Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2342 articles from BusinessWorld
Law enforcement power sought for Ombudsman
Senator Panfilo “Ping” M. Lacson has filed a bill seeking to grant the Office of the Ombudsman its own law enforcement service that is authorized to enforce investigations, arrests, detentions, searches and seizures. Under Senate Bill No. 2394 filed last Aug. 12, Mr. Lacson sought to amend the Ombudsman Act of 1989 by introducing a […]
Read more →PSEi up over 2% on bargain hunting, PMI data
PHILIPPINE SHARES surged on Tuesday as investors took advantage of lower prices following last week’s decline and with improved activity in the manufacturing sector in August lifting the market’s mood. The Philippine Stock Exchange index (PSEi) jumped by 2.31% or 137.56 points to close at 6,093.89, while the broader all shares index rose 1.33% or […]
Read more →P20-billion Animal Competitiveness Enhancement Fund delayed to 2028
AGRICULTURE Secretary Francisco P. Tiu Laurel, Jr. said he expects the P20-billion Animal Competitiveness Enhancement Fund (AnCEF) to roll out in 2028, with the Department of Agriculture (DA) still putting together the regulatory requirements. At the DA’s budget hearing at the House of Representatives, Mr. Laurel said that the AnCEF was supposed to launch next […]
Read more →Shares may rise on bargain hunting after slide
PHILIPPINE SHARES may rebound this week, supported by bargain hunting following the market’s steep decline in past sessions, even as inflation concerns and a weaker economic outlook continue to weigh on sentiment. On Friday, the Philippine Stock Exchange index (PSEi) sank by 0.8% or 48.25 points to close at 5,956.33, while the broader all shares […]
Read more →Priority measures still face delays and political hurdles despite urgent status
CONGRESS’ priority bill mechanism does not guarantee swift passage of key legislation, as measures remain vulnerable to political negotiations, procedural bottlenecks and competing priorities, political analysts said.
Read more →Marcos calls on Filipinos to defend maritime rights
PRESIDENT Ferdinand R. Marcos, Jr. on Monday called on Filipinos to help defend the country’s maritime rights and national interests, saying the Philippines would continue asserting its claims peacefully and in accordance with international law. “We will defend our rights in a peaceful manner, in accordance with the law and our principles,” he said during […]
Read more →Bank secrecy reform could boost investor confidence — political analysts
AMENDING the Philippines’ decades-old Bank Secrecy law could strengthen investor confidence by improving transparency, helping recover unpaid taxes and unexplained wealth, and reinforcing the country’s financial integrity, analysts said.
Read more →PAGASA warns of more monsoon rains
THE southwest monsoon was expected to bring heavy rainfall to parts of western Philippines over the next four days, although the overall risk of significant disruptions remained low, the state weather bureau said on Monday. In a forecast issued at 3 p.m. on Monday, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said Occidental […]
Read more →P3.7B in Taguig projects ‘wasted’
SENATOR Panfilo “Ping” M. Lacson on Monday said the government might have wasted P3.71 billion on infrastructure projects tied to alleged illegal reclamation activities along Laguna Lake in Taguig City, citing findings from an investigation conducted by his staff. “Based on official records and our investigation, the total cost of identified completed, ongoing and suspended […]
Read more →Gov’t told to hasten repair of storm damage
SENATOR Francis Pancratius N. Pangilinan on Monday asked the Department of Public Works and Highways and the Department of Agriculture (DA) to conduct immediate assessment and repairs of damaged agricultural infrastructure following recent typhoons. In a press statement, Mr. Pangilinan, who chairs the Senate Committee on Agriculture, called for the quick restoration of farm-to-market roads, […]
Read more →PHL, Brunei high courts ink deal
THE Supreme Courts (SC) of the Philippines and Brunei have partnered in pursuit of a stronger judicial training as emerging legal issues, such as artificial intelligence (AI), cybercrime, trafficking and climate-related disputes, require greater cross-border collaboration. Chief Justice Alexander G. Gesmundo said the rapid pace of change requires judges and court personnel to engage in […]
Read more →Ramon Magsaysay 2026 awardees named
SINGAPOREAN diplomat and academic Tommy Koh, Bangladeshi social development worker Runa Khan, and Myanmar human rights advocate Bo Kyi have been named recipients of the 2026 Ramon Magsaysay Award, Asia’s premier prize for public service and leadership. The Ramon Magsaysay Award Foundation (RMAF) recognized the three for their contributions to diplomacy, community development, human rights […]
Read more →Palace warns of legal action vs theft of pumping station parts
MALACAÑANG on Monday condemned the theft of critical components from Metro Manila’s pumping stations, warning perpetrators will face sanctions for sabotaging government flood-mitigation infrastructure. In a video statement on Monday, Palace Press Officer Clarissa A. Castro said the theft of parts has disrupted the operations of several pumping stations across Metro Manila. This comes as […]
Read more →Palace defends Marcos’ honorary law degree
THE Presidential Palace on Monday defended President Ferdinand R. Marcos, Jr.’s honorary Doctor of Laws degree from the Pamantasan ng Lungsod ng Maynila (PLM), saying critics misunderstood the purpose of an honoris causa award. “The title honoris causa is an honorary degree. It is a recognition or honor given to a person who has reached […]
Read more →JICA to turnover Imus retarding basin to Cavite, DPWH says
THE Japan International Cooperation Agency (JICA) is set to turnover the Imus retarding basin to the provincial government of Cavite on Tuesday, the Department of Public Works and Highways (DPWH) said. The project, developed by DPWH and JICA under a comprehensive flood management masterplan, aims to help protect Cavite from severe flooding, it said in […]
Read more →San Roque Dam in Pangasinan breaches spilling level, but gates remain closed
URDANETA CITY, Pangasinan — San Roque Dam’s water level breached its mandatory spilling level on Monday, but the National Power Corp. (NPC) said all spillway gates remain closed and there are no plans to open them. NPC Dam Management Division Manager Teresa Serra reported that the reservoir elevation reached 280.52 meters above sea level (MASL) […]
Read more →More soldiers deployed to BARMM for poll duties
COTABATO CITY — The Army’s 10th Infantry Division (ID) on Sunday dispatched two more units to help secure polling sites in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) during the Sept. 14 parliamentary elections. The commander of 10th ID, Major Gen. Alvin V. Luzon, personally led Sunday’s send-off rites for their 67th Infantry Battalion […]
Read more →Diesel prices set to fall nearly P4 per liter
OIL COMPANIES are expected to cut diesel prices by as much as P3.83 per liter, according to industry announcements. In separate advisories on Monday, the companies announced a fresh round of rollbacks starting on Tuesday, Sept. 1. Seaoil Philippines, Inc. will cut pump prices by P0.32 per liter for gasoline, P3.83 for diesel, and P3.84 […]
Read more →DA proposes geofencing 3-M hectares as renewables encroach on farmland
AGRICULTURE Secretary Francisco P. Tiu Laurel, Jr. proposed geofencing around 3 million hectares of agricultural land, particularly areas planted to rice, to prevent losing key growing areas to solar farms. Mr. Laurel met with Energy Secretary Sharon S. Garin to discuss ways to expand solar energy capacity without losing land deemed critical to food production. […]
Read more →Philguarantee targets guarantees for 10,000 more MSMEs this year
THE Philippine Guarantee Corp. (Philguarantee) is hoping to support an additional 10,000 micro, small and medium enterprises (MSMEs) this year through its loan guarantee program. Philguarantee President and Chief Executive Officer Alberto E. Pascual said: “Our growth is of course correlated with the growth of MSME lending by our partner banks and financial institutions. So […]
Read more →Gov’t budget utilization hits 94.6% at end of July
GOVERNMENT agencies posted a cash utilization rate of 94.6% at the end of July, running ahead of the 94% year-earlier pace, the Department of Budget and Management (DBM) said. In its latest Notice of Cash Allocations (NCAs) Utilization Report, the DBM said the National Government, local government units (LGUs), and government-owned and -controlled corporations (GOCCs) […]
Read more →Favorable Q2 weather behind agri PPI decline
THE continuing decline of the producer price index (PPI) for agriculture is thought to have been driven by favorable weather in the second quarter, which boosted supply and pulled down farmgate prices, former Agriculture Secretary William D. Dar said. Mr. Dar said the trend may have been arrested in the coming quarters due to the […]
Read more →46 Marcos-era ecozones projected to attract P141.2B worth of investments
THE 46 economic zones proclaimed during the Marcos administration are expected to attract P141.2 billion worth of investments and generate nearly 189,000 jobs, according to Executive Secretary Ralph G. Recto. In a statement on Monday, Mr. Recto said four-newly signed proclamations covering economic zones in Cavite, Batangas and Negros Oriental are expected to generate nearly […]
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