Philippines Business News

China Xplained | The China Squeeze, or the China Opportunity?

GUANGZHOU, China, Sept. 6, 2026 /PRNewswire/ -- This is a news report from South: Is China's manufacturing rise squeezing out or creating opportunities for other economies? Ahead of the 2026 APEC Economic Leaders' Meeting in China this November, journalists and experts from around the world gathered in Guangdong for the Asia-Pacific Media Forum (APMF) 2026. The forum opened in Shenzhen on September 5, bringing together more than 400 representatives from across the Asia-Pacific region, as well as

'Like a jewel': Japan's luxury ice revered by bars worldwide

KANAZAWA, Japan — In the historic Japanese city of Kanazawa, craftsmen painstakingly shape and slice blocks of ice destined to chill negronis in some of the world's trendiest bars. The men work for Kuramoto Ice, a century-old company in Ishikawa on the Sea of Japan coast and one of dozens of Japanese firms producing ultra-clear, premium ice. This luxury product, believed by those in the industry to melt more slowly than regular blocks, is a staple of Japan's cocktail culture. But its popul

Weak peso, inflation concerns to drag PHL shares

PHILIPPINE SHARES may trade sideways this week as a weaker peso and rising oil prices drag sentiment, with the market looking ahead to key US data that could affect the US Federal Reserve’s policy stance. On Friday, the Philippine Stock Exchange index (PSEi) rose by 0.35% or 21.18 points to close at 6,090.60, while the […]

Asia-Pacific Media Forum held in China's Guangdong

SHENZHEN, China, Sept. 6, 2026 /PRNewswire/ -- A news report from Xinhuanet: The Asia-Pacific Media Forum opened on Saturday in Shenzhen, south China's Guangdong Province, with the theme of "Building a Path to Shared Prosperity for the Asia-Pacific Community: Media Consensus and Action." Li Shulei, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and head of the Publicity Department of the CPC Central Committee, attended the forum and delivered a keynote s

Monsoon to ease projected fall in rice output

AGRICULTURE SECRETARY Francisco P. Tiu Laurel, Jr. said he expect the Department of Agriculture’s (DA) initial projection of a 700,000-metric ton (MT) reduction in rice production to be mitigated by the additional rainfall brought about by the enhanced southwest monsoon (habagat). Speaking on the sidelines of the DA’s budget hearing at the House of Representatives […]

Luzon corridor, Pax Silica seen adding growth drivers as Philippine human capital advantage erodes

BUSINESS LEADERS said Pax Silica projects in the Philippines as well as the development of the Luzon Economic Corridor (LEC) will drive an uptick in foreign investment starting late this year because of their potential to diversify the sources of the Philippines’ competitive advantage.

BAR EXAM PREPARATIONS

Wholesale price growth accelerates in July

THE PRICE GROWTH of wholesale goods accelerated to 2.4% in July, driven by higher food prices, the Philippine Statistics Authority (PSA) said. Citing preliminary data, the General Wholesale Price Index (GWPI) accelerated from the 2.3% posted in June. The July reading was lower than the 3.1% reported in July 2025. The July indicator was the […]

PASSABLE AGAIN

Overcoming El Niño to require rapid-response measures, long-term fixes

QUICK-RESPONSE MEASURES to counter the impact of the so-called Super El Niño will be critical in minimizing the damage to agriculture, though such “reactive” responses need to be rounded out with longer-term fixes, analysts said.

Zamboanga terminal contract could be re-offered for auction this year — PPA

THE Philippine Ports Authority (PPA) said it hopes to reopen the bidding for the canceled Zamboanga passenger terminal building contract this year. “The passenger terminal building terminated contract is about 52% complete. We have scheduled the rebidding this year,” PPA General Manager Jay Daniel R. Santiago told the House Committee on Appropriations last week. Mr. […]

Luzon, Visayas to have more scattered rains and thunderstorms — Pagasa

MANILA, Philippines — The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) said most of Luzon and Visayas will have cloudy skies with scattered rains and thunderstorms on Monday because of the southwest monsoon. "On our weather condition tomorrow, Monday, the southwest monsoon will bring rains for most of Luzon and Visayas," weather specialist Grace Castañeda-Carpio said on Sunday. She said occasional rains will continue in Zambales, Bataan, Bata

Rethinking capital allocation in a changing world

Capitalism drove unprecedented growth, rising living standards, and significant reductions in global poverty. However, its focus on short-term financial returns has also revealed weaknesses, including economic inequality, environmental externalities, and systemic vulnerabilities exposed by crises such as the COVID-19 pandemic and recent supply chain disruptions.

PH vows closer ties with Pacific nations

MANILA, Philippines — The Philippines reaffirmed its affinity with fellow Pacific nations and highlighted closer collaboration with them, the Department of Foreign Affairs (DFA) said over the weekend. The Philippine delegation to the 55th Pacific Islands Forum Leaders’ Meeting (55PIFLM) shared challenges of archipelagic states such as climate change and a changing development financing landscape, the DFA said. The Philippines maintains four resident embassies in the Pacific — i

Duterte’s 2028 prospects hinge on opposition unity amid legal battles

VICE-PRESIDENT Sara Duterte-Carpio’s prospects for the 2028 presidential race will depend largely on whether her opponents can unite behind a single candidate, political analysts said, as a criminal case and an impeachment trial add uncertainty to her bid for Malacañang.

Southwest monsoon to bring heavy rain through Tuesday, says PAGASA

HEAVY RAIN would continue across western Luzon and parts of the Visayas through Tuesday as the southwest monsoon persists, with some areas at risk of flash floods and landslides, the state weather bureau said.

Firm response to China’s Batanes claims sought

THE Philippine government should mount a sustained response to renewed Chinese claims over Batanes to prevent Beijing from creating doubt over Philippine sovereignty, the Stratbase Institute said. “Batanes is Philippine territory, its people are Filipinos, and its sovereignty is settled and not up for debate,” Victor Andres “Dindo” C. Manhit, president at the think tank, […]

CoA flags LLDA’s P218.8-M unrecognized land

THE Commission on Audit (CoA) has flagged the Laguna Lake Development Authority (LLDA) for accounting and enforcement lapses, including an unrecognized 4,790-square-meter land asset valued at P218.8 million. “The land asset with an area of 4,790 square meters and an assessed value of P218.799 million, occupied by LLDA, remains unrecognized in the books of accounts,” […]

Prosecution: VP case not persecution

THE House prosecution panel for the impeachment trial of Vice-President (VP) Sara Duterte said the three counts of grave threats filed by the Department of Justice (DoJ) against her are not political persecution but simply the justice system doing its work. Lanao del Sur Rep. Ziaur-Rahman A. Adiong, House prosecution panel spokesperson, refuted claims that […]

Group wants NCR wage case resolved

THE Federation of Free Workers (FFW) called on the Pasig Regional Trial Court (RTC) Branch 152 to resolve the Office of the Solicitor General’s (OSG) motion seeking the dismissal of the case questioning the P85 wage increase in Metro Manila. The OSG filed its Motion to Resolve on Sept. 3, saying the jurisdictional issue is […]

LTFRB opens 8,750 ride-hailing slots

THE Land Transportation Franchising and Regulatory Board (LTFRB) has opened 8,750 slots for ride-hailing services in Metro Manila, Ilocos, and Bicol. “We in the LTFRB are sensitive to the request and demand from the people and the opening of the slots is also in support of the government’s aggressive economic push across the country,” Acting […]

DBM to test budget rollout plan in Q4

THE Department of Budget and Management (DBM) plans to pilot a system in the fourth quarter that would allow it to automatically release funds for salary deficiencies once agencies update their plantilla records. The reform aims to reduce delays in salary adjustments for public school teachers and other government workers who are promoted or reclassified. […]

Recto says budget cut won’t affect OP functions

THE proposed 64% reduction in the Office of the President’s (OP) budget for 2027 will not affect its ability to carry out its functions, Executive Secretary Ralph G. Recto said on Sunday. In a statement, Mr. Recto said the OP is seeking a P10.15-billion budget for 2027, down from the P28-billion allocation for the current […]

Romualdez camp wants to comment on flood allegations

FORMER House Speaker Ferdinand Martin G. Romualdez, through his legal counsel, called on the Office of the Ombudsman to allow the lawmaker to comment on new allegations linked to the multibillion flood controversy. Abdiel Dan Elijah S. Fajardo, legal spokesperson for Mr. Romualdez, sought a chance to address accusations amid concerns that former Public Works […]