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316 articles from BusinessWorld Economy
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BusinessWorld Economy
Over 100,000 households identified as potential microgrid customers
THE Department of Energy (DoE) said it set a target of more than 100,000 households in remote areas to be potentially served by microgrids in the next project bidding round. In a statement on Wednesday, the DoE said it identified 369 unserved and underserved areas across 23 provinces for potential inclusion in the upcoming microgrid […]
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Banana exporters sign deals to ship saba to Hong Kong, New Zealand
THE Department of Agriculture (DA) said on Wednesday that banana exporters signed contracts with Hong Kong and New Zealand companies to supply Cardaba bananas (saba). The contracts were signed during the Asia Fruit Logistica exhibition in Hong Kong, to which the Philippines returned after a 10-year absence. Arnel V. De Mesa, DA spokesman and agriculture […]
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PHL students more dependent on AI than peers in OECD — PISA
FILIPINO STUDENTS are turning to artificial intelligence (AI) for schoolwork at higher rates than their peers in most Organisation for Economic Co-operation and Development (OECD) countries, according to the 2025 Programme for International Student Assessment (PISA).
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LRT-1 Las Piñas construction timeline estimated at 3 years
THE Department of Transportation (DoTr) said it expects a three-year construction timeline for the Las Piñas station of the Light Rail Transit Line 1 (LRT-1) Cavite extension. “Once we have the formal permit to enter, we will proceed with the demolition. Based on our estimate, it will take three years including demolition, acquisition, design and […]
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P6.2 billion released soon for El Niño farm aid
THE Department of Agriculture (DA) said on Wednesday that it expects the imminent release of a P6.2-billion Special Allotment Release Order that will fund fuel and fertilizer assistance to farmers during the El Niño episode. Arnel V. De Mesa, DA spokesman and agriculture assistant secretary for special concerns and official development assistance, told reporters that […]
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PHL seeking $100-M loan from ADB for solid-waste management in Manila, Pasig
THE PHILIPPINES is seeking a $100-million loan from the Asian Development Bank (ADB) to address solid waste management challenges in Manila and Pasig through the Advancing Circular Urban Pathways Project (ACUP). The ADB said ACUP seeks to establish viable investment models for waste collection, recycling, and value recovery. “ADB’s investment in city-level segregation, collection, and […]
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What RMC No. 94-2026 means for retirement savers
While the shortness of life often encourages us to live in the present, it is equally important to prepare for the future with hope and confidence. Of the many things that require long-term planning, financial security and retirement remain particularly important, along with understanding the available incentives. For contributors to a Personal Equity and Retirement […]
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Australian institutional investors explore PHL energy, infrastructure opportunities
AN AUSTRALIAN delegation of institutional investors is visiting the Philippines to discuss energy and infrastructure projects, the Australian embassy said. In a statement issued to mark the 80th year of diplomatic ties between the two countries, the embassy said the institutional investors, with A$1.4 trillion in assets under management, will be in the Philippines until […]
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Green-lane system claims processing time for permits cut to little over a week
THE Board of Investments (BoI) said the permit processing time for green lane-eligible projects has been reduced to 7.67 days, from 19.12 days previously. The BoI said in a statement Tuesday that the average was taken from 122 projects deemed sufficiently strategic to qualify for expedited permit processing. At the end of August, green lane-eligible […]
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Biomass auction set for 4th quarter, DoE says
THE Department of Energy (DoE) hopes to conduct the sixth round of the green energy auction (GEA-6), which is dedicated solely to biomass projects, in the fourth quarter. “The auction proper will take place in the fourth quarter of 2026,” Energy Undersecretary Rowena Cristina L. Guevara told reporters on Monday. Ms. Guevara said the DoE […]
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JICA technical aid to boost PHL bridge, tunnel-building capacity
THE Department of Public Works and Highways (DPWH) and the Japan International Cooperation Agency (JICA) signed a technical cooperation agreement to boost Philippine capacity for carrying out bridge replacement and rehabilitation as well as for building road tunnels. In a statement, the two sides formalized the implementation of three technical cooperation projects to help address […]
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PHL AI masterplan targets investments of $34.4B
THE Department of Information and Communications Technology (DICT) said its AI+ Infrastructure Masterplan (PAIIM) set an investment target of $34.4 billion until 2033, boosted by plans by at least two US hyperscalers to start setting up 400-megawatt (MW) data centers as early as next year. “By leveraging the country’s strategic location, strong talent base, and […]
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Philguarantee provides cover for P2.41B worth of cooperative loans
THE Philippine Guarantee Corp. (Philguarantee) has said it backed P2.41 billion worth of outstanding guaranteed loans for cooperatives as of the end of June. This benefited 24,386 individuals, the state-owned corporation said in a statement Tuesday. “As a key partner in development financing, Philguarantee empowers cooperatives to expand their lending capacity and provide financing support […]
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‘No collapse evident’ in BPOs despite AI — HSBC
THE Philippine services industry is benefiting rather than suffering from the global artificial intelligence (AI) boom, with AI tools accelerating employment and productivity in the business process outsourcing (BPO) sector, HSBC Ltd. said. In theory, “other business services” such as those offered by the BPO sector should be vulnerable to AI automation, according to HSBC […]
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5 idle coal-fired power plants seen back by Oct.
THE Department of Energy (DoE) said it expects five more coal-fired power plants totaling 722 megawatts (MW) in the Visayas and Mindanao to return to service by October. In a briefing on Monday, Energy Secretary Sharon S. Garin said the government is aiming to stabilize the Visayas grid as fast as possible after the shutdown […]
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Geothermal developers push for pricing overhaul ahead of GEA-9
GEOTHERMAL DEVELOPERS are calling for a revamp of the pricing mechanism for the government’s upcoming green energy auction (GEA) to better reflect the “true cost” of geothermal power and attract more bidders. Jaime Jemuel Austria, Jr., president of the National Geothermal Association of the Philippines, Inc., said the group will submit its geothermal pricing recommendations […]
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DA rejects claims of imports weakening pork farmgate price
AGRICULTURE SECRETARY Francisco P. Tiu Laurel, Jr. said pork imports did not cause a decline in farmgate prices, but blamed a rush to sell hogs due to fears of another outbreak of African Swine Fever (ASF). In a statement, Mr. Laurel said hog raisers increased their herds last year in response to high prices, but […]
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PHL seen on track for data center capacity target
THE PHILIPPINES is on track to hit 1.5 gigawatts (GW) of data center capacity by 2028, with a favorable regulatory framework and geographic advantages expected to attract foreign operators, the Data Center Association of the Philippines (DCAP) said. “There is a lot of generation coming not just from players that you know. There’s a lot […]
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Zero banana tariffs top PHL agenda during JPEPA review
THE PHILIPPINES will push for zero tariffs for banana exports to Japan during the review of the Japan-Philippines Economic Partnership Agreement (JPEPA), part of a broader effort to become the world’s top banana exporter, the Department of Trade and Industry said. “Now, our tariff is 8% to 18% depending on the season… In the end, […]
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Hog industry presses for prompt AnCEF rollout
THE National Federation of Hog Raisers said the Department of Agriculture (DA) needs to “fight” for the rollout of the Animal Competitiveness Enhancement Fund (AnCEF), after its release was delayed to 2028. Federation Chairman Alfred Ng said Agriculture Secretary Francisco P. Tiu Laurel, Jr. needs to get a handle on the bureaucratic processes needed to get the […]
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High-value crops, fish prices rise due to storms, monsoon
PRICES of high-value crops and fish increased due to flooding and the resulting damage caused by the recent tropical cyclones and the enhanced southwest monsoon (habagat), the Department of Agriculture (DA) said. Speaking on the sidelines of the Department of Agriculture’s (DA) budget hearing at the House of Representatives last week, Agriculture Secretary Francisco P. […]
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BoC August collections top P81 billion
THE Bureau of Customs (BoC) collected P81.361 billion in August, up 5.1% from a year earlier, slightly short of its target for the month due to weather disturbances and work suspensions. In a statement on Monday, the BoC said August collections rose were P3.925 billion higher that the year-earlier total. “While collections for the month […]
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ASEAN oil reserve study due out by Nov.
THE Department of Trade and Industry (DTI) said a study for a proposed oil reserve among Association of Southeast Asian Nations (ASEAN) members will be released by November. “There are other countries that want to be on board, and the studies done by the ERIA (Economic Research Institute for ASEAN and East Asia) will be […]
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