Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2342 articles from BusinessWorld
Recto says budget cut won’t affect OP functions
THE proposed 64% reduction in the Office of the President’s (OP) budget for 2027 will not affect its ability to carry out its functions, Executive Secretary Ralph G. Recto said on Sunday. In a statement, Mr. Recto said the OP is seeking a P10.15-billion budget for 2027, down from the P28-billion allocation for the current […]
Read more →Romualdez camp wants to comment on flood allegations
FORMER House Speaker Ferdinand Martin G. Romualdez, through his legal counsel, called on the Office of the Ombudsman to allow the lawmaker to comment on new allegations linked to the multibillion flood controversy. Abdiel Dan Elijah S. Fajardo, legal spokesperson for Mr. Romualdez, sought a chance to address accusations amid concerns that former Public Works […]
Read more →Senator calls for swift passage of infra masterplan amid substandard projects
SENATOR Erwin T. Tulfo pushed for the swift passage of the Masterplan for Infrastructure and National Development (MIND) Act to curb fund wastage in substandard projects amid deliberations on the proposed 2027 national budget. Mr. Tulfo said the successive rains have proven which among the existing infrastructure are substandard due to damaged roads and bridges, […]
Read more →BI cracks down on foreign offenders, fugitives
THE Bureau of Immigration (BI) has barred two American nationals convicted of child sex offenses and arrested a Korean fugitive wanted for fraud in separate operations as part of intensified enforcement against foreign nationals considered threats to public safety. The agency on Sunday said that the two Americans, aged 53 and 57, were excluded from […]
Read more →P30-M infra projects in Cotabato launched
COTABATO CITY — Local executives inaugurated separately on Friday, almost P30 million worth of infrastructure projects in four areas in Makilala town in Cotabato, meant to boost commerce in trade in the municipality, now free from the presence of the New People’s Army (NPA). Radio reports on Sunday stated that Vice-Governor Ella Taliño-Taray led the […]
Read more →TAYO MISMO: A daughter’s tribute, and a leader’s playbook
THE BEST IS YET TO COME Gil G. Chua Is Still Building — and Still Teaching Us How By Anna Chua Norbert, his eldest daughter Most people, on their birthday, look back. My father looks at what’s next. He has spent more than four decades building a company, and this past year, he had to rebuild it — […]
Read more →Cignal expands global sports lineup with return of beIN SPORTS
Renewed partnership brings more world-class football, motorsports, racket sports, and other major competitions to Filipino viewers beginning Aug. 28. Cignal is bringing Filipino sports fans even closer to the biggest sporting events from around the world as it welcomes back beIN SPORTS to its sports channel lineup beginning Aug. 28, 2026. Through the renewed partnership, Cignal […]
Read more →Tea, reimagined: Discover CBTL’s Frozen Fruit Teas exclusively at SM Store
Sometimes, the most refreshing thing on the menu isn’t what you usually order. This Sept. 10, SM Store and The Coffee Bean & Tea Leaf (CBTL) invite shoppers to discover a new way of drinking tea with the launch of three Frozen Fruit Tea drinks, available exclusively at CBTL locations inside SM Store branches nationwide. […]
Read more →Taiwan Excellence brings 24 innovative brands to the Philippines, opening new opportunities for business
Taiwan is bringing its innovation capabilities closer to the Philippine market as the Taiwan Excellence Pavilion takes part in Taiwan Expo 2026 from Sept. 17 to 19 at the SMX Convention Center in Manila. Under the theme “Empowering a Smarter Future,” the pavilion will feature 24 Taiwan Excellence-awarded brands spanning Intelligent Technology, Smart Life, Smart […]
Read more →Aspiring radiologists should consider interventional field as AI advances, says Singapore-based PCC official
Aspiring radiologists should consider specializing in interventional radiology over diagnostic radiology as artificial intelligence (AI) could possibly take on the task of interpreting medical images, according to the co-founder of Singapore-based Parkway Cancer Centre (PCC) on Friday. “If anyone wants to do radiology, you should not do diagnostic radiology. You must be an interventional radiologist,” […]
Read more →PHL seeks to expand health, wellness tourism in ASEAN
The Philippines is seeking to expand its health and wellness tourism sector and strengthen its position as a regional wellness destination as the Health & Wellness Confex 2026 (HWONFEX) brings together industry stakeholders under the country’s ASEAN Chairmanship. The health and wellness expo opened on Friday at the SMX Convention Center in Pasay City, with […]
Read more →QC court issues arrest warrant for VP Duterte
PHILIPPINE VICE-PRESIDENT Sara Duterte-Carpio is facing a warrant of arrest after a Quezon City court issued the order on Friday, rejecting her bid to block it in a criminal case accusing her of threatening to kill President Ferdinand R. Marcos Jr. Branch 98 of the Quezon City Regional Trial Court denied Ms. Duterte’s “Motion to […]
Read more →US pressure on Iran starting to tell, as sanctions and blockade bite
DUBAI — A US campaign to throttle Iran’s economy by blockading its oil exports and stopping sanctions evasion is growing increasingly difficult to withstand, three senior Iranian sources said. Washington has in recent weeks sought to ratchet up the economic pressure on Tehran, in an effort to extract concessions in any future negotiation that six […]
Read more →PHILTOA opens 37th Philippine Travel Mart, looks to next-gen tourism
The Philippine Tour Operators Association (PHILTOA) opened the 37th Philippine Travel Mart (PTM) on Friday, bringing together tourism stakeholders from across the country for a three-day showcase of destinations, travel experiences and industry partnerships. Running at the SMX Convention Center Manila from Sept. 4 to 6, this year’s PTM brings together destinations, tour operators, hotels, […]
Read more →Philippine business sentiment turns sour in July amid inflation, war woes
By Katherine K. Chan, Reporter Philippine business sentiment turned sour as renewed tensions in the Middle East and sticky price pressures sparked concerns, a survey by the Bangko Sentral ng Pilipinas (BSP) showed. Based on the central bank’s latest business expectations survey (BES), Philippine firms’ current-month confidence index (CI) plunged to -20.3% in July. This […]
Read more →Weak peso underscores need for fiscal consolidation, export growth – Balisacan
By Justine Irish D. Tabile, Senior Reporter The Philippines’ weak peso is being driven by renewed geopolitical uncertainty and widening trade and current account deficits, underscoring the need for fiscal consolidation and a shift toward export-led growth, Economy Secretary Arsenio M. Balisacan said. He said the renewed conflict involving Iran and the United States has […]
Read more →Modernization of tech-voc education, training system gets ICC-CC nod
The Investment Coordination Committee–Cabinet Committee (ICC-CC) on Friday approved key enhancements to a project that aims to modernize the Philippine technical and vocational education and training (TVET) system. “The government’s investment in technical and vocational education is an investment on the Filipino people,” ICC-CC Chair and Finance Secretary Frederick D. Go said in a statement. […]
Read more →DigiPlus earns 3 honors at 22nd Philippine Quill Awards
DigiPlus Interactive Corp., the country’s leading digital entertainment provider behind BingoPlus, ArenaPlus, and GameZone, earned three Awards of Excellence at the recently concluded 22nd Philippine Quill Awards for communication initiatives spanning business growth storytelling, integrated financial and sustainability reporting, and responsible gaming advocacy. Organized by the International Association of Business Communicators (IABC) Philippines, the Philippine […]
Read more →Southwest monsoon brings heavy rainfall over Metro Manila, other 10 areas
Heavy rainfall warnings have been hoisted in Metro Manila and 10 other areas in Luzon due to the southwest monsoon, heightening the risk of flooding and landslides, according to the state weather bureau on Friday. “The effects of the southwest monsoon, or habagat, will continue and will bring heavy to intense rainfall, particularly in areas […]
Read more →Philippine headline inflation eases to five-month low in August
By Katherine K. Chan, Reporter SOFTER FOOD and utility prices eased pressures from elevated transport costs in August, bringing headline inflation to its slowest pace in five months, the Philippine Statistics Authority (PSA) said on Friday. Based on PSA data, headline inflation, as measured by the consumer price index, eased to 6.1% in August from […]
Read more →Philippine NG debt hits record-high P19.39 trillion
THE NATIONAL Government’s (NG) outstanding debt rose to a fresh high of P19.39 trillion at end-July amid higher domestic and external borrowings and the revaluation of foreign currency-denominated obligations, the Bureau of the Treasury (BTr) said.
Read more →Philippines’ fiscal deficit-to-GDP ratio to further narrow until 2027
THE PHILIPPINES’ fiscal deficit-to-gross domestic product (GDP) ratio will likely narrow until 2027 as the government’s tax reforms are expected to boost revenue mobilization, the ASEAN+3 Macroeconomic Research Office (AMRO) said.
Read more →Hydrogen seen as long-term energy solution for Philippines but high costs remain a barrier
GREEN HYDROGEN could bolster the Philippines’ energy security over the medium to long term, but high costs remain a major hurdle to its development, analysts said.
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