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Philippines Business News

Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.

10039 articles across all sources

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Manila Times BusinessAug 24, 2026

Another rate hike seen despite slowing growth

ELEVATED inflation could prompt the Bangko Sentral ng Pilipinas (BSP) to deliver another rate increase this Thursday despite a slowing economy, analysts said. Six out of nine economists polled by The Manila Times said the benchmark rate could be raised by another 25 basis points to 5.0 percent. The BSP’s policymaking Monetary Board, which has raised key interest rates two times so far this year due to above-target inflation, is scheduled to meet on Aug. 27. BSP Governor Eli Remolona Jr. ha

BusinessWorldAug 24, 2026

Poll: BSP to hike rates by 25 bps anew

PERSISTENT inflation pressures may warrant a third straight rate hike from the Bangko Sentral ng Pilipinas (BSP) this week, even as economic growth remains tepid, analysts said.

BusinessWorldAug 24, 2026

Philippines needs broader growth base to withstand shocks, say economists

THE Philippines must strengthen its productive capabilities and diversify an economy still heavily reliant on consumption and services to become more resilient to external shocks and advance toward high-income status, economists said.

BusinessWorldAug 24, 2026

Widening BoP deficit, dwindling reserves raise red flags for Philippines’ external position

THE Philippines’ external position may be in peril if its balance of payments (BoP) deficit persists and dollar reserves continue to shrink, GlobalSource Partners said. GlobalSource Partners Country Analyst Diwa C. Guinigundo said the Philippines needs to diversify the country’s foreign currency revenue streams to ensure it can weather global shocks. “The bigger issue is […]

Manila Times BusinessAug 24, 2026

Napolcom commends off-duty cop for pursuing hit-and-run suspect

BEING off duty does not mean being off service when lives are at stake. Napolcom Commissioner Rafael Vicente Calinisan underscored this as he commended Police Executive Master Sergeant (PEMS) Andy Evangelista for pursuing a driver who allegedly fled after hitting two pedestrians in Antipolo City. Commissioner Calinisan presented PEMS Evangelista with a Certificate of Commendation at the Napolcom on Aug. 17, recognizing his courage, alertness and presence of mind in responding to the hit-and-run

Manila Times BusinessAug 24, 2026

$120,000 and One Million Visitors in 48 Hours for Solo Founder's Side Project Outbid.lol

More than 700 companies placed bids within two days, turning a one field website into a viral live market for search visibility Osnabruck, Lower Saxony, Germany, August 23, 2026 -- Outbid.lol, a leaderboard where rank is set entirely by what a company pays, drew more than one million visitors and $120,000 in bids within 48 hours of its August 19, 2026 launch. It applies the logic of keyword auctions to a single public page, and one developer built it alone. The product is one page with one input

Manila Times BusinessAug 24, 2026

BNP PARIBAS GROUP: SUDAN LITIGATION STATEMENT FROM BNP PARIBAS

SUDAN LITIGATION: STATEMENT FROM BNP PARIBAS Paris, 23rd August 2026 BNP Paribas is confident that the trial court fundamentally misconstrued Swiss law, committed numerous legal errors and sidelined highly relevant evidence showing that the financial transactions at issue were authorized under Swiss and European law. The Bank’s arguments were strongly supported by amicus briefs filed by the Governments of Switzerland and the United States, distinguished academics and jurists, and leading industr

Manila Times BusinessAug 24, 2026

Cebu mayor faces criminal complaint

CEBU CITY — Mayor Nestor Archival Sr. faces criminal and administrative complaints before the Office of the Ombudsman over an alleged conflict of interest in the Monterrazas de Cebu development in Barangay Guadalupe. Former Cebu City Coastline Management Board official Ed Karlon Rama, a Guadalupe resident, filed the seven-page complaint-affidavit with the Ombudsman Area Office for the Visayas in Cebu City on Wednesday. Rama alleged that Archival and his spouse own a 713-square-meter proper

Manila Times BusinessAug 24, 2026

50k flood-affected families in Bulacan get aid

CITY OF MALOLOS — The provincial government of Bulacan, through the Provincial Social Welfare and Development Office (PSWDO), has distributed relief assistance to more than 50,000 families in the most flood-affected areas in the municipalities of Santa Maria, Guiguinto, Balagtas, Bocaue, Calumpit, Hagonoy, Paombong, Norzagaray, Pandi, and Angat. Gov. Daniel Fernando and Vice Gov. Alexis Castro personally visited communities affected by massive flooding to check the situation of residents a

Manila Times BusinessAug 24, 2026

Critical minerals offer a big potential

LAST week, President Ferdinand Marcos Jr. signed an executive order to establish the Unified National Policy Framework for Developing the Critical Minerals Industry that will lay down the guidelines for transforming the Philippines into a key player in the global critical minerals market. Critical minerals such as lithium, copper, nickel, cobalt, graphite and rare earth elements are driving the transition to low-carbon energy systems. They have also become indispensable in other strategic indust

Manila Times BusinessAug 24, 2026

PH leads regional push for stronger public finance systems for children

THE Philippines is strengthening its role in advancing child-responsive public finance in the region, bringing together eight South and Southeast Asian countries to exchange reforms and practical solutions aimed at ensuring that limited public resources deliver better outcomes for children. Through the Department of Budget and Management (DBM) and with support from the European Union (EU) and United Nations Children’s Fund (Unicef), the Philippines hosted the South-South Exchange from Aug.

Manila Times BusinessAug 24, 2026

6.5 million Filipinos were not lifted out of poverty6.5 million Filipinos were not lifted out of poverty

What it claimed was that 6.5 million Filipinos moved from below to above the very artificial poverty threshold it had invented years ago. It has not established that 6.5 million Filipinos ceased being poor, in the ordinary meaning of that word. At best, the number of our poor remained unchanged and probably even worsened since this corruption-riddled administration came to power. As usual, the extremely pro-administration Philippine Star and Philippine Daily Inquirer made it their banner headlin

Manila Times BusinessAug 24, 2026

Eala ramps up training for US Open

FILIPINO tennis ace Alex Eala arrived in New York and immediately got to work for her US Open return. US Open Tennis on Sunday posted a video of Eala hitting balls under the supervision of coach Joan Bosch at the Arthur Ashe Stadium. WTA No. 20 Eala will begin her campaign in the mixed doubles with ATP No. 4 Felix Auger-Aliassime of Canada. Eala then faces WTA No. 16 Iva Jovic in the Stars of the Open exhibition match on Aug. 27. On the same day, the draws for men and women will be revealed. The

Manila Times BusinessAug 24, 2026

‘Marcoleta, Defensor face perjury case’

DETAINED Sen. Rodante Marcoleta and former representative Mike Defensor could face a subornation of perjury complaint for supposedly “coaching” former Marine Orly Guteza while testifying before the Senate Blue Ribbon Committee last year, Sen. Panfilo Lacson said. Lacson said the sequence of events during the Blue Ribbon hearing showed that Marcoleta had prompted Guteza on what to include in his affidavit regarding his allegations that he delivered cash in suitcases to several persona

Manila Times BusinessAug 24, 2026

Over 1K Naga residents secure land ownership

MORE than 1,400 Naga residents are poised to gain a stronger foothold on the land they call home as the government expands its housing program to give low-income families not just shelter but also security of tenure. The beneficiaries are being assisted through the Enhanced Community Mortgage Program (ECMP), a people-centered housing initiative under President Ferdinand Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program. The latest boost came as the Social Housing Fina

Manila Times BusinessAug 24, 2026

WinZir’s Wonder Wheel puts responsible gaming at center of every spin

WINZIR is expanding the role of its Wonder Wheel as part of its broader effort to provide its community with engaging ways to experience its platform while keeping responsible gaming firmly in view. The enhanced promotional feature is designed to add another layer of entertainment for eligible users without losing sight of the principles that should guide any form of gaming: awareness, moderation and informed decision-making. The Wonder Wheel gives members another interactive feature to explore

BusinessWorldAug 24, 2026

Raslag eyes 2028 start for biggest solar project

LISTED renewable energy developer Raslag Corp. will develop the two phases of its biggest solar project simultaneously as it targets commercial operations by 2028, with the project’s scale posing a financing challenge for the company. “Because of the permitting and everything, it’s better just to do it at one shot. But it poses a challenge […]

Manila Times BusinessAug 24, 2026

DSWD releases P138M for farmers hit by RSSI pest

BACOLOD CITY — The Department of Social Welfare and Development– Negros Island Region (DSWD‑NIR) disbursed P138,586,450 in Emergency Cash Transfers (ECT) to 13,514 small sug‑ arcane farmers whose crops have been damaged by the red‑striped soft scale insect (RSSI), DSWD Regional Director Arwin Razo said on Sunday. The assistance covered nine local government units in Negros Occidental and six in Negros Oriental. Negros Occidental accounted for the largest share of aid, with 9,141 fami

Manila Times BusinessAug 24, 2026

Injured triathlete Ellis to miss Asian Games

PHILIPPINE triathlete Kira Ellis is due to miss the upcoming Asian Games in Japan because of an injury and an accident. Ellis won two gold and three silver medals at last year’s SEA Games in Thailand. In a social media post, Ellis said she has had more downs than ups for this year, mentioning that she had one of the worst bicycle accidents in recent memory. “Starting the year with stitches, then getting injured in my knees a few weeks later, which lasted around seven months (plus an

Manila Times BusinessAug 24, 2026

Ogilvy elevates content creation to sustainable business management at Creator Camp 2026

OGILVY Manila hosted the third annual edition of Ogilvy Creator Camp, welcoming leading and emerging digital creators for a full-day program designed to elevate content creation into sustainable business management, at the agency’s headquarters in Rockwell, Makati City, on Aug. 20, 2026. Building on the foundation laid in previous years, Creator Camp 2026 focused on empowering creators to transition from content producers to CEOs of their own personal brands. The program provided practical

Manila Times BusinessAug 24, 2026

‘Saudel’ could turn into super typhoon

TYPHOON Saudel could turn into a super typhoon before it enters the Philippine Area of Responsibility (PAR) today, Aug. 24, the Philippine Atmospheric, Geophysical and Astronomical Services (Pagasa) said on Sunday. Based on its latest forecast track, “Saudel” could intensify and reach super typhoon category before it enters the country. The storm is not expected to make landfall and will exit PAR on Tuesday, Pagasa said. The Department of Social Welfare and Development’s (DSWD)

Manila Times BusinessAug 24, 2026

Trump’s war on the International Criminal Court

Trump sent in his troops to Venezuela, plucked a duly elected president from his seat, then deposited him in a US jail. Netanyahu and Trump together fired at Iran, claiming that its uranium-enrichment program was an existential threat and that they were exercising the right of “preemptive strike.” The world is still reeling from the fallout of that conflict that Trump apparently does not know how to end. China will not desist in causing mayhem in its border with India even as it pers

BusinessWorldAug 24, 2026

Indonesia’s TransNusa seeks PHL flight permit

INDONESIA’S TransNusa is seeking regulatory approval to operate scheduled international flights to and from the Philippines, according to the Civil Aeronautics Board (CAB). In a notice of hearing dated July 29, the CAB said PT TransNusa Aviation Mandiri had filed a petition for the issuance of a foreign air carrier’s permit to operate scheduled international […]

Manila Times BusinessAug 24, 2026

Asia’s scam centers turn dreams into nightmares

FIRST of two parts THE promise usually begins with a simple online message. A high-paying call center job in Thailand. A customer service position in Malaysia. A crypto company in Dubai offering salaries far higher than what many Filipinos earn at home. For hundreds of Filipinos desperate for better opportunities abroad, the offers appeared legitimate. But for many, the journey ended inside heavily guarded scam compounds in Myanmar, Laos, and Cambodia — where victims said they were beaten,

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