Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
10063 articles across all sources
Shares extend losses as geopolitical risks weigh
PHILIPPINE SHARES continued to decline on Tuesday as investors grew more cautious amid heightened geopolitical tensions, with higher…
Read more →SRA downgrades projection for sugar output to 1.662 million MT
THE Sugar Regulatory Administration (SRA) lowered its sugar production projection for this crop year to 1.662 million metric…
Read more →Oil firms ordered to file cost reports every month after excise tax freeze
THE GOVERNMENT will require oil companies to submit monthly cost data on certain petroleum products after suspending the…
Read more →DENR’s Cuna makes pitch to UN panel for expanded loss and damage finance
DEPARTMENT of Environment and Natural Resources (DENR) Secretary Juan Miguel T. Cuna called for a substantial increase in…
Read more →Wholesale price growth accelerates further in Aug.
PRICE GROWTH of wholesale goods accelerated to 3.5% in August, driven by increased energy costs and the follow-on…
Read more →Philippines, Canada exploring big-ticket infra collaboration
THE Department of Transportation (DoTr) said it is in talks with the Canadian government for possible collaboration in…
Read more →DTI, foodpanda sign MSME upskilling partnership
THE Department of Trade and Industry (DTI) said it signed a partnership with foodpanda Philippines involving capacity-building for…
Read more →Mindanao flagged as key tobacco smuggling hub
KUALA LUMPUR — Mindanao has been identified as a key entry point for illicit tobacco from Malaysia and…
Read more →Japan researchers expect deep planting methods to help sugarcane farms withstand El Niño
THE Japan International Research Center for Agricultural Sciences (JIRCAS) is promoting deep planting technology to help sugarcane farmers…
Read more →PHL hoping India trade deal increases market access for farm goods, auto parts
THE PHILIPPINES wants greater market access for its exports of agricultural and automotive parts when it embarks on…
Read more →Pangilinan-led Meralco opens bidding for 15-year, 900 MW power supply deal
Meralco is looking for suppliers to help power the next decade, seeking 900 MW of long-term baseload capacity as electricity demand continues to grow.
Read more →Don’t just import: SM Investments wants businesses to tap RCEP to sell more Pinoy goods abroad
We see Korean, Japanese and Thai products everywhere. So where are the Pinoy goods abroad? SM economist Robert Dan Roces says RCEP should help Filipino businesses turn regional access into actual shelf space across Asia.
Read more →Why everyone wants a piece of the Lopez group’s Energy Development Corp.
The Lopez group, through First Gen, bought Energy Development Corp. from the government in 2007 and has spent the 19 years since learning how deep the asset actually goes
Read more →Globe’s AI bet delivers P1.2B payoff, 2.8x return
Globe put AI to work and it’s paying off. The Ayala-led telco says its AI initiatives have generated P1.2 billion in measurable financial benefits, delivering a 2.8x return on invested capital.
Read more →No more VAT on system loss in electricity bills starting October
While the VAT removal is still welcome relief, expect savings to be modest as the much larger underlying system loss charge is unlikely to disappear from electricity bills anytime soon
Read more →Fed’s Goolsbee says prolonged inflation above target is "playing with fire"
Read more →New electric bill format to reflect VAT-exempt system loss charges
In the new bill format, the allowable system loss charges are separately identified and excluded from gross sales for VAT computation.
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