Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2361 articles from BusinessWorld
Mixed data, Mideast news to keep market wary
PHILIPPINE SHARES may move sideways this week as investors stay cautious amid lingering geopolitical tensions and mixed domestic economic data, with slower-than-expected growth clouding the outlook. On Friday, the Philippine Stock Exchange index (PSEi) rose by 0.2% or 12.40 points to close at 6,290.35, while the broader all shares index went up by 0.15% or […]
Read more →PHL seen retaining UMIC status despite economic slowdown
THE PHILIPPINES is unlikely to lose its newly attained upper-middle income country (UMIC) status despite the sharp economic slowdown in the first half, the Department of Economy, Planning, and Development said.
Read more →Luisita interchange expansion due to break ground this week
THE Bases Conversion and Development Authority (BCDA) said it is set to break ground for the expansion of the Luisita interchange in Tarlac City this week, with operations expected in nine months. “We will complete the entire interchange,” BCDA President and Chief Executive Officer Joshua M. Bingcang told reporters on the sidelines of a briefing […]
Read more →DoF sees 10% of GOCCs at risk of abolition
THE Department of Finance (DoF) said non-performing government-owned and -controlled corporations (GOCCs) could be abolished to free up public resources. “As a matter of principle, GOCCs that can no longer effectively fulfill their mandate or unnecessarily drain public resources should be abolished, or their functions absorbed by another GOCC or government agency,” Finance Secretary Frederick […]
Read more →Job creation too slow to absorb influx of workers — analysts
THE unemployment rate rose to 4.9% in June as more workers entered the labor force, but weak economic growth and a contraction in investment suggest the economy is struggling to generate enough jobs to absorb the influx, analysts said. The Philippine Statistics Authority (PSA) said around 650,000 jobseekers sought to enter the workforce for the […]
Read more →DA, LLDA to revive Parañaque Spillway project
THE Department of Agriculture (DA) and the Laguna Lake Development Authority (LLDA) said they are reviving the P90-billion Parañaque Spillway project, citing the need to transform Laguna de Bay into a productive fisheries hub and a dependable freshwater reservoir for Metro Manila and nearby provinces. The 10.5-kilometer spillway, which was first proposed in the 1970s, […]
Read more →SEC, BIR to establish filing portal for audited financial statements
THE Securities and Exchange Commission (SEC) and the Bureau of Internal Revenue (BIR) said they signed a memorandum of understanding to simplify compliance requirements for businesses, including the filing of audited financial statements. In a statement late Friday, the Commission said the agreement establishes a framework for the two agencies to work together on policy […]
Read more →How new frontiers are driving the global race for resources
C-suite leaders are increasingly operating in what EY describes as a NAVI risk environment: non-linear, accelerated, volatile, and interconnected.
Read more →Marcos’ hunger, health programs need stronger funding, reforms, analysts say
PRESIDENT Ferdinand R. Marcos, Jr.’s programs to reduce hunger and improve healthcare could become defining parts of his administration’s legacy, but their impact will depend on implementation, sustainable funding and institutional reforms, analysts said.
Read more →Analysts urge state to fix underspending as 2027 budget hearings begin
GOVERNMENT AGENCIES should address persistent underspending and boost their capacity to implement programs before seeking bigger allocations in the 2027 national budget, analysts said.
Read more →Monsoon, cyclones hit 382,000 people in Philippines
ABOUT 382,000 people from 110,000 families have been affected by the combined effects of the enhanced southwest monsoon and tropical cyclones Luis and Maymay, the National Disaster Risk Reduction and Management Council (NDRRMC) said on Sunday. In a 6 a.m. report, the agency said at least six people had died and seven were injured. Two […]
Read more →SC adopts rules to forfeit illegal POGO assets
THE Supreme Court (SC) has adopted rules allowing the government to seek the civil forfeiture of properties and other assets linked to illegal Philippine offshore gaming operations (POGOs), independently of criminal proceedings. In a resolution dated April 15 and made public on Sunday, the SC en banc adopted the Rule on the Civil Forfeiture of […]
Read more →DoLE permit to shield children
THE Department of Labor and Employment (DoLE) said its requirement for work permits for minors under 15 appearing in monetized social media content is intended to prevent exploitation and ensure their work does not interfere with their education, health and welfare. Labor Secretary Francis N. Tolentino said on Sunday that Labor Advisory No. 12, Series […]
Read more →Unified law to curb obesity pushed
CONGRESS should consolidate pending measures on unhealthy food marketing, nutrition labeling, and food regulation into a single national law as overweight and obesity among Filipino children continue to rise, according to the Congressional Policy and Budget Research Department (CPBRD) of the House of Representatives. “Rather than pursuing these measures separately, Congress should consider consolidating the […]
Read more →Bad weather hits 185,000 in Ilocos
BAGUIO CITY — The combined effects of Tropical Depression Luis, Tropical Storm Maymay and the enhanced southwest monsoon have affected at least 185,512 villagers (52,037 families) in the Ilocos Region, the Department of Social Welfare and Development (DSWD) said on Sunday. Pangasinan bore the brunt, with 154,702 people or 42,443 families affected in 144 barangays. […]
Read more →2 dead, 5 hurt in Cotabato road mishap
COTABATO CITY — A tricycle driver and one of his passengers died while five others were injured in a road mishap in Barangay New Rizal in Mlang town in Cotabato province on Saturday night. Officials of the Mlang Municipal Police Station said on Sunday that the tricycle driver Jovito D. Autillo, Sr. and his passenger, […]
Read more →Eala faces Tokyo Olympics champ Bencic in NBO Round 3 in Toronto
ANOTHER Olympic champion separates Alexandra “Alex” Eala from a second straight WTA Tour quarterfinal berth. Battered and all though, Ms. Eala assured her readiness in standing her ground to shore up her drive for a second straight WTA Tour title as well. “I am as tired as one can be at this stage. You can […]
Read more →All eyes on Louie Alas to steady the ADMU basketball program
IT IS all eyes now on interim head coach Louie Alas with a tall order to steady the ship for the sunken Ateneo de Manila University (ADMU) men’s basketball program on the heels of one of the biggest sports tragedies in history following the tragic drowning of its players Rene Baterbonia and Divine Adili in […]
Read more →Cuadrat sees the Asean-Hyundai Cup as learning experience for the national booters
COACH Carles Cuadrat considered the Philippines’ campaign in Asean Championship-Hyundai Cup a “learning experience” despite the booters’ failure to advance to the semifinals. Mr. Cuadrat’s youth-laden squad managed only one win in Group B at the expense of Laos, 4-1, versus a 1-4 heartbreaker at the hands of Myanmar at home and back-to-back 0-1 losses […]
Read more →Experience matters
For much of the match, the Fever looked like they had figured out how to beat the Aces at the latter’s own game. They played with pace, built a substantial lead, and forced the defending champions to spend most of the night chasing them. Unfortunately for them, basketball has a way of making a seemingly […]
Read more →Microsoft: 1 in 4 Filipino professionals among most advanced AI users, above global average
One in four Filipino professionals are considered among the most advanced users of artificial intelligence (AI), exceeding the global average and indicating the growing maturity of AI adoption in the country, according to a new report released by tech giant Microsoft Corp. on Friday. In the 2026 Microsoft Work Trend Index Annual Report released on […]
Read more →LOJEL celebrates everyday movement with the Niru Collection
Featuring the stories of Filipino artists, entrepreneurs, and creatives whose journeys embody the spirit of ‘From Here to Everywhere.’ Every journey begins somewhere. More often, they’re built through the everyday moments that quietly move us forward. Today, journeys extend far beyond travel, unfolding through the everyday moments that shape how we work, create, connect, and […]
Read more →Pag-IBIG partnership with P.A. Alvarez to accelerate delivery of over 7,300 affordable homes under Expanded 4PH
Pag-IBIG Fund has entered into an investment partnership with P.A. Alvarez Properties and Development Corp. (PAAPDC) to accelerate the construction of more than 7,300 affordable homes across 10 housing developments in Batangas, Laguna and Pampanga under President Ferdinand R. Marcos, Jr.’s Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) Program. The developments will consist of […]
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