Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2342 articles from BusinessWorld
Mayabang nga ba tayo?
There is an important economic point in Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona, Jr.’s recent explanation of the peso’s weakness that should not be dismissed.
Read more →ACEN unit to supply renewable power to ACS Manufacturing plants
AYALA-LED ACEN CORP. said its retail electricity unit has signed a power supply agreement with ACS Manufacturing Corp. to provide renewable energy to two of the consumer goods maker’s manufacturing facilities in Laguna. ACEN RES, the retail electricity arm of ACEN, will supply the facilities with 100% renewable energy, the company said. The arrangement is […]
Read more →China forces fire multiple flares at unarmed PCG aircraft over Spratlys
A PHILIPPINE Coast Guard (PCG) aircraft conducting a maritime domain awareness flight over the Spratly Islands in the South China Sea was targeted with multiple flares fired by Chinese forces on Sept. 7, the PCG said on Thursday, calling the incident a threat to flight safety. The unarmed aircraft was challenged over the radio by […]
Read more →Analysts urge evidence for judicial misconduct
CLAIMS of judicial misconduct should be tested through the records and legal reasoning of specific cases rather than inferred from the number of appellate reversals, analysts said, as the Supreme Court (SC) called for evidence to support allegations against the Judiciary.
Read more →Justice dep’t says VP Sara has no immunity from suit
THE Department of Justice (DoJ) said Vice-President (VP) Sara Duterte-Carpio has no immunity from suit, noting that such protection applies only to the President under Philippine law and jurisprudence. “The Vice-President in this particular case has no immunity from suit,” Justice Secretary Fredderick A. Vida told a news briefing on Thursday, referring to Ms. Duterte’s […]
Read more →Senate court taps retired justices
THE Senate impeachment court on Thursday confirmed the participation of four retired chief and associate justices to clarify the earlier ruling that upheld the 16-vote requirement for Vice-President Sara Duterte-Carpio’s conviction amid the suspension and absence of some senators. Impeachment court spokesperson Reginald Tongol said they have secured the participation of Retired Chief Justices Artemio […]
Read more →BI: Cayetano siblings left PHL
THE Bureau of Immigration (BI) confirmed on Thursdsy that Senate Minority Leader Alan Peter S. Cayetano and sibling Senator Pilar Juliana “Pia” S. Cayetano left the country following reports of the two being spotted at the Ninoy Aquino International Airport on Sept. 9. “Based on BI records, there were no hold departure orders or derogatory […]
Read more →CoA questions P19-M DoLE receipts
STATE AUDITORS have flagged the Department of Labor and Employment (DoLE) over the collection of P19.3 million in registration fees using unauthorized official receipts, warning that the scheme may constitute criminal falsification of public documents under the Revised Penal Code. In its annual audit report, the Commission on Audit (CoA) disclosed that 193 Certificates of […]
Read more →Senate panel OKs P86-B Judiciary budget
A SENATE Committee on Finance subcommittee on Thursday approved the proposed P86.27-billion budget of the Judiciary for 2027, with senators seeking faster case processing and fewer backlogs. Senator Francis Pancratius “Kiko” N. Pangilinan, who chairs the subpanel, said the Judiciary must use the funds to address delays in case disposition and improve public access to […]
Read more →Filipino life expectancy at birth improves in 2020-2035
LIFE EXPECTANCY at birth among Filipinos continued to rise, with those born in 2026 projected to live 68.05 years for males and 74.60 years for females, according to preliminary data from the Philippine Statistics Authority (PSA). The figures improved from 67.77 years for males and 74.31 years for females for those born in 2025, and […]
Read more →Recto urges setting up schools near manufacturing hubs
EXECUTIVE Secretary Ralph G. Recto urged the government and economic estate developers to put up schools inside or near manufacturing hubs to train workers for industries expanding in those areas and narrow the gap between education and employment. The move would help ensure companies have access to skilled workers as the Philippines seeks to attract […]
Read more →Senate committee questions DILG’s proposed P22-billion budget increase
THE Senate Committee on Finance on Thursday questioned the Department of the Interior and Local Government’s (DILG) proposed P332.5-billion budget for 2027, P22 billion higher than the agency’s budget this year. Secretary of Interior and Local Government Juanito Victor C. Remulla explained the additional budget will boost their emergency response to calls received by the […]
Read more →Quiboloy urged to face trafficking, abuse cases
THREE lawmakers accused by embattled preacher Apollo S. Quiboloy of cyberlibel urged him to face cases tied to human trafficking, sexual, and child abuse, calling his charges a “misdirection” of the issue. “There is no crime in our desire for justice to prevail. Let us not waste government resources on this baseless case. They should […]
Read more →MPIF, Alaminos launch mangrove rehab project
METRO Pacific Investments Foundation (MPIF), the social development arm of Metro Pacific Investments Corp., partnered with the Alaminos City government to restore a storm-damaged portion of the 8.17-hectare Bued Mangrove Eco-Park. MPIF President Melody M. del Rosario and Alaminos City Mayor Arth Bryan C. Celeste formalized the partnership under a memorandum of agreement (MoA), launching […]
Read more →P31B earmarked for 65,000 teaching posts next year
THE Department of Budget and Management (DBM) said P31.2 billion has been allocated under the proposed 2027 National Expenditure Program (NEP) to fill 64,530 vacant teaching positions in public schools. The DBM said there were 31,614 vacant teaching positions when the 2026 budget was filed, while it approved the creation of 32,916 additional teaching positions […]
Read more →Schools told to integrate indigenous knowledge, practices
A LAWMAKER on Thursday urged schools across the country to integrate indigenous knowledge and practices into their curricula to help preserve cultural traditions and ensure their transmission to younger generations. In a statement, Party-list Rep. Menchie B. Bernos, vice-chairperson of the House Committee on Indigenous Cultural Communities and Indigenous Peoples, cited the integration of traditional […]
Read more →ADB to extend financing for UPLIFT subsidy, aid program
THE Asian Development Bank (ADB) could extend part of its P1.75-billion loan that filled the budget gaps arising from the government’s Unified Package for Livelihoods, Industry, Food, and Transport (UPLIFT) Program. “It’s a totally new facility specifically to address the budget gaps that have resulted from the Middle East crisis and the UPLIFT program of […]
Read more →US to support NAIA modernization, aiming for TSA-level security norms
THE US has signed on to provide technical assistance for the modernization of security at the Ninoy Aquino International Airport (NAIA), the US Trade and Development Agency (USTDA) said. In a statement, the USTDA said it signed an agreement with the New NAIA Infra Corp. (NNIC) to improve security screening infrastructure at NAIA. The USTDA […]
Read more →Manulife IM sees weak peso dampening sentiment
MANULIFE Investment Management and Trust Corp. (Manulife IM) expects the peso’s weakness to weigh on investor sentiment for companies earning revenue in the domestic currency. “Investors tend to react negatively to peso weakness because it affects both market returns and underlying fundamentals of companies. Falling share prices can be compounded by FX (foreign exchange) losses, […]
Read more →India singled out as potential ASEAN food-security partner
STRONGER COOPERATION between the Association of Southeast Asian Nations (ASEAN) and India has the potential to address food security concerns affecting both sides, Agriculture Secretary Francisco P. Tiu Laurel, Jr. said. Mr. Laurel issued the statement while attending the ninth ASEAN-India Ministerial Meeting on Agriculture and Forestry in New Delhi, where ministers and senior officials […]
Read more →Palm oil expansion seen reducing imports, supplying RE feedstock
AN EXPANSION in palm oil plantations will reduce import dependence and supply feedstock for clean energy projects, the Department of Agriculture (DA) said. Agriculture Secretary Francisco P. Tiu Laurel, Jr. told a House of Representatives budget hearing this week that the government needs to fund an increase in palm oil production, noting that imports currently […]
Read more →29 co-ops sign power deals with AboitizPower, SMGP, First Gen
TWENTY-NINE electric cooperatives (ECs) in Luzon and the Visayas signed power supply deals with generators belonging to the Aboitiz Power Corp. (AboitizPower), San Miguel Global Power Holding Corp. (SMGP) and First Gen groups, according to the National Electrification Administration (NEA). In a statement on Thursday, the NEA said the Luzon and Visayas Electric Cooperatives Aggregation […]
Read more →Order fiber WiFi like food delivery: GFiber Prepaid expands WiFi-on-demand via GrabMart to Metro Manila, Cebu, Davao
Getting fiber internet at home can now be as easy as ordering food delivery. Globe AT HOME and Grab are expanding the country’s first order-and-install WiFi-on-demand model to more customers across Metro Manila, Cebu and Davao. Following its initial rollout in Pasig, GFiber Prepaid on GrabMart is now available in more cities, allowing households to […]
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