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Philippines Business News

Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.

2468 articles across all sources

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Manila Times BusinessJun 22, 2026

Infrastructure spending yet to recover as of April

GOVERNMENT infrastructure disbursements have yet to recover this year as tighter review procedures implemented in the wake of last year’s corruption scandal continue to weigh on project execution and payment processing. Data released by the Department of Budget and Management (DBM) showed that overall disbursements rose by 11.1 percent to P505.4 billion in April from P454.8 billion a year earlier, buoyed by higher subsidies, transfers to local government units (LGUs), interest payments and

Manila Times BusinessJun 22, 2026

BSP seen pausing if inflation reverses

THE Bangko Sentral ng Pilipinas (BSP) could pause its tightening cycle if inflation slows faster than expected and lower global energy costs feed through more quickly into domestic prices. This contrasts with the prevailing expectation of continued but gradual tightening as inflation pressures remain elevated and second-round effects continue to shape policy decisions. Citi, which still expects the BSP to deliver two additional 25-basis point hikes this year, said a change in the inflation momen

Manila Times BusinessJun 22, 2026

DA launches Animal Vaccine Development Program to boost livestock industry

THE Department of Agriculture has launched the Animal Vaccine Development Program that will focus on developing vaccines against animal diseases to improve animal health and support the country’s livestock industry. The launch was formalized through the signing of a memorandum of agreement (MOA) with Central Luzon State University (CLSU). A marker at the Center for Transboundary Animal Diseases (CenTrAD) was also unveiled at the CLSU. Under the partnership, CLSU’s CenTrAD will lead r

Manila Times BusinessJun 22, 2026

DPWH completes Samar and Iloilo infrastructure projects ahead of sked

THE Department of Public Works and Highways (DPWH) has completed two critical infrastructure projects in Samar and Iloilo ahead of time, as the Marcos administration ramps up efforts to fast-track stalled public works and improve mobility across the country. Public Works Secretary Vince Dizon disclosed over the week that the rehabilitation of the first phase of the Calbiga Bridge in Samar has already been completed, and the reopening of the long-delayed East Timawa Road in Iloilo City after just

Manila Times BusinessJun 22, 2026

Global cues, policy signals to drive investor sentiment

THE stock market could take a breather this week as investors weigh developments in the Middle East against lingering inflation pressures and a still-restrictive monetary policy environment. The Philippine Stock Exchange index (PSEi) closed Friday at 6,135.35, up 3.81 percent week-on-week, holding above its established 5,800 to 6,150 consolidation range. Sentiment had improved as a US-Iran peace deal helped stabilize global oil prices and supported risk appetite, but this could change after Iran

Manila Times BusinessJun 22, 2026

Strait of Hormuz closed again as US, Iran talks begin

DUBAI — Iran's Fars news agency cited a military source as saying on Sunday that the Strait of Hormuz remains closed and the Revolutionary Guards Navy has not issued permission for any vessels to transit until further notice. The United States and Iran had agreed to a 60-day ceasefire for peace deal negotiations, but Tehran's Islamic Revolutionary Guard Corps on Saturday declared the Strait of Hormuz shut in response to Israeli strikes in Lebanon, though the US military said commercial ves

Manila Times BusinessJun 22, 2026

Tight security as India holds exam retest after leak scandal

NEW DELHI — India’s 2.2 million aspiring medical students sit a re-examination under tight security on Sunday, after the last test was scrapped following a paper leak that triggered widespread outrage. The failure of the hugely competitive exam, along with a separate marking fiasco in high school tests, sparked an outcry and fueled youth protests demanding the education minister’s resignation. The authorities say they have deployed more than 200,000 officials, including police,

PhilStar BusinessJun 22, 2026

Balance of payments back to surplus in May

The balance of payments position returned to a surplus in May, snapping six straight months of deficits, as oil price rollbacks and steady dollar inflows eased pressure on the country’s external accounts.

PhilStar BusinessJun 22, 2026

Cash in or withdraw? Avoiding a clash with GCash’s mega-IPO

Experts say timing is critical to a successful initial public offering.

PhilStar BusinessJun 22, 2026

FAST Logistics to return under full Chiongbian ownership

The Chiongbian family is set to restore full ownership of FAST Logistics Group by buying back the 40 percent stake held by private equity firm CVC Capital Partners.

PhilStar BusinessJun 22, 2026

Getting old before getting rich

Our country has just recorded a sharp drop in our fertility rate from seven children per woman in the 1960s to 1.7 today, below the replacement rate of 2.1.

PhilStar BusinessJun 22, 2026

Government seeks private help in P18 billion offshore wind push

It will require up to P18 billion to construct the country’s first three offshore wind terminals, so the government is turning to the private sector for help in building the projects.

PhilStar BusinessJun 22, 2026

Infrastructure expenses decline anew in April

Government infrastructure spending plunged again in April, falling 51.7 percent year-on-year, as the Department of Public Works and Highways continues to face delayed budget execution, unfinished projects and stringent payment validations.

PhilStar BusinessJun 22, 2026

LTFRB fuel subsidy payouts now coursed via Maya

The Land Transportation Franchising and Regulatory Board has started using Maya to distribute fuel subsidies to transport workers, marking another step in the government’s shift away from manual aid payouts.

PhilStar BusinessJun 22, 2026

Megaworld keeps guarded optimism for 2026

Property giant Megaworld Corp. is staying optimistic this year even as the company has recalibrated its capital expenditures and residential project launch plans.

PhilStar BusinessJun 22, 2026

Mica Tan stays on case settlement path

Despite being issued an International Criminal Police Organization red notice, MFT Group of Companies chief executive officer Maria Francesca Tan, whose current whereabouts remain unknown, is staying firm on her resolve to settle its case with the Securities and Exchange Commission and address obligations with creditors.

PhilStar BusinessJun 22, 2026

Remolona seeks reappointment of Wassmer, Querubin to Monetary Board

Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. has asked for the reappointment of Monetary Board members Walter Wassmer and Jose Querubin, whose terms are set to end on July 2.

PhilStar BusinessJun 22, 2026

Rizal communities gain broadband services boost

One of the country’s major telcos continues to strengthen its commitment to accessible and convenient connectivity services with the opening of a new Onsite Distribution Operations (OSDO) hub in Barangay Mahabang Parang, Angono, Rizal.

PhilStar BusinessJun 22, 2026

Share prices to take cue from US-Iran peace deal

The local stock market is expected to take cues this week from the situation in the Middle East, particularly on developments on the peace deal between the US and Iran.

PhilStar BusinessJun 22, 2026

SMPH’s future growth driver

Honestly, if there is one stock pick I would bet my future on, it would be SM Prime Holdings.

PhilStar BusinessJun 22, 2026

‘Solar reserve’ pitched as additional shield vs oil crisis

Beyond the proposed strategic petroleum reserve, the government should also fund rooftop solar rollout to strengthen energy security and buffer the Philippines from global oil shocks, an industry group said.

PhilStar BusinessJun 22, 2026

This time, it’s for real?

After so many pronouncements, threats, deadlines and reversals from President Trump, the US and Iran finally signed a memorandum of understanding aimed at paving the way for a permanent peace deal. This time, there is a signed agreement, a reopening of the Strait of Hormuz and immediate relief in oil markets.

PhilStar BusinessJun 22, 2026

UNDP seeks deeper Philippines tieups on energy, digital skills

The United Nations Development Program is looking to strengthen cooperation with the Philippines in accelerating energy security, developing digital skills and mitigating climate risks to boost the country’s long-term resilience.

Manila Times BusinessJun 21, 2026

Marc Marquez wins Czech MotoGP to close gap on banned Bezzecchi

PRAGUE, Czech Republic — Seven-time MotoGP world champion Marc Marquez won the Czech Grand Prix in Brno on Sunday, scoring a second straight win after dominating in Hungary two weeks ago. Pole sitter Ai Ogura of Japan finished second ahead of Marquez's factory Ducati teammate Francesco Bagnaia. Championship leader Marco Bezzecchi sat out the race as a penalty for slapping a track steward in the face following a crash in Saturday's sprint. But the Italian on a factory Aprilia still leads th

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