Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2361 articles from BusinessWorld
Philippines’ dollar reserves plunge to 18-month low in July
By Katherine K. Chan, Reporter The Philippines’ dollar reserves plunged to its lowest level in nearly two years as the central bank used its dollars to support the peso amid renewed volatility last month, the Bangko Sentral ng Pilipinas (BSP) said on Friday. Preliminary central bank data showed the country held $103.379 billion in gross […]
Read more →Irrawaddy dolphins sighted in San Miguel Bay; stakeholders boost conservation efforts
The critically endangered Irrawaddy dolphin (Orcaella brevirostris) has been sighted again in San Miguel Bay following a comprehensive marine mammal survey conducted by the University of the Philippines Institute of Environmental Science and Meteorology (UP IESM), in partnership with the Department of Agriculture-Bureau of Fisheries and Aquatic Resources Regional Office V (DA-BFAR 5) from July […]
Read more →Culinary festival spotlights authentic Asia-Pacific flavors
Asia Society Philippines launched its flagship culinary festival, Asian East 2026, on Friday, highlighting the diverse culinary heritage and culture of the Asia-Pacific region. “It is really to celebrate our shared culinary heritage with our neighbors in the Asia Pacific region,” Asia Society Philippines Natalie Christine “Ching” V. Jorge told BusinessWorld on the sidelines of […]
Read more →Philippine Q2 growth slumps to new post-pandemic low amid oil shock
By Justine Irish D. Tabile, Senior Reporter PHILIPPINE economic growth slowed to a post-pandemic low of 2.3% in the second quarter, as oil shock stoked inflation and dampened household consumption while a steep decline in public construction dragged investment. Despite the weaker-than-expected growth, Department of Economy, Planning, and Development Secretary Arsenio M. Balisacan ruled out […]
Read more →Pax Silica AI hub expected to yield $200B in exports in 30 years
THE PHILIPPINE government expects the proposed Pax Silica artificial intelligence (AI)-native hub to generate up to $200 billion in exports once fully built out over the next 30 years starting 2028, according to the Bases Conversion and Development Authority (BCDA). Speaking to reporters on Friday, BCDA President and Chief Executive Officer Joshua “Jake” M. Bingcang […]
Read more →Philippine debt-to-GDP ratio rises to 66% in Q2, highest since 2004
By Justine Irish D. Tabile, Senior Reporter THE Philippine debt-to-gross domestic product (GDP) ratio reached 66% in the second quarter, the highest level since 2004, data from the Bureau of Treasury showed. This was higher than the 65.2% recorded at the end of the first quarter and the 63.2% ratio at end-2025. It was also […]
Read more →5.4 quake jolts Occidental Mindoro; intensities reported in over a dozen areas
A magnitude 5.4 earthquake struck Mamburao, Occidental Mindoro, on Friday, with shaking felt in more than a dozen areas, according to the Philippine Institute of Volcanology and Seismology (PHIVOLCS). The tremor occurred at 10:38 a.m., with its epicenter located about 13 kilometers southwest of Mamburao, Occidental Mindoro, PHIVOLCS said in Earthquake Information No. 2. PHIVOLCS […]
Read more →Four deaths, nearly 133,000 people affected by recent bad weather — OCD
At least four people have died, while nearly 133,000 individuals have been affected by the combined effects of Tropical Cyclones Luis and Maymay and the southwest monsoon, according to the Office of Civil Defense (OCD) on Friday. Two of the reported fatalities, along with one injury, were caused by a landslide in Benguet, OCD Deputy […]
Read more →Cacao Culture marks 10th year with first 8.8 Chocolate Festival
Philippine chocolate maker Cacao Culture is marking its 10th year with the launch of the 8.8 Chocolate Festival, a month-long celebration aimed at increasing consumer interest in locally made chocolate while providing a platform for cacao growers and chocolate makers. Founded in 2016 by husband-and-wife entrepreneurs Kenneth and Shiela Reyes-Lao, Cacao Culture began as a […]
Read more →Kujira dissipates; Typhoon Dolphin enhances southwest monsoon, drenching Luzon
Tropical Cyclone Kujira, locally known as Maymay, has dissipated after being absorbed by Typhoon Dolphin (international name), which is enhancing the southwest monsoon and bringing heavy rains over Luzon, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Friday. “As of eight in the morning, the low pressure area in the Philippine […]
Read more →Vibe Hotels expands Metro Manila footprint with Alabang opening
Vibe Hotels has expanded its presence in Metro Manila with the opening of its Alabang branch, as the hospitality brand of Sun Group of Companies seeks to bring its accommodations and dining concepts to more travelers. Vibe Hotel Alabang officially opened with a ribbon-cutting ceremony attended by executives of Sun Group of Companies, government officials, […]
Read more →Endeavor opens Singapore global hub to help startups scale overseas
Global entrepreneurial network Endeavor has launched its first Asia-Pacific Global Hub in Singapore, aiming to help founders expand internationally by connecting them with mentors, investors, and business partners through its worldwide network. The Singapore hub, supported by the Singapore Economic Development Board (EDB) and Enterprise Singapore (EnterpriseSG), will serve as a gateway for entrepreneurs building […]
Read more →Globe Business unveils ‘Intelligent Transformation’ ambition, previewing the future of PH enterprise tech at G Summit 2026
Inside the main hall of G Summit 2026, the discussion across the Philippine enterprise landscape signaled a new era of corporate agility. As organizations expand their tech ecosystems across an average of 120 enterprise applications, the primary focus for today’s dynamic business leaders has shifted from expanding software stacks to unifying them into a single, […]
Read more →Philippine GDP growth sharply slows in Q2 2026
The Philippine economy sharply slowed in the second quarter as the Middle East conflict drove up inflation and weighed on household spending and investments. Gross domestic product (GDP) grew by 2.3% in the second quarter from a year earlier, slowing from the 5.4% expansion in the same quarter last year and the 2.8% growth in […]
Read more →Philippine farm output growth slows in Q2
THE PHILIPPINES’ agricultural sector posted slower growth of 2.9% in the second quarter, down from 6% a year earlier, despite improved output across all subsectors, the Philippine Statistics Authority (PSA) said.
Read more →Jobless rate hits 3-month high in June as more Filipinos join workforce
PHILIPPINE jobless rate hit a three-month high in June, signaling weaker labor market conditions that could weigh on household spending and complicate the government’s efforts to sustain economic growth. The unemployment rate rose to 4.9% from 3.7% a year earlier, with 2.59 million Filipinos out of work, the Philippine Statistics Authority (PSA) reported on Thursday. […]
Read more →More BSP rate hikes likely on sticky core inflation
HEADLINE INFLATION may have peaked but core inflation still shows signs of persistent underlying pressures, which could keep the Bangko Sentral ng Pilipinas (BSP) on its tightening path, analysts said.
Read more →MTRCB does not support ban on violent movies, TV
IN LIGHT of suggestions to ban violent movies and television shows because of several recent incidents involving minors, the Movie and Television Review and Classification Board (MTRCB) has said that it does not support that option. Instead, it is encouraging increased supervision of children by their parents and schools. The MTRCB “believes that banning movies […]
Read more →Navotas music festival shines a light on new hub
IT HAS BEEN the dream of homegrown entrepreneurs of Navotas for their city to be known for something more than their fish ports — and a music festival to be held at their commercial hub is set to kick that off. Under the banner of OPM, prominent artists like Cup of Joe, Maki, Mayonnaise, and […]
Read more →Palace allots P400 million for PUV fuel discounts; P1,000 monthly aid pushed
MALACAÑANG on Thursday said the government has initially allocated P400 million for its P12-per-liter fuel discount program for public utility vehicle (PUV) drivers, with the assistance set to continue as long as transport workers require support. Palace Press Officer Clarissa A. Castro said the Department of Transportation (DoTr) would provide details on how the P12-per-liter […]
Read more →Marcos releases P1.6B for tropical depression
PRESIDENT Ferdinand R. Marcos, Jr. has ordered the release of more than P1.6 billion in standby funds and over five million family food packs as Tropical Depression Maymay, internationally known as Kujira, and the southwest monsoon continued to affect parts of the country, Malacañang said on Thursday. “The National Disaster Risk Reduction and Management Council […]
Read more →Prosecutors defend CoA witness’ answers in VP trial
HOUSE of Representatives prosecutors on Thursday defended the answers of their first Commission on Audit (CoA) witness, saying his responses to senator-judges’ questions on the government’s auditing system were grounded in existing rules during the impeachment trial of Vice-President (VP) Sara Duterte-Carpio.
Read more →Data centers may strain PHL power supply
THE Philippines’ expanding data center industry could strain electricity supply and push up power costs as facilities require massive amounts of energy, the Philippine Energy Efficiency Alliance, Inc. (PE2) said. “The clustering of data centers poses a major threat to the affordability of electricity prices as they quickly demand new grid capacity upgrades,” PE2 President […]
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