Philippines Business News

Total Voting Rights

FORESIGHT VENTURES VCT PLC LEI: 213800R88MRC4Y3OIW86 TOTAL VOTING RIGHTS 30 JUNE 2026 In conformity with DTR 5.6.1R, the Company announces that, as at 30 June 2026, the Company's issued share capital consists of 107,517,576 Ordinary Shares in issue. There are no shares held in Treasury. The total number of voting rights of the Company is 107,517,576. This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their i

Transaction in Own Shares

FORESIGHT VCT PLC LEI: 213800GNTY699WHACF46 TRANSACTION IN OWN SECURITIES 30 JUNE 2026 The Board of Foresight VCT plc ("the Company”) announces that on 30 June 2026 the Company purchased for cancellation 1,687,231 ordinary shares of 1p at a gross price of 60.77p per share. In accordance with the FCA's Disclosure and Transparency Rules sourcebook transitional provision 6, Foresight VCT plc advises that, following this purchase, its capital consists of 351,918,283 ordinary shares of 1p with 351,91

PHL stocks drop on uncertainty over US-Iran talks

PHILIPPINE SHARES retreated on Tuesday as investors pocketed their profits and took a cautious stance amid persistent geopolitical uncertainty and a lack of fresh trading drivers. The Philippine Stock Exchange index (PSEi) dropped by 1.56% or 96.24 points to close at 6,037.17, while the broader all shares index fell by 1% or 33.67 points to […]

Senate ready for Sara’s impeachment trial as preparations enter final phase

THE Senate is ready for the impeachment trial of Vice-President Sara Duterte-Carpio, Senate President Sherwin T. Gatchalian said on Tuesday, as preparations entered the final stage with the inspection of security arrangements and the venue of the trial, which starts on July 6. “We are very prepared,” he told reporters during an inspection at the […]

Lawmakers seek tighter safeguards for kids on Facebook, other socmed

LAWMAKERS in both the Senate and House of Representatives are pushing tighter safeguards for children on social media (socmed) following recent school violence involving minors, with proposals ranging from a congressional inquiry into the platforms’ effects on youth to stricter age restrictions and parental oversight. Senator Vicente C. Sotto III on Tuesday filed a resolution […]

EDSA protest disrupts traffic; Marcos cancels events

A SURPRISE protest that snarled traffic along Epifanio de los Santos Avenue (EDSA) on Tuesday after the Ombudsman announced a nonbailable plunder case against a sitting senator forced President Ferdinand R. Marcos, Jr. to cancel public engagements and heightened political tensions days before Vice-President Sara Duterte-Carpio’s impeachment trial. Supporters of Senator Rodante D. Marcoleta gathered […]

House resumes hearings on wage hike bills

THE Department of Labor and Employment on Tuesday defended the country’s regional wage-setting system as the House of Representatives Labor and Employment Committee resumed hearings on bills seeking legislated minimum wage increases.

PHL, EU capital tackle FTA

FOREIGN Affairs Secretary Ma. Theresa P. Lazaro on Tuesday said the Philippines is in talks with the European Union’s (EU) capital to fast-track the conclusion of a free trade agreement (FTA), identifying new areas of partnerships on trade and maritime cooperation. At a joint media briefing with Belgium Deputy Prime Minister and Foreign Minister Maxime […]

DSWD readies P5.55-B aid stockpile

THE Department of Social Welfare and Development (DSWD) said on Tuesday it has readied P5.55 billion worth of relief supplies and standby funds as a low-pressure area (LPA) and the southwest monsoon threaten parts of Luzon and the Visayas. DSWD Assistant Secretary Irene B. Dumlao said the agency has placed its field offices on alert […]

Network for mental health pushed

A LAWMAKER on Tuesday called for the formulation of a regional rapid response network for mental health and child protection following the shooting in Tacloban City, which killed three students and injured at least 20 others. In a statement, Leyte Rep. Ferdinand Martin G. Romualdez said he met with officials from the Department of Education, […]

BI cracks down on errant foreigners

THE Bureau of Immigration (BI) on Tuesday warned that foreign nationals who violate Philippine immigration laws will face deportation, blacklisting, and other legal sanctions as it stepped up enforcement efforts in Siargao Island. Immigration Commissioner Joel Anthony M. Viado said the Philippines remains open to legitimate tourists, investors, students, and foreign residents, but those who […]

Nueva Vizcaya expands aid for solo parents

BAYOMBONG, Nueva Vizcaya — Nueva Vizcaya has stepped up its social welfare programs by releasing P6.135 million in cash assistance to 1,227 solo parents and preparing the province-wide rollout of its P20-per-kilo rice program for poor and vulnerable families next month. Provincial Social Welfare and Development Officer Flordelina C. Granada said each beneficiary from the […]

Bangsamoro police continue probe of fatal Lanao del Sur ambush

COTABATO CITY — Police investigators and local executives are still trying to put a closure on the fatal ambush of a soldier and a public school teacher on Saturday, in Barangay Lamin in Malabang, Lanao del Sur. Capt. Steffi P. Salanguit, spokesperson of the Police Regional Office-Bangsamoro Autonomous Region, and Col. Caezar P. Cabuhat, Lanao […]

LANDBANK OKs P800-M loan for Palawan microgrid projects

LAND BANK of the Philippines (LANDBANK) said it approved an P800-million financing package for Archipelago Renewables Corp. (ARC), which plans to develop hybrid renewable energy microgrids in Palawan. The company will build 16 microgrids and a 175-kilometer distribution network capable of supplying electricity to about 7,100 households, more than 300 small businesses, and key community […]

Impact of fertilizer crisis to start showing up in global harvests by 2027, OECD, FAO say

THE fertilizer shortage caused by the Persian Gulf war will start showing up in crops by 2027, the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO) said. In their Agricultural Outlook for 2026 to 2035, the two organizations said increased energy prices and reduced fertilizer could lead to the […]

El Niño strategy to focus on irrigation, cold storage

AGRICULTURE SECRETARY Francisco P. Tiu Laurel, Jr. said the Department of Agriculture’s (DA) plans for the looming El Niño will center around irrigation and water impounding projects as well as expanding the cold storage network to preserve the harvest and minimize the need to import. Mr. Laurel said inadequate storage and infrastructure is a major factor […]

Cebu cold storage supply tightening, warehouse leases stable — PRIME

THE supply of cold storage in Cebu is tightening, with a vacancy rate of only 2% of the estimated 105,600 square meters (sq.m.) of leasable pallet positions, PRIME Philippines said in a special market report. The shrinking vacancies at temperature-controlled logistics providers was attributed to rising port activity and changing consumer supply chain preferences. Major […]

Cement industry sets decarbonization targets

CEMENT manufacturers said they plan to cut back on clinker and accelerate the shift to alternative fuels in order to reduce the industry’s carbon footprint. The Cement Manufacturers Association of the Philippines (CeMAP) launched the Philippine Cement and Concrete Industrial Decarbonization Roadmap on June 29, with a target to reduce clinker use to 68% of […]

Philippine pineapple shipments start arriving in UAE

THE Department of Agriculture (DA) said on Tuesday that an 18-metric ton (MT) shipment of fresh MD2 pineapples landed in the United Arab Emirates (UAE). The DA made the announcement after a ceremonial launch held at the Al Aweer Fruit and Vegetable Market in Dubai which was organized by the DA’s Office of the Agricultural […]

BIR, Swiss chamber sign cooperation agreement

THE Bureau of Internal Revenue (BIR) said it signed a memorandum of understanding (MoU) with the Swiss Chamber of Commerce of the Philippines (SwissCham) to collaborate on tax policy and administration. In a statement on Tuesday, the BIR said the MoU establishes a framework for cooperation through regular dialogue, knowledge sharing, technical exchanges, assistance in […]

Private sector seeks easing of merger notification rules for PPPs

THE private sector is pushing for an easing of merger notification requirements for public-private partnership (PPP) projects, citing the need to accelerate infrastructure development, the Philippine Competition Commission (PCC) said. The PCC had conducted focus group discussions among companies, regulators, and investment promotion agencies on the draft rules updating the process for exempting PPP projects […]

PHL firms lag in cybersecurity for AI adoption

Philippine companies still lack cybersecurity strategies to protect their businesses as they increase their adoption of artificial intelligence (AI), according to a global AI and cybersecurity firm. “A lot of companies are jumping on the bandwagon. Everyone’s talking about it; everyone’s curious to know more about AI,” Palo Alto Networks Country Director Bernadette L. Nacario […]

Sugar farmers, workers seek audit of RSSI funds as pest continues to ravage Negros farms

At least 16,019 hectares of sugar farms on Negros Island, mostly in Negros Occidental, are affected by red-striped soft scale insect (RSSI) reinfestation

Fed’s Hammack says rate hikes possible if inflation persists