, Jr. said the operation also resulted […]
Read more →ONE person was killed and three others were injured after a pickup truck crashed through a roadside barrier and plunged into a rice field in Roxas, Isabela early on Tuesday, police said. The victim was declared dead on arrival at Dayos-Pascual Medical Clinic. Initial investigation showed the Isuzu D-Max was traveling eastbound toward Burgos, Isabela […]
Read more →PRESIDENT Ferdinand R. Marcos, Jr. turned over P3.4 billion in funding for peace, security and humanitarian projects in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) during a ceremony at Camp Siongco in Maguindanao del Norte on Wednesday. Officials said Bangsamoro also allocated P2.9 billion from its own budget for public services and community empowerment […]
Read more →THE Department of Information and Communications Technology (DICT) said streamlining the government’s technology portfolio to remove duplicative systems could yield up to P40 billion in savings each year.
Read more →THE Department of Trade and Industry (DTI) said it is hoping that free trade agreements (FTAs) and farm goods will help the Philippines continue the strong growth in merchandise exports posted in 2025. “Definitely, we are pushing for that,” Trade Secretary Maria Cristina A. Roque told reporters on the sidelines of the National Exporters’ Fair […]
Read more →THE Energy Regulatory Commission (ERC) said processing times for permits have dropped due to the Energy Virtual One-Stop Shop (EVOSS) system. In a statement on Wednesday, the ERC said three processes handled through the EVOSS portal are outperforming the timelines prescribed by the 2020 Citizen’s Charter. These include the authority to develop and operate point-to-point […]
Read more →EFFORTS to discourage overproduction in the face of unpredictable global demand for tobacco will be good for the industry, Japan Tobacco International (JTI) said. JTI sees the National Tobacco Administration’s (NTA) Strategic Tobacco Production Information Campaign (STRATPIC) as crucial for the industry’s ultimate sustainability by ensuring that farmers avoid market crashes due to oversupply. “Planning […]
Read more →Micro, small, and medium enterprises (MSMEs) account for 99.5% of businesses in the Philippines. Yet, a large majority still rely on cash transactions and informal financing, limiting business expansion and leaving them vulnerable during economic disruptions. During the BusinessWorld Economic Forum 2026, themed “Advancing the ASEAN Agenda: Turning Regional Vision to Corporate Action,” business executives […]
Read more →BUSINESS GROUPS urged Congress to prioritize key economic measures that would boost export competitiveness and support the digital economy.
Read more →THE RISE of artificial intelligence (AI) is reshaping cybersecurity strategies, with Philippine organizations increasing investments to counter increasingly sophisticated cyberthreats and strengthen their resilience against attacks, experts said.
Read more →THE NUMBER of approved building permits declined by 11.6% in May from a year earlier, the sharpest drop in eight months, amid rising construction costs and high borrowing rates.
Read more →THE GOVERNMENT made a partial award of the reissued Treasury bonds (T-bonds) it offered on Tuesday as players asked for higher yields amid renewed market volatility and inflation concerns due to rising oil prices driven by the Middle East war. The Bureau of the Treasury (BTr) borrowed only P25.071 billion via the reissued seven-year bonds, […]
Read more →THE Philippine Stock Exchange (PSE) has overhauled its index management policy, introducing new liquidity tests, a market capitalization screen, and revised public float rules for companies seeking inclusion in its benchmark indices beginning with the February 2027 rebalancing.
Read more →FINANCIAL INSTITUTIONS should tighten their monitoring of the casino sector to mitigate potential anti-money laundering and terrorism financing risks linked to junket operators, the Bangko Sentral ng Pilipinas (BSP) said.
Read more →PHILIPPINE AIRLINES (PAL) has signed a memorandum of understanding (MoU) with Airbus to acquire nine additional A350-1000 aircraft, with purchase rights for five more, as the flag carrier accelerates its long-haul expansion and fleet renewal program. In a statement on Tuesday, PAL Holdings, Inc., which operates Philippine Airlines, said the agreement was announced during the […]
Read more →