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Philippines Business News
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2358 articles from BusinessWorld
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BusinessWorld
Building national resilience is everybody’s business
For decades, the country’s approach to crisis management has followed a familiar, predictable rhythm. A super typhoon strikes, a geopolitical flashpoint flares up, or a global health disruption halts supply chains. In response, emergency aid pours in, charitable corporate donations fill newsfeeds, and emergency personnel deploy. Then, the waters recede, the immediate threat passes, and […]
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Roxas and Company secures P1.93-B Chinabank loan for refinancing
ROXAS AND COMPANY, Inc. (RCI) has entered into a P1.93-billion term loan agreement with China Banking Corp. (Chinabank) to refinance existing obligations and fund general corporate purposes. In a disclosure on Monday, RCI said it entered into an Omnibus Loan and Security Agreement with Chinabank on Aug. 20. Under the agreement, Chinabank agreed to extend […]
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An assured artistic follow through
IN FILIPIÑANA, which had its world premiere in the World Cinema Dramatic Competition at the 2026 Sundance Film Festival back in January, each frame displays stunning, beautiful composition.
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First parliamentary polls will test BARMM’s ayuda economy
IN LESS THAN a month’s time, voters will cast their ballots in the first parliamentary election for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). There are 13 political parties competing for 80 seats, and they will need to offer a credible blueprint for good governance in a geographically dispersed area confronted by severe economic constraints.
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Slower Q2, but office market stays resilient — Colliers
THE Philippine office market’s momentum stalled in the second quarter (Q2) of 2026 as geopolitical uncertainty from the Middle East crisis prompted occupiers to reassess timing, costs, and space commitments. Leasing decisions were pushed to the latter part of the year, with occupiers prioritizing renewals over relocations or expansions amid higher capital expenditure assumptions. Still, […]
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SC upholds P39.37-million customs, VAT liability against Colgate-Palmolive Philippines
THE SUPREME COURT (SC) has upheld a P39.37-million assessment in deficiency customs duties, value-added tax (VAT), and surcharge against Colgate-Palmolive Philippines, Inc. (CPPI) over royalty payments and charges related to its importations. In a decision promulgated on April 30, 2026, and made public on Monday, the SC’s Third Division denied CPPI’s petition challenging a Court […]
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Optimism ‘essential’ in The Dog Stars
LONDON — Ridley Scott returns to science fiction films after nearly a decade with a dystopian thriller the prolific director-producer and his starry cast say carries a message of hope. The Alien, Gladiator, and The Martian filmmaker’s latest movie The Dog Stars is based on Peter Heller’s 2012 book of the same name and set […]
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Saudel enters Philippines as 102 areas remain under state of calamity
TYPHOON SAUDEL entered the Philippine area of responsibility (PAR) on Monday but was expected to stay far from the country and leave within 12 hours, as flooding from earlier storms and the southwest monsoon pushed 102 areas to declare a state of calamity. Saudel, which was given the local name Obet after entering PAR, might […]
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OVP witness admits P500M released to unbonded officer
A FORMER Office of the Vice-President (OVP) special disbursing officer admitted releasing P500 million in confidential funds to an unbonded security officer, raising questions in Vice-President Sara Duterte-Carpio’s impeachment trial over compliance with government disbursement rules. Gina F. Acosta, the OVP’s former special disbursing officer, said she released the funds to Colonel Raymund Dante Lachica […]
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Congressmen seek to restore DoJ budget cuts amid concerns over crime
CONGRESSMEN are pushing to restore proposed cuts to the Department of Justice’s (DoJ) 2027 budget, warning that lower funding for anti-trafficking, cybercrime and child protection programs could slow rescue operations and the government’s response to online sexual abuse. Party-list Rep. Sarah Jane I. Elago questioned the reductions during a House of Representatives Committee on Appropriations […]
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Tugboat sinks off Botolan, Zambales
A tugboat sank off Botolan, Zambales province in northern Philippines on Monday after it began tilting sharply to one side while being towed from an area where it had run aground, the Philippine Coast Guard (PCG) said. All 10 workers aboard were rescued, it said in a Facebook post. “The prevailing strong waves and rough […]
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Project NOAH gets P1-B boost
THE DEPARTMENT of Budget and Management (DBM) said it released P1 billion to the University of the Philippines System for Project NOAH to strengthen artificial intelligence (AI)-powered flood forecasting, real-time hazard monitoring and disaster-prevention capabilities. In a statement on Monday, the DBM said the funding for Project NOAH, or Nationwide Operational Assessment of Hazards, aims […]
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House urged to review budget of AMLC, 10 others
A LAWMAKER on Monday called for closer House of Representatives scrutiny of the proposed budgets of 11 Executive offices and agencies, saying their allocations should undergo committee-level deliberations before being taken up in plenary. In a statement, Party-list Rep. Renee Louise M. Co asked the Committee on Appropriations Chair Mikaela Angela B. Suansing to include […]
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More Filipinos trusted PNP in Q2
ABOUT 65% of Filipinos surveyed said they trusted the Philippine National Police (PNP) in the second quarter, up from 63% in the previous quarter, according to OCTA Research. In a statement on Monday, OCTA Research said its July 4 to 11 survey showed that nationwide distrust in the PNP decreased to 13% from 17% in […]
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PSEi inches up on late-session bargain hunting
THE MAIN INDEX closed higher on Monday, supported by late-session bargain hunting as sentiment continued to be weighed down by the conflict between the United States and Iran. The Philippine Stock Exchange index (PSEi) went up by 0.21% or 12.92 points to close at 6,251.38. Meanwhile, the broader all shares index slipped by 0.01% or […]
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Watchdogs oppose postponement of village, youth polls
POLL observers on Monday opposed the proposals to postpone the village and youth council elections scheduled for Nov. 2, saying that preparations for the polls may go to waste and may set a precedent in the future that would allow constant cancellations of the polls to give way for term extensions. At a Senate Local […]
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AMLC scores convictions over financial fraud cases
THE Anti-Money Laundering Council (AMLC) on Monday said it has secured two convictions from regional courts against individuals involved in illegal investment schemes. “The Anti-Money Laundering Council has made significant progress in the fight against financial crime with two judgments convicting individuals for money laundering predicated on violations of the Securities Regulation Code (SRC),” it […]
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BI intercepts 8 Indonesia-bound Filipinos in suspected ‘catphishing’ recruitment
THE BUREAU of Immigration (BI) intercepted eight Filipinos bound for Indonesia after authorities found indications they were recruited through a “catphishing” modus, the agency said on Monday. The five men and three women, aged 26 to 49, were intercepted on Aug. 7 at the Ninoy Aquino International Airport Terminal 1 while preparing to travel to […]
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BoC, LTO probes possible Porsche misdeclaration
THE BUREAU of Customs (BoC) is investigating the possible misdeclaration of a Porsche 918 Spyder that was declared upon importation as a lower-priced Porsche Boxster, reflecting a P44.76-million difference in dutiable value. The investigation followed the Land Transportation Office’s (LTO) probe into the vehicle’s alleged use of an unauthorized plate and information indicating a possible […]
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MGB flags 106 Cordillera barangays at risk of landslides
BAGUIO CITY — The Mines and Geosciences Bureau (MGB) Cordillera has warned of possible landslides and flash floods as the southwest monsoon continues to dump rain over the region, urging local governments to prepare for possible evacuations. MGB-Cordillera Regional Director Socrates G. Gaerlan called on provincial, city and municipal governments and disaster risk reduction councils […]
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Green lane-eligible investments nearing P400B
ABOUT P391.84 billion worth of projects have been endorsed to the “green lane” system of expedited permits in the first seven months, the Board of Investments (BoI) said. In a statement on Monday, the BoI said 22 projects were deemed strategic and eligible for “green lane” treatment by the end of July. These are expected […]
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US biz delegation encouraged by direction of PHL economic reform
A DELEGATION of US business executives said US companies are eager to step in as partners to the Philippines as it pursues its program of economic reforms. “The Philippine government has demonstrated a strong commitment to advancing its economic priorities, and the US private sector is committed to being a trusted partner in helping achieve […]
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DTI obtains budget funding to pay CARS participants
THE Department of Trade and Industry (DTI) said it obtained budget funding to pay auto companies participating in the Comprehensive Automotive Resurgence Strategy (CARS) program. “We were able to secure the budget to pay for the CARS arrearages, padating na po (it’s on the way) but it’s in the process,” Trade Undersecretary Ceferino S. Rodolfo said during […]
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