Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
10033 articles across all sources
Prosecutors defend CoA witness’ answers in VP trial
HOUSE of Representatives prosecutors on Thursday defended the answers of their first Commission on Audit (CoA) witness, saying his responses to senator-judges’ questions on the government’s auditing system were grounded in existing rules during the impeachment trial of Vice-President (VP) Sara Duterte-Carpio.
Read more →Data centers may strain PHL power supply
THE Philippines’ expanding data center industry could strain electricity supply and push up power costs as facilities require massive amounts of energy, the Philippine Energy Efficiency Alliance, Inc. (PE2) said. “The clustering of data centers poses a major threat to the affordability of electricity prices as they quickly demand new grid capacity upgrades,” PE2 President […]
Read more →Marcos seeks RPVARA suspension
PRESIDENT Ferdinand R. Marcos, Jr. has asked Congress to suspend the implementation of the Real Property Valuation and Assessment Reform Act (RPVARA), Malacañang said on Thursday. Palace Press Officer Clarissa A. Castro told reporters via Viber that the proposed suspension of Republic Act No. 12001, which was discussed during the fourth Legislative-Executive Development Advisory Council […]
Read more →Jeepney fare hike still suspended
THE Department of Transportation (DoTr) on Thursday said the jeepney fare hike approved in March would remain suspended despite rising fuel prices. Acting Transportation Secretary Giovanni Z. Lopez said the government is instead providing relief through a fuel discount of P12 per liter for public utility jeepneys and UV Express vehicles starting Aug. 15, which […]
Read more →DICT seeks P18-B budget in 2027
THE Department of Information and Communications Technology (DICT) is seeking a budget of P18 billion for 2027 to expand digital services and connectivity programs, including e-government infrastructure, cybersecurity and artificial intelligence. The agency has proposed P2.7 billion for e-government programs covering cloud hosting, cybersecurity and system integration for the eGov app. DICT said integrating government […]
Read more →Another system loss bill filed
A PARTY-LIST lawmaker has filed another bill that seeks to remove system loss charges from electricity bills and require distribution utilities to absorb the costs. House Bill No. 10585, filed by Party-list Rep. Jose Manuel Tadeo “Chel” I. Diokno and three other lawmakers, seeks to amend the Electric Power Industry Reform Act and boost accountability […]
Read more →Health chief denies TB delay case
HEALTH Secretary Jose Brittanio “Brix” S. Pujalte, Jr. denied allegations that he deliberately delayed the P3-billion procurement of anti-tuberculosis drugs and said he would cooperate with an Ombudsman investigation. Mr. Pujalte said the procurement requires careful review to verify the quantity, quality and safety of medicines and ensure compliance with government rules. An 18-page complaint […]
Read more →DepEd gets teaching leeway now
REPUBLIC ACT No. 12322 has lapsed into law, giving the Department of Education (DepEd) greater authority to determine teaching methods aimed at ensuring students master lessons before advancing to the next grade. Approved on Aug. 2, the measure amends the Enhanced Basic Education Act of 2013 and removes some rigid prescriptions on curriculum development. Under […]
Read more →DepEd unveils ARAL TutorKo app
THE Department of Education (DepEd) launched ARAL TutorKo, a web-based platform designed to streamline tutor recruitment and management under its Academic Recovery and Accessible Learning Program. Developed with Thames International, Inc. and LearnTalk Ltd., the platform provides tools for tutor applications, onboarding, deployment, lesson management, learner grouping, attendance and session tracking. DepEd targets 440,000 tutors […]
Read more →BCDA, Capas advance Pax plans
PLANS for the proposed Pax Silica innovation ecosystem in New Clark City are advancing through consultations between the Bases Conversion and Development Authority (BCDA) and the Capas, Tarlac local government, Malacañang said on Thursday. The BCDA outlined plans for the proposed hub to attract advanced industries and high-value investments while creating jobs and opportunities for […]
Read more →PSEi slips further before PHL GDP data release
THE MAIN INDEX extended its decline on Thursday as investors preferred to take a cautious stance before the release of the latest Philippine gross domestic product (GDP) data. The Philippine Stock Exchange index (PSEi) slipped by 0.13% or 8.36 points to close at 6,277.95. Meanwhile, the broader all shares index edged up by 0.02% or […]
Read more →BCDA welcomes opportunity to address Pax Silica concerns
THE Bases Conversion and Development Authority (BCDA) said it will address concerns raised over the Philippines’ participation in the Washington-led Pax Silica initiative. “We assure that we will address all the concerns of all stakeholders,” BCDA President and Chief Executive Officer Joshua M. Bingcang told reporters on the sidelines of an event on Thursday. “It’s […]
Read more →ERC readies pricing scheme for this year’s gas auction
THE Energy Regulatory Commission (ERC) said it is preparing the pricing scheme for the government’s planned auction this year dedicated to gas-fired power plants. In a draft resolution, the ERC said it is seeking to establish a gas price benchmarking technology that will outline limitations and price caps on allowable pass-through charges to consumers. These […]
Read more →Congress urged to focus budget on boosting manufacturing, infra, energy
CONGRESS should use its deliberations on the proposed P7.2-trillion national budget for 2027 to prioritize reforms that strengthen manufacturing and support investments in infrastructure, energy security, digital transformation, education and workforce development, analysts said. The Department of Budget and Management (DBM) is scheduled to turn over the proposed budget to Congress by Aug. 14. Under […]
Read more →Factory output growth accelerates in June
FACTORY OUTPUT growth accelerated to 10.1% in June, driven by stronger production of refined petroleum, food products and transport equipment, the Philippine Statistics Authority (PSA) said. However, analysts said sustaining double-digit growth might be difficult amid weaker global demand, higher US tariffs, geopolitical tensions, foreign exchange rate volatility, and elevated input and energy costs. Citing […]
Read more →Retail industry projecting single-digit growth this year
THE retail industry is expected to grow by the single digits this year as companies stay “cautiously optimistic” despite global headwinds, the Philippine Retailers Association (PRA) said. “As an industry, (we expect) probably single-digit growth,” PRA President Alice T. Liu told reporters on the sidelines of the 32nd National Retail Conference and Expo on Thursday. […]
Read more →Spot power prices ease in July due to softening demand
ELECTRICITY PRICES on the spot market fell in July as demand softened against ample supply, according to the Independent Electricity Market Operator of the Philippines (IEMOP). IEMOP said the average power rate on the Wholesale Electricity Spot Market (WESM) dropped 13.1% month on month to P8.31 per kilowatt-hour (kWh). IEMOP manages the WESM, where power […]
Read more →Swiss Chamber targets more PHL exports to Switzerland
THE Swiss Chamber of Commerce of the Philippines said it is exploring opportunities to export more Philippine-made products to Switzerland. “I think there’s far more exports from Switzerland to the Philippines than from the Philippines to Switzerland,” SwissCham Philippines Chairman Felix Fiechter told reporters on the sidelines of an event earlier this week. “The Chamber […]
Read more →‘Kasama Mo Mangarap’: Empowering Filipinos through accessible digital finance
The sixth installment of GCash Stories gathered key media partners, content creators, and corporate stakeholders at the Maybank Performing Arts Theater in Bonifacio Global City, Taguig showcasing how digital finance products like GLoan are transforming lives across the country. Organized by GCash and Fuse Financing, the event highlighted how perseverance, responsible borrowing, and accessible financial […]
Read more →Regulatory announcement no 19: Reporting of transactions made by persons discharging managerial responsibilities and their closely associated persons in InstallatørGruppen's shares
Pursuant to the Market Abuse Regulation (EU) no. 596/2014, as amended, article 19, InstallatørGruppen A/S ("InstallatørGruppen”) hereby notifies receipt of information of a transaction made by the following person discharging managerial responsibilities in InstallatørGruppen and their closely associated persons in InstallatørGruppen’s shares: Absalon Holdings Limited (legal person closely associated to board members, Christian Erik Bering Jelsbech and Eskil Gundersen Koffeld) Please see the atta
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