Philippines Business News

Infrastructure slowdown to result in 2.7% contraction in PHL fixed-capital investment this year — World Bank

PHILIPPINE GROSS fixed-capital investment is expected to contract 2.7% this year as infrastructure delays, higher energy prices and weak investor confidence weigh on capital spending, the World Bank said.

Agencies ordered to show how their budgets reflect regional dev’t priorities

NATIONAL GOVERNMENT (NG) agencies will be required to explain how they considered regional development priorities in their budget…

DoT counting on tourism pickup in Q4

THE DEPARTMENT of Tourism (DoT) is expecting steady growth in tourist arrivals this year, with visits expected to…

LRT-2, MRT-3 O&M contract bundling still under review

THE Department of Transportation (DoTr) said the possibility of bundling the operations and maintenance (O&M) contracts of Light…

PHL seeks to expand footprint in Japan ornamental horticulture

THE Department of Agriculture (DA) said the Philippines has the potential to boost its ornamental horticulture exports to…

Is the internal audit profession in tune with change?

Businesses are operating in an increasingly complex environment, where risks once considered unlikely, or even unimaginable, now demand immediate attention. The speed, complexity, and interconnectedness of change are challenging organizational leaders to anticipate emerging threats, make timely decisions, and remain resilient.

What the sell off in bonds means for monetary policy

Villages evacuated as flash flood from Budhi Gandaki river hits northern Nepal

KATHMANDU, Nepal — Residents along the Budhi Gandaki river in north central Nepal evacuated on Sunday as flash flooding destroyed homes and other structures in the area. The National Disaster Risk Reduction and Management Authority evacuated villagers and warned others to move to safer areas while remaining on alert until late Sunday. There were no immediate reports of casualties. The disaster management agency is trying to determine the cause of the flash flood in the Budhi Gandaki river,

Pueblo de Oro sets stage for LPGT’s high-stakes home stretch

MANILA, Philippines – A first Order of Merit crown is within Yvon Bisera’s reach, but Harmie Constantino stands in the way – and with three legs left in the Ladies Philippine Golf Tour season, the race for supremacy is shaping up as a down-to-the-wire battle. Bisera and Constantino lead a talented field heading into the ICTSI Pueblo de Oro Championship, which gets under way Monday (Oct. 12) at Pueblo de Oro Golf and Country Club in Cagayan de Oro. The P1.25-million championship

Brandin Podziemski receives 5-year contract extension for $110M from Warriors

SAN FRANCISCO — Guard Brandin Podziemski signed a five-year rookie-scale contract extension with the Golden State Warriors worth $110 million that takes him through the 2031-32 season, according to a person with direct knowledge of the agreement. The person spoke on condition of anonymity Saturday night because the team didn't disclose financial details in announcing the extension. Podziemski had 18 points with three 3-pointers, seven rebounds and four assists over 26 minutes in a 111-106

Lumbo seeks redemption as Miñoza joins ICTSI Pueblo hunt

MANILA, Philippines – Coming off back-to-back runner-up finishes that exposed the fine line between victory and heartbreak, Jeffren Lumbo returns to the Philippine Golf Tour with renewed hunger and a steeled resolve, seeking to turn painful lessons into a breakthrough performance in the ICTSI Pueblo de Oro Championship, which blasts off Monday (Oct. 12) at the Pueblo de Oro Golf and Country Club in Cagayan de Oro. But the Sarangani ace will have his work cut out for him against a talent-la

Rizal Memorial Coliseum eyed as Center Court for first WTA 250

MANILA, Philippines — The Rizal Memorial Coliseum in Malate, Manila is being eyed as the Center Court for the country's first WTA 250 Philippine Women's Open in November next year. Built in 1934, the Rizal Memorial Coliseum is adjacent to the Rizal Memorial Tennis Center which hosted the WTA 125 Philippine Women's Open last January. Philippine Tennis Association (PHILTA) Executive Director Tonette Mendoza said a meeting was already held to discuss this move. "We just had our first meeting

Anthropic's Claude AI submits a false tip on a Philadelphia unsolved homicide case

NEW YORK — An Anthropic artificial intelligence model submitted a false tip to a Philadelphia police website about an unsolved homicide case, authorities and Anthropic said. It's the latest example of AI models acting in unintended ways and manipulating government and other websites during tests. In a report Friday, Anthropic also disclosed a separate incident when its AI model submitted forms to an undisclosed government website instead of stopping before submission. The incident in Phila

The Cybersecurity Talent Gap Is an Economic Problem. Tolulope Michael Is Betting Non-Technical Workers Are the Answer

DALLAS, Oct. 11, 2026 (GLOBE NEWSWIRE) -- For years, the cybersecurity industry has described its hiring problem in the same terms: too many open roles, too few qualified people. The pipeline conversation has typically assumed one kind of candidate - a computer science graduate who codes. ExcelMindCyber, the Chicago-based accelerated cybersecurity training organization led by Chief Visionary Officer Tolulope Michael, is building its business on a different premise: that a large share of unfilled

Alyssa Valdez celebrates PVL decade-long journey amid retirement speculations

MANILA, Philippines —Philippine volleyball icon Alyssa Valdez remains thrilled that, years after her career-defining stint with the Ateneo Blue Eagles, she is still playing the sport she loves. On the Premier Volleyball League’s (PVL) 10th anniversary, Valdez, who has been playing volleyball for nearly 20 years—sees her decade-long involvement in the league as a personal milestone. “It’s a very, very huge milestone for me because, in my career, I never really though

Parts of Metro Manila, Rizal, Cavite to have water interruptions this week

MANILA, Philippines — Some areas in Metro Manila, Rizal and Cavite will have water interruptions this week because of maintenance works, Manila Water Company Inc. and Maynilad Water Services Inc. said on Sunday. Manila Water said that some parts of Brgy. Palingon in Taguig City will have water interruptions on October 12-13 between 10 p.m. and 4 a.m. due to looping activities at Bantayan. Some portions of Brgy. Upper Bicutan will have service interruptions on October 13-14 between 10 p.m.

Eala on track for Alexandrova rematch or Fernandez rubber match

Filipino sensation Alex Eala is on track for a rematch against Russian Ekaterina Alexandrova or a rubber match against Canadian Leylah Fernandez at the WTA 1000 Wuhan Open in China. World No. 18 Eala needs to get past a qualifier in her opening match likely on Monday before facing either No. 28 Alexandrova or No. 26 Fernandez who is of Filipino descent. Alexandrova and Fernandez were pitted against each other as the draw revealed on Saturday. Tournament No. 13 seed Eala battled Alexandrova at th

Legarda may rejoin Senate majority — Pangilinan

MANILA, Philippines — Sen. Francis Pangilinan has not ruled out Sen. Loren Legarda’s return to the Senate majority bloc, saying she was originally part of a group of five senators that included several members of the chamber’s current majority. Pangilinan said Legarda was previously part of a group composed of Senate President Pro Tempore Vicente “Tito” Sotto III, Sen. Panfilo “Ping” Lacson, Sen. Risa Hontiveros and Sen. Lito Lapid. “She came from

Pangilinan: Dropping bribery charge could speed up Duterte impeachment trial

MANILA, Philippines — The removal of the bribery article from Vice President Sara Duterte’s impeachment case could trim trial days, with the defense panel expected to cut its initial list of 30 witnesses, Sen. Francis “Kiko” Pangilinan said. In an interview with DWIZ radio, Pangilinan said a shorter witness list could speed up the defense’s presentation, though the impact would depend on how it presents its evidence. “At least on record, the defense had said i

Lacson threatening contractors with plunder charges — Cayetano

MANILA, Philippines — Senate Minority Leader Alan Peter Cayetano has accused Sen. Panfilo “Ping” Lacson of threatening contractors with plunder charges to pressure them into signing affidavits concerning alleged irregularities in projects along the Laguna Lakeshore area in Taguig City. In a Facebook livestream on Saturday, Cayetano claimed that six contractors were involved in the controversy. Four refused to sign the affidavits and two agreed to do so. He alleged that Lacson w

Over 28,000 villages declared stable, peaceful — NTF-Elcac

MANILA, Philippines — A total of 28,415 barangay (villages) in 60 provinces have been declared under Stable Internal Peace and Security (SIPS), reflecting the government’s efforts to curb communist insurgency and expand development in conflict-affected communities, the National Task Force to End Local Communist Armed Conflict (NTF-Elcac) said. NTF-ELCAC Deputy Director for Operations Rodrigo “Rhod” Lutao presented the figures during the Major Island Group Action Planning

Christa Pike is discharged from a hospital after surviving execution attempt, her attorneys say

NASHVILLE — Christa Pike, who survived Tennessee's attempt to execute her by lethal injection, has been moved back to prison, her attorneys said Saturday. Pike, 50, was discharged from the hospital and is back at the Debra K. Johnson Rehabilitation Center, the women's prison where she was housed for 30 years, her attorneys said in a written statement. "She is grateful to the first responders and her medical team for their care in these extraordinary circumstances. She is continuing to rece

Pope Leo declares death penalty 'inadmissible' as his native US plans to livestream execution

ROME — Pope Leo XIV on Saturday declared capital punishment ''inadmissible" as he marked the World Day Against the Death Penalty and his native United States announced plans to livestream an execution by firing squad. In a post on X, the American pope quoted the revised Catholic teaching on capital punishment ushered in by Pope Francis that the death penalty attacks the inherent dignity of a human being. "The common good can be safeguarded and the requirements of justice can be met without

Park service could remove more than 500 trees at historic golf course Trump wants to redesign

WASHINGTON — The National Park Service has begun a new round of tree-cutting at a historic golf course near the National Mall as the Trump administration proceeds with a plan to renovate the East Potomac Golf Links into a championship-level course. More than 500 trees "that do not contribute to the historic landscape will be removed" as part of the rehabilitation project, the National Park Service said in a court filing Friday. "No healthy trees that are contributing features of the histor