Philippines Business News
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2342 articles from BusinessWorld
Senate court to weigh Duterte vote threshold
THE Senate impeachment court will hear oral arguments on the voting threshold for convicting Vice-President Sara Duterte-Carpio as the House of Representatives prosecution panel dropped its remaining 15 witnesses on Tuesday, shortening her impeachment trial.
Read more →Teodoro slams China over SCS
PHILIPPINE Defense Secretary Gilberto C. Teodoro, Jr. on Tuesday denounced China after he received a note in the middle of an international forum reiterating Beijing’s refusal to acknowledge the 2016 South China Sea (SCS) arbitral ruling. In a video posted on the Department of National Defense’s Facebook page, Mr. Teodoro read aloud a note handed […]
Read more →Bill postponing youth, village polls gets final House nod
THE House of Representatives on Tuesday approved on third and final reading a proposal to postpone the 2026 youth and village polls to 2028 and extend term of office to five years. With 211 affirmative votes, 13 negative and one abstention, the chamber passed House Bill No. 10971, amending Republic Act No. 12232 by postponing […]
Read more →Agri losses from bad weather hit P4B
AGRICULTURAL damage caused by Tropical Cyclones Luis, Maymay, Neneng, and Pilandok, as well as the enhanced southwest monsoon (habagat) reached P4.38 billion, according to final estimates by the Department of Agriculture’s (DA) disaster unit. In a bulletin released on Tuesday, the DA-Disaster Risk Reduction and Management Operations Center said that thorough assessment by the department’s […]
Read more →San Simon lanes on NLEX now open
NLEX CORP., operator of the North Luzon Expressway (NLEX), announced that all lanes at the San Simon Interchange and Tulaoc are now open after flood mitigation measures restored access previously blocked by flooding. “NLEX remains committed to working closely with its partners to help ensure the safety and accessibility of not just its motorists, but […]
Read more →House clears 25-year franchise for Newsounds Broadcasting
THE House of Representatives on Tuesday approved a bill renewing Newsounds Broadcasting Network, Inc. for 25 years on third and final reading. With a vote of 214 yes, zero against, and two abstentions, the chamber passed House Bill No. 10208, granting the broadcast firm continued authority to construct, install, establish, and operate commercial radio and […]
Read more →DMW repatriates 14 seafarers after Hormuz attack
THE Department of Migrant Workers (DMW) said 14 Filipino seafarers who survived the attacks in the Strait of Hormuz are set to arrive in Manila on Tuesday evening. In a livestreamed press briefing on Tuesday, Migrant Workers Secretary Hans Leo J. Cacdac said the 14 Filipino seafarers working at a Saudi-flagged vessel are expected to […]
Read more →Ten-year plan launched to improve ASEAN Heritage Parks
THE Department of Environment and Natural Resources (DENR) and the ASEAN Centre for Biodiversity (ACB) launched a ten-year strategic roadmap to improve the management, protection, and conservation of natural parks across member states of the Association of Southeast Asian Nations (ASEAN), known as ASEAN Heritage Parks (AHPs). The framework, named the AHP Regional Action Plan […]
Read more →SSS LoanLite now available on UnionDigital app
THE SOCIAL Security System’s (SSS) LoanLite is now available on the mobile app of UnionDigital Bank, Inc. (UD) as the state pension fund expands the distribution of its micro loan program. “Qualified members can now apply through the UnionDigital Bank mobile application, making access to short-term financial assistance more convenient and secure,” SSS President and […]
Read more →Over 24M Filipinos used national ID to set up GCash
OVER 24 million Filipinos used Philippine Identification System ID or the national ID to open accounts in e-wallet platform GCash, the Philippine Statistics Authority (PSA) said. “Bringing national ID and GCash registration services directly to barangays helps remove barriers to access, providing unbanked families with a trusted means of identification and easier access to essential […]
Read more →BI arrests four Chinese nationals in Muntinlupa cyber fraud raid
THE Bureau of Immigration (BI) arrested four Chinese nationals allegedly involved in cyber fraud during an operation targeting suspected Philippine Offshore Gaming Operator (POGO)-related activities in Muntinlupa City. The operation, conducted on Sept. 4, followed intelligence monitoring of reports on continuing POGO-related activities on Montillano Street in Alabang, BI said in a statement on Tuesday. […]
Read more →AMLC to forfeit 10 drug-linked bank accounts
THE Anti-Money Laundering Council (AMLC) has secured a court order authorizing the forfeiture of 10 bank accounts previously used in illegal drug trafficking operations, the financial intelligence unit said. In a statement on Tuesday, the AMLC said the Manila Regional Trial Court (RTC) issued the order on Aug. 24, allowing them to forfeit the bank […]
Read more →Higher honoraria for election workers sought
A LAWMAKER on Tuesday pushed for higher honoraria for teachers and other election workers, saying their compensation should reflect the long hours and difficult conditions they face during elections. In a statement, Party-list Rep. Antonio L. Tinio pressed the Commission on Elections (Comelec) to formally commit to increasing the honoraria of election workers during the […]
Read more →Growing cash aid reliance questioned
SOCIAL Welfare Secretary Rexlon T. Gatchalian on Tuesday defended the government’s expanding cash assistance programs, saying the increase in subsidies’ budget reflects the need to protect vulnerable families from economic and other shocks rather than a failure of its poverty alleviation strategy. Mr. Gatchalian made the remarks during a House of Representatives Appropriations Committee hearing […]
Read more →BPOs to pitch for GCC business to support $50.5-B revenue goal
THE IT and Business Process Association of the Philippines (IBPAP) said it launched with industry partners a coalition that will invite foreign companies to locate their global capability centers (GCCs) in the Philippines. In a statement, it said the collaborative effort is expected to help the IBPAP reach its “best-case” forecast of $50.5 billion in […]
Read more →More European firms indicate interest in expanding Philippine operations, survey shows
MORE European Union (EU) firms expressed interest in expanding their Philippine operations this year, though the 43% share of such firms underperformed relative to Southeast Asia, according to a survey conducted by the EU-ASEAN Business Council (EU-ABC). The EU-ABC said its 12th Business Sentiment Survey found that the companies signaling their Philippine expansion plans surpassed […]
Read more →Philippine CEOs still confident despite risks
MOST Philippine chief executive officers (CEOs) remained upbeat about the business outlook over the next 12 months and expect revenue growth despite geopolitical uncertainty and technological disruption, a survey showed.
Read more →Inflation likely to stay elevated until 2027 amid sticky price pressures
MAYBANK INVESTMENT BANK and United Kingdom-based think tank Pantheon Macroeconomics have raised their Philippine inflation forecasts until next year amid sticky food and oil prices. In a Sept. 4 report, Maybank said it now sees inflation accelerating to 5.5% this year from its prior 5.3% estimate, and to 5.1% next year from 4.9% previously, driven […]
Read more →ADB says 3.8% GDP growth for Philippines still possible this year
THE PHILIPPINES could still achieve at least 3.8% economic growth this year but would need “significant acceleration” in government spending and a recovery in household consumption, the Asian Development Bank (ADB) said.
Read more →Weak peso seen doing more harm to Philippine economy than good
THE PHILIPPINE ECONOMY is likely to see more harm than benefit from the peso’s depreciation against the dollar, as recent exchange rate volatility adds to inflationary pressures, the financial data analytics arm of S&P Global said.
Read more →Edjop presents the legacy of a Martial Law revolutionary
THIS SEPTEMBER, Edjop, a biopic about student leader-turned-activist Edgar Jopson, is set to offer a ray of hope to the youth movement in the Philippines, at a time of rampant corruption, apathy, and disillusionment. Produced by Open Water Productions and Origin8media Corp., the film is directed by Katski Flores and co-written by Ms. Flores and […]
Read more →Coming toon
I SAW Dave Green’s Coyote vs. Acme and — surprise surprise! — liked it.
Read more →Brocka’s outcry against the hypocrisies of Philippine society
FILM RESTORATION brings back stories from the past that the youth of today can no longer access otherwise, and has thus become the theme of this year’s Philippine Film Industry Month, in time for the 50th anniversary of the Second Golden Age of Philippine Cinema.
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