Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
300 articles from BusinessWorld
UMIC classification seen as draw for foreign investors
THE Department of Trade and Industry (DTI) said the Philippines’ reclassification as an upper-middle income country (UMIC ) is expected to attract more foreign investment. In a statement on Sunday, the DTI said UMIC status is a “powerful green light for international capital.” “This upgraded classification is set to strengthen the country’s credit profile, boost […]
Read more →Laurel to seek P220-billion agriculture budget for 2027
AGRICULTURE Secretary Francisco P. Tiu Laurel, Jr. said the Department of Agriculture (DA) is proposing a P220-billion budget for 2027, which would exceed the indicative ceiling given to the department of P160 billion. Mr. Laurel said budget priorities include the Animal Competitiveness Enhancement Fund (AnCEF), which requires a P20-billion annual budget. The AnCEF aims to […]
Read more →ADB designates Philippines as potential recipient of technical assistance to boost AI readiness
THE PHILIPPINES is among 12 economies covered by a proposed regional technical assistance project which will strengthen those countries’ artificial intelligence (AI) readiness, according to the Asian Development Bank (ADB). The project, known as Advancing Artificial Intelligence Readiness through Infrastructure, Solutions, and Enabling Skills, will seek to strengthen AI infrastructure, accelerate AI adoption, and build […]
Read more →Philippines in talks to partner with Canadian nuclear engineering company AtkinsRéalis
THE Department of Trade and Industry (DTI) said it is in talks for a possible nuclear energy tieup with AtkinsRéalis, a Canadian engineering and technology firm. Trade Secretary Cristina A. Roque and Finance Secretary Frederick D. Go met with AtkinsRéalis executives on the sidelines of President Ferdinand R. Marcos, Jr.’s working visit to Canada last […]
Read more →Philippine air cargo congestion could undermine business confidence, management group warns
THE GOVERNMENT must invest in modern cargo infrastructure and streamline customs operations further, warning that congestion at the main gateway airport could erode business confidence, the Management Association of the Philippines (MAP) said. “MAP is seriously concerned by the growing congestion at NAIA’s cargo facilities. While this may appear to be an operational issue today, […]
Read more →Is your business keeping pace with the changing tax environment?
Tax compliance is no longer a routine back-office function, instead becoming a strategic priority for organizations navigating heightened regulatory scrutiny.
Read more →Seed No. 29 Eala faces No. 13 Paolini of Italy in Round of 16
WHETHER she’s falling down like the London Bridge or standing tall like the Victoria Memorial at Buckingham Palace, Alexandra “Alex” Eala will swing and slug it out against whoever stands in her way in a bid to crack Wimbledon’s Last 8. Against champions one after another it may be, including Olympic gold medalist Jasmine Paolini […]
Read more →Van Sickle, Nxled clash with Creamline in PVL opener in Ilagan, Isabela
IN HER FIRST chance playing for the Nxled Chameleons early this year, Brooke Van Sickle needed time to mesh well and adjust to her newfound team and system. Expect her to be better this time around. The 28-year-old PVL champion and MVP should come in with more fire when Nxled shoots for a franchise-best performance […]
Read more →Biado nips Gallito to top Indonesia Open 10-Ball tilt
THEY say good players are always lucky. It was the case of Filipino world champion Carlo Biado, who escaped past an upset-conscious countryman Paolo Gallito with a hill-hill 10-9 victory on Saturday and ruled the Predator PBC International Indonesia Open 10-Ball in Jakarta, Indonesia. On the brink of being slain by the youthful Mr. Gallito […]
Read more →She belongs
For years, Alex Eala’s breakthroughs have been described in terms of firsts. First Filipina to win a junior Grand Slam singles title. First from the Philippines to crack the WTA Top 100. First to reach a WTA final. Each milestone was duly celebrated, yet each also carried an unspoken qualifier: promise. Wimbledon has now rendered […]
Read more →DoST boosts metals, engineering firms through zero-interest SETUP loans
The Department of Science and Technology (DoST) is helping businesses in the metals and engineering sector adopt new technologies through zero-interest financing under its small enterprise program, with one beneficiary in Ilocos Norte reporting improved productivity. The Small Enterprise Technology Upgrading Program (SETUP) is the agency’s flagship program for micro, small, and medium enterprises (MSMEs), […]
Read more →PLDT, Smart, DITO ink infrastructure sharing deal
Telecom giants PLDT Inc., Smart Communications, Inc. (Smart), and DITO Telecommunity signed an infrastructure-sharing agreement on Friday to expand network coverage and boost digital inclusion nationwide. “Connecting the country is a responsibility that we all share as Philippine telcos,” PLDT Chairman and CEO Manuel V. Pangilinan said in a statement. “This agreement reflects that, even […]
Read more →DoST, Vintar Ilocos Norte opens Regional Yarn Production and Innovation Center to boost local textile industry
The Department of Science and Technology (DoST) and the municipality of Vintar in Ilocos Norte on Friday officially launched the region’s Regional Yarn Production and Innovation Center (RYPIC) to strengthen the country’s textile industry by helping local weavers and other stakeholders meet their demand for quality yarn. “The launch of RYPIC here in Ilocos Norte […]
Read more →Rising kidney disease cases threaten to drain PH health resources
Expert urges early screening, lifestyle changes, vigilance toward supplements The Philippines could exhaust its healthcare resources if the rapid rise in chronic kidney disease (CKD) cases is left unchecked, a leading nephrologist has warned. Speaking at the Hisgutan Ta media forum in Cebu, Dr. Juliet Chua Chong-Noel said the growing burden of kidney disease is already straining the system, particularly through the high cost of dialysis. “If we don’t do […]
Read more →BINI named as one of PHL tourism ambassadors
Pinoy pop (P-pop) group BINI was named as one of the official Philippine tourism ambassadors on Friday, following the country’s pop music boost in the international scene. “A fresh takeaway from this first meeting is that each girl actually represents a province or a town, and they’re very, very knowledgeable about what is a charming […]
Read more →Transcycle Becomes First Motorcycle Dealership Partner of LTO XI PASADA Project
Transcycle (Gentrade International Phils., Inc.) is redefining what it means to be a motorcycle dealership by expanding its role beyond selling motorcycles to becoming a trusted government partner that helps make public services more accessible while promoting safer and more responsible mobility for Filipino communities. This vision took a significant step forward as Transcycle and the Land Transportation Office Region […]
Read more →St. Luke’s Medical Center–Quezon City introduces advanced radiotherapy system
St. Luke’s Medical Center–Quezon City has introduced the Philippines’ first TrueBeam Edge radiotherapy system, expanding access to advanced cancer treatment in the country. Manufactured by Varian, a Siemens Healthineers company, the TrueBeam Edge is a system that integrates imaging, beam delivery, motion management, and patient positioning into a single platform, enabling sub-millimeter precision radiation therapy […]
Read more →Sony celebrates a decade of 1000X with premium headphone launch
Sony Philippines marked the 10th anniversary of its 1000X headphone lineup by introducing the new 1000X THE COLLEXION in the Philippines as its latest flagship model. The 1000X lineup traces its roots to the debut of the MDR-1000X in 2016 and has since built a reputation in the premium personal audio segment. The 1000X THE COLLEXION carries that […]
Read more →PHL highlights bilateral trade, defense cooperation in US’ celebration of 250 years of independence
The Department of Foreign Affairs (DFA) on Thursday joined the US in marking its 250 years of independence, welcoming new American envoy to the Philippines Lee Lipton and highlighting bilateral trade and defense cooperation between the two countries in the celebration. Speaking at an event celebrating 250th year of US independence, Foreign Affairs Undersecretary Leo […]
Read more →PHL, Canada eye free trade deal by year-end as ties elevated to strategic partnership
The Philippines and Canada agreed to seek the conclusion of negotiations for a bilateral free trade agreement (FTA) before the end of 2026 after elevating their relationship to a strategic partnership, as the two countries moved to deepen cooperation in trade, defense, energy, labor, security and people-to-people ties. The announcement followed bilateral meetings between President […]
Read more →Potential super typhoon to enter PAR next week, enhance southwest monsoon
Typhoon Bavi (international name), which is likely to intensify into a super typhoon, could enter the Philippine Area of Responsibility (PAR) next week and enhance the southwest monsoon, according to the state weather bureau on Friday. “It is possible that by Tuesday or Wednesday, it will enter PAR,” Obet Baddrina, weather specialist at the Philippine […]
Read more →NG debt rises to P18.55 trillion in May
NATIONAL GOVERNMENT (NG) debt rose in May as it continued to raise funds to support financing needs, the Bureau of the Treasury (BTr) said. The latest data from the Treasury showed that outstanding debt stood at P18.55 trillion as of end-May, inching up by 0.41% from the previous month’s level of P18.47 trillion. “The increase […]
Read more →Economists warn slower growth could threaten Philippines’ UMIC status
PRESIDENT Ferdinand R. Marcos, Jr. on Thursday welcomed the Philippines’ reclassification as an upper-middle income country (UMIC) by the World Bank, but economists cautioned that slowing growth could threaten the country’s ability to retain the status.
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