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Philippines Business News

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4134 articles from Manila Times Business

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Manila Times BusinessAug 3, 2026

Inflation expected to have hit 6.3%

INFLATION is expected to have eased for a third straight month in July as lower food prices offset higher power rates and despite a surge in diesel prices. The median forecast in a Manila Times poll of economists was 6.3 percent, slightly lower than the 6.4 percent recorded in June and within the 5.6- to 6.6-percent estimate issued by the Bangko Sentral ng Pilipinas (BSP) last Friday. The Philippine Statistics Authority is scheduled to release official July inflation data this Wednesday, Aug. 5.

Manila Times BusinessAug 3, 2026

Maharlika Fund not keen in AI investments

MAHARLIKA Investment Corp. (MIC) is not keen on directly investing in artificial intelligence (AI) companies, with its top official saying that the operator of the country’s sovereign wealth fund lacked the capital and expertise. “Are we investing in AI? ... the answer is no,” President and CEO Rafael Consing Jr. told reporters last week. “We’re not investing AI as a business. But what we’re going to do is, we are hoping that the investees would invest in AI t

Manila Times BusinessAug 3, 2026

‘Protection of seafarers govt priority’

THE promotion and protection of seafarers’ rights remains a foreign-policy priority, the Department of Foreign Affairs (DFA) said over the weekend. The DFA said Filipino seafarers comprise about "one-fourth of the global seafaring workforce and make an indispensable contribution to international shipping, trade and global supply chains." "They often work far from the protection and support of their home countries, underscoring the need for effective international cooperation during armed c

Manila Times BusinessAug 3, 2026

PRA expands poverty reduction, community devt programs

THE Philippine Reclamation Authority (PRA) is expanding its poverty reduction and community development programs after reporting a sharp increase in its assets and revenues, allowing the state-run corporation to significantly increase funding for scholarships, livelihood projects and other corporate social responsibility (CSR) initiatives. Speaking at a media forum in Manila, PRA Chairman Alexander Lopez said the agency is transitioning from being primarily a revenue-generating government-owned

Manila Times BusinessAug 3, 2026

Regulator urges MSMEs to incorporate for growth

THE Securities and Exchange Commission (SEC) wants more micro, small and medium enterprises (MSMEs) to incorporate as formalizing their businesses could open access to the capital market and provide additional financing options for expansion. The regulator has stepped up efforts to make incorporation and regulatory compliance less costly for smaller businesses — MSMEs account for some 99 percent of enterprises in the country — through fee discounts and digital services. Aside from ac

Manila Times BusinessAug 3, 2026

The career ladder reimagined

FOR decades, career progression followed a conventional storyline: start at the lowest rung, build tenure, climb the ladder one promotion at a time and — eventually — earn the title. Gen Z and millennial professionals, however, no longer follow this script and have since redefined work advancement. In the Philippines, the labor market helps give this a rationale. The younger Gen Z workforce is experiencing a drop in employment due to the surge of new labor force entrants. Beyond this

Manila Times BusinessAug 3, 2026

Colliers: Pax Silica could boost PH property sector

THE United States-led Pax Silica initiative could open a new growth channel for the Philippines’ industrial property sector, but its payoff hinges on how the government tackles infrastructure, environmental and geopolitical hurdles, real estate consultancy Colliers Philippines said. Pax Silica, which groups 24 countries including the Philippines, aims to secure global supply chains for critical minerals, semiconductors and AI infrastructure while cutting economic reliance on China. It plan

Manila Times BusinessAug 3, 2026

Written notice of the seller: Is it indispensable?

Dear PAO, I bought a portion of a parcel of land from someone who owned one-third (1/3) of it by virtue of an intestate succession from her deceased parents. Upon buying it, the entire property was surveyed and subdivided under a duly approved subdivision plan. Thereafter, the portion I purchased was segregated, and a Transfer Certificate of Title was issued in my name. Subsequently, I filed a verified complaint for recovery of possession with damages against the brother of the seller who curren

Manila Times BusinessAug 3, 2026

DND reports progress in AFP modernization projects

SEVERAL modernization projects of the Armed Forces of the Philippines (AFP) have advanced and are in various stages of procurement, the Department of National Defense (DND) said. It cited programs covering land-based firepower, naval weapons, air defense, aviation support and military infrastructure. The DND's Procurement Monitoring Report for the first semester of 2026 showed that a number of high-value projects have reached milestones ranging from the issuance of notices of award to ongoing bi

Manila Times BusinessAug 3, 2026

Group backs US bill vs China’s ‘gray zone’

A PROPOSED bipartisan United States Senate measure that aims to counter China's maritime gray-zone activities and could bolster international efforts to address the coercive tactics that the Philippines says it routinely encounters in the West Philippine Sea gained the support of an independent maritime transparency organization. The SeaLight Foundation, which monitors China's activities in the South China Sea, said it is prepared to support the proposed Countering Gray Zone Aggression by the Pe

Manila Times BusinessAug 3, 2026

Mitsui to test nanotechnology for coconuts

THE Department of Agriculture (DA) on Sunday said that its attached agency, the Philippine Coconut Authority (PCA), has signed a partnership with Japanese firm Mitsui to test nanotechnology in coconut farming. The two parties signed an agreement on July 27 after eight months of negotiations. The deal entails the PCA and Mitsui to conduct two years of field trials to determine whether the technology can raise coconut yields and improve tree health under Philippine conditions. “This partners

Manila Times BusinessAug 3, 2026

Suspect in Bulacan teacher’s slay surrenders

CAMP OLIVAS, City of San Fernando, Pampanga — The prompt and relentless investigation conducted by the Sta. Maria Municipal Police Station resulted in a significant development in the fatal shooting of a former barangay secretary and teacher, as the individual implicated in the case voluntarily surrendered to authorities on Saturday. Authorities said the suspect voluntarily surrendered at the Sta. Maria Municipal Police Station after learning that he had allegedly been identified by the vi