Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2342 articles from BusinessWorld
Agencies want limits to free housing bill
GOVERNMENT housing agencies on Monday urged lawmakers to impose a fixed or reviewable period on beneficiaries of a proposed free housing program, saying the bill’s provision allowing them to occupy units indefinitely could overlap with existing housing law. During a House Committee on Housing and Urban Development hearing, the Department of Settlements and Urban Development […]
Read more →P26.13-B disaster fund unreleased as of end-August
THE GOVERNMENT had yet to release P26.13 billion in disaster-risk funds as of end-August, with the largest portion intended for rehabilitation and reconstruction assistance to local government units (LGUs), latest budget data showed. The unreleased amount represented 65.1% of the P40.15-billion National Disaster Risk Reduction and Management Fund (NDRRMF), which includes continuing appropriations from 2025 […]
Read more →Public warned against fake BuCor recruitment websites
THE Bureau of Corrections (BuCor) on Monday warned the public and prospective applicants against two fake websites impersonating its official online recruitment platform. BuCor said the websites, e-bucor-rms.vercel.app and bucor-recruitment.online, have no affiliation with the agency and were confirmed as fraudulent by its Recruitment and Information Technology departments. BuCor Director General Gregorio Pio P. Catapang, […]
Read more →P1-B subsidy for ASF vaccine pushed
A LAWMAKER on Monday urged the House of Representatives to approve the proposed funding for the government’s planned subsidy for African Swine Fever (ASF) vaccines, saying wider access to the shots could help stabilize the country’s hog supply and protect backyard raisers. In a statement, Abra Rep. Joseph Sto. Niño “JB” B. Bernos said that […]
Read more →DPWH told to tap foreign firms, PSE-listed contractors
THE GOVERNMENT should tap reputable foreign and top-tier local contractors for major flood control, hospital and school infrastructure projects, a lawmaker said on Monday, noting this could help prevent delays, substandard work and alleged “ghost” projects. In a statement, Manila Rep. Rolando V. Valeriano said large-scale projects under the Department of Public Works and Highways […]
Read more →Higher education budget for next year sought
A LAWMAKER on Monday vowed to push for an education budget equivalent to 4% of gross domestic product (GDP), saying higher funding is needed to support teachers and address the country’s continuing learning crisis. In a statement, Party-list Rep. Jose Manuel I. Diokno said the proposed reduction in education spending for next year was “unacceptable […]
Read more →Bill seeks P650 hazard pay for media personnel in embattled, calamity zones
SENATOR Mark A. Villar has filed a measure mandating employers to provide hazard pay of minimum P650 per day for media personnel assigned in embattled, isolated, and disease-infested areas, including places declared under state of emergency or calamity. Mr. Villar is also seeking additional compensation for media workers rendering overtime service and those whose shifts […]
Read more →Nueva Vizcaya race to revive P906-M infra program
BAYOMBONG, Nueva Vizcaya — The Nueva Vizcaya provincial government is racing to get a P905.6-million infrastructure program back on track after projects were hit by election restrictions, permit delays, typhoons, failed bidding and soaring construction costs. Nueva Vizcaya Provincial Engineer Jerry A. Tan said the Provincial Engineering Office (PEO) is handling 61 projects, with budgets […]
Read more →SM Cares to host largest mall-initiated International Coastal Cleanup with 32 malls nationwide
A cleaner coastline begins with people willing to show up for it. This September, SM Cares is calling on Filipinos across the country to come together in the spirit of bayanihan for the International Coastal Cleanup 2026 on Sept. 19, with simultaneous cleanup activities across 32 SM malls nationwide. Through the SM Green Movement, the […]
Read more →Student startup entries target environmental, farm challenges
The Quezon City Government, through its Local Economic Development and Investment Promotions Office (LEDIPO), awarded student innovators developing technology-based solutions for environmental and agricultural challenges at the third Startup QC Student Competition at the Quezon City M.I.C.E. Center. Student entrepreneurs are developing technology-based solutions to environmental and agricultural challenges, as the Quezon City Government seeks […]
Read more →Enhanced southwest monsoon to drench Luzon, Visayas until Wednesday
The enhanced southwest monsoon is expected to bring heavy rainfall and thunderstorms in Luzon and Visayas until Wednesday, heightening the risk of flooding and landslides, especially in high-risk areas, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Monday. The southwest monsoon, being enhanced by tropical depression Krovanh, previously known as PIlandok, […]
Read more →NG debt payments surge in July
HIGHER INTEREST and amortization payments drove the National Government’s (NG) debt service bill up by nearly 30% in July, data from the Bureau of the Treasury showed. The latest Treasury data showed payments for the government’s debt obligations rose by 29.56% to P139.99 billion in July from P108.06 billion in the same month a year […]
Read more →BSP may hit long pause if economy rebounds in second half — UOB
THE PHILIPPINE ECONOMY may recover in the second half of the year, giving the Bangko Sentral ng Pilipinas (BSP) reason to stand pat for an extended period, Singapore-based United Overseas Bank Ltd. (UOB) said. In its quarterly global outlook for the fourth quarter, UOB Group Research said the country’s gross domestic product (GDP) will likely […]
Read more →DA pushes national land use law to protect farmlands
THE Department of Agriculture (DA) said enacting a national land use law is critical to identifying and protecting prime agricultural lands, allowing the government and private sector to focus investments on areas that can sustain long-term food production.
Read more →EVAP says extended tariff perks key to meeting clean transport target
THE ELECTRIC VEHICLE Association of the Philippines (EVAP) is urging the government to extend tariff incentives for imports of electric vehicles (EV) and components through 2040, saying the move would support the Department of Energy’s clean transport goals and accelerate EV adoption.
Read more →PSE sponsor rule changes may widen SME IPO pipeline — analysts
PROPOSED changes to the Philippine Stock Exchange, Inc.’s (PSE) sponsor rules could make initial public offerings (IPOs) more feasible for small and medium enterprises (SMEs) by lowering costs for sponsors and widening the pool of advisers willing to bring companies to market, analysts said.
Read more →Sweeter things for 40th year of the Negros Trade Fair
FORTY YEARS after the Negros Famine of the 1980s that sparked the launch of the Negros Trade Fair in the first place, things are sweeter for the region — and the fair. In an event on Sept. 1 in SM Aura, where the fair will be held at the SMX Convention Center within the Taguig […]
Read more →AIC eyes Asian flights to support airport traffic
ABOITIZ INFRACAPITAL, INC. (AIC) expects additional inbound flights from key Asian markets, including China, Japan, South Korea, and Taiwan, to support passenger traffic across its airport network toward the end of the year, its top official said. “There’s a lot of flights for Q4 (fourth quarter), but we are monitoring the movement of jet fuel […]
Read more →Rates of Treasury bills, bonds may rise as inflation fears grow
RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) to be offered this week may be mostly higher as the market stays wary amid fresh inflation risks from the Middle East conflict, and due to hawkish US Federal Reserve bets. The Bureau of the Treasury (BTr) will auction off up to P60 billion in […]
Read more →Aboitiz Foundation strengthens partnership with LMP, TESDA to bring opportunities to more communities
Aboitiz Foundation is strengthening two key partnerships with the League of Municipalities of the Philippines (LMP) and the Technical Education and Skills Development Authority (TESDA) to bring education, livelihood, and sustainability programs closer to Filipino communities. Through its partnership with LMP, Aboitiz Foundation will work with municipalities nationwide to identify communities where its flagship programs — AuroraPH, Elevate AIDA, and CarbonPH — […]
Read more →Cathay Pacific studies additional PHL flight frequencies
CATHAY PACIFIC Airways Ltd. is studying additional flight frequencies on its Philippine routes as it reviews capacity amid growing passenger demand, its local head said. “I think for the Philippines, we have grown over the period of time. It has always been an important market for us. The Philippines will continue to be a very […]
Read more →A zombie budget: Skewed priorities in DoTr’s 2027 budget proposal
The Department of Transportation’s (DoTr) proposed P251.93-billion budget for 2027 is a rehash of past submissions — a “zombie budget” that recycles old projects without addressing urgent national transport priorities. Despite the Philippines’ archipelagic geography, high logistics costs, and a sclerotic public transport system relied upon by millions across 1,600 local government units (LGUs), the […]
Read more →Peso may slide to fresh record lows on revived Fed hike bets
THE PESO may sink to new record lows versus the dollar this week after stronger-than-expected US labor data bolstered expectations of a hawkish US Federal Reserve, and with the Middle East war weighing on market sentiment. On Friday, the local unit dropped by seven centavos to log a new all-time-low close of P62.59 from P62.52 […]
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