Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2342 articles from BusinessWorld
Pax Silica to boost Manila’s tech value chain, says DFA
THE Washington-led Pax Silica initiative could help the Philippines move up the global technology value chain by supporting semiconductor production, critical mineral processing and emerging technologies, the Department of Foreign Affairs (DFA) said.
Read more →House urged to review parliamentary courtesy amid budget scrutiny
By Pexcel John Bacon A LAWMAKER urged the House of Representatives to review its practice of extending parliamentary courtesy to the President and Vice-President, saying the tradition should not prevent lawmakers from scrutinizing their proposed budgets. Party-list Rep. Leila M. de Lima, a House senior minority leader, told BusinessWorld that parliamentary courtesy is rooted in […]
Read more →TUCP rejects fresh P60 NCR wage hike
THE Trade Union Congress of the Philippines (TUCP) opposed the fresh P60 daily wage increase in the National Capital Region (NCR), saying it could effectively replace the P85 increase under an earlier wage order and deny workers more than P2 billion in back pay. “The Department of Labor and Employment (DoLE) did not merely fall […]
Read more →SC reverses Imelda Marcos’ graft conviction over foreign foundations
THE Supreme Court (SC) overturned the conviction of former first lady Imelda R. Marcos on seven counts of graft over her alleged financial interest in Swiss foundations, finding the prosecution failed to prove her guilt beyond reasonable doubt. In a 50-page decision promulgated Jun. 10 and made public on Wednesday, the SC’s First Division acquitted Mrs. Marcos […]
Read more →Nearly half of Filipinos expect better living conditions in next 12 months
ABOUT 48% of adult Filipinos surveyed in June believed their personal condition would get better over the coming 12 months, climbing from 38% in March, according to a Social Weather Stations (SWS) survey. In a statement on Wednesday, the pollster said its second-quarter 2026 survey found 31% expecting their living standards to stay the same, […]
Read more →Gov’t to keep investing in education
PRESIDENT Ferdinand R. Marcos, Jr. vowed to sustain the government’s investments in basic education after the Philippines logged its best scores yet in an international student assessment. Mr. Marcos made the pledge after the Organisation for Economic Co-operation and Development (OECD) released the 2025 Programme for International Student Assessment (PISA) results, which showed the Philippines […]
Read more →Schools must act first vs bullying
THE Department of Justice (DoJ) said schools should primarily handle bullying incidents involving their students, while cases requiring legal or prosecutorial intervention may be referred to its offices. “Addressing bullying is not only the responsibility of the person being bullied. It is also the responsibility of teachers, parents, school personnel, and everyone in the school […]
Read more →Budget realignments eyed to boost infra spending
THE House of Representatives is eyeing an increase in infrastructure spending for 2027, with lawmakers considering the realignment of funds from other agencies with low utilization to help boost the Department of Public Works and Highways (DPWH) budget. Surigao del Sur Rep. Romeo S. Momo, Sr., vice-chairperson for the Committee on Appropriations, said on Wednesday […]
Read more →Senate eyes finance subpanel shifts amid Legarda absence
SENATE Finance Committee Chairperson Joseph Victor “JV” G. Ejercito said government agencies assigned to the subcommittee of Senator Lorna Regina “Loren” B. Legarda, who is on extended medical leave, may be reassigned should she fail to return in two to three weeks. Mr. Ejercito said on Wednesday the budget process is being hounded by logistical […]
Read more →DEPDev told to identify labor master plan gaps
SENATOR Joel J. Villanueva has called on the Department of Economy, Planning and Development (DEPDev) to come up with an account of gaps and progress of the implementation of the national labor master plan following rise in jobless rate. In a press statement on Thursday, Mr. Villanueva, who chairs the Labor committee, raised concerns over […]
Read more →Dismissal of complaints vs House prosecutors clears way for impeachment witnesses
THE dismissal of the complaint filed against House of Representatives prosecutors has removed a possible hurdle for witnesses who are expected to testify in the impeachment trial of Vice-President Sara Duterte-Carpio, Manila Rep. Joel R. Chua said on Wednesday. The dismissal of the complaint filed by Manases “Mans” R. Caprio was expected, calling the case […]
Read more →Palace: No special treatment for Romualdez
MALACAÑANG on Wednesday pushed back against claims that former House Speaker Ferdinand Martin G. Romualdez received special treatment following his arrest, saying his hospital confinement was based on doctors’ medical findings, not political consideration. Mr. Romualdez, a cousin of President Ferdinand R. Marcos, Jr., was served an arrest warrant at a hospital in relation to […]
Read more →DICT bids out P519-M middle-mile fiber contract in Zamboanga, BARMM
THE Department of Information and Communications Technology (DICT) opens bidding for a P519.16-million contract to design and build the middle-mile fiber project in Zamboanga and Northern Mindanao. In a bid notice, the DICT sought out interested parties for Phases 4 and 5 of the Middle Mile 1 fiber optic cable project in the Zamboanga Peninsula […]
Read more →MMPC remits P9B to BoC’s Batangas port
MITSUBISHI Motors Philippines Corp. (MMPC) has remitted P9.05 billion to the Bureau of Customs (BoC)-Port of Batangas in the first seven months, making it one of the port’s top three contributors of import revenues. The automaker’s remittances account for 6.3% of the agency’s total collections as of end-July, it said in a statement on Wednesday. “The recognition […]
Read more →Court convicts 3 in Degamo slay case
THREE men linked to the fatal shooting of former Negros Oriental Governor Roel R. Degamo were convicted in separate cases involving illegal possession of firearms and ammunition and unlawful possession of explosives. The Manila Regional Trial Court Branch 40 found Joric G. Labrador, Joven C. Javier and Benjie B. Rodriguez guilty beyond reasonable doubt, the […]
Read more →SC limits indigenous peoples commission jurisdiction
THE Supreme Court (SC) has ruled that the National Commission on Indigenous Peoples (NCIP) has jurisdiction over disputes involving indigenous peoples only when both parties belong to the same indigenous group. In a decision penned by Associate Justice Henri Jean Paul B. Inting, the SC’s Third Division dismissed the petition of spouses Elvin and Jocelyn […]
Read more →Namfrel flags risks to BARMM poll legitimacy
THE National Citizens’ Movement for Free Elections (Namfrel) warned that five political and security risks could trigger a dispute over the legitimacy of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) parliamentary elections despite the Commission on Elections’ (Comelec) technical readiness for the Sept. 14 polls. In its pre-election assessment released on Wednesday, Namfrel said […]
Read more →Philippine stocks rise further on foreign buying
PHILIPPINE STOCKS climbed further on Wednesday as bargain hunting and foreign buying continued to lift the market, although gains were limited as investors stayed cautious amid uncertainties. The Philippine Stock Exchange index (PSEi) rose by 0.17% or 10.54 points to close at 6,116.53, while broader all shares index inched up by 0.04% or 1.28 points […]
Read more →Looming end of gov’t term sets off rush to sign PPP deals
THE Public-Private Partnership (PPP) Center expects its P3.07-trillion project pipeline to grow further towards the end of the current administration, with implementing agencies seeking to get more projects approved and awarded before the leadership transition.
Read more →PBEd pushes for decentralization to address learning crisis
The Philippine Business for Education (PBEd) on Tuesday called for greater decentralization of education governance, bringing together education leaders, local government practitioners and experts at a forum in Makati City to explore how giving local communities more authority could help address the country’s persistent learning crisis. The high-level forum, held at the PHINMA Plaza Roofdeck […]
Read more →El Niño may cause drought in Camarines Sur, hit 61 provinces— PAGASA
The El Niño phenomenon, which is likely to persist until the first half of 2027, is projected to cause drought conditions in Camarines Sur and dry conditions and dry spells in 61 provinces across the country, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Wednesday. “We still forecast drought conditions in […]
Read more →Philippine banks’ July bad loan ratio rises to 3.35%
PHILIPPINE BANKS’ nonperforming loan (NPL) ratio worsened in July as soured debt rose, preliminary Bangko Sentral ng Pilipinas (BSP) data showed. Banks’ gross NPL ratio rose to 3.35% in July from 3.29% a month earlier, but eased from 3.4% in the same month last year. This was the highest bad loan ratio in two months […]
Read more →DoT’s ‘rebrand’ expected to boost tourism growth
The Department of Tourism (DoT) said that changing its branding direction in its Love the Philippines campaign will help boost the country’s tourism growth. “Upon entry into the office, the first mandate that I had carried out was to change the tone of voice of the Department of Tourism with regard to how it communicates […]
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