Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
319 articles from BusinessWorld Economy
AI to disrupt market for back-office space — JLL
By Juliana Chloe A. Gonzales ARTIFICIAL INTELLIGENCE (AI) will trigger a realignment in office space allocation in favor…
Read more →Understanding system-loss VAT relief
Every month, I receive an e-mail from the Manila Electric Co. and, like many consumers, instinctively look for…
Read more →Philippine-India trade talks expected to start next year
THE PHILIPPINES is looking to begin talks for a preferential trade agreement (PTA) with India next year, with…
Read more →Farmers propose live-hog floor price of P210 per kg
AGRICULTURE SECRETARY Francisco P. Tiu Laurel, Jr. said the hog industry is proposing a P210 per kilogram (kg)…
Read more →ADB allocates up to $6B for blue economy in Southeast Asia
THE Asian Development Bank (ADB) will mobilize up to $6 billion through 2030 to support fisheries, coastal infrastructure…
Read more →Drone rollout next year to support rice farming
THE Philippine Rice Research Institute (PhilRice) said it expects to roll out its Drones4Rice program by next year…
Read more →Grid upgrades, faster permits needed even after VAT relief — business groups
BUSINESS GROUPS welcomed the removal of the value-added tax (VAT) on system loss charges but urged the government to improve grid reliability and fast-track the permit process for new power plants.
Read more →ASEAN urged to update IP laws to shield creatives from generative AI
THE Association of Southeast Asian Nations (ASEAN) needs to update its intellectual property (IP) frameworks to protect the…
Read more →P74.4-million rice processing facility opens in Cabanatuan
THE Department of Agriculture (DA) inaugurated a rice processing facility in Cabanatuan City on Thursday, which was built with P74.4 million in funding from the Rice Competitiveness Enhancement Fund (RCEF). The facility includes a state-of-the-art multi-stage rice mill with a capacity of 4 to 5 tons per hour and three recirculating dryers, each with a […]
Read more →Building permit approvals fall 1.2% in July
APPROVED building permits dropped to a three-month low in July with high material and financing costs dampening property demand and construction starts. Citing preliminary data, the Philippine Statistics Authority (PSA) said approved construction projects numbered 15,890 in July, down 1.2% from a year earlier. The rate of decline eased relative to the 4.4% contraction in […]
Read more →Standard Chartered to advise on Clark investment opportunities
THE Bases Conversion and Development Authority (BCDA) said it signed a memorandum of understanding (MoU) with Standard Chartered Bank to jointly study development opportunities for the Clark Freeport and Special Economic Zone. In a statement on Wednesday, the BCDA said the MoU seeks to explore urban development and investment opportunities within the Pampanga ecozone. “Both […]
Read more →Budget release rate hits 90.5% in August
The Department of Budget and Management (DBM) said it released 90.5% of the original budget for 2026 as of the end of August. According to the DBM Status of Allotment Release report, the releases amounted to P6.149 trillion out of the originally budgeted P6.793 trillion, leaving P644.507 billion undistributed. The release rate at the end […]
Read more →US ethanol exports to PHL hit record in 2025 — USDA
THE US Department of Agriculture (USDA) said US fuel ethanol exports to the Philippines hit a record 382 million liters in 2025, making the country the sixth-largest market for US ethanol. In a report, the USDA’s Foreign Agricultural Service said exports rose due to greater fuel consumption and limited domestic production in the Philippines. The […]
Read more →System-loss VAT relief seen limited; deeper reforms urged
By Justine Irish D. Tabile, Senior Reporter The removal of value-added tax (VAT) on allowable system loss charges will provide modest relief to electricity consumers, but broader power sector reforms are still needed to meaningfully bring down electricity costs, economists said. Former Finance Secretary Margarito B. Teves said the measure can be considered a “small […]
Read more →Bonded storage system set up for jet fuel used internationally
The Bureau of Customs (BoC) has established a bonded storage facility for aviation fuel, allowing international airlines to avoid paying taxes upfront and seek refunds later with the government seeking to reduce their operating costs. Customs Assistant Commissioner Vincent Philip C. Maronilla said the new system is intended to ease the cost burden on airlines […]
Read more →Palay, corn production estimated to have fallen in third quarter
Palay (unmilled rice) and corn production in the third quarter were estimated to have decreased 15% and 14.4% year on year respectively, according to a survey of standing crops before the period ended, the Philippine Statistics Authority (PSA) reported. As of Aug. 1, the PSA estimated palay output for the third quarter of 3.19 million […]
Read more →Two-wheeled EVs proposed for inclusion in gov’t incentive plan
THE Electric Vehicle Association of the Philippines (EVAP) asked the government to consider including two- and three-wheeled vehicles in its Electric Vehicle Incentives Strategy (EVIS), noting that their adoption is crucial to meeting gov-ernment clean-mobility targets. “We totally support the local production of [EVs,],” EVAP President Willy G. Tee Ten told reporters on the sidelines […]
Read more →Ground broken on subway station at NAIA Terminal 3
The Department of Transportation (DoTr) said ground has been broken on the airport station of the Metro Manila Subway Project (MMSP). “This NAIA (Ninoy Aquino International Airport) station will have mass public transport… a big help to commuters,” Acting Transportation Secretary Giovanni Z. Lopez said on Wednesday. The DoTr said the NAIA Terminal 3 station […]
Read more →Leading Indian carrier IndiGo applies to offer PHL services
THE Department of Trade and Industry (DTI) said Indian low-cost airline IndiGo, that country’s top carrier by passenger…
Read more →Indian firms weighing P4B in PHL expansions
THE Department of Trade and Industry (DTI) said Indian companies currently active in the Philippines are considering investing…
Read more →BoC still upbeat on revenue target despite freeze on LPG excise tax
THE Bureau of Customs (BoC) said it remains confident it will surpass its P1.011-trillion revenue target this year even with a looming suspension of excise taxes on kerosene and liquefied petroleum gas (LPG). “We are looking at the possibility of hitting the target, and on top of that we will exceed it by P10 billion,” […]
Read more →Gas auction to offer resources equivalent to 3,800 MW in capacity
THE Department of Energy (DoE) said it will offer gas resources with the potential to generate more than 3,800 megawatts (MW) of capacity for the upcoming mid-merit natural gas auction. “The gas will serve a specific purpose, which is to support (the transition to) renewable energy generation. Every time that there is a decline in […]
Read more →Ube export freeze firm evidence of global demand strength — BMI
THE Department of Agriculture’s (DA) decision to suspend exports of fresh purple yam (ube) reflects the strength of global demand for the crop and the Philippine desire to safeguard its unique varieties, Fitch Solutions unit BMI said. In a report issued Sept. 14, BMI said demand for ube has become strong enough to create supply-side constraints because […]
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