Philippines Business News

Indian firms weighing P4B in PHL expansions

THE Department of Trade and Industry (DTI) said Indian companies currently active in the Philippines are considering investing a combined P4.2 billion to expand their information technology-business process management and electronics manufacturing operations. In a statement on Tuesday, it said the planned investments are expected to generate about 7,500 jobs in the Philippines. It said […]

BoC still upbeat on revenue target despite freeze on LPG excise tax

THE Bureau of Customs (BoC) said it remains confident it will surpass its P1.011-trillion revenue target this year even with a looming suspension of excise taxes on kerosene and liquefied petroleum gas (LPG). “We are looking at the possibility of hitting the target, and on top of that we will exceed it by P10 billion,” […]

Gas auction to offer resources equivalent to 3,800 MW in capacity

THE Department of Energy (DoE) said it will offer gas resources with the potential to generate more than 3,800 megawatts (MW) of capacity for the upcoming mid-merit natural gas auction. “The gas will serve a specific purpose, which is to support (the transition to) renewable energy generation. Every time that there is a decline in […]

Ube export freeze firm evidence of global demand strength — BMI

THE Department of Agriculture’s (DA) decision to suspend exports of fresh purple yam (ube) reflects the strength of global demand for the crop and the Philippine desire to safeguard its unique varieties, Fitch Solutions unit BMI said. In a report issued Sept. 14, BMI said demand for ube has become strong enough to create supply-side constraints because […]

Pag-IBIG loan growth seen at risk as shelter agencies face budget cuts

LOAN GROWTH at the Home Development Mutual Fund (Pag-IBIG Fund) faces a slowdown as government agencies responsible for providing housing were allocated much less funding than they requested, analysts said.

Space agency enlisted in food-security efforts

THE Department of Agriculture (DA) said it signed a five-year collaboration agreement with the Philippine Space Agency (PhilSA) to use Earth observation, geospatial information, and space-based technology to improve agricultural and fisheries production, disaster response, and climate-resilient planning. The DA and PhilSA agreed to explore the use of satellite-based tools to monitor crop conditions, map […]

WTO members urged to uphold rules-based trading system amid rising protectionism

MEMBERS of the World Trade Organization (WTO) need to uphold the rules-based trading system even in the face of rising protectionism as markets weigh their national interests at a time of geopolitical disruption, the WTO said. “The multilateral trading system was built on the recognition that stable and mutually beneficial economic relations require institutions, rules […]

Zero-system loss target to be phased in gradually to avoid stress on power co-ops

THE Department of Energy (DoE) said it hopes to bring system losses to zero eventually, with the pace calibrated to avoid undue stress on power cooperatives. “The removal of the (value-added tax on system losses) was done already by BIR, and now we’re working on the gradual reduction up to zero of system losses. This […]

U.S. war with Iran has cost $38B and is running at $3B per month, CBO says

OpenAI explores Canada investment opportunities under Carney

Bessent calls US yen intervention "nominal," defends trade

ABS-CBN cuts 200 jobs as recovery remains elusive

The retrenchments will affect roughly 7% of the company's workforce.

NICA chief challenges Napolcom at 60: Sustain zero backlog, keep public trust

NATIONAL Intelligence Coordinating Agency (NICA) Director General Ricardo De Leon challenged the National Police Commission (Napolcom) to sustain its zero-case backlog and make it a permanent standard as the commission marked its 60th anniversary on Sept. 8, 2026. “The challenge now is not simply to achieve zero backlog. Sustain it,” Director General De Leon said, stressing that zero backlog should become a standard that “can no longer be lowered.” In accepting the challe

Momax Wins 2026 IFA Innovation Award in Berlin

1-Power S.Pass² Air Sets a New Benchmark for Semi-Solid-State Battery Portable Power and Premium Craftsmanship HONG KONG, Sept. 15, 2026 /PRNewswire/ -- Momax, the global leader in cutting-edge Semi-Solid-State Battery (SSB) technology for mobile power banks and a design-led pioneer in smart charging solutions, has been awarded the prestigious 2026 IFA Innovation Award (Best in Mobility) for its breakthrough 1-Power S.Pass² Air Magnetic Wireless Power Bank. The win highlights Momax's engineering

Tech in Asia Conference returns to Singapore for 15th edition as enterprise AI takes centre stage

Over 2,000 attendees from Singapore and across Southeast Asia gather for the 15th edition of Tech in Asia Conference 202615 companies showcase emerging AI technologies and solutions at the two-day conferenceSINGAPORE, Sept. 15, 2026 /PRNewswire/ -- Tech in Asia Conference 2026 today marked its 15th edition in Singapore, bringing together more than 2,000 attendees from across Southeast Asia to explore how businesses can move beyond experimentation and turn AI adoption into meaningful business imp

Tencent Cloud and U Mobile Partner to Advance Enterprise 5G and AI Solutions in Malaysia

KUALA LUMPUR, Malaysia, Sept. 15, 2026 /PRNewswire/ -- Tencent Cloud, the cloud business of global technology company Tencent, today announced the signing of a strategic Memorandum of Understanding (MOU) with U Mobile, Malaysia's newest 5G network provider, to explore the development of practical 5G and AI solutions for enterprises and SMEs. Combining Tencent Cloud's AI and cloud capabilities with ULTRA5G, U Mobile's next-gen 5G network, enterprise reach and Enterprise Innovation Platform (EIP),

Palace defends BIR’s suspension of VAT on system loss charges

MANILA, Philippines — Malacañang maintained that the suspension of the Value Added Taxes (VAT) on system loss charges is to reduce the cost of Filipino households, dismissing concerns about the estimated P10 billion annual revenue loss from the removal of the said tax. In a press briefing on Tuesday, Palace Press Officer Claire Castro recognized that while the annual revenue loss is possible, the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) have alternative m

Eala to Yu Zidi: Six emerging stars set to light up Asian Games

NAGOYA — Some of the brightest talents in sport will be going for gold when the Asian Games open in Nagoya-Aichi on Saturday. Agence France-Presse picks six world-class young stars who are primed to make a big impact in Japan: Yu Zidi (Swimming, CHN) Yu, then aged 12, became the youngest swimming world championships medallist in history in 2025 when winning bronze as part of China's 4x200m freestyle relay team. She also finished a whisker outside the medals in fourth in three world individ

UK observes BARMM parliamentary elections, investors remain optimistic

The first parliamentary elections in the Bangsamoro Autonomous Region in Muslim Mindanao on Sept. 14, 2026 officially marked the political transition of the region following the peace accord signed on March 27, 2014 between the Philippine government and the Moro Islamic Liberation Front.

ABS-CBN to retrench 200 employees

MANILA, Philippines — ABS-CBN Corp. is set to retrench about 200 employees, or 7 percent of its workforce, as the media and entertainment company faces weaker advertising and consumer spending amid a difficult year for the content industry. In an official statement on Tuesday, ABS-CBN said it made the decision after a review of its operations as it sought to maintain its financial position while rebuilding the company as a global storytelling business. “After careful review, we have

NewHydrogen Announces Strategic Collaboration with Utah San Rafael Energy Lab

The initial site assessment will evaluate USREL's Orangeville, Utah facility as a potential host for future ThermoLoop® deployment SANTA CLARITA, Calif. & ORANGEVILLE, Utah, Sept. 15, 2026 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTCQB: NEWH), the developer of ThermoLoop® - a breakthrough thermochemical technology that uses heat to split water to produce massive amounts of the world's cheapest clean hydrogen, and the Utah San Rafael Energy Lab ("USREL”), a unit within the Utah Office of Energy Dev

Fluke Expands iSee Mobile Series with New TC03A Thermal Camera and ii01 Acoustic Camera

New compact, plug in solutions show heat or sound via a mobile device, delivering sharper images, faster diagnostics, and smarter workflows for industrial professionals Fluke Expands iSee Mobile Series with New TC03A Thermal Camera and ii01 Acoustic Camera The Fluke ii01 acoustic camera uses SoundMap™ technology to help technicians locate compressed-air and gas leaks Fluke Expands iSee Mobile Series with New TC03A Thermal Camera and ii01 Acoustic Camera The Fluke TC03A mobile thermal camera comb

Increase of share capital in connection with the share option programme and subscription results

The Supervisory Board of AS Tallink Grupp (hereinafter the Group) resolved to increase the Group’s share capital by EUR 2,451,661 through the issuance of new ordinary shares. The resolution to increase the share capital was adopted in connection with the exercise of options issued under the share option programme approved by the Group’s General Meeting of Shareholders on 13 June 2023, in accordance with the terms and conditions of the share option programme. A total of 70 option holders exercise

Philips OneBlade and Red Bull take self-expression to new heights in Cappadocia, Turkey

In a breathtaking display, Red Bull athlete Marco Waltenspiel and his distinctive moustache achieved a world's first in wingsuit hot-air balloon slalom, soaring between seven hot-air balloons at 200 km/h, to celebrate the freedom to be yourself and follow your passions. AMSTERDAM, Sept. 15, 2026 /PRNewswire/ -- Royal Philips (NYSE: PHG) (AEX: PHIA), a global leader in health technology, has teamed up with Red Bull and athlete Marco Waltenspiel to complete an extraordinary wingsuit slalom against