Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2358 articles from BusinessWorld
Philippines holds 79th spot in global prosperity index
The Philippines ranked 79th out of 161 countries with a score of 63.06 out of 100 in the latest Legatum Prosperity Index released by investment firm Legatum and London-based think tank Prosperity Institute. The index assesses prosperity across three domains — development, freedom, and society — which measure the extent to which countries create the […]
Read more →BSP eyeing tighter risk-based controls for payment activities
THE BANGKO SENTRAL ng Pilipinas (BSP) wants its supervised institutions (BSIs) to implement tighter risk-based controls to enhance the security and integrity of the national payment system. In a draft circular, the BSP proposed amendments to the Manual of Regulations for Payment Systems (MORPS) that require BSIs to establish mechanisms that would strengthen controls for […]
Read more →Building energy security
(Part 2) In my previous column, I discussed the recent Philippine Institute for Development Studies (PIDS) paper “How Energy Secure is the Philippines?” by Dr. Adoracion Navarro and her co-authors, presented at a policy forum titled “Energy Security in the Age of Renewables: Is the Philippines Ready for the Energy Transition?” The paper proposed a […]
Read more →Muji opens 13th store in Eastwood
WHILE Muji opened its 12th store in SM Aura last June with more fanfare and a splashy makeup launch, the store opening at Eastwood City on Aug. 27 was a bit more sedate, with a drum performance and little fuss (which really, is just on brand for the Japanese company selling a minimalist lifestyle). The […]
Read more →NEXTASIA Land prepares for eventual PSE listing
NEXTASIA LAND is preparing for a potential initial public offering (IPO) as it undergoes pre-listing work under a Philippine Stock Exchange, Inc. (PSE) program aimed at helping companies prepare for the public market, its top official said. “We’ve been doing the PSE handholding program since two years ago. But since the market is bad lately, […]
Read more →Weak peso, inflation concerns to drag PHL shares
PHILIPPINE SHARES may trade sideways this week as a weaker peso and rising oil prices drag sentiment, with the market looking ahead to key US data that could affect the US Federal Reserve’s policy stance. On Friday, the Philippine Stock Exchange index (PSEi) rose by 0.35% or 21.18 points to close at 6,090.60, while the […]
Read more →Monsoon to ease projected fall in rice output
AGRICULTURE SECRETARY Francisco P. Tiu Laurel, Jr. said he expect the Department of Agriculture’s (DA) initial projection of a 700,000-metric ton (MT) reduction in rice production to be mitigated by the additional rainfall brought about by the enhanced southwest monsoon (habagat). Speaking on the sidelines of the DA’s budget hearing at the House of Representatives […]
Read more →Luzon corridor, Pax Silica seen adding growth drivers as Philippine human capital advantage erodes
BUSINESS LEADERS said Pax Silica projects in the Philippines as well as the development of the Luzon Economic Corridor (LEC) will drive an uptick in foreign investment starting late this year because of their potential to diversify the sources of the Philippines’ competitive advantage.
Read more →Wholesale price growth accelerates in July
THE PRICE GROWTH of wholesale goods accelerated to 2.4% in July, driven by higher food prices, the Philippine Statistics Authority (PSA) said. Citing preliminary data, the General Wholesale Price Index (GWPI) accelerated from the 2.3% posted in June. The July reading was lower than the 3.1% reported in July 2025. The July indicator was the […]
Read more →Overcoming El Niño to require rapid-response measures, long-term fixes
QUICK-RESPONSE MEASURES to counter the impact of the so-called Super El Niño will be critical in minimizing the damage to agriculture, though such “reactive” responses need to be rounded out with longer-term fixes, analysts said.
Read more →Zamboanga terminal contract could be re-offered for auction this year — PPA
THE Philippine Ports Authority (PPA) said it hopes to reopen the bidding for the canceled Zamboanga passenger terminal building contract this year. “The passenger terminal building terminated contract is about 52% complete. We have scheduled the rebidding this year,” PPA General Manager Jay Daniel R. Santiago told the House Committee on Appropriations last week. Mr. […]
Read more →Rethinking capital allocation in a changing world
Capitalism drove unprecedented growth, rising living standards, and significant reductions in global poverty. However, its focus on short-term financial returns has also revealed weaknesses, including economic inequality, environmental externalities, and systemic vulnerabilities exposed by crises such as the COVID-19 pandemic and recent supply chain disruptions.
Read more →Duterte’s 2028 prospects hinge on opposition unity amid legal battles
VICE-PRESIDENT Sara Duterte-Carpio’s prospects for the 2028 presidential race will depend largely on whether her opponents can unite behind a single candidate, political analysts said, as a criminal case and an impeachment trial add uncertainty to her bid for Malacañang.
Read more →Southwest monsoon to bring heavy rain through Tuesday, says PAGASA
HEAVY RAIN would continue across western Luzon and parts of the Visayas through Tuesday as the southwest monsoon persists, with some areas at risk of flash floods and landslides, the state weather bureau said.
Read more →Firm response to China’s Batanes claims sought
THE Philippine government should mount a sustained response to renewed Chinese claims over Batanes to prevent Beijing from creating doubt over Philippine sovereignty, the Stratbase Institute said. “Batanes is Philippine territory, its people are Filipinos, and its sovereignty is settled and not up for debate,” Victor Andres “Dindo” C. Manhit, president at the think tank, […]
Read more →CoA flags LLDA’s P218.8-M unrecognized land
THE Commission on Audit (CoA) has flagged the Laguna Lake Development Authority (LLDA) for accounting and enforcement lapses, including an unrecognized 4,790-square-meter land asset valued at P218.8 million. “The land asset with an area of 4,790 square meters and an assessed value of P218.799 million, occupied by LLDA, remains unrecognized in the books of accounts,” […]
Read more →Prosecution: VP case not persecution
THE House prosecution panel for the impeachment trial of Vice-President (VP) Sara Duterte said the three counts of grave threats filed by the Department of Justice (DoJ) against her are not political persecution but simply the justice system doing its work. Lanao del Sur Rep. Ziaur-Rahman A. Adiong, House prosecution panel spokesperson, refuted claims that […]
Read more →Group wants NCR wage case resolved
THE Federation of Free Workers (FFW) called on the Pasig Regional Trial Court (RTC) Branch 152 to resolve the Office of the Solicitor General’s (OSG) motion seeking the dismissal of the case questioning the P85 wage increase in Metro Manila. The OSG filed its Motion to Resolve on Sept. 3, saying the jurisdictional issue is […]
Read more →LTFRB opens 8,750 ride-hailing slots
THE Land Transportation Franchising and Regulatory Board (LTFRB) has opened 8,750 slots for ride-hailing services in Metro Manila, Ilocos, and Bicol. “We in the LTFRB are sensitive to the request and demand from the people and the opening of the slots is also in support of the government’s aggressive economic push across the country,” Acting […]
Read more →DBM to test budget rollout plan in Q4
THE Department of Budget and Management (DBM) plans to pilot a system in the fourth quarter that would allow it to automatically release funds for salary deficiencies once agencies update their plantilla records. The reform aims to reduce delays in salary adjustments for public school teachers and other government workers who are promoted or reclassified. […]
Read more →Recto says budget cut won’t affect OP functions
THE proposed 64% reduction in the Office of the President’s (OP) budget for 2027 will not affect its ability to carry out its functions, Executive Secretary Ralph G. Recto said on Sunday. In a statement, Mr. Recto said the OP is seeking a P10.15-billion budget for 2027, down from the P28-billion allocation for the current […]
Read more →Romualdez camp wants to comment on flood allegations
FORMER House Speaker Ferdinand Martin G. Romualdez, through his legal counsel, called on the Office of the Ombudsman to allow the lawmaker to comment on new allegations linked to the multibillion flood controversy. Abdiel Dan Elijah S. Fajardo, legal spokesperson for Mr. Romualdez, sought a chance to address accusations amid concerns that former Public Works […]
Read more →Senator calls for swift passage of infra masterplan amid substandard projects
SENATOR Erwin T. Tulfo pushed for the swift passage of the Masterplan for Infrastructure and National Development (MIND) Act to curb fund wastage in substandard projects amid deliberations on the proposed 2027 national budget. Mr. Tulfo said the successive rains have proven which among the existing infrastructure are substandard due to damaged roads and bridges, […]
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