Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1853 articles from BusinessWorld
Benguet placed under state of calamity over P1.07-billion damage
LA TRINIDAD, Benguet — The provincial government of Benguet has declared the province under a state of calamity, following disasters that have affected more than 15% of its population and disrupted over 30% of local livelihoods. The Sangguniang Panlalawigan approved the declaration during its 52nd regular session in Basil, Tublay on Monday, based on the […]
Read more →P25-M skyport to boost Nueva Vizcaya adventure tourism
BAYOMBONG, Nueva Vizcaya — A P25-million skyport in highland Ambaguio town in Nueva Vizcaya is set to break ground in the coming days, anchoring Nueva Vizcaya’s tact to make paragliding and other adventure sports major tourism attractions in the province. Ambaguio town received P20 million after winning the Tourism department’s Tourism Champions Challenge in 2024, […]
Read more →PHL stocks slide as Middle East conflict continues
PHILIPPINE SHARES closed lower on Tuesday as the lack of a resolution to the Middle East conflict and a weak peso continued to drag sentiment. The Philippine Stock Exchange index (PSEi) dropped by 0.98% or 61.15 points to close at 6,190.23, while the broader all shares index fell by 0.65% or 22.45 points to end […]
Read more →3.7-M housing backlog not expected to clear by 2028
THE GOVERNMENT’s housing targets are insufficient to clear the estimated 3.7-million housing backlog by 2028, and will require robust private-sector production, according to the Department of Human Settlements and Urban Development (DHSUD).
Read more →Saudel exits PAR but still enhances southwest monsoon, says PAGASA
Typhoon Saudel, formerly locally known as Obet, has exited the Philippine Area of Responsibility (PAR), but it is still expected to enhance the southwest monsoon, bringing thunderstorms over Luzon, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Tuesday. Saudel exited PAR at around 9:30 p.m. Monday and was located 1,180 kilometers […]
Read more →Moody’s affirms Philippines’ investment grade credit rating
MOODY’S RATINGS on Monday affirmed the Philippines’ investment grade credit rating with a “stable” outlook on expectations that the country’s fiscal position will stabilize as the economy gradually recovers and the government continues its fiscal consolidation efforts.
Read more →Early action may curb El Niño inflation
EARLY MEASURES to protect agricultural production from what could be the worst El Niño on record could help prevent supply disruptions from fueling inflation, a Bangko Sentral ng Pilipinas (BSP) official said on Monday.
Read more →Delayed allotments slow infrastructure rollout
THE DEPARTMENT of Budget and Management (DBM) said delayed allotment releases slowed the implementation of infrastructure projects, with their obligation rate reaching only 20% to 30% in the first half, well below the expected 50%. Acting Budget Secretary Kim Robert C. De Leon said most government agencies were on track in implementing their projects, but […]
Read more →Philippines allocates P7.5 billion to eliminate nontechnical system losses
THE PHILIPPINE government is stepping up efforts to reduce electricity losses, allocating about P7.5 billion to curb nontechnical losses while developing a plan to address technical losses.
Read more →Filipinos just above poverty line remain vulnerable
MANY FILIPINO HOUSEHOLDS that recently escaped poverty remain at risk of falling back below the poverty line as elevated food and energy prices continue to erode their purchasing power, analysts said.
Read more →SEC eyes raising stockbrokers’ P100-million capital requirement
THE Securities and Exchange Commission (SEC) is considering raising the P100-million minimum capital requirement for stockbrokers as it reviews whether the decades-old threshold remains adequate, its chairman said. “We may be thinking of increasing even the P100 million because the P100 million was a 2001 figure,” SEC Chairperson Francisco Ed. Lim told reporters on Monday. […]
Read more →Emperador re-enters FTSE index, settles ELS shares for P1.4 billion
LISTED liquor producer Emperador, Inc. has re-entered the FTSE Global Equity Index Series (GEIS) as a Small Cap constituent, as the company separately agreed to settle part of its equity-linked securities (ELS) through a P1.4-billion cash payment instead of issuing common shares. “EMI is the only Philippine company newly added to the FTSE Small Cap […]
Read more →PREIT sees revenue staying at 51% of year-ago level as SIPCOR seeks CA relief
VILLAR-LED Premiere Island Power REIT Corp. (PREIT) expects revenues to fall by 49% from last year as lease agreements with S.I. Power Corp. (SIPCOR) remain suspended amid an ongoing dispute over the power producer’s operating permits. “While the suspension remains in effect, the Corporation’s revenue is expected to remain reduced at approximately 51% of the […]
Read more →Aliens at 40: From wearable cameras to exoskeletons, here are the technologies the film predicted
DIRECTOR James Cameron’s acclaimed sci-fi movie Aliens turns 40 in August. It’s a sequel to Ridley Scott’s claustrophobic breakout hit Alien, made in 1979. Where the original featured one terrifying creature, Cameron’s movie features hundreds — and pits them against a squad of space marines.
Read more →Building national resilience is everybody’s business
For decades, the country’s approach to crisis management has followed a familiar, predictable rhythm. A super typhoon strikes, a geopolitical flashpoint flares up, or a global health disruption halts supply chains. In response, emergency aid pours in, charitable corporate donations fill newsfeeds, and emergency personnel deploy. Then, the waters recede, the immediate threat passes, and […]
Read more →Roxas and Company secures P1.93-B Chinabank loan for refinancing
ROXAS AND COMPANY, Inc. (RCI) has entered into a P1.93-billion term loan agreement with China Banking Corp. (Chinabank) to refinance existing obligations and fund general corporate purposes. In a disclosure on Monday, RCI said it entered into an Omnibus Loan and Security Agreement with Chinabank on Aug. 20. Under the agreement, Chinabank agreed to extend […]
Read more →An assured artistic follow through
IN FILIPIÑANA, which had its world premiere in the World Cinema Dramatic Competition at the 2026 Sundance Film Festival back in January, each frame displays stunning, beautiful composition.
Read more →First parliamentary polls will test BARMM’s ayuda economy
IN LESS THAN a month’s time, voters will cast their ballots in the first parliamentary election for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). There are 13 political parties competing for 80 seats, and they will need to offer a credible blueprint for good governance in a geographically dispersed area confronted by severe economic constraints.
Read more →Slower Q2, but office market stays resilient — Colliers
THE Philippine office market’s momentum stalled in the second quarter (Q2) of 2026 as geopolitical uncertainty from the Middle East crisis prompted occupiers to reassess timing, costs, and space commitments. Leasing decisions were pushed to the latter part of the year, with occupiers prioritizing renewals over relocations or expansions amid higher capital expenditure assumptions. Still, […]
Read more →SC upholds P39.37-million customs, VAT liability against Colgate-Palmolive Philippines
THE SUPREME COURT (SC) has upheld a P39.37-million assessment in deficiency customs duties, value-added tax (VAT), and surcharge against Colgate-Palmolive Philippines, Inc. (CPPI) over royalty payments and charges related to its importations. In a decision promulgated on April 30, 2026, and made public on Monday, the SC’s Third Division denied CPPI’s petition challenging a Court […]
Read more →Optimism ‘essential’ in The Dog Stars
LONDON — Ridley Scott returns to science fiction films after nearly a decade with a dystopian thriller the prolific director-producer and his starry cast say carries a message of hope. The Alien, Gladiator, and The Martian filmmaker’s latest movie The Dog Stars is based on Peter Heller’s 2012 book of the same name and set […]
Read more →Saudel enters Philippines as 102 areas remain under state of calamity
TYPHOON SAUDEL entered the Philippine area of responsibility (PAR) on Monday but was expected to stay far from the country and leave within 12 hours, as flooding from earlier storms and the southwest monsoon pushed 102 areas to declare a state of calamity. Saudel, which was given the local name Obet after entering PAR, might […]
Read more →OVP witness admits P500M released to unbonded officer
A FORMER Office of the Vice-President (OVP) special disbursing officer admitted releasing P500 million in confidential funds to an unbonded security officer, raising questions in Vice-President Sara Duterte-Carpio’s impeachment trial over compliance with government disbursement rules. Gina F. Acosta, the OVP’s former special disbursing officer, said she released the funds to Colonel Raymund Dante Lachica […]
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