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Philippines Business News

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

10026 articles across all sources

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Manila Times BusinessAug 10, 2026

Tyson Foods, Inc. Announces Debt Tender Offers

SPRINGDALE, Ark., Aug. 10, 2026 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (the "Company” or "we”) (NYSE: TSN) announced today that it is offering to purchase for cash each series (each, a "Series”) of the notes issued by the Company listed in the following table (the "Notes”) (i) in accordance with, and in the order of, the corresponding Acceptance Priority Levels (as defined below) and (ii) subject to the Maximum Tender Cap (as defined below), the 2027 Tender Sub-Cap (as defined below), the 5.400%

BusinessWorldAug 10, 2026

Flood projects to return in next year’s budget amid rains; full audit sought

GOVERNMENT flood management and mitigation projects will return to the national budget in 2027 as the Philippines grapples with widespread flooding caused by the southwest monsoon and tropical cyclones Luis and Maymay, officials said on Monday.

BusinessWorldAug 10, 2026

Analysts say flood probe turnover to Ombudsman practical but risks scrutiny

THE Senate’s decision to defer its investigation into the multibillion-peso flood control scandal to the Office of the Ombudsman is a practical move that could allow lawmakers to focus on legislation, but the probe remains vulnerable to political pressure and public scrutiny, analysts said.

BusinessWorldAug 10, 2026

PHL, US reaffirm alliance as treaty marks 75 years; America vows deterrence

THE Philippines and the US reaffirmed their commitment to boosting defense cooperation as they marked the 75th anniversary of their Mutual Defense Treaty (MDT), with both sides approving expanded military engagements for the coming year. US Pacific Command Commander Adm. Samuel J. Paparo and Armed Forces of the Philippines Chief of Staff Gen. Antonio G. […]

BusinessWorldAug 10, 2026

Pump prices set to fall by up to P4.88/L

MOTORISTS are expected to get relief at the pumps this week as fuel prices are set to decline by more than P4 per liter (L), according to the Department of Energy (DoE). In an advisory on Monday, the DoE said gasoline prices would fall by P4.70 per liter, diesel by P4.30 per liter and kerosene […]

BusinessWorldAug 10, 2026

Mindanao grid sees first red alert

THE Mindanao grid has recorded its first red alert this year, triggered by high forecasted demand, while the Visayas grid continued to suffer from low power supply, according to the National Grid Corp. of the Philippines (NGCP). In an advisory on Monday, NGCP raised both red and yellow alerts over the Visayas and Mindanao. The […]

BusinessWorldAug 10, 2026

2027 budget turnover set for Tuesday

THE Executive branch is set to turn over the proposed P7.2-trillion 2027 national spending plan to Congress on Tuesday, after President Ferdinand R. Marcos, Jr. received the proposal prepared by the Department of Budget and Management (DBM) on Monday. Budget Secretary Kim Robert C. de Leon formally submitted the 2027 National Expenditure Program (NEP) to […]

BusinessWorldAug 10, 2026

PhilHealth chief named DoH sec.

PRESIDENT Ferdinand R. Marcos, Jr. on Monday appointed Philippine Health Insurance Corp. (PhilHealth) chief Edwin M. Mercado as secretary of the Department of Health (DoH), replacing Jose Brittanio “Brix” S. Pujalte, Jr. “He stood as the president and CEO (chief executive officer) of PhilHealth, so Dr. Mercado knows what the President wants for our countrymen,” […]

BusinessWorldAug 10, 2026

Agri damage from monsoon tops P135M

THE enhanced southwest monsoon caused more than P135 million in agricultural losses, Agriculture Secretary Francisco P. Tiu Laurel, Jr. said on Monday. Speaking on One News’ Money Talks with Cathy Yang, Mr. Laurel said that over 6,000 families were affected and more than 4,500 hectares of farmland were damaged, with production losses exceeding 4,500 metric […]

BusinessWorldAug 10, 2026

PHL envoy backs Pax Silica, says neighboring countries want project

PHILIPPINE Ambassador to the US Jose Manuel “Babe” G. Romualdez on Monday backed the Pax Silica initiative amid criticisms on the proposed hub, saying that neighboring countries are prepared to take on the US-led project should the Philippines refuse it. At a media briefing after the Fireside Chat hosted by the Stratbase Institute, Mr. Romualdez […]

BusinessWorldAug 10, 2026

Semirara trims 400 jobs amid shift from coal

A TOTAL of 462 employees lost their jobs, the Semirara Mining and Power Corp. (SMPC) said, as uncertainty over securing a new contract to continue operations forced the company to cut its workforce. In a statement on Monday, SMPC said it filed a notice of redundancy with the Department of Labor and Employment, which affected […]

BusinessWorldAug 10, 2026

Marcos still reviewing US extradition request vs Quiboloy

PHILIPPINE President Ferdinand R. Marcos, Jr.’s decision whether to grant Washington’s request to extradite embattled preacher Apollo S. Quiboloy can be expected in a “couple of weeks” from now, the Palace said on Monday. “We spoke with the President himself earlier, and he said that this really needs to be studied carefully. But, in a […]

BusinessWorldAug 10, 2026

Co-op group opposes share voting as revised code clears House

A COOPERATIVE sector group on Monday called for the protection of democratic voting in cooperatives after the House of Representatives approved a measure revising the country’s Cooperative Code. In a statement, the Philippine Chamber of Cooperatives, Inc. described the passing of House Bill No. 9584, or the Revised Cooperative Code of the Philippines, on third […]

BusinessWorldAug 10, 2026

Part-time workers protection sought

A SENATOR has filed a bill amending the Labor Code of the Philippines to protect part-time workers and provide them benefits, including social security, security of tenure, and an income not lower than the basic minimum wage. Under the Senate Bill No. 2375 or the Part-Time Employment Act, Senate Committee on Labor, Employment and Human […]

BusinessWorldAug 10, 2026

More Cordillera residents hit as torrential rains persist

BAGUIO CITY — The number of people affected by torrential rains brought by the enhanced southwest monsoon and other weather systems continued to rise across the highland Cordillera region, with disaster response teams stepping up relief and rescue operations in several areas. The Cordillera Regional Disaster Risk Reduction and Management Council (RDRRMC), in its Monday […]

BusinessWorldAug 10, 2026

PSE index slips as weak GDP data dent sentiment

THE MAIN INDEX ended lower on Monday as cautious sentiment reigned following the Philippines’ weak second-quarter economic growth and continued uncertainty over the situation in the Strait of Hormuz. The Philippine Stock Exchange index (PSEi) slipped by 0.02% or 1.14 points to close at 6,289.21. Meanwhile, the broader all shares index edged up by 0.07% […]

BusinessWorldAug 10, 2026

Mitsubishi could export hybrids from Laguna plant

MITSUBISHI MOTORS Philippines Corp. (MMPC) said it is positioning its upcoming hybrid electric vehicle (HEV) production facility in Sta. Rosa, Laguna as a possible regional export hub. “We’d like to commit to this nation for a long time,” MMPC Chairman Noriaki Hirakata said at a briefing on Monday. “We could expand our business here because […]

BusinessWorldAug 10, 2026

PAGCOR reports 20.3% decline in 2nd quarter GGR

THE gambling industry’s gross gaming revenue (GGR) fell 20.3% in the second quarter, dragged down by a weaker electronic gaming segment, with sentiment dented by renewed tensions in the Middle East, the Philippine Amusement and Gaming Corp. (PAGCOR) said. On Monday, the gaming regulator reported GGR of P88.13 billion for the three months to June. […]

BusinessWorldAug 10, 2026

Agri trade deficit expected to widen — SINAG

THE Samahang Industriya ng Agrikultura (SINAG) said the agricultural trade deficit is expected to widen further in the next few months from the $1.06 billion posted in June. Citing the Philippine Statistics Authority (PSA), SINAG Executive Director Jayson H. Cainglet said record imports of rice, pork, and chicken this year could lead to the expansion […]

BusinessWorldAug 10, 2026

Inflation from tax cuts can be offset by raising output — DEPDev

THE Department of Economy, Planning, and Development (DEPDev) said any inflationary effects of the proposed Promoting Growth, Revenue, and Equity towards Socio-economic Sustainability (ProGRESS) tax package can be neutralized if households have sufficient goods to purchase.

BusinessWorldAug 10, 2026

Chipmakers tout Pax Silica as opportunity to upgrade industry

THE Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said the proposed artificial intelligence (AI)-native hub in Central Luzon being built under the Pax Silica initiative represents an opportunity to break into advanced manufacturing and other higher-level activities In a statement, the group said Philippine participation in Pax Silica is a “strategic opportunity […]

BusinessWorld EconomyAug 10, 2026

House panel passes higher tax-free income threshold, small-business MCIT removal

THE House of Representatives Committee on Ways and Means approved measures raising the income threshold eligible for tax-free treatment to P350,000 from P250,000 and discontinuing the 2% minimum corporate income tax (MCIT) for micro and small businesses. House Bill (HB) No. 10345 seeks to amend Section 24 of the National Internal Revenue Code by restructuring […]

BusinessWorld EconomyAug 10, 2026

PHL obtains $600-M healthcare grant from US

THE PHILIPPINES obtained a $600-million grant from the US to expand access to quality healthcare and strengthen the system’s resilience against public health threats, the Department of Finance (DoF) said. In a statement on Monday, the DoF said the Strategic Objective Grant Agreement (SOAG) for Integrated and Sustainable Health Systems in the Philippines supports efforts […]

BusinessWorld EconomyAug 10, 2026

PCCI urges immediate signing of JAO to address port congestion, high logistics costs

THE Philippine Chamber of Commerce and Industry (PCCI) called for the immediate signing of the joint administrative order (JAO) that will establish a framework to help ease port congestion and regulate cargo handling charges. In a statement on Monday, the PCCI said the JAO will address the high logistics costs, non-transparent ancillary charges, and recurring […]

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