Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2342 articles from BusinessWorld
DFA: Israeli settlement plan threatens peace
ISRAEL’S ADVANCEMENT of its E1 settlement plan and rising settler violence in the West Bank threaten prospects for a Palestinian state and a broader Middle East peace settlement, the Department of Foreign Affairs (DFA) said on Thursday. The DFA called on all parties to refrain from actions that could undermine the possibility of establishing a […]
Read more →Dynasty bill timeline up to Congress
PHILIPPINE legislators may have other pressing matters to attend to before they can advance a long-stalled anti-political dynasty bill, the Palace said, after the Supreme Court ordered Congress to pass such a law. Palace Press Officer Clarissa A. Castro on Thursday reiterated that President Ferdinand R. Marcos, Jr. considers the measure one of his priority […]
Read more →P14-B budget cut may weaken labor programs, analyst says
THE proposed P14.1-billion cut in the budget of the Department of Labor and Employment (DoLE) and its attached agencies could diminish the government’s capacity to provide labor and employment programs, particularly worker training and labor inspection, a labor economist said on Thursday. “The cut in DoLE’s appropriations will absolutely diminish its capacity to provide labor […]
Read more →Roblox open to appointing PHL representative
ROBLOX, an online gaming platform, is open to appointing a qualified third party as their local representative, Senator Ana Theresia “Risa” N. Hontiveros-Baraquel said on Thursday. In a statement, Ms. Hontiveros said she met with Roblox amid discussions to strengthen the Anti-Online Sexual Abuse and Exploitation bill, or SAGIP Bata Act. Under the bill, online […]
Read more →DoJ: Padilla case separate from ICC
THE Department of Justice (DoJ) said the obstruction of justice complaint against Senator Robinhood “Robin” C. Padilla is separate from any proceedings before the International Criminal Court (ICC). “The complaint that is now before the panel is filed by our Philippine National Police. So it is independent of and separate from any possible case or […]
Read more →Montenegro bans EVs on board
MONTENEGRO Shipping Lines, Inc. has banned all electric and hybrid vehicles to board its vessels across all routes following safety concerns after a recent fire incident. “In view of the recent maritime accident, wherein the initial investigation indicates that the explosion may have originated from an electric vehicle (EV). Management has decided to implement an […]
Read more →Emirates, OWWA team up for OFW support
DUBAI-BASED carrier Emirates has signed a memorandum of agreement with Overseas Workers Welfare Administration (OWWA) to provide support and repatriation assistance for overseas Filipino workers (OFW). “This collaboration extends beyond travel to recognizing the dedication of Overseas Filipino Workers and offering meaningful support to them and their families. We look forward to a successful collaboration […]
Read more →NIA pressed over additional P186-B budget request
SENATORS on Thursday pressed the National Irrigation Administration’s (NIA) for its proposed P186.42-billion additional budget amid unfinished utilization of the agency’s budget under the 2026 General Appropriations Act (GAA). During a Senate Finance Committee hearing on the 2027 budget, Administrator Eduardo Eddie G. Guillen explained that under the latest National Expenditure Program, only P47.43-billion has […]
Read more →Macacua poised to stay at BARMM helm
COTABATO CITY — Local executives across the Bangsamoro region are certain that their chief minister, Abdulraof A. Macacua, will remain as the figurehead of the 80-seat parliament via nomination during the first session of newly elected lawmakers. Mr. Macacua, president of the Bangsamoro Federalist Party (BFP), is presently functioning as parliament member and chief minister […]
Read more →DAR to resume e-Title distribution on Monday
THE Department of Agrarian Reform (DAR) on Thursday said it will resume distribution of electronic titles (e-Titles) to landowners on Sept. 21 after a senator flagged a slowdown in its distribution. Senator Francis Pancratius “Kiko” N. Pangilinan observed that, in 2025, the DAR distributed approximately 180,000 e-Titles, a document enabling landowners to secure land tenure […]
Read more →BuCor denies drone escape plot involving South Korean inmate
THE Bureau of Corrections (BuCor) said drones are unlikely to facilitate escapes from its correctional facilities, which are designated no-fly zones and monitored by guards and closed-circuit television systems. “All our Operating Prison and Penal Farms are no-fly zones, and we have watchtowers manned 24/7 which immediately alert our guards if there will be attempts […]
Read more →Taiwan official floats potential semiconductor tie-ups with PHL
THE PHILIPPINES could play a key role in rounding out Taiwan’s semiconductor supply chain, resulting in a major boost to two-way trade, a Taiwan official said.
Read more →User-safety dispute with Meta delays DICT budget hearing
THE Department of Information and Communications Technology (DICT) said it supports the decision by the House of Representatives to defer hearings on the department’s budget over unresolved safety issues with Meta Platforms, Inc. “The DICT fully understands and takes heed of the position of the House of Representatives leadership regarding the deferment of the Department’s […]
Read more →Energy exploration seen attracting up to $324M worth of investment
THE Philippines could generate up to $324 million worth of investment from energy service contracts, the Department of Energy (DoE) said. Energy Undersecretary Giovanni Carlo J. Bacordo said at a Senate budget hearing on Thursday that the potential investments are tied to the 14 contracts recently signed by President Ferdinand R. Marcos, Jr. This brings […]
Read more →PAGCOR sees Q3 GGR declining 9-10%
THE Philippine Amusement and Gaming Corp. (PAGCOR) said it expects third-quarter gross gaming revenue (GGR) to retreat to the mid-P80-billion range, and described the gaming market as “stabilizing.” “For GGR, maybe in the mid-80s for the third quarter,” PAGCOR Chairman and Chief Executive Officer Alejandro H. Tengco told reporters on the sidelines of an event […]
Read more →UMICs face steep climb to high-income tier, ADB think tank says
THE Philippines and other Asian upper-middle income countries (UMICs) face a difficult climb to high-income status due to geopolitical fragmentation, digital transformation, the rise of artificial intelligence (AI) and climate risks, the Asian Development Bank Institute (ADBI) said. “Our current and future challenges are totally different from what South Korea, Singapore, and Hong Kong at […]
Read more →New bid announced for MRT-7 consulting deal
THE Department of Transportation (DoTr) said it is set to rebid the P563.32-million engineering and consultancy and inspection contract for the Metro Rail Transit Line 7 (MRT-7) project. Bidders can submit proposals until Sept. 25, the DoTr said in a request for expression of interest issued on Thursday. The DoTr declared a failed bid on […]
Read more →Perfecting the fold: How Samsung refined the Galaxy foldables
Eight years can change the way people see a piece of technology. What once seemed unfamiliar can become part of everyday life, and features that once felt remarkable can eventually become expectations. That progression is particularly evident in mobile phones. Among these developments, foldable technology introduced a new possibility for a smartphone that could change […]
Read more →DOLE job fairs place 2,467 applicants in jobs
The Department of Labor and Employment (DOLE) said 2,467 jobseekers were hired on the spot during nationwide job fairs held on September 14 as part of President Ferdinand R. Marcos Jr.’s “Handog ng Pangulo 2026” initiative. The job fairs were held across 86 sites nationwide, where 1,352 employers offered 157,097 local and overseas vacancies, DOLE […]
Read more →Malnutrition costs PHL $8.5 billion yearly — World Bank advisor
Malnutrition costs the Philippine economy about $8.5 billion (P534.1 billion), equivalent to 3% of gross domestic product (GDP), each year, underscoring the economic case for greater investment in nutrition, according to a World Bank advisor. World Bank Senior Nutrition Advisor Cecilia Santos-Acuin said the cost of poor nutrition goes beyond individual health, affecting productivity, human […]
Read more →‘Super El Niño’ raises risks for PHL
By Justine Irish D. Tabile, Senior Reporter THE Philippines faces heightened economic risks from a potentially severe El Niño as a prolonged drought threatens agricultural production, food security, as well as water and energy supplies at a time when the government and households are still grappling with other external pressures. Shombi Sharp, deputy executive secretary […]
Read more →Gov’t cancels five-year FXTN offering
By Aaron Michael C. Sy, Reporter THE PHILIPPINE GOVERNMENT has canceled its planned issuance of new fixed-rate Treasury notes (FXTN) this month as borrowing costs surged and the peso further weakened. “Please be advised that the issuance of the five-year FXTN, as indicated in the schedule of Treasury bills and Treasury bonds issuances for the […]
Read more →New sin tax may drive prices of sugary drinks by around 30%
THE DEPARTMENT of Finance’s (DoF) proposal to hike taxes on sugary drinks, alcohol, and tobacco could raise prices of these products by around 30% and push inflation well beyond the central bank’s target ceiling in 2027, Chinabank Research said. In a report on Wednesday, Chinabank Research said the National Government’s (NG) proposed sin taxes, if […]
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