Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1861 articles from BusinessWorld
Brands urged to boost visibility to AI agents
BRANDS in the Asia-Pacific (APAC) region must boost their visibility to artificial intelligence (AI) agents as consumers increasingly rely on AI to make purchasing decisions, according to global professional services firm Accenture, Inc. “The brands that act now, becoming visible to horizontal agents, exploring vertical specialization, and building the operational foundations for agent-led purchasing will be the […]
Read more →PHL obtains technical assistance grant from Green Climate Fund
THE Department of Finance (DoF) said it obtained a $6.78-million technical assistance grant from the Green Climate Fund (GCF) to strengthen the Philippines’ capacity to access climate finance. In a statement on Wednesday, Finance Undersecretary Joven Z. Balbosa said: “We welcome the GCF’s approval of this grant. More than financial support, it is an investment […]
Read more →Satellite data eyed for improving irrigation
THE Department of Agriculture (DA) said it will work with the Philippine Space Agency (PhilSA) to explore the use of satellite data to improve floodwater impounding and irrigation planning. The DA said satellite intelligence and on-the-ground validation have a role to play in modernizing agriculture by improving irrigation planning and speeding up disaster assistance. Agriculture Secretary Francisco P. Tiu […]
Read more →VAT Zero-Rating for DMEs: Then and now
Every so often, a court decision appears to open a door that we thought had already been closed. But just as taxpayers begin to assess what that opening means, Congress may step in and rebuild the doorway altogether. This appears to be the case for domestic market enterprises (DMEs) in relation to the value-added tax […]
Read more →Senate weighs subpoena for Duterte financial records given secrecy law
HOUSE OF REPRESENTATIVES prosecutors on Wednesday argued that the Senate impeachment court has the power to compel the release of Vice-President (VP) Sara Duterte-Carpio’s financial records, saying impeachment proceedings are expressly exempted from confidentiality restrictions under several Philippine laws.
Read more →DoJ studies local peace deals in Bangsamoro criminal cases
THE Department of Justice (DoJ) and the Office of the Presidential Adviser on Peace, Reconciliation and Unity (OPAPRU) are studying how locally brokered peace settlements in rido or clan feuds could be considered in criminal cases in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), saying convictions alone do not always end violence or deliver lasting justice.
Read more →Marcoleta sent to Quezon City Jail after arraignment in plunder case
SENATOR Rodante D. Marcoleta was transferred to the Quezon City Jail-Male Dormitory on Wednesday after the Sandiganbayan ordered his detention pending trial on a nonbailable plunder charge. The Department of the Interior and Local Government said Mr. Marcoleta was turned over to the Bureau of Jail Management and Penology (BJMP) at 10:49 a.m. in compliance […]
Read more →SWS: Filipinos favor AFP modernization
MORE THAN FOUR in 10 Filipinos think modernizing the Armed Forces of the Philippines (AFP) and Philippine Coast Guard should be the government’s top priority in protecting the country’s maritime rights, according to a Social Weather Stations (SWS) survey commissioned by the Stratbase Institute. The nationwide survey, conducted from June 20 to 29 among 1,200 […]
Read more →ICC cooperation still under review
MALACAÑANG on Wednesday said the Philippine government is still weighing cooperation with the International Criminal Court (ICC) after Washington stepped up its campaign against the tribunal. “At present, the potential impact is being studied. They are also examining what effect this will have on the implementation of our laws,” Palace Press Officer Clarissa A. Castro […]
Read more →Only 1 of 8 priority bills reached Palace after special session
ONLY one of the eight priority bills President Ferdinand R. Marcos, Jr. sought to fast-track through a special congressional session has reached Malacañang, Palace Press Officer Clarissa A. Castro said. Ms. Castro told a news briefing on Wednesday that the enrolled copy of the Last Mile and Geographically Isolated, Disadvantaged and Conflict-Affected Areas Schools Act […]
Read more →Senate seeks El Niño readiness probe
A SENATOR on Wednesday urged the chamber to conduct an inquiry into the agriculture sector’s preparations for the El Niño, which the state weather bureau forecasts to persist until 2027. Under Senate Resolution No. 515 dated July 14, Senator Francis Pancratius “Kiko” N. Pangilinan sought to determine the budget, planning, and government interventions needed by […]
Read more →Marcos unfazed by poll ratings
PRESIDENT Ferdinand R. Marcos, Jr. is largely unfazed by his latest net satisfaction ratings, the Palace said on Wednesday. “Whether they go up or down, the President is not affected [by numbers],” Palace Press Officer Clarissa A. Castro told a news briefing in Filipino. “In the first place, he will not run for President in […]
Read more →1Life, Singapore Diagnostics expand free lab testing for PhilHealth members
Healthtech social enterprise 1Life, Inc. has partnered with Singapore Diagnostics (SGD) to provide free laboratory tests to PhilHealth members enrolled in the Yaman ng Kalusugan Program (YAKAP), a move aimed at improving access to preventive healthcare services across the country. Under the partnership, YAKAP patients under 1Life may avail of nine diagnostic tests at no […]
Read more →PHL leads SEA in Gemini customer support use; only market with majority female users
The Philippines uses Google’s Gemini for customer support activities at nearly three times the Southeast Asian regional average, while also standing out as the only country in the region where women make up the majority of the platform’s users, according to a new Gemini report. In the first-ever Gemini Report: Southeast Asia 2026, released on […]
Read more →OFW cash remittances slump to a one-year low in May
By Katherine K. Chan, Reporter MONEY sent home by migrant Filipinos fell to its lowest level in a year in May, with the annual growth steadying from the prior month, preliminary Bangko Sentral ng Pilipinas (BSP) data showed. Cash remittances from overseas Filipino workers (OFWs) rose by 2% year on year to $2.713 billion in […]
Read more →Puregold OPM Con Generations 2026 fills the Big Dome in celebration of OPM across generations
Puregold’s OPM Con Generations 2026, spurred by a high-spirited full-house crowd at the Big Dome, recently delivered Original Pilipino Music’s (OPM) biggest and boldest celebration yet with a lineup featuring some of the country’s most sensational names in music. Held on July 11 at the Araneta Coliseum, OPM Con knocked it out of the park […]
Read more →AI, global competition force Philippines’ IT-BPM industry to cut targets
THE PHILIPPINE information technology-business process management (IT-BPM) industry slashed its revenue and employment targets for 2028, citing the rapid adoption of artificial intelligence (AI) and intensifying global competition.
Read more →Marcos: MTerra Solar to power over 2.4 million households by 2027
PRESIDENT Ferdinand R. Marcos, Jr. on Tuesday said the $4-billion MTerra Solar project in Central Luzon is expected to supply electricity to more than 2.4 million households by 2027, as the government steps up investments in renewable energy to reduce the country’s dependence on imported fossil fuels. “Last year alone, coal accounted for 57% of […]
Read more →Philippine banks’ assets soar to all-time high
THE PHILIPPINE BANKING industry’s assets jumped to an all-time high as of end-May amid stable deposit inflows, continued financing for households and businesses, and higher investment holdings, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Read more →BSP: 2028 digital payment goal achievable following zero transfer fees
THE PHILIPPINES is still on track to achieve its digital payment target by 2028, as banks and electronic wallet providers waive or cut transfer fees, the Bangko Sentral ng Pilipinas (BSP) said. “Yes, yes. We will continue to plow along until we reach that goal,” BSP Deputy Governor Mamerto E. Tangonan told Money Talks with […]
Read more →AboitizPower eyes P8.44-billion Ilocos wind farm
ABOITIZ POWER CORP. (AboitizPower) is seeking to develop a P8.44-billion wind farm in Bangui, Ilocos Norte, according to documents filed with the Department of Environment and Natural Resources (DENR). Luzon Cleanergy Generation, Inc., a wholly owned subsidiary of Aboitiz Renewables, Inc., has proposed to develop a 132.8-megawatt (MW) wind power project, based on documents submitted […]
Read more →Airport operator to develop 759-hectare Clark AeroDistrict
LUZON International Premiere Airport Development Corp. (LIPAD), the operator of Clark International Airport, is planning a 759-hectare aviation, logistics, and business hub, with a master plan due by yearend as it seeks to transform the airport into a broader economic gateway.
Read more →GT Capital receives inaugural ‘A-’ issuer rating from Japan’s JCR
GT CAPITAL Holdings, Inc. has received an inaugural “A-” foreign currency long-term issuer rating with a stable outlook from the Japan Credit Rating Agency, Ltd. (JCR), which cited the conglomerate’s business portfolio, cash flow, and financial position. In its credit report, JCR said the rating was based on GT Capital’s “strong business foundation, stable cash […]
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