Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
319 articles from BusinessWorld Economy
Toyota puts forward new Tamaraw for PUV modernization program
TOYOTA MOTOR Philippines Corp. (TMP) said it is expanding its Next Generation Tamaraw model, positioning it as an…
Read more →Cagayan Valley targeted for ube production expansion
THE Cagayan Valley has been selected to expand ube (purple yam) production, according to the Department of Agriculture…
Read more →PHL clean-energy expansion risks oversupply, ACEN says
THE PHILIPPINES plans to expand renewable energy by 20 gigawatts (GW) via the green energy auctions (GEA) could…
Read more →Provinces guided on achieving measurable development results
THE Department of Economy, Planning, and Development (DEPDev) said it launched the Provincial Development Planning (ProvDP) Framework to…
Read more →Visayas grid at risk of further alerts if power projects delayed
THE Visayas grid is at risk of further red and yellow alerts if power project timelines slip, with…
Read more →BIR hoping to launch VAT refund online application system in 2027
THE Bureau of Internal Revenue (BIR) said it will launch an online value-added tax (VAT) refund application system…
Read more →PHL offshore wind program to require major transmission, port infra investments — ESCAP
THE PHILIPPINES needs significant investments in power transmission and port infrastructure, as well as stronger financing mechanisms, to…
Read more →JICA invests in BlackRock regional infra fund
THE Japan International Cooperation Agency (JICA) said it committed up to $65 million to an infrastructure debt fund…
Read more →PHL pitching investors for $57M worth of agrifood projects at Rome FAO forum
THE PHILIPPINES is hoping to attract $57.4 million worth of agrifood investments at a United Nation-organized forum in…
Read more →Gap between pork farmgate, retail prices widening — Agri dep’t
THE Department of Agriculture (DA) said the gap between the farmgate and retail price of pork has increased by 38% since 2021, as it made the case for raising import tariffs to support hog raisers.
Read more →BRT systems for Iloilo, Bataan, Pangasinan being developed
THE Department of Transportation (DoTr) said it is developing bus rapid transit (BRT) systems for Iloilo, Bataan and…
Read more →Aerospace manufacturer to expand in Batangas
THE Philippine Economic Zone Authority (PEZA) said it signed a supplemental agreement with Global Aerospace Technology Philippines, Inc.…
Read more →Reclaiming excess creditable withholding taxes
In continuing to build a more structured and efficient tax administration system, the Bureau of Internal Revenue (BIR)…
Read more →PHL has access to $500-M ADB disaster facility for El Niño relief
THE Philippines can tap a $500-million Asian Development Bank (ADB) loan facility to mitigate the impact of El…
Read more →Tax refunds, power costs top Japanese firms’ PHL worries
DELAYS in securing tax refunds and the high cost of power have emerged as the major concerns of Japanese companies doing business in the Philippines, according to the Japanese Chamber of Commerce and Industry of the Philippines, Inc. (JCCIPI).
Read more →Infrastructure slowdown to result in 2.7% contraction in PHL fixed-capital investment this year — World Bank
PHILIPPINE GROSS fixed-capital investment is expected to contract 2.7% this year as infrastructure delays, higher energy prices and weak investor confidence weigh on capital spending, the World Bank said.
Read more →Agencies ordered to show how their budgets reflect regional dev’t priorities
NATIONAL GOVERNMENT (NG) agencies will be required to explain how they considered regional development priorities in their budget…
Read more →DoT counting on tourism pickup in Q4
THE DEPARTMENT of Tourism (DoT) is expecting steady growth in tourist arrivals this year, with visits expected to…
Read more →LRT-2, MRT-3 O&M contract bundling still under review
THE Department of Transportation (DoTr) said the possibility of bundling the operations and maintenance (O&M) contracts of Light…
Read more →PHL seeks to expand footprint in Japan ornamental horticulture
THE Department of Agriculture (DA) said the Philippines has the potential to boost its ornamental horticulture exports to…
Read more →Is the internal audit profession in tune with change?
Businesses are operating in an increasingly complex environment, where risks once considered unlikely, or even unimaginable, now demand immediate attention. The speed, complexity, and interconnectedness of change are challenging organizational leaders to anticipate emerging threats, make timely decisions, and remain resilient.
Read more →Merchandise exports could top $100B this year, exporters say
PHILIPPINE GOODS exports could exceed P100 billion this year, driven by demand for electronics and minerals, the Philippine Exporters Confederation, Inc. (Philexport) said.
Read more →PHL to buy up to 200,000 MT worth of US rice
THE PHILIPPINES is poised to buy up to 200,000 metric tons (MT) of rice from the US each…
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