Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
10030 articles across all sources
Senate court to weigh Duterte vote threshold
THE Senate impeachment court will hear oral arguments on the voting threshold for convicting Vice-President Sara Duterte-Carpio as the House of Representatives prosecution panel dropped its remaining 15 witnesses on Tuesday, shortening her impeachment trial.
Read more →Teodoro slams China over SCS
PHILIPPINE Defense Secretary Gilberto C. Teodoro, Jr. on Tuesday denounced China after he received a note in the middle of an international forum reiterating Beijing’s refusal to acknowledge the 2016 South China Sea (SCS) arbitral ruling. In a video posted on the Department of National Defense’s Facebook page, Mr. Teodoro read aloud a note handed […]
Read more →Bill postponing youth, village polls gets final House nod
THE House of Representatives on Tuesday approved on third and final reading a proposal to postpone the 2026 youth and village polls to 2028 and extend term of office to five years. With 211 affirmative votes, 13 negative and one abstention, the chamber passed House Bill No. 10971, amending Republic Act No. 12232 by postponing […]
Read more →Agri losses from bad weather hit P4B
AGRICULTURAL damage caused by Tropical Cyclones Luis, Maymay, Neneng, and Pilandok, as well as the enhanced southwest monsoon (habagat) reached P4.38 billion, according to final estimates by the Department of Agriculture’s (DA) disaster unit. In a bulletin released on Tuesday, the DA-Disaster Risk Reduction and Management Operations Center said that thorough assessment by the department’s […]
Read more →San Simon lanes on NLEX now open
NLEX CORP., operator of the North Luzon Expressway (NLEX), announced that all lanes at the San Simon Interchange and Tulaoc are now open after flood mitigation measures restored access previously blocked by flooding. “NLEX remains committed to working closely with its partners to help ensure the safety and accessibility of not just its motorists, but […]
Read more →House clears 25-year franchise for Newsounds Broadcasting
THE House of Representatives on Tuesday approved a bill renewing Newsounds Broadcasting Network, Inc. for 25 years on third and final reading. With a vote of 214 yes, zero against, and two abstentions, the chamber passed House Bill No. 10208, granting the broadcast firm continued authority to construct, install, establish, and operate commercial radio and […]
Read more →DMW repatriates 14 seafarers after Hormuz attack
THE Department of Migrant Workers (DMW) said 14 Filipino seafarers who survived the attacks in the Strait of Hormuz are set to arrive in Manila on Tuesday evening. In a livestreamed press briefing on Tuesday, Migrant Workers Secretary Hans Leo J. Cacdac said the 14 Filipino seafarers working at a Saudi-flagged vessel are expected to […]
Read more →Ten-year plan launched to improve ASEAN Heritage Parks
THE Department of Environment and Natural Resources (DENR) and the ASEAN Centre for Biodiversity (ACB) launched a ten-year strategic roadmap to improve the management, protection, and conservation of natural parks across member states of the Association of Southeast Asian Nations (ASEAN), known as ASEAN Heritage Parks (AHPs). The framework, named the AHP Regional Action Plan […]
Read more →SSS LoanLite now available on UnionDigital app
THE SOCIAL Security System’s (SSS) LoanLite is now available on the mobile app of UnionDigital Bank, Inc. (UD) as the state pension fund expands the distribution of its micro loan program. “Qualified members can now apply through the UnionDigital Bank mobile application, making access to short-term financial assistance more convenient and secure,” SSS President and […]
Read more →Over 24M Filipinos used national ID to set up GCash
OVER 24 million Filipinos used Philippine Identification System ID or the national ID to open accounts in e-wallet platform GCash, the Philippine Statistics Authority (PSA) said. “Bringing national ID and GCash registration services directly to barangays helps remove barriers to access, providing unbanked families with a trusted means of identification and easier access to essential […]
Read more →BI arrests four Chinese nationals in Muntinlupa cyber fraud raid
THE Bureau of Immigration (BI) arrested four Chinese nationals allegedly involved in cyber fraud during an operation targeting suspected Philippine Offshore Gaming Operator (POGO)-related activities in Muntinlupa City. The operation, conducted on Sept. 4, followed intelligence monitoring of reports on continuing POGO-related activities on Montillano Street in Alabang, BI said in a statement on Tuesday. […]
Read more →AMLC to forfeit 10 drug-linked bank accounts
THE Anti-Money Laundering Council (AMLC) has secured a court order authorizing the forfeiture of 10 bank accounts previously used in illegal drug trafficking operations, the financial intelligence unit said. In a statement on Tuesday, the AMLC said the Manila Regional Trial Court (RTC) issued the order on Aug. 24, allowing them to forfeit the bank […]
Read more →Higher honoraria for election workers sought
A LAWMAKER on Tuesday pushed for higher honoraria for teachers and other election workers, saying their compensation should reflect the long hours and difficult conditions they face during elections. In a statement, Party-list Rep. Antonio L. Tinio pressed the Commission on Elections (Comelec) to formally commit to increasing the honoraria of election workers during the […]
Read more →Growing cash aid reliance questioned
SOCIAL Welfare Secretary Rexlon T. Gatchalian on Tuesday defended the government’s expanding cash assistance programs, saying the increase in subsidies’ budget reflects the need to protect vulnerable families from economic and other shocks rather than a failure of its poverty alleviation strategy. Mr. Gatchalian made the remarks during a House of Representatives Appropriations Committee hearing […]
Read more →BPOs to pitch for GCC business to support $50.5-B revenue goal
THE IT and Business Process Association of the Philippines (IBPAP) said it launched with industry partners a coalition that will invite foreign companies to locate their global capability centers (GCCs) in the Philippines. In a statement, it said the collaborative effort is expected to help the IBPAP reach its “best-case” forecast of $50.5 billion in […]
Read more →More European firms indicate interest in expanding Philippine operations, survey shows
MORE European Union (EU) firms expressed interest in expanding their Philippine operations this year, though the 43% share of such firms underperformed relative to Southeast Asia, according to a survey conducted by the EU-ASEAN Business Council (EU-ABC). The EU-ABC said its 12th Business Sentiment Survey found that the companies signaling their Philippine expansion plans surpassed […]
Read more →Australian institutional investors explore PHL energy, infrastructure opportunities
AN AUSTRALIAN delegation of institutional investors is visiting the Philippines to discuss energy and infrastructure projects, the Australian embassy said. In a statement issued to mark the 80th year of diplomatic ties between the two countries, the embassy said the institutional investors, with A$1.4 trillion in assets under management, will be in the Philippines until […]
Read more →Green-lane system claims processing time for permits cut to little over a week
THE Board of Investments (BoI) said the permit processing time for green lane-eligible projects has been reduced to 7.67 days, from 19.12 days previously. The BoI said in a statement Tuesday that the average was taken from 122 projects deemed sufficiently strategic to qualify for expedited permit processing. At the end of August, green lane-eligible […]
Read more →Biomass auction set for 4th quarter, DoE says
THE Department of Energy (DoE) hopes to conduct the sixth round of the green energy auction (GEA-6), which is dedicated solely to biomass projects, in the fourth quarter. “The auction proper will take place in the fourth quarter of 2026,” Energy Undersecretary Rowena Cristina L. Guevara told reporters on Monday. Ms. Guevara said the DoE […]
Read more →JICA technical aid to boost PHL bridge, tunnel-building capacity
THE Department of Public Works and Highways (DPWH) and the Japan International Cooperation Agency (JICA) signed a technical cooperation agreement to boost Philippine capacity for carrying out bridge replacement and rehabilitation as well as for building road tunnels. In a statement, the two sides formalized the implementation of three technical cooperation projects to help address […]
Read more →PHL AI masterplan targets investments of $34.4B
THE Department of Information and Communications Technology (DICT) said its AI+ Infrastructure Masterplan (PAIIM) set an investment target of $34.4 billion until 2033, boosted by plans by at least two US hyperscalers to start setting up 400-megawatt (MW) data centers as early as next year. “By leveraging the country’s strategic location, strong talent base, and […]
Read more →Philguarantee provides cover for P2.41B worth of cooperative loans
THE Philippine Guarantee Corp. (Philguarantee) has said it backed P2.41 billion worth of outstanding guaranteed loans for cooperatives as of the end of June. This benefited 24,386 individuals, the state-owned corporation said in a statement Tuesday. “As a key partner in development financing, Philguarantee empowers cooperatives to expand their lending capacity and provide financing support […]
Read more →As peso lingers at record-low P62, what does it mean for Filipinos?
The Philippine peso has never been this weak. Here's how that could affect everything from fuel prices to remittances.
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