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170 articles from BusinessWorld Economy
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BusinessWorld Economy
Geothermal developers call de-risking facility a ‘milestone’ event en route to energy security
GEOTHERMAL POWER producers said a P10-billion program aimed at reducing geothermal development risks will aid the Philippines in achieving energy security by easing the way for the use of indigenous power sources. In a statement on Wednesday, the National Geothermal Association of the Philippines (NGAP) welcomed the approval of the Department of Energy’s (DoE) Philippine […]
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Apexford registered as PEZA logistics enterprise
THE Philippine Economic Zone Authority (PEZA) said it signed a registration agreement (RA) with Apexford International Corp. as a new ecozone logistics service enterprise (ELSE). In a social media post on Wednesday, PEZA said the RA clears the development of Apexford’s warehousing facility inside First Cavite Industrial Estate Special Economic Zone in Dasmariñas City, Cavite. […]
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US agricultural exports to PHL drop in 2025
THE US Department of Agriculture (USDA) said farm exports to the Philippines fell 2% in 2025 due to lower wheat prices. Despite the drop, the Philippines remains among the leading markets for US produce, and was ranked the 11th largest destination for US produce. Soybean meal was the top US agricultural export to the Philippines […]
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Canadian companies pledge P8 billion for PHL digital economy investments — DTI
THE PHILIPPINES tallied about P8 billion in investment pledges from Canadian information technology-business process management (IT-BPM) companies, the Department of Trade and Industry (DTI) said. In a statement on Wednesday, the DTI said the total includes new and expansion investments and financing commitments to the country’s IT-BPM and digital-services industries. Companies that participated in the […]
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US Dev’t Finance Corp. weighing PHL grid, transport infra projects
THE US International Development Finance Corp. (DFC) said it is exploring financing opportunities in the Philippines involving transportation infrastructure and grid modernization. “We heard about the government’s priorities from various stakeholders, including the Maharlika Investment Corp. (MIC), the National Security Council, and the Bases Conversion and Development Authority, with a focus on major infrastructure and […]
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Business name registrations down 48% in June
BUSINESS NAME registrations fell 48% to 37,041 in June, according to the Department of Trade and Industry (DTI). The DTI’s business name registry had tallied 71,578 registrations in a year earlier. Of the June 2026 total, 32,848 were new registrations, while 4,193 represented renewals. In the first half, business name registrations rose 4.82% to 659,747. […]
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PHL intangible investments up 4.6% in 2025 — WIPO
INTANGIBLE INVESTMENTS in the Philippines grew 4.6% to $49.1 billion in 2025, according to the World Intellectual Property Organization (WIPO). According to the WIPO’s World Intangible Investment Highlights 2026 report, the Philippines posted the third-strongest growth rate in intangible investments out of 15 economies in 2025, behind India (7.9% growth) and Japan (4.8%). “These figures […]
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PPP project pipeline valued at P3.1 trillion
THE PIPELINE of public-private partnership (PPP) projects stood at P3.1 trillion, according to the PPP Center. The PPP Center said that as of July 7, the 249 projects in the pipeline were in various stages of preparation. Projects being implemented numbered 303 valued at P3.56 trillion. Of the projects in the pipeline, 167, valued at […]
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RMC No. 59-2026: Who gets caught in the net?
The digital economy continues to challenge traditional tax concepts. Companies today can supply goods and services across jurisdictions without a physical presence, prompting tax authorities worldwide to adapt their rules. Last month, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 59-2026 to clarify Revenue Regulations (RR) No. 3-2025, more commonly known […]
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Sugarcane pest infestation recedes in Luzon
THE Sugar Regulatory Administration (SRA) said 233.42 hectares (ha) planted to sugarcane on Luzon were infested by the red-striped soft scale insect this year, down 85.2% from a year earlier. The infestation was detected on 151 ha of Batangas farmland, followed by Tarlac (60.42 ha), Camarines Sur (13 ha), and Isabela (9 ha). SRA officials […]
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Exporters urged to bundle shipments as workaround to EU e-commerce rules
THE Department of Trade and Industry (DTI) said exporters need to consider bundling their shipments to the European Union (EU) as a workaround to new duties and compliance requirements for electronic commerce (e-commerce) shipments. “Philippine exporters are advised to assess the potential impact of these measures on their pricing structures, logistics arrangements, and customs compliance […]
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Energy dep’t receives no response from 121 GenCos issued show-cause orders
SOME 121 power generation companies (GenCos) have not responded to show-cause orders (SCOs) issued by the Department of Energy (DoE), which is currently exploring further investigation and potential penalties. At a briefing on Monday, Energy Secretary Sharon S. Garin said the DoE sent SCOs to 203 generation companies but received replies from a little over […]
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The real cost of e-invoicing: Are Philippine businesses ready?
Every year, Wimbledon undergoes a transformation that is almost invisible to casual spectators. The grass is meticulously maintained, and the courts prepared to exacting standards long before the first serve is struck. By the time players step onto Centre Court, the preparations for the tournament are basically invisible. Businesses often experience compliance in much the […]
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Regulator extends suspension of renewable energy charges
THE Energy Regulatory Commission (ERC) extended the suspension of green energy auction allowance (GEA-All) collections for two more months, which could be reflected in lower power bills. In a statement on Monday, the ERC said it approved an extended freeze on the GEA-All collection for the July and August billing months “to help ease electricity […]
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PHL ‘needs to be ready’ for investors demanding RE to power their projects
THE Department of Finance (DoF) said the Philippines needs to be prepared to accommodate investors that prefer that their projects run on renewable energy (RE). In a statement, Finance Secretary Frederick D. Go said: “Global companies are actively seeking renewable energy to power their operations and meet sustainability commitments to their own customers — and […]
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Unified Grand Central Station cleared by ICC-CC
THE Investment Coordination Committee’s Cabinet Committee (ICC-CC) has approved four public infrastructure projects, including the Common Station of the Light Rail Transit Line 1 (LRT-1) Extension. The approval allows the government to move forward with the Unified Grand Central Station in North Avenue, Quezon City, which will serve as an integrated transport hub linking LRT-1, […]
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Senate measures set to revive cooperative, extension bureaus
TWO agriculture bureaus that had been abolished to farm out their functions to local governments are poised to be revived, Sen. Francis Pancratius N. Pangilinan said. Mr. Pangilinan said on Monday that two bills were approved by the Senate on second reading which would re-establish the Bureau of Agriculture and Fisheries Cooperatives and the Bureau […]
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Japan grants to support NFA grain quality testing system
THE National Food Authority (NFA) said Japan will provide grants to support a P184.2-million grain quality testing system. The P124.4-million grant will be provided via the Japan International Cooperation Agency, with the Philippines kicking in P59.8 million in counterpart funding. The three-year program set to run between 2026 and 2028 will upgrade laboratory facilities at […]
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Gasoline could rise P1.90 per liter, DoE says
GASOLINE PRICES could rise by as much as P1.90 per liter, though a small rollback is also possible, according to the Department of Energy (DoE). At a briefing on Monday, Energy Secretary Sharon S. Garin gave a broad range for possible gasoline price movements, from a retreat of P0.10 per liter to an increase of […]
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Surge in AI job postings points to need for ‘human-led’ control of technology — Accenture
ACCENTURE Philippines said a strategic shift is needed that places human leadership at the forefront of the artificial intelligence (AI) transformation, in the wake of a sixfold increase in job postings for AI-related skills. “What the Philippines must do now is move from humans ‘in the loop’ to humans ‘in the lead,’ where the country […]
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BoI to support Mindanao investment promotion
THE Board of Investments (BoI) said it signed a partnership with the Mindanao Development Authority (MinDA) to accelerate investment promotion efforts for the island. In a social media post on Monday, the BoI said the memorandum of agreement (MoA) seeks to enhance investor facilitation, and build a more investment-ready environment in Mindanao. Under the MoA, […]
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Energy Reform: A tax perspective on rising power costs
Rising electricity costs have once again become a pressing issue for households and businesses. Global market volatility, geopolitical tensions, and foreign exchange movements continue to push up the cost of fuel imports — particularly coal and liquefied natural gas — on which the country remains heavily dependent. While these developments are often framed in economic […]
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End of Metro Manila ecozone freeze up for Palace approval
THE DEPARTMENT of Trade and Industry (DTI) said it will recommend to Malacañang the lifting of the moratorium on registering Metro Manila economic zones (ecozone) with the Philippine Economic Zone Authority (PEZA).
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