Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
10098 articles across all sources
Palace: Fiscal discipline to cushion peso weakness and risks from inflation
MALACAÑANG on Thursday said the government is relying on fiscal discipline and targeted public spending to help cushion the economy from inflation risks arising from the peso’s weakness and the war in the Middle East. “The recent weakening of the peso was brought about by brewed US dollar strength and rising global prices of oil,” […]
Read more →PHL revisits flood master plan as climate risks intensify
THE government is reviewing the country’s flood control master plan after recent severe weather exposed gaps in existing flood management measures, with Malacañang acknowledging that plans crafted by previous administrations were never fully implemented. “There was already a master plan as far back as the 1930s and 1940s,” Palace Press Officer Clarissa A. Castro told […]
Read more →State auditors flag P279M in child care funds
THE Department of Education’s Early Childhood Care and Development Council failed to account for P278.9 million in fund transfers to local governments despite the completion of the projects they financed, state auditors said, raising concerns over the agency’s monitoring of public funds.
Read more →Liquor makers oppose ‘substantial’ excise tax hike
LIQUOR manufacturers on Thursday opposed substantial increases in excise taxes on their products, warning that higher rates could hurt legitimate businesses, reduce government revenues, and encourage illicit trade. At a House of Representative Committee on Ways and Means hearing, Distilled Spirits Association of the Philippines (DSAP) President Olivia Limpe-Aw urged lawmakers to retain the existing […]
Read more →Senate rating dips; House climbs
THE Senate’s trust and satisfaction ratings declined in the second quarter, while the House of Representatives saw its ratings climbed, an OCTA Research survey showed. The second-quarter nationwide survey, conducted from July 4-11, found national trust in the Senate slipped to 41% from 44% in the first quarter; while public satisfaction with its performance declined […]
Read more →Palace still studying MVUC hike
MALACAÑANG said a proposed increase in the motor vehicle users’ charge (MVUC) will have to be weighed against President Ferdinand R. Marcos, Jr.’s push to ease the tax burden on the middle class and small businesses. Data from the Department of Finance (DoF) showed that the Promoting Growth, Revenue, and Equity towards Socio-Economic Sustainability (ProGRESS) […]
Read more →Marcos orders aid for seafarers’ kin
PRESIDENT Ferdinand R. Marcos, Jr. has ordered concerned government agencies to extend assistance to the families of two Filipino seafarers who died in a security incident in the Strait of Hormuz. Palace Press Officer Clarissa A. Castro on Thursday said the two seafarers were from Cabuyao, Laguna and Daanbantayan, Cebu. “The President and the administration […]
Read more →SC vows fair and safe Bar exams
THE Supreme Court (SC) on Thursday assured this year’s Bar examinees that it has taken steps to ensure the integrity and orderly conduct of the examinations, which begins on Sunday. Associate Justice Samuel H. Gaerlan, chairperson of the 2026 Bar Examinations, said the Court had prepared and dedicated itself to ensuring that the exams would […]
Read more →Senate panel OKs CoA, Ombudsman budgets for 2027
THE Senate Finance Committee on Thursday approved the Commission on Audit’s (CoA) and the Office of the Ombudsman’s proposed budget for next year. Senator Emmanuel Joel J. Villanueva backed the CoA’s proposed P16.04-billion budget, noting that he is open to supporting the agency if it seeks an additional budget to address the challenges they’re facing […]
Read more →DoJ: 15-year-old in Tacloban school shooting to face murder raps
THE Department of Justice (DoJ) said that the Tacloban City Prosecutor’s Office has ordered the filing of four counts of frustrated murder and six counts of attempted murder against a 15-year-old child in conflict with the law (CICL) over the June 22 shooting at San Jose National High School. Justice Undersecretary Ian Norman E. Dato […]
Read more →Ombudsman files raps vs ex-BFP chief in P485-M ambulance case
THE Office of the Ombudsman has filed graft and bribery charges before the Sandiganbayan and dismissed former Bureau of Fire Protection (BFP) Director Jesus P. Fernandez from government service over the procurement of 132 ambulances worth P485.6 million. Mr. Fernandez was charged with two counts each of indirect bribery and violation of the Anti-Graft and […]
Read more →Central Luzon floods hit 4.24 million residents
SAN FERNANDO CITY, Pampanga — Widespread flooding and other weather-related incidents have affected more than 4.24 million people in Central Luzon, with 582 incidents recorded as of Sept. 3, the Office of Civil Defense (OCD) Central Luzon reported. OCD-Central Luzon Officer-in-Charge Shelby A. Ruiz said flooding hit 542 barangays in Bataan, Bulacan, Nueva Ecija, Pampanga, […]
Read more →Stocks rise on bargain hunting, peso recovery
PHILIPPINE STOCKS climbed on Thursday amid bargain hunting and the peso’s slight rebound against the greenback, with investors taking positions before the release of August inflation data. The Philippine Stock Exchange index rose by 0.27% or 16.19 points to close at 6,069.42, while the broader all shares index went up by 0.51% or 17.20 points […]
Read more →DoTr confident it can complete much-reduced 30-project lineup
THE Department of Transportation (DoTr) said it is optimistic about completing the 30 flagship projects that it will receive funding for under the proposed 2027 National Expenditure Program (NEP). In the 2027 NEP, the DoTr was allocated P300.96 billion, Acting Transportation Secretary Giovanni Z. Lopez told the House appropriations committee on Thursday. The NEP total […]
Read more →PHL credibility with foreign investors hurt by business costs; charter-level reforms urged
THE PHILIPPINES needs to build credibility with foreign investors’ reforms by bringing down the cost of doing business and pursuing legal reforms at the constitutional level, a senior lawyer said.
Read more →P60B seen needed per 2,000 MW of capacity to de-risk geothermal dev’t
THE Department of Energy (DoE) said it is ready to tap multilateral banks again to de-risk further geothermal power development , which it estimated would require about P60 billion to unlock 2,000 megawatts (MW) of potential capacity. Energy Secretary Sharon S. Garin added that the DoE is open to initiating fresh talks with the Asian […]
Read more →Agri dep’t expects to start building FMRs in October
AGRICULTURE Secretary Francisco P. Tiu Laurel, Jr. said he expects the Department of Agriculture (DA) to start building farm-to-market roads (FMRs) next month, after the DA took over the program from the Department of Public Works and Highways. Speaking on the sidelines of the DA budget hearing at the House of Representatives, Mr. Laurel told […]
Read more →MBC urges ease-of-doing-business reforms to restore public confidence
THE Makati Business Club (MBC) said legislators need to pass reforms to make it easier to do business to help restore public confidence in the government. “What needs to be done is to bring back the confidence of the public in government,” MBC Chairman Edgar O. Chua told reporters on the sidelines of an event […]
Read more →Battery storage, power barges expected to help resolve power problems in Visayas, Mindanao
THE Department of Energy (DoE) is hoping to resolve the persistent grid alerts experienced in the Visayas and Mindanao before the end of the year, adding that it plans to deploy power barges and battery energy storage systems. “The barges will be coming in,” Energy Secretary Sharon S. Garin said on the sidelines of an […]
Read more →DA evaluating Chinese technology to modernize PHL farming practices
THE Department of Agriculture (DA) said on Thursday it is studying the use of smart farming technology from China aimed to modernize farming in the Philippines. Agriculture Secretary Francisco P. Tiu Laurel, Jr. visited the Zhejiang Huihong Fruit and Vegetable Farm in China on Aug. 24, inspecting digital systems used to monitor crops and manage […]
Read more →Anker Innovations Unifies Its Brands Under a Single Name: Anker
Announces first standalone Anker store in Berlin, introduces Anker MindBase, a local AI hub for the home, an expanded audio lineup featuring its proprietary THUS AI chip, and new products across charging, home energy, robotics and more Berlin, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Almost 15 years after selling its first battery product, Anker Innovations today announced that its five brands will be unified under a single name, Anker. The company also announced the opening of its first standalone st
Read more →Amid AI Boom, Verisk Launches New View of U.S. Data Center Exposure, Helping Insurers Assess Growing Concentrations of Risk
New resource provides building-level information on more than 2,500 U.S. data center facilities BOSTON, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading strategic data analytics and technology partner to the global insurance industry, today announced a new U.S. Data Center Exposure Database designed to help insurers, reinsurers and brokers better understand and manage one of the fastest-growing concentrations of risk. The database provides building-level geocoding, facility fo
Read more →EARLY CLOSURE OF SUBSCRIPTION PROCESS FOR 8TH TRANCHE OF UAB "KVARTALAS" BONDS
UAB "Kvartalas”, legal entity code 305475438, with its registered address at Jogailos st. 4, Vilnius, Lithuania, hereby announces that, due to sufficient investor demand, it has been decided to close the subscription process for the offering of the 8th tranche of bonds (ISIN LT0000411167) with effect from the time of this announcement. New subscription orders are no longer accepted. As of the time of this announcement, Nasdaq Exchange Members shall not accept any new subscription orders from inv
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