Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2342 articles from BusinessWorld
Senate creates committee to tackle economic slowdown, rising living costs
THE Senate on Monday adopted a resolution creating a special committee tasked with proposing measures to address the…
Read more →OWWA’s P1.4-B land purchase flagged
THE Commission on Audit (CoA) flagged the Overseas Workers Welfare Administration (OWWA) for acquiring P1.42 billion worth of…
Read more →SC to change detention rules amid jail congestion
THE SUPREME COURT (SC) is amending its rules on detention and release to allow options such as house…
Read more →No Filipino hurt in Riyadh attacks
THE Department of Migrant Workers (DMW) on Monday confirmed that no Filipinos have been affected after Saudi Arabia’s…
Read more →Senate OKs bills for child safety
THE SENATE on Monday approved on third and final reading two key measures strengthening protection of children both…
Read more →Budget cuts may delay CoA upgrades
A LAWMAKER on Monday flagged cuts to the proposed 2027 budget of the Commission on Audit (CoA), saying…
Read more →DMW draws heat for high percentage of non-permanent employees
SENATOR Emmanuel Joel J. Villanueva on Monday questioned the Department of Migrant Workers (DMW) over the high percentage…
Read more →Senate OKs 2 int’l agreements
THE SENATE on Monday approved two resolutions concurring in the ratification of two international agreements, one on the…
Read more →PSA: Conflict disrupted Nat’l ID registration of Filipinos in ME
THE PHILIPPINE Statistics Authority (PSA) said the Middle East (ME) conflict has hampered efforts to register overseas Filipinos…
Read more →Franchise renewal of 2 Visayas power firms advances in Senate
THE SENATE on Monday approved separate proposals for the renewal of the franchise of the Visayan Electric Co.…
Read more →Robredo defends P500-M grant for Naga coliseum
NAGA CITY Mayor and former Vice-President Maria Leonor “Leni” G. Robredo on Monday said the P500-million allocation from…
Read more →BI intercepts Filipina in suspected surrogacy trafficking case
THE BUREAU of Immigration (BI) intercepted a Filipino woman at the Ninoy Aquino International Airport (NAIA) who was…
Read more →NIA, Aparri LGU fast-track land acquisition for irrigation expansion
TUGUEGARAO CITY, Cagayan — The National Irrigation Administration (NIA) in Cagayan Valley and the Aparri local government unit…
Read more →DICT backs franchise approval pathway for social media firms
By Ashley Erika O. Jose, Reporter THE Department of Information and Communications Technology (DICT) said it supports Congressional…
Read more →Physical Intelligence registers with PEZA, plans to build ‘data factory’
THE Philippine Economic Zone Authority (PEZA) said it registered artificial intelligence (AI) research firm Physical Intelligence, Inc. (PII)…
Read more →MCIA 25-year contract extension wins council approval, DoTr says
THE concession agreement of the Mactan-Cebu International Airport (MCIA) has won a key government council’s approval for a…
Read more →Al-Amanah Bank targets MSMEs for financing to boost halal industry
AL-AMANAH Islamic Investment Bank of the Philippines said it is looking to provide capital to micro, small and…
Read more →Mango industry reorganized, Mitsui tapped to boost exports
THE Department of Agriculture (DA) said on Monday that it consolidated 40 mango growers’ associations to maximize their…
Read more →BoP gap shrinks to $596M in August
THE PHILIPPINES’ balance of payments (BoP) deficit narrowed in August as sustained dollar inflows partly offset a higher import bill driven by elevated global oil prices, the Bangko Sentral ng Pilipinas (BSP) said.
Read more →DoF open to imposing direct tax on Philippines’ richest
THE DEPARTMENT of Finance (DoF) is open to proposals to impose a direct tax on wealthy individuals, as long as the measure can be effectively implemented.
Read more →Rising consumer loans driving banks’ NPL provisioning — BSP
PHILIPPINE BANKS’ higher provisioning for nonperforming loans (NPL) is largely driven by rising consumer loans, rather than systemic stress across the sector, the Bangko Sentral ng Pilipinas (BSP) said.
Read more →Philippine big banks’ Q2 asset growth fastest in nearly 2 years
THE COMBINED ASSETS of the Philippines’ biggest banks grew at the fastest pace in nearly two years in the second quarter, despite uncertainty stemming from the Middle East war.
Read more →First Gen plans up to P160 billion in five-year renewable energy spending
LOPEZ-LED First Gen Corp. plans to spend up to P160 billion over the next five years on renewable energy projects, with most of the planned investment earmarked for hydropower and geothermal projects. First Gen President and Chief Operating Officer Francis Giles B. Puno said the company plans to allocate around P60 billion for hydropower projects […]
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