Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
10060 articles across all sources
Budget release rate hits 90.5% in August
The Department of Budget and Management (DBM) said it released 90.5% of the original budget for 2026 as of the end of August. According to the DBM Status of Allotment Release report, the releases amounted to P6.149 trillion out of the originally budgeted P6.793 trillion, leaving P644.507 billion undistributed. The release rate at the end […]
Read more →US ethanol exports to PHL hit record in 2025 — USDA
THE US Department of Agriculture (USDA) said US fuel ethanol exports to the Philippines hit a record 382 million liters in 2025, making the country the sixth-largest market for US ethanol. In a report, the USDA’s Foreign Agricultural Service said exports rose due to greater fuel consumption and limited domestic production in the Philippines. The […]
Read more →System-loss VAT relief seen limited; deeper reforms urged
By Justine Irish D. Tabile, Senior Reporter The removal of value-added tax (VAT) on allowable system loss charges will provide modest relief to electricity consumers, but broader power sector reforms are still needed to meaningfully bring down electricity costs, economists said. Former Finance Secretary Margarito B. Teves said the measure can be considered a “small […]
Read more →Bonded storage system set up for jet fuel used internationally
The Bureau of Customs (BoC) has established a bonded storage facility for aviation fuel, allowing international airlines to avoid paying taxes upfront and seek refunds later with the government seeking to reduce their operating costs. Customs Assistant Commissioner Vincent Philip C. Maronilla said the new system is intended to ease the cost burden on airlines […]
Read more →Palay, corn production estimated to have fallen in third quarter
Palay (unmilled rice) and corn production in the third quarter were estimated to have decreased 15% and 14.4% year on year respectively, according to a survey of standing crops before the period ended, the Philippine Statistics Authority (PSA) reported. As of Aug. 1, the PSA estimated palay output for the third quarter of 3.19 million […]
Read more →Prada Joins Vitkac as Luxury Retailer Expands Its Global Designer Portfolio
Prada At Vitkac.com Luxury Online Store Vitkac continues to broaden its global luxury offering with the arrival of Prada, the iconic Italian fashion house, to its distinguished roster of international designers. WARSAW, Poland, Sept. 16, 2026 (GLOBE NEWSWIRE) -- Vitkac is expanding its presence in global luxury fashion with the addition of Prada, bringing one of Italy's most influential fashion houses to the European retailer's growing portfolio of internationally recognized designers. The new p
Read more →Compagnie de l'Odet : earnings for the first half of 2026
Earnings for the first half of 2026September 16, 2026 Revenue: 1,644 million euros, +8% at constant scope and exchange rates. Net income, Group share: 54 million euros. compared with 163 million euros in the first half of 2025. Exceptional interim dividend of 380 euros per share. First-half 2026 results Compagnie de l’Odet’s Board of Directors met on September 16, 2026 to approve the financial statements for the first half of 2026. Revenue amounted to 1,644 million euros, an increase of 8% at co
Read more →74Software to execute an internal legal reorganization to better support its portfolio company strategy
Press Release 74Software to execute an internal legal reorganization to better support its portfolio company strategy Paris, September 16, 2026 - 74Software (Euronext Paris: 74SW) announces an internal legal reorganization aimed at better aligning the Group’s corporate structure with its portfolio company strategy. This internal reorganization follows the acquisition of Sopra Banking Software, now SBS, in September 2024 and the subsequent renaming of Axway Software as 74Software in December 2024
Read more →VINCI Energies wins a new multi-year contract to maintain an electricity distribution network in Sweden
Nanterre, 16 September 2026 VINCI Energies wins a new multi-year contract to maintain an electricity distribution network in Sweden Covering maintenance and technical services Worth €30 million a year For an initial four-year term VINCI Energies has won the contract to carry out maintenance, repair, connection and alteration work on the electricity distribution network in southern Stockholm for Swedish operator Vattenfall. The four-year contract - which may be extended for an additional four yea
Read more →Touax: 2026 HALF-YEAR RESULTS A temporary slowdown but several strategic milestones
PRESS RELEASE Paris, 16 September 2026 - 5:45pm YOUR OPERATIONAL LEASING SOLUTION FOR SUSTAINABLE TRANSPORTATION 2026 HALF-YEAR RESULTS A temporary slowdown but several strategic milestones Turnover1 of €72.9m, down -13%Operating EBITDA2: €20.1mGroup share of net profit: -€4.2m, vs. €2.5m in June 2025Increase in shareholder’s equity with a strategic expansion in India for the Freight Railcars activityStrengthening of the financial structure with new long-term financings "The first half of 2026 w
Read more →JCDecaux renews its advertising contract with Düsseldorf
JCDecaux renews its advertising contract with Düsseldorf Paris, 16 September 2026 - JCDecaux SE (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces that Wall GmbH, a subsidiary of JCDecaux, has been awarded the exclusive advertising contract for the 2m² format in Düsseldorf, the state capital of Germany's largest federal state, North Rhine-Westphalia, following a competitive tender process. The contract covers the advertising rights on public space as well as a
Read more →Bolloré : First-half 2026 results
First-half 2026 results September 16, 2026 Revenue: 1,644 million euros, +8% at constant scope and exchange rates. Adjusted operating income (EBITA (1) (2)): 104 million euros, compared with 123 million euros in the first half of 2025. Net income: 133 million euros, compared with 242 million euros in the first half of 2025. Net income, Group share: 132 million euros. Value of the portfolio of listed securities as at June 30, 2026: 9,232 million euros. As at September 14, 2026, the value stood at
Read more →Two-wheeled EVs proposed for inclusion in gov’t incentive plan
THE Electric Vehicle Association of the Philippines (EVAP) asked the government to consider including two- and three-wheeled vehicles in its Electric Vehicle Incentives Strategy (EVIS), noting that their adoption is crucial to meeting gov-ernment clean-mobility targets. “We totally support the local production of [EVs,],” EVAP President Willy G. Tee Ten told reporters on the sidelines […]
Read more →Medicare open enrollment 2027: Higher drug costs and plan changes make shopping around important
medicareresources.org outlines 5 things beneficiaries should watch as they prepare to choose 2027 coverage Medicare 2027: 5 changes to watch medicareresources.org highlights key changes beneficiaries should review before Medicare’s annual open enrollment period, Oct. 15-Dec. 7. Minneapolis, MN, Sept. 16, 2026 (GLOBE NEWSWIRE) -- Medicare beneficiaries preparing for the annual enrollment period this fall should be ready for higher prescription drug costs, potential premium increases and changes t
Read more →Treasure Global’s Subsidiary Tadaa Technology Secures US$52 Million Partnership to Deploy AI-Powered Agricultural Supply Chain Platform for Malaysian Government
EzyTrace Integrates Fertilizer Stock Tracking, Logistics Visibility and Modern Farming Intelligence KUALA LUMPUR, Malaysia, Sept. 16, 2026 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) ("Treasure Global” or the "Company”), a Southeast Asia-anchored technology company focused on AI-powered enterprise solutions and digital transformation, today announced that its subsidiary, Tadaa Technology Sdn Bhd ("Tadaa”), has secured a US$52million strategic partnership agreement with E Agro Digital
Read more →Ground broken on subway station at NAIA Terminal 3
The Department of Transportation (DoTr) said ground has been broken on the airport station of the Metro Manila Subway Project (MMSP). “This NAIA (Ninoy Aquino International Airport) station will have mass public transport… a big help to commuters,” Acting Transportation Secretary Giovanni Z. Lopez said on Wednesday. The DoTr said the NAIA Terminal 3 station […]
Read more →Bybit Recognized by Korean National Police Agency for Contribution to Cybercrime Response and Security Cooperation
Recognition at ISCR 2026 highlights Bybit's ongoing collaboration with law enforcement and regulators to trace illicit funds, share intelligence and strengthen the global response to crypto-related cybercrime DUBAI, UAE, Sept. 16, 2026 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has been recognized by the Korean National Police Agency (KNPA) for its contribution to cybercrime investigations and international cooperation. At the 27th International
Read more →Piramal Pharma Solutions Advances Sustainability Efforts with Solar Power Plant Addition at Morpeth, UK Site
Piramal Pharma Solutions is installing a ground-mounted solar power plant (4.3 MWp) at its integrated drug substance and drug product site in Morpeth, UK. The new plant will provide renewable energy directly to the site through a behind-the-meter setup, supporting Piramal's commitment to reduce Scope 1 and Scope 2 greenhouse gas emissions by 42% by FY2030.MUMBAI, India, Sept. 16, 2026 /PRNewswire/ -- Piramal Pharma Solutions ("PPS"), a leading global Contract Development and Manufacturing Organi
Read more →Bybit Derivatives Volume Climbed to $321B in August as Market Share Expands in Crypto Summer
DUBAI, UAE, Sept. 16, 2026 /PRNewswire/ -- Bybit saw its derivatives trading volume rise 14.9% to $321 billion in August, according to data cited in the latest CoinDesk Research report on centralized exchange (CEX) activity, as the exchange retained its position among the top three crypto trading venues industry-wide. In spot trading, Bybit held a 5.26% market share for August, second among major exchanges by trading volume. The growth came amid a period of broader recovery across CEXs in August
Read more →The CIC Supports HK's First Five-Year Plan and 2026 Policy Address
Extending the Training Subsidy Scheme and Accelerating Northern Metropolis Development Through Technology and Upskilling HONG KONG, Sept. 16, 2026 /PRNewswire/ -- The Construction Industry Council (CIC) supports the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030) (Hong Kong's Five-Year Plan) and the 2026 Policy Address, including initiatives to accelerate the development of the Northern Metropolis, advance industrialisation and
Read more →FP Markets wins three awards at the Global Forex Awards 2026
LIMASSOL, Cyprus, Sept. 16, 2026 /PRNewswire/ -- Global Forex and CFD broker FP Markets has been recognised with three prestigious distinctions at the Global Forex Awards 2026, earning: 'Best Value Broker - Global', 'Most Transparent Broker - Asia', and 'Most Transparent Broker - Latam'. FP Markets Global Forex Awards The awards ceremony took place on 15 September 2026 at the Amara Hotel in Limassol, Cyprus, bringing together leading companies and industry professionals from across the global tr
Read more →Hangzhou Zhilianhui Electronic Technology Co., Ltd. Launches Official AccuMEMS DTC Website
LOS ANGELES, HOUSTON and MIAMI, Sept. 16, 2026 /PRNewswire/ -- Hangzhou Zhilianhui Electronic Technology Co., Ltd. officially launched the DTC (direct-to-consumer) website for its thermal imaging brand, AccuMEMS. The new website gives customers direct access to the brand's thermal imaging products and information as AccuMEMS seeks to make accurate thermal measurement more accessible to professionals, technicians, and other users through a combination of practical performance, portability, and af
Read more →Treasury Bond Auction Announcement - RIKB 38 0215 - RIKS 50 0915
SeriesRIKB 38 0215RIKS 50 0915ISINIS0000037265IS0000037794Maturity Date02/15/203809/15/2050Auction Date09/18/202609/18/2026Settlement Date09/23/202609/23/202610% addition09/22/202609/22/2026 On the Auction Date, between 10:30 am and 11:00 am, the Government Debt Management will auction Treasury bonds in the Series, with the ISIN numbers and with the Maturity Dates according to the table above. Payments for the Treasury bonds must be received by the Central Bank before 14:00 on the Settlement Dat
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