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1881 articles from BusinessWorld
A YOUTH group on Monday called for the full disclosure of Vice-President (VP) Sara Duterte-Carpio’s confidential funds, saying the opening of her impeachment trial should also mark the start of efforts to hold her accountable for her alleged misuse of public money. In a statement, Kabataan Party-list Vice-President for Visayas Florence Guzon alleged that hundreds […]
Read more →A LAWMAKER on Monday urged the government to strengthen job placement efforts for graduates of the Technical Education and Skills Development Authority (TESDA), saying training programs should immediately translate into employment opportunities. In a statement, Party-list Rep. Menchie “Ching” B. Bernos said that the government must prioritize helping TESDA graduates secure jobs as soon as […]
Read more →THE Department of Information and Communications Technology (DICT) on Monday opened the bidding for the P179.49-million contract to provide low-earth orbit (LEO) satellite for geographically isolated and disadvantaged areas (GIDAS). In a bid notice, the DICT invited interested parties to submit proposals for the provision of internet access via LEO satellites for GIDAs. According to […]
Read more →BAGUIO CITY — Police uncovered a cache of firearms, explosives and ammunition believed to have been hidden by New People’s Army (NPA) rebels in a former hideout in Mabuno village in Gattaran, Cagayan. The arms cache was recovered in an intelligence-driven operation after a former rebel disclosed its location, authorities said. Recovered were three M76 […]
Read more →THE MAIN INDEX climbed back to 6,200 level on Monday to hit a near three-week high as hopes that Philippine inflation eased further last month supported buying activity. The Philippine Stock Exchange index (PSEi) rose by 0.58% or 35.96 points to close at 6,223.99, while the broader all shares index went up by 0.53% or […]
Read more →THE Philippines’ elevation to upper-middle income country (UMIC) status will not immediately affect the terms of its multilateral loans or the government’s financing plans for the 2027 national budget, Malacañang said on Monday. At a briefing, Palace Press Officer Clarissa A. Castro quoted Finance Secretary Frederick D. Go as saying that multilateral development institutions typically […]
Read more →THE Department of Agriculture (DA) said it tapped the Public-Private Partnership (PPP) Center to help package agriculture PPPs that will be attractive to private investors. Agriculture Secretary Francisco P. Tiu Laurel, Jr. and Undersecretary for Agro-Marine Industrial Systems Arrey A. Perez met with PPP Center Executive Director Rizza Blanco-Latorre and Deputy Executive Director Eleazar E. Ricote, […]
Read more →THE Department of Agriculture (DA) said on Monday that it approved the construction of P2.06 billion worth of farm-to-market roads and bridges. Agriculture Secretary Francisco P. Tiu Laurel, Jr. said the projects involve 66 kilometers of farm-to-market roads and 310 linear meters of bridges in Zambales, Oriental Mindoro, Masbate, Samar, Bukidnon, and North Cotabato. Also […]
Read more →NQX, a Canadian business process outsourcing (BPO) company, is planning a P632-million expansion in Taytay, Rizal, the Department of Trade and Industry (DTI) said. The expansion is expected to create 725 new jobs in Taytay, the DTI said in a statement on Monday. NQX is also considering sites in Laoag City, Dagupan City, or Legazpi […]
Read more →THE GOVERNMENT will fast-track the approval of official development assistance (ODA)-funded projects over the next three years to maximize access to concessional financing following the Philippines’ elevation to upper-middle income country (UMIC) status, economic planners said. Economy Secretary Arsenio M. Balisacan said the Philippines will continue to qualify for some concessional loans for the time […]
Read more →THE Philippine Economic Zone Authority (PEZA) said achieving upper-middle income country (UMIC) status is expected to create opportunities to attract higher-value investments to its economic zones (ecozones). In a statement, PEZA said UMIC can help improve investor perceptions, thereby attracting “more high-value, technology-driven, and innovation-intensive investments in sectors such as advanced manufacturing, semiconductors, electronics, green […]
Read more →THE Philippine Economic Zone Authority (PEZA) said it signed a registration agreement with Industry Shared Services Centre, Inc., certifying it as a new information technology (IT) enterprise. “Under the agreement, the company will establish and operate its registered IT Enterprise at McArthur Highway, Matina IT Park, Davao City, Davao del Sur,” PEZA said in a […]
Read more →THE Philippines entered into a partnership with Denmark with the aim of mobilizing financing for priority development programs, the Department of Finance (DoF) said. In a statement on Monday, the DoF said the memorandum of understanding promotes financial and developmental cooperation. Signing for Denmark was Ambassador Franz-Michael Skjold Mellbin. “We see this partnership as an […]
Read more →The Securities and Exchange Commission (SEC) has partnered with Fuse Financing, Inc., the lending arm of GCash, to launch a nationwide financial literacy campaign that empowers Filipinos to borrow responsibly, recognize unlicensed lenders, and protect themselves from predatory lending and financial distress. The campaign features SEC-approved educational videos designed to promote responsible borrowing, help consumers […]
Read more →The Bureau of Fisheries and Aquatic Resources (BFAR) has secured the Commission on Audit’s (CoA) Unmodified Audit Opinion, the highest audit rating, for the fourth consecutive year, reflecting its commitment to fiscal integrity and clean governance. The distinction covers the Bureau’s Consolidated Annual Audit Report, including financial operations of its Central Office and all 16 […]
Read more →Super Typhoon Bavi (international name) may enter the Philippine Area of Responsibility (PAR) in the coming days and enhance the southwest monsoon, bringing strong winds and heavy rainfall to parts of the country, according to the state weather bureau on Monday. “If the super typhoon’s movement and direction do not change,” Aldczar D. Aurelio, weather […]
Read more →PHILIPPINE INFLATION likely eased for a second straight month to a three-month low in June as lower oil and rice prices offset higher electricity rates, analysts said.
Read more →THE NATIONAL GOVERNMENT’S (NG) debt service bill jumped by over 21% in May amid higher interest and amortization payments, the Bureau of the Treasury (BTr) said.
Read more →THE PHILIPPINE Stock Exchange (PSE) expects companies to raise about P204 billion through the capital market in 2026, based on applications received so far, exceeding its initial target of P170 billion. At a media briefing on Saturday, PSE President and Chief Executive Officer Ramon S. Monzon said the revised forecast is backed by applications received […]
Read more →PHILIPPINE chief executive officers (CEOs) are confident in using artificial intelligence (AI) in major company decisions, but workforce readiness and infrastructure deficiencies remain key bottlenecks, according to advisory services firm Deloitte Philippines.
Read more →THE Aurora Pacific Economic Zone and Freeport Authority (APECO) said it is soliciting clean energy and airport development investments from Malaysian firms. In a statement over the weekend, APECO said it will mount an investment mission to Malaysia on July 7-9. The mission will also gauge interest in seaport development, with APECO positioning itself as […]
Read more →THE Philippine stock market appears capable of absorbing the planned offerings of Mynt, Inc. and VITRO, Inc., analysts said, while Philippine Stock Exchange (PSE) President and Chief Executive Officer Ramon S. Monzon said appropriately timing the transactions could help ease temporary funding pressures.
Read more →MANILA ELECTRIC Co. (Meralco) posted a slight increase in energy sales volume in the second quarter, driven mainly by warmer temperatures associated with the onset of El Niño. Initial data showed that energy sales volume rose by 0.6% year on year to 14,495 gigawatt-hours (GWh), Charina P. Padua, Meralco senior vice-president and head of customer […]
Read more →EVEN WITH the US-Iran war in full swing last May, local auto sales registered a hefty rebound, per the consolidated report from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA). Versus April, total May sales hiked by 24% to reach 33,532 units. Factoring in non-CAMPI-TMA firms, total sales […]
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