Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2358 articles from BusinessWorld
Manila Water’s new San Juan reservoir nears completion
EAST ZONE concessionaire Manila Water Co., Inc. is targeting to complete the replacement of its decades-old San Juan reservoir by yearend to boost water storage capacity for communities in Metro Manila. In a statement on Monday, the water service provider said the P970-million San Juan reservoir was 84% complete as of July and will be […]
Read more →Integrity in the Boardroom: Principle or Platitude?
Open almost any annual report across the Philippines and Southeast Asia, and one will inevitably find “integrity” listed among corporate values. It is universal, reassuring, and rarely questioned. Yet this raises a critical issue for boards in our region. Do we truly practice integrity, or has it become a word we are expected to include? […]
Read more →Peso ends higher after touching new low intraday
THE PESO edged higher against the dollar on Monday despite hitting a new record low intraday as the Middle East conflict continued to worsen. The currency inched up by 0.4 centavo to close at P62.586 versus the greenback from Friday’s record-low finish of P62.59, data from the Bankers Association of the Philippines’ website showed. The […]
Read more →PHL CFOs face gaps in key decision-making role — SGV
PHILIPPINE COMPANIES risk missing growth opportunities as many chief financial officers (CFOs) do not lead key investment and value-creation decisions, according to the latest EY Global DNA of the CFO survey. While 55% of Philippine CFO respondents believe they should be involved in value creation, only 23% actually lead key investment decisions, while 35% lead […]
Read more →High-value manufacturers drive industrial property expansion
INDUSTRIAL demand remained robust in the first half (H1) of 2026, led by semiconductor, food and beverage, and fast-moving consumer goods (FMCG) manufacturers seeking facilities with modern specifications and strategic access to ports and expressways amid rising fuel costs. Central Luzon will be a major contributor to new industrial space beyond 2026, and this should […]
Read more →Restoring trust: Taiwan’s rightful place in the free world
THE rules-based international order is under growing strain as authoritarian states seek to weaken its safeguards and reshape international rule to serve their own interests.
Read more →InLife expects to sustain strong growth in new business premiums
THE INSULAR Life Assurance Co. Ltd. (InLife) expects to sustain the double-digit growth in its new business annual premium equivalent (NBAPE) until next year as continued economic uncertainty could fuel demand for financial protection, its top official said. “We’re doing well. I think we will end the year around 40%… If you look at our […]
Read more →PH Resorts board clears transfer of PH Travel to Udenna
PH RESORTS Group Holdings, Inc. said its board has approved a proposed restructuring that would transfer its ownership in PH Travel and Leisure Holdings Corp. to parent company Udenna Corp. as part of efforts to simplify its corporate structure and strengthen its financial position. In a regulatory filing on Monday, PH Resorts said the restructuring […]
Read more →DepEd receives zero funding for new teachers in 2027
The Department of Education (DepEd) on Monday said it did not receive funding for new teachers for 2027 despite over 14,000 teacher shortages nationwide. “They gave us a lot this year, so maybe they think it’s already enough, but we have an appeal,” Education Secretary Juan Edgardo “Sonny” M. Angara told reporters in an interview. […]
Read more →PSA flags dead, child payees in VP Sara Duterte’s confidential fund transfers
A PHILIPPINE Statistics Authority (PSA) witness told the Senate impeachment court that civil registry records showed one listed recipient of Vice-President (VP) Sara Duterte-Carpio’s confidential funds was a two-month-old child who died in 1965, while other listed payees were also minors. Assistant National Statistician Marizza B. Grande confirmed the civil registry record during Monday’s impeachment […]
Read more →Pump prices jump by over P5 amid renewed Middle East war, peso weakness
MOTORISTS will face fuel price increases of more than P5 per liter this week as higher international oil prices due to the Iran war and a weaker peso raise the cost of petroleum imports. The Department of Energy (DoE) on Monday said gasoline prices would rise by P4.69 per liter, diesel by P5.18 and kerosene […]
Read more →House committee approves tighter online safeguards for children
A HOUSE of Representatives panel approved a measure that would impose stricter safety requirements on social media and interactive online gaming platforms to protect children from harmful content and interactions. The House Committee on Welfare of Children approved a substitute bill for the proposed Children’s Social Media and Online Gaming Safety Act, consolidating 41 measures. […]
Read more →Sandiganbayan orders Romualdez arrest
THE SANDIGANBAYAN on Monday ordered the arrest of former Speaker Ferdinand Martin G. Romualdez hours after he was charged with plunder over a P7.4-billion kickback scheme involving flood control projects. The anti-graft court’s Third Division also issued a hold-departure order against Mr. Romualdez, former Party-list Rep. Elizaldy “Zaldy” S. Co and two private individuals. The […]
Read more →VP accuses Palace of harassment
VICE-PRESIDENT (VP) Sara Duterte-Carpio accused the Marcos administration of subjecting her to political harassment, days after police served her a warrant of arrest for alleged grave threats. In a statement on Monday, Ms. Duterte said she had received information as early as 2024 about alleged plans by President Ferdinand R. Marcos, Jr. against her, including […]
Read more →Palace: Revenues enough for debt
THE government currently has sufficient revenues to finance its debt obligations as it seeks to manage rising borrowings through tax reforms and other fiscal measures, according to the Palace. “As of now, the debt involves long-term repayment. So, it does not have to be paid off immediately. Payments can be made in installments to cover […]
Read more →Senate OKs gov’t scholarship bill
THE Senate on Monday approved on third and final reading a measure that will institutionalize the Presidential Merit Scholarship Program (PSMP), aimed at providing academic and financial assistance to excellent senior high school students from financially constrained families. With 19 affirmative votes, the chamber passed Senate Bill No. 2410 mandating the subsumption of the existing […]
Read more →Gov’t moves to align education, industry amid skills gaps
THE GOVERNMENT is pushing for closer alignment between education and industry requirements as skills gaps threaten to leave workers unprepared for changing job opportunities, President Ferdinand R. Marcos, Jr. said on Monday. “The challenge before us is clear: As our industries evolve, we must ensure that our people are equipped to grow with them,” Mr. […]
Read more →Five treaties on tax, security, education get Senate nod
THE Senate on Monday approved on third and final reading five resolutions on the ratification and accession of international agreements on taxation, security, education, aviation, and criminal justice cooperation. The chamber concurred in the ratification of Senate Resolution No. 628 which eliminates the double taxation and aims to prevent fiscal evasion in relation to taxes […]
Read more →No injunction without bond, court admin says
A COURT administrator on Monday said that a preliminary injunction cannot be issued or implemented without the required bond, as a labor lawmaker sought clarification amid a legal challenge that has suspended the Metro Manila wage increase. Court Administrator Ma. Theresa Dolores C. Gomez-Estoesta made the clarification during the House of Representatives Appropriations Committee’s hearing […]
Read more →LGUs urged to adopt Marikina waste system
PRESIDENT Ferdinand R. Marcos, Jr. on Monday urged local government units (LGUs) to adopt Marikina City’s integrated waste management system, saying proper garbage collection, recycling and recovery could help reduce flooding and address environmental concerns. “It should be the template, and it is now becoming a template in all the different cities in the Philippines, […]
Read more →Agencies want limits to free housing bill
GOVERNMENT housing agencies on Monday urged lawmakers to impose a fixed or reviewable period on beneficiaries of a proposed free housing program, saying the bill’s provision allowing them to occupy units indefinitely could overlap with existing housing law. During a House Committee on Housing and Urban Development hearing, the Department of Settlements and Urban Development […]
Read more →P26.13-B disaster fund unreleased as of end-August
THE GOVERNMENT had yet to release P26.13 billion in disaster-risk funds as of end-August, with the largest portion intended for rehabilitation and reconstruction assistance to local government units (LGUs), latest budget data showed. The unreleased amount represented 65.1% of the P40.15-billion National Disaster Risk Reduction and Management Fund (NDRRMF), which includes continuing appropriations from 2025 […]
Read more →Public warned against fake BuCor recruitment websites
THE Bureau of Corrections (BuCor) on Monday warned the public and prospective applicants against two fake websites impersonating its official online recruitment platform. BuCor said the websites, e-bucor-rms.vercel.app and bucor-recruitment.online, have no affiliation with the agency and were confirmed as fraudulent by its Recruitment and Information Technology departments. BuCor Director General Gregorio Pio P. Catapang, […]
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