BusinessWorld Economy
🇵🇭 Local Market Intelligence
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
All sourcesBilyonaryoBusinessWorldBusinessWorld BankingBusinessWorld EconomyInvesting.com PHManila Times BusinessPhilStar BusinessRappler Business
BusinessWorld Economy
Space agency enlisted in food-security efforts
THE Department of Agriculture (DA) said it signed a five-year collaboration agreement with the Philippine Space Agency (PhilSA) to use Earth observation, geospatial information, and space-based technology to improve agricultural and fisheries production, disaster response, and climate-resilient planning. The DA and PhilSA agreed to explore the use of satellite-based tools to monitor crop conditions, map […]
Read more →BusinessWorld Economy
WTO members urged to uphold rules-based trading system amid rising protectionism
MEMBERS of the World Trade Organization (WTO) need to uphold the rules-based trading system even in the face of rising protectionism as markets weigh their national interests at a time of geopolitical disruption, the WTO said. “The multilateral trading system was built on the recognition that stable and mutually beneficial economic relations require institutions, rules […]
Read more →BusinessWorld Economy
Zero-system loss target to be phased in gradually to avoid stress on power co-ops
THE Department of Energy (DoE) said it hopes to bring system losses to zero eventually, with the pace calibrated to avoid undue stress on power cooperatives. “The removal of the (value-added tax on system losses) was done already by BIR, and now we’re working on the gradual reduction up to zero of system losses. This […]
Read more →BusinessWorld Economy
PHL pork output seen rising 4.4% in 2027, beef output steady
PHILIPPINE PORK production is projected to increase 4.4% to 1.06 million metric tons (MMT) in 2027, while beef production is expected to remain little changed from its 2026 estimate of 174,000 MT, the US Department of Agriculture (USDA) said. In a report, the USDA’s Foreign Agricultural Service in Manila said pork production in 2027 is […]
Read more →BusinessWorld Economy
GOCC subsidies fall 30.52% in July
NATIONAL GOVERNMENT subsidies provided to government-owned and -controlled corporations (GOCCs) declined by more than 30% in July, the Bureau of the Treasury (BTr) said. The BTr said subsidies amounted to P6.76 billion in July, down 30.52% from a year earlier. The government provides subsidies to GOCCs to help cover operational expenses not supported by their […]
Read more →BusinessWorld Economy
PHL reliance on coal for power generation to continue, IEA says
THE PHILIPPINES is likely to maintain its coal consumption this year, with coal-fired power plants still being depended for baseload electricity needs, the International Energy Agency (IEA) said. In its Coal Mid-Year Update 2026, the IEA said coal demand in Southeast Asia is projected at around 574 million tons, fueled by strong demand from Indonesia […]
Read more →BusinessWorld Economy
Authorized Economic Operators: Creating stronger customs-to-business partnerships
Striking a balance between trade facilitation and border security have always been a challenge for customs administrations. Businesses require the rapid and seamless flow of goods across borders while governments need to ensure that international supply chains are safe from threats such as theft, cybercrime and terrorism.
Read more →BusinessWorld Economy
Ease of doing business seen as key to addressing joblessness
THE GOVERNMENT will focus its job-creation efforts on improving the ease of doing business, through which it hopes to attract more investment, Malacañang said on Wednesday after the unemployment rate rose to 6% in July, its highest level in four years.
Read more →BusinessWorld Economy
Eligible exporters allowed to claim VAT refunds pending zero-rating certification
THE Bureau of Internal Revenue (BIR) said qualified export-oriented enterprises may claim refunds for value-added tax (VAT) paid on eligible purchases and imports while waiting for their zero-rating certification. “Export-oriented enterprises (EOEs) received their VAT zero-rating certifications on different dates during the transition period,” BIR Commissioner Charlito Martin R. Mendoza said in a statement on […]
Read more →BusinessWorld Economy
Over 100,000 households identified as potential microgrid customers
THE Department of Energy (DoE) said it set a target of more than 100,000 households in remote areas to be potentially served by microgrids in the next project bidding round. In a statement on Wednesday, the DoE said it identified 369 unserved and underserved areas across 23 provinces for potential inclusion in the upcoming microgrid […]
Read more →BusinessWorld Economy
Banana exporters sign deals to ship saba to Hong Kong, New Zealand
THE Department of Agriculture (DA) said on Wednesday that banana exporters signed contracts with Hong Kong and New Zealand companies to supply Cardaba bananas (saba). The contracts were signed during the Asia Fruit Logistica exhibition in Hong Kong, to which the Philippines returned after a 10-year absence. Arnel V. De Mesa, DA spokesman and agriculture […]
Read more →BusinessWorld Economy
PHL students more dependent on AI than peers in OECD — PISA
FILIPINO STUDENTS are turning to artificial intelligence (AI) for schoolwork at higher rates than their peers in most Organisation for Economic Co-operation and Development (OECD) countries, according to the 2025 Programme for International Student Assessment (PISA).
Read more →BusinessWorld Economy
LRT-1 Las Piñas construction timeline estimated at 3 years
THE Department of Transportation (DoTr) said it expects a three-year construction timeline for the Las Piñas station of the Light Rail Transit Line 1 (LRT-1) Cavite extension. “Once we have the formal permit to enter, we will proceed with the demolition. Based on our estimate, it will take three years including demolition, acquisition, design and […]
Read more →BusinessWorld Economy
P6.2 billion released soon for El Niño farm aid
THE Department of Agriculture (DA) said on Wednesday that it expects the imminent release of a P6.2-billion Special Allotment Release Order that will fund fuel and fertilizer assistance to farmers during the El Niño episode. Arnel V. De Mesa, DA spokesman and agriculture assistant secretary for special concerns and official development assistance, told reporters that […]
Read more →BusinessWorld Economy
PHL seeking $100-M loan from ADB for solid-waste management in Manila, Pasig
THE PHILIPPINES is seeking a $100-million loan from the Asian Development Bank (ADB) to address solid waste management challenges in Manila and Pasig through the Advancing Circular Urban Pathways Project (ACUP). The ADB said ACUP seeks to establish viable investment models for waste collection, recycling, and value recovery. “ADB’s investment in city-level segregation, collection, and […]
Read more →BusinessWorld Economy
What RMC No. 94-2026 means for retirement savers
While the shortness of life often encourages us to live in the present, it is equally important to prepare for the future with hope and confidence. Of the many things that require long-term planning, financial security and retirement remain particularly important, along with understanding the available incentives. For contributors to a Personal Equity and Retirement […]
Read more →BusinessWorld Economy
Australian institutional investors explore PHL energy, infrastructure opportunities
AN AUSTRALIAN delegation of institutional investors is visiting the Philippines to discuss energy and infrastructure projects, the Australian embassy said. In a statement issued to mark the 80th year of diplomatic ties between the two countries, the embassy said the institutional investors, with A$1.4 trillion in assets under management, will be in the Philippines until […]
Read more →BusinessWorld Economy
Green-lane system claims processing time for permits cut to little over a week
THE Board of Investments (BoI) said the permit processing time for green lane-eligible projects has been reduced to 7.67 days, from 19.12 days previously. The BoI said in a statement Tuesday that the average was taken from 122 projects deemed sufficiently strategic to qualify for expedited permit processing. At the end of August, green lane-eligible […]
Read more →BusinessWorld Economy
Biomass auction set for 4th quarter, DoE says
THE Department of Energy (DoE) hopes to conduct the sixth round of the green energy auction (GEA-6), which is dedicated solely to biomass projects, in the fourth quarter. “The auction proper will take place in the fourth quarter of 2026,” Energy Undersecretary Rowena Cristina L. Guevara told reporters on Monday. Ms. Guevara said the DoE […]
Read more →BusinessWorld Economy
JICA technical aid to boost PHL bridge, tunnel-building capacity
THE Department of Public Works and Highways (DPWH) and the Japan International Cooperation Agency (JICA) signed a technical cooperation agreement to boost Philippine capacity for carrying out bridge replacement and rehabilitation as well as for building road tunnels. In a statement, the two sides formalized the implementation of three technical cooperation projects to help address […]
Read more →BusinessWorld Economy
PHL AI masterplan targets investments of $34.4B
THE Department of Information and Communications Technology (DICT) said its AI+ Infrastructure Masterplan (PAIIM) set an investment target of $34.4 billion until 2033, boosted by plans by at least two US hyperscalers to start setting up 400-megawatt (MW) data centers as early as next year. “By leveraging the country’s strategic location, strong talent base, and […]
Read more →BusinessWorld Economy
Philguarantee provides cover for P2.41B worth of cooperative loans
THE Philippine Guarantee Corp. (Philguarantee) has said it backed P2.41 billion worth of outstanding guaranteed loans for cooperatives as of the end of June. This benefited 24,386 individuals, the state-owned corporation said in a statement Tuesday. “As a key partner in development financing, Philguarantee empowers cooperatives to expand their lending capacity and provide financing support […]
Read more →BusinessWorld Economy
‘No collapse evident’ in BPOs despite AI — HSBC
THE Philippine services industry is benefiting rather than suffering from the global artificial intelligence (AI) boom, with AI tools accelerating employment and productivity in the business process outsourcing (BPO) sector, HSBC Ltd. said. In theory, “other business services” such as those offered by the BPO sector should be vulnerable to AI automation, according to HSBC […]
Read more →