Philippines Business News

Remolona gets ‘A-’ grade in global central bankers’ report card for third straight year

BANGKO SENTRAL ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. has been named one of the world’s top central bank chiefs for a third straight year in the New York-based magazine Global Finance’s scorecard. Mr. Remolona earned an “A-” grade in Global Finance’s Central Banker Report Cards for the third year in a row, based […]

Banks’ bad loan ratio rises to 3.35% in July

The share of bad loans held by Philippine banks edged higher in July as some households and businesses continue to feel the strain of high borrowing costs and elevated inflation.

BIR allows VAT refunds for exporters

Qualified export-oriented enterprises may claim refunds for value-added tax paid on eligible local purchases and imports while waiting for their zero-rating certification from the Department of Trade and Industry, the Bureau of Internal Revenue said.

BYD overtakes entire 2025 sales in 8 months

Sales of BYD Cars Philippines surged by 99 percent from January to August, surpassing its full-year sales last year, amid sustained demand for new energy vehicles.

NAIA landing new direct flights to China, Israel

A wider international coverage is coming into the country’s main gateway through early-2027, as Chinese and Israeli carriers are arriving to mount direct flights to unserved markets.

Over 100K unenergized homes targeted in microgrid auction

Some 101,468 households in far-flung areas could finally gain access to reliable electricity through the Department of Energy (DOE)’s upcoming microgrid auction.

Pag-IBIG, SMDC team up for home financing program

Pag-IBIG Fund has partnered with property developer SM Development Corp. (SMDC) to widen housing options available through the government’s Expanded Pambansang Pabahay para sa Pilipino Program.

Philippines generates $290 million sales from Hong Kong fruit expo

The Philippines generated $290.71 million in export sales from its participation in the 2026 Asia Fruit Logistica event in Hong Kong, according to the Department of Agriculture (DA).

Philippines industrialization and hype vs reality of Pax Silica

Last week, Sept. 2, the Philippine Semiconductor and Electronics Industry Roadmap (PSEIR) was launched and the Semiconductor and Electronics Industry Advisory Council (SEIAC) was created, headed by Executive Secretary Ralph Recto. Other members of the council are the secretaries of DOF, DEPDev, DTI, DepEd, CHED, TESDA, etc.

Philippines internet slowest among SE Asian cities in SE Asia – Ookla

The Philippines may be trying to attract digital nomads to move here as their workplace, but the country’s urban districts provide the slowest internet speeds among Southeast Asian cities.

Philippines lags as investment destination among expanding EU firms

Nearly 80 percent of European businesses plan to continue investing in the Association of Southeast Asian Nations (ASEAN), but the Philippines ranked last among the top markets considered for investment in the region.

‘Philippines to bear brunt of El Niño next year’

The incoming El Niño could deal a sharper blow to the country’s rice supply and production once the weather disturbance fully sets in next year, the Department of Agriculture said.

Power spot prices highest in 20 years

Electricity spot prices in the Visayas and Mindanao surged to nearly P20 per kilowatt-hour (kWh) in August, hitting the highest levels recorded in the spot market’s 20-year history.

Remolona named among world’s best central bankers

Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. received an A- grade from Global Finance for the third consecutive year, keeping him among the magazine’s highest-rated central bank chiefs worldwide.

SM Group recognized for stakeholder communications

The Sy family’s SM Group has been recognized for communications programs spanning community engagement, customer service, financial education, investor relations and digital communications.

Stocks rise anew on sustained bargain hunting

The local stock market rose for the second straight day as investors continued to hunt for bargain stocks.

Thai firm invests in SunAsia’s $1 billion Laguna Lake solar farm

SunAsia Energy Inc. is teaming up with Thailand-listed Gunkul Engineering Public Co. Ltd. to build a $1-billion floating solar project on Laguna Lake, touted as the largest of its kind in the region.

The onus of securing eCARs in transferring unlisted shares

Transferring shares not listed and traded on a stock exchange involves several steps and sellers often must consider documents apart from the deed of sale or transfer.

The real cost of a weak peso

In the recent days I have been keeping tab of movements in prices of goods and services, a quiet sense of worry has been building within me as an aging senior citizen because I realize that many of the things we rely on every day now cost significantly more than they once did. F

Iran war could last through end of Trump’s term- WSJ citing advisers

Marcos to press India on $5.8-billion investment pledges at BRICS Summit

PRESIDENT Ferdinand R. Marcos, Jr. will travel to New Delhi on Sept. 12-13 to attend the 18th BRICS Summit, where he is expected to press Indian companies to follow through on $5.8 billion in investment pledges made during his visit to India last year.

Pax Silica to boost Manila’s tech value chain, says DFA

THE Washington-led Pax Silica initiative could help the Philippines move up the global technology value chain by supporting semiconductor production, critical mineral processing and emerging technologies, the Department of Foreign Affairs (DFA) said.

House urged to review parliamentary courtesy amid budget scrutiny

By Pexcel John Bacon A LAWMAKER urged the House of Representatives to review its practice of extending parliamentary courtesy to the President and Vice-President, saying the tradition should not prevent lawmakers from scrutinizing their proposed budgets. Party-list Rep. Leila M. de Lima, a House senior minority leader, told BusinessWorld that parliamentary courtesy is rooted in […]

TUCP rejects fresh P60 NCR wage hike

THE Trade Union Congress of the Philippines (TUCP) opposed the fresh P60 daily wage increase in the National Capital Region (NCR), saying it could effectively replace the P85 increase under an earlier wage order and deny workers more than P2 billion in back pay. “The Department of Labor and Employment (DoLE) did not merely fall […]