Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1861 articles from BusinessWorld
Palay production costs drop 7.7% in 2025
THE AVERAGE COST to produce palay (unmilled rice) fell 7.7% in 2025 to P55,097 per hectare, the Philippine Statistics Authority (PSA) reported. The PSA estimated the irrigated palay production costs at P58,747 per hectare, down from P63,815 a year earlier. Non-irrigated palay costs declined to P47,538 per hectare from P51,128. On a per kilogram basis, […]
Read more →NFA to raise palay buying price to P21 per kilo
THE National Food Authority (NFA) will raise its minimum buying price for palay (unmilled rice) to P21 per kilogram from P17 previously once the harvest begins in September, Agriculture Secretary Francisco P. Tiu Laurel, Jr. said. Mr. Laurel, who chairs the NFA Council, said in a statement that the increase will help farmers deal with […]
Read more →DoE reviews pricing mechanism as fuel prices may jump by up to P10/L
By Sheldeen Joy Talavera and Erika Mae P. Sinaking, Reporters THE DEPARTMENT of Energy (DoE) will meet on Friday to review its fuel pricing rules as diesel prices are poised to rise by as much as P10 per liter (L) next week after renewed tensions in the Middle East reignited concerns over global oil supplies. […]
Read more →House prosecutors push full evidence presentation
By Pexcel John Bacon and Kaela Patricia B. Gabriel THE House of Representatives prosecution panel on Thursday defended its bid to present evidence in Vice-President Sara Duterte-Carpio’s impeachment trial, arguing that accountability should take precedence over procedural objections, as it questioned the defense’s opposition to subpoena for the Vice-President’s financial records. Manila Rep. Joel R. […]
Read more →Lawmakers urge Marcos to push reform agenda in SONA
LAWMAKERS on Thursday urged President Ferdinand R. Marcos, Jr. to use his upcoming State of the Nation Address (SONA) to advance key legislative priorities, including political reforms, healthcare, senior citizens’ welfare and tighter restrictions on online gambling. In separate statements, Bukidnon Rep. Jonathan Keith T. Flores, Manila Rep. Rolando M. Valeriano and Party-list Rep. Rodolfo […]
Read more →Palace, DoJ defend NBI SEA Games probe
MALACAÑANG and the Department of Justice (DoJ) on Thursday defended the National Bureau of Investigation’s (NBI) probe into alleged irregularities surrounding the 2019 Southeast Asian (SEA) Games, rejecting claims that the investigation was meant to pressure senator-judges hearing Vice-President Sara Duterte-Carpio’s impeachment trial. “The department respects the mandate and authority of the National Bureau of […]
Read more →ERC extends power cut relief
THE Energy Regulatory Commission (ERC) has extended its suspension of electricity service disconnections for another three months, giving consumers more time to settle unpaid power bills as the war in the Middle East continues to threaten global energy markets. In an advisory issued on Thursday, the regulator ordered all distribution utilities to suspend electricity disconnections […]
Read more →DEPDev flags MIND bill overlap
ECONOMIC managers on Thursday said Senate proposals creating a Masterplan for Infrastructure and National Development (MIND) Council could duplicate powers already granted to the Department of Economy, Planning, and Development (DEPDev). At a Senate hearing, DEPDev Assistant Secretary Roderick M. Planta said the proposed measure substantially overlaps with Republic Act No. 12145, which institutionalized the […]
Read more →SC rejects contempt petitions
THE Supreme Court (SC) has dismissed separate indirect contempt petitions against political analyst Richard J. Heydarian, Party-list Rep. Percival “Perci” V. Cendaña and Presidential Adviser for Poverty Alleviation Lorenzo “Larry” G. Gadon over statements criticizing its impeachment ruling involving Vice-President Sara Duterte-Carpio. In a decision released on Thursday, the court said the petitions failed to […]
Read more →BI nabs Korean gambling fugitive
THE Bureau of Immigration (BI) has arrested a South Korean national wanted by the Interpol for allegedly operating an illegal online gambling syndicate from the Philippines. Immigration Commissioner Joel Anthony M. Viado on Thursday said the 52-year-old fugitive was arrested on Tuesday at Ninoy Aquino International Airport Terminal 1 by the bureau’s Fugitive Search Unit […]
Read more →Lawmaker urges livestock action
AN ABRA lawmaker has urged the Department of Agriculture (DA) to strengthen disease prevention measures for livestock, warning that prolonged dry conditions associated with El Niño could increase outbreaks and threaten food security. In a statement on Thursday, Abra Rep. Joseph B. Bernos cited the recent detection of highly pathogenic H5N1 avian influenza among backyard […]
Read more →BENECO rates climb on WESM
ELECTRICITY rates charged by Benguet Electric Cooperative (BENECO) rose again this month after higher Wholesale Electricity Spot Market (WESM) prices pushed up generation costs. The utility increased its residential rate by P0.6450 per kilowatt-hour (kWh) to P12.29/kWh in July, citing another surge in spot market prices. BENECO said WESM supplied about 52% of its power […]
Read more →Stocks climb further on Fed, earnings optimism
PHILIPPINE STOCKS extended their gains on Thursday as soft US inflation data eased US Federal Reserve rate hike expectations, with the market also anticipating strong second-quarter corporate results. The Philippine Stock Exchange index (PSEi) went up by 0.35% or 22.65 points to close at 6,325.15, while the broader all shares index rose by 0.44% or […]
Read more →Canon introduces EOS R6 V creator-focused hybrid camera
Canon Marketing (Philippines) Inc. on Thursday unveiled the new EOS R6 V, a hybrid camera designed for content creators that allows footage to be reframed into various aspect ratios from a single recording. The company also announced details of its Canon Creator Camp and Campus Tour events. The EOS R6 V can record footage in […]
Read more →Advocates urge Marcos to prioritize health taxes ahead of SONA
As the State of the Nation Address (SONA) draws near, advocates on Thursday called on President Ferdinand R. Marcos, Jr. to prioritize higher taxes on e-cigarettes, alcohol, and sweetened beverages to address health challenges burdening Filipino youth while generating additional revenue to fund public health programs. The call was made by the Youth for Health […]
Read more →Teachers’ groups back suspension of MMDA official after viral incident
Teachers’ groups on Thursday welcomed the temporary suspension of Metropolitan Manila Development Authority (MMDA) Special Operations Group-Strike Force Head Gabriel Go following his viral social media post on a traffic apprehension involving a teacher. “We welcome the MMDA’s decision to suspend Mr. Gabriel Go from clearing operations pending investigation,” Teachers’ Dignity Coalition (TDC) said in […]
Read more →Group flags active shooter drills as ‘band-aid solution’
A child rights group on Thursday said active shooter drills in public schools are a short-term response to rising school violence nationwide, urging the government to address the root causes of security threats. “These responses from the government on the rising school-related violence are lazy, reactive, and merely stopgap measures,” Salinlahi Alliance for Children’s Concerns […]
Read more →Leading the Way: Forest Lake records historic P5.5-billion sales and sustains strong financial growth in 2025
Forest Lake Development, Inc., the Philippines’ leading memorial park developer with Total Memorial Care, achieved another milestone year in 2025 after recording a historic P5.5 billion in sales production — the highest in the company’s nearly three-decade history and a 45% increase from the P3.8 billion recorded in 2024. Built on nearly three decades of […]
Read more →Working children make up 3.1% of Philippines’ child population in 2025
By Heather Caitlin P. Mañago, Researcher THE SHARE of working children in the Philippines rose to 3.1% of the total child population in 2025 from 2.7% a year earlier, the Philippine Statistics Authority (PSA) said. The number of working children was estimated at 869,000 in 2025, slightly higher than the 861,000 recorded in 2024. The […]
Read more →PH salt production hits 199K MT in H1, BFAR cites sector’s robust growth
Domestic production of salt reached over 199,000 metric tons (MT) in the first half of the year, signaling robust growth in the sector following government efforts to revitalize the industry. The Bureau of Fisheries and Aquatic Resources (BFAR) noted such boost in the production of artisanal, solar, and cooking salt after implementing interventions to strengthen […]
Read more →Yushoken adds donburi sets to widen dining options
Ramen Yushoken has launched its new Chibi Yudon Sets at its Molito, Alabang branch on Wednesday, adding donburi rice bowls, desserts and children’s meals aimed at diners who may not want ramen while dining with family and friends. The new menu includes four donburi options: Kakuni Don, Titan Don, Ebi Tendon, and Beef Curry, alongside […]
Read more →Palace weighs measures vs rising fuel prices
THE PHILIPPINE government is studying possible measures to cushion the impact of rising fuel prices as renewed tensions in the Middle East threaten global oil supplies, Malacañang said on Wednesday.
Read more →PSA sees ‘low likelihood’ of hitting growth goal by 2028
THE PHILIPPINES has a “low likelihood” of hitting its 6-7% gross domestic product (GDP) growth target by 2028 under the Philippine Development Plan (PDP), according to the Philippine Statistics Authority (PSA). “The latest data showed low likelihood of achieving its end-of-plan target growth rate of 6.0% to 7.0%,” the PSA said in the 2025 Statistical […]
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