Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1853 articles from BusinessWorld
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 […]
Read more →When opportunity knocked online: How Samara Baby & Kids built and scaled its business with Shopee
E-commerce has opened new opportunities for Filipino micro, small, and medium enterprises (MSMEs) to reach customers beyond their immediate communities. For entrepreneurs starting with little experience in online selling, however, learning how to run and grow a digital business can be just as important as finding the right product. For Jennalyn “Jenna” Indigado, founder of Samara […]
Read more →Power Mac Center celebrates 32nd anniversary with fan event, promos
POWER MAC CENTER (PMC) is celebrating is 32nd anniversary in the Philippines with special offers and a special event on Aug. 26-31 happening in SM Megamall Fashion Hall. The celebration dubbed “Mission 32” features an event exclusive to members of 1 Infinite, Power Mac Center’s loyalty program, where attendees can take on challenges and play […]
Read more →PAGASA: Southwest monsoon still threatens Luzon despite no cyclone within monitoring domain
The southwest monsoon is still expected to threaten Luzon despite no tropical cyclone currently being monitored within the monitoring domain of the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA), the agency said on Wednesday. “We are no longer monitoring any tropical cyclone or low-pressure area within PAGASA’s monitoring domain,” PAGASA weather specialist Chenel Dominguez […]
Read more →Philippine growth unlikely to top 6% in medium term — Moody’s
MOODY’S RATINGS said the Philippines’ medium-term growth outlook seems bleak as its slow investment recovery and vulnerability to climate-driven shocks may derail its economic rebound.
Read more →PHL growth likely to be second weakest among ASEAN-5 through 2027
THE PHILIPPINES will likely continue to be an underperformer in the region, with Singapore-based Oversea-Chinese Banking Corp. (OCBC) projecting it to be the second-slowest growing economy in ASEAN-5 until 2027. In an Aug. 24 report, OCBC Group Research slashed its 2026 gross domestic product (GDP) growth forecast for the Philippines to 3.2% from 3.8% previously. […]
Read more →Domestic trade in goods drops by 22% in Q2
THE PHILIPPINES’ domestic trade in goods declined by 22% in the second quarter as heightened economic uncertainty weakened demand and business sentiment, analysts said.
Read more →Philippine auto sales slip in July, but EV sales surge
VEHICLE SALES in the Philippines fell by 2.5% year on year in July, as weak consumer sentiment continued to dampen demand for big-ticket purchases, industry data showed.
Read more →SEC to limit Group A status to auditors with no material deficiencies
THE Securities and Exchange Commission (SEC) is moving to tighten accreditation rules for external auditors, including limiting its Group A classification to those with no findings of material deficiency from the regulator’s Office of the General Accountant (OGA).
Read more →Bond yields drop on demand for shorter tenors
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday at a lower yield, driven by robust demand for tenors at the belly of the curve as investors seek better returns for less risk, and with the market looking ahead to the Bangko Sentral ng Pilipinas’ (BSP) policy move […]
Read more →Ephesus Teatron Group brings Pinocchio to the mall
THE theater group Ephesus Teatron will be transporting audiences to a rustic Italian village, where their actors will breathe life into a boy-puppet named Pinocchio, carved by the old carpenter Geppetto. Carlo Collodi’s Pinocchio, a musical adaptation of this beloved children’s story, will be staged on Oct. 9, 10, and 11, at Ayala Malls Feliz […]
Read more →Manila data center pipeline shrinks 13% as new projects lag
MANILA’S data center development pipeline contracted by 13% in the first half of 2026 as new project announcements failed to replenish recently completed capacity, bucking a sharp expansion in data center development across Asia-Pacific, according to Cushman & Wakefield. Manila’s development pipeline fell to 97 megawatts (MW), comprising 5 MW under construction and 92 MW […]
Read more →NNIC moves toward common performance standards at NAIA
NEW NAIA Infra Corp. (NNIC) plans to use its new performance-based agreement with Philippine Airlines, Inc. (PAL) as a template for similar arrangements with other carriers operating at Ninoy Aquino International Airport (NAIA). NNIC said on Tuesday that the airport use agreement (AUA), the first such standardized agreement with an airline under its management of […]
Read more →Peso slips as markets weigh Iran sanctions
THE PESO edged down against the dollar on Tuesday after the United States announced economic sanctions against countries trading with Iran. The currency slipped by 0.8 centavo to close at P61.738 versus the greenback from its P61.73 finish on Monday, data from the Bankers Association of the Philippines’ website showed. The local unit opened Tuesday’s […]
Read more →The impact of artificial intelligence on the youth: The educators
(Part 4) It is in the private schools that the environment is more favorable to the close participation of parents in the education of their children, especially in the Catholic and other religious schools. Unfortunately, over the last decade there has been the so-called “crowding out” phenomenon by which rapid public high school expansion has […]
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