Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
10057 articles across all sources
House committee approves tighter online safeguards for children
A HOUSE of Representatives panel approved a measure that would impose stricter safety requirements on social media and interactive online gaming platforms to protect children from harmful content and interactions. The House Committee on Welfare of Children approved a substitute bill for the proposed Children’s Social Media and Online Gaming Safety Act, consolidating 41 measures. […]
Read more →Sandiganbayan orders Romualdez arrest
THE SANDIGANBAYAN on Monday ordered the arrest of former Speaker Ferdinand Martin G. Romualdez hours after he was charged with plunder over a P7.4-billion kickback scheme involving flood control projects. The anti-graft court’s Third Division also issued a hold-departure order against Mr. Romualdez, former Party-list Rep. Elizaldy “Zaldy” S. Co and two private individuals. The […]
Read more →VP accuses Palace of harassment
VICE-PRESIDENT (VP) Sara Duterte-Carpio accused the Marcos administration of subjecting her to political harassment, days after police served her a warrant of arrest for alleged grave threats. In a statement on Monday, Ms. Duterte said she had received information as early as 2024 about alleged plans by President Ferdinand R. Marcos, Jr. against her, including […]
Read more →Palace: Revenues enough for debt
THE government currently has sufficient revenues to finance its debt obligations as it seeks to manage rising borrowings through tax reforms and other fiscal measures, according to the Palace. “As of now, the debt involves long-term repayment. So, it does not have to be paid off immediately. Payments can be made in installments to cover […]
Read more →Senate OKs gov’t scholarship bill
THE Senate on Monday approved on third and final reading a measure that will institutionalize the Presidential Merit Scholarship Program (PSMP), aimed at providing academic and financial assistance to excellent senior high school students from financially constrained families. With 19 affirmative votes, the chamber passed Senate Bill No. 2410 mandating the subsumption of the existing […]
Read more →Gov’t moves to align education, industry amid skills gaps
THE GOVERNMENT is pushing for closer alignment between education and industry requirements as skills gaps threaten to leave workers unprepared for changing job opportunities, President Ferdinand R. Marcos, Jr. said on Monday. “The challenge before us is clear: As our industries evolve, we must ensure that our people are equipped to grow with them,” Mr. […]
Read more →Five treaties on tax, security, education get Senate nod
THE Senate on Monday approved on third and final reading five resolutions on the ratification and accession of international agreements on taxation, security, education, aviation, and criminal justice cooperation. The chamber concurred in the ratification of Senate Resolution No. 628 which eliminates the double taxation and aims to prevent fiscal evasion in relation to taxes […]
Read more →No injunction without bond, court admin says
A COURT administrator on Monday said that a preliminary injunction cannot be issued or implemented without the required bond, as a labor lawmaker sought clarification amid a legal challenge that has suspended the Metro Manila wage increase. Court Administrator Ma. Theresa Dolores C. Gomez-Estoesta made the clarification during the House of Representatives Appropriations Committee’s hearing […]
Read more →LGUs urged to adopt Marikina waste system
PRESIDENT Ferdinand R. Marcos, Jr. on Monday urged local government units (LGUs) to adopt Marikina City’s integrated waste management system, saying proper garbage collection, recycling and recovery could help reduce flooding and address environmental concerns. “It should be the template, and it is now becoming a template in all the different cities in the Philippines, […]
Read more →Agencies want limits to free housing bill
GOVERNMENT housing agencies on Monday urged lawmakers to impose a fixed or reviewable period on beneficiaries of a proposed free housing program, saying the bill’s provision allowing them to occupy units indefinitely could overlap with existing housing law. During a House Committee on Housing and Urban Development hearing, the Department of Settlements and Urban Development […]
Read more →P26.13-B disaster fund unreleased as of end-August
THE GOVERNMENT had yet to release P26.13 billion in disaster-risk funds as of end-August, with the largest portion intended for rehabilitation and reconstruction assistance to local government units (LGUs), latest budget data showed. The unreleased amount represented 65.1% of the P40.15-billion National Disaster Risk Reduction and Management Fund (NDRRMF), which includes continuing appropriations from 2025 […]
Read more →Public warned against fake BuCor recruitment websites
THE Bureau of Corrections (BuCor) on Monday warned the public and prospective applicants against two fake websites impersonating its official online recruitment platform. BuCor said the websites, e-bucor-rms.vercel.app and bucor-recruitment.online, have no affiliation with the agency and were confirmed as fraudulent by its Recruitment and Information Technology departments. BuCor Director General Gregorio Pio P. Catapang, […]
Read more →P1-B subsidy for ASF vaccine pushed
A LAWMAKER on Monday urged the House of Representatives to approve the proposed funding for the government’s planned subsidy for African Swine Fever (ASF) vaccines, saying wider access to the shots could help stabilize the country’s hog supply and protect backyard raisers. In a statement, Abra Rep. Joseph Sto. Niño “JB” B. Bernos said that […]
Read more →DPWH told to tap foreign firms, PSE-listed contractors
THE GOVERNMENT should tap reputable foreign and top-tier local contractors for major flood control, hospital and school infrastructure projects, a lawmaker said on Monday, noting this could help prevent delays, substandard work and alleged “ghost” projects. In a statement, Manila Rep. Rolando V. Valeriano said large-scale projects under the Department of Public Works and Highways […]
Read more →Higher education budget for next year sought
A LAWMAKER on Monday vowed to push for an education budget equivalent to 4% of gross domestic product (GDP), saying higher funding is needed to support teachers and address the country’s continuing learning crisis. In a statement, Party-list Rep. Jose Manuel I. Diokno said the proposed reduction in education spending for next year was “unacceptable […]
Read more →Bill seeks P650 hazard pay for media personnel in embattled, calamity zones
SENATOR Mark A. Villar has filed a measure mandating employers to provide hazard pay of minimum P650 per day for media personnel assigned in embattled, isolated, and disease-infested areas, including places declared under state of emergency or calamity. Mr. Villar is also seeking additional compensation for media workers rendering overtime service and those whose shifts […]
Read more →Nueva Vizcaya race to revive P906-M infra program
BAYOMBONG, Nueva Vizcaya — The Nueva Vizcaya provincial government is racing to get a P905.6-million infrastructure program back on track after projects were hit by election restrictions, permit delays, typhoons, failed bidding and soaring construction costs. Nueva Vizcaya Provincial Engineer Jerry A. Tan said the Provincial Engineering Office (PEO) is handling 61 projects, with budgets […]
Read more →‘No collapse evident’ in BPOs despite AI — HSBC
THE Philippine services industry is benefiting rather than suffering from the global artificial intelligence (AI) boom, with AI tools accelerating employment and productivity in the business process outsourcing (BPO) sector, HSBC Ltd. said. In theory, “other business services” such as those offered by the BPO sector should be vulnerable to AI automation, according to HSBC […]
Read more →5 idle coal-fired power plants seen back by Oct.
THE Department of Energy (DoE) said it expects five more coal-fired power plants totaling 722 megawatts (MW) in the Visayas and Mindanao to return to service by October. In a briefing on Monday, Energy Secretary Sharon S. Garin said the government is aiming to stabilize the Visayas grid as fast as possible after the shutdown […]
Read more →Geothermal developers push for pricing overhaul ahead of GEA-9
GEOTHERMAL DEVELOPERS are calling for a revamp of the pricing mechanism for the government’s upcoming green energy auction (GEA) to better reflect the “true cost” of geothermal power and attract more bidders. Jaime Jemuel Austria, Jr., president of the National Geothermal Association of the Philippines, Inc., said the group will submit its geothermal pricing recommendations […]
Read more →DA rejects claims of imports weakening pork farmgate price
AGRICULTURE SECRETARY Francisco P. Tiu Laurel, Jr. said pork imports did not cause a decline in farmgate prices, but blamed a rush to sell hogs due to fears of another outbreak of African Swine Fever (ASF). In a statement, Mr. Laurel said hog raisers increased their herds last year in response to high prices, but […]
Read more →PHL seen on track for data center capacity target
THE PHILIPPINES is on track to hit 1.5 gigawatts (GW) of data center capacity by 2028, with a favorable regulatory framework and geographic advantages expected to attract foreign operators, the Data Center Association of the Philippines (DCAP) said. “There is a lot of generation coming not just from players that you know. There’s a lot […]
Read more →Zero banana tariffs top PHL agenda during JPEPA review
THE PHILIPPINES will push for zero tariffs for banana exports to Japan during the review of the Japan-Philippines Economic Partnership Agreement (JPEPA), part of a broader effort to become the world’s top banana exporter, the Department of Trade and Industry said. “Now, our tariff is 8% to 18% depending on the season… In the end, […]
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