Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
2354 articles from BusinessWorld
Analysts say Marcos’ SONA anti-graft pledge puts his credibility on the line
PRESIDENT Ferdinand R. Marcos, Jr.’s declaration that even members of his own family would not be spared from corruption investigations has raised the political stakes for his administration’s anti-graft campaign, with analysts saying its credibility will depend not only on whether cases are pursued impartially but also on whether the government delivers on the broader reform agenda it outlined for the remainder of its term.
Read more →House moves to advance Marcos’ power, tax agenda
THE House of Representatives will prioritize measures to remove system loss charges from electricity bills and provide income tax relief for workers, in line with President Ferdinand R. Marcos, Jr.’s legislative agenda following his fifth State of the Nation Address. Speaker and Isabela Rep. Faustino “Bojie” G. Dy III on Wednesday said the chamber is […]
Read more →VP cash withdrawals ‘unusual,’ bank managers tell impeachment court
BANK MANAGERS who testified in Vice-President (VP) Sara Duterte-Carpio’s impeachment trial on Wednesday described hundreds of millions of pesos in cash withdrawals by the Office of the Vice-President (OVP) and the Department of Education (DepEd) as “unusual,” although they said the transactions complied with banking procedures. On the 10th day of the impeachment trial, the […]
Read more →Palace: Marcos still backs anti-dynasty bill
MALACAÑANG on Wednesday said President Ferdinand R. Marcos, Jr. remains committed to the passage of an anti-political dynasty law despite not mentioning the measure in his fifth State of the Nation Address (SONA). “Yes, that remains the President’s desire during his term and administration,” Palace Press Officer Clarissa A. Castro told reporters in Filipino. She […]
Read more →PAGASA monitoring 2 LPAs
THE Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) is monitoring two low-pressure areas (LPAs) — one inside and another outside the Philippine Area of Responsibility (PAR), with the weather disturbance within PAR expected to bring rains across much of Luzon. In its 10 a.m. tropical cyclone outlook on Wednesday, PAGASA said the LPA inside […]
Read more →Cagayan warns over rocket debris
TUGUEGARAO CITY, Cagayan — Authorities have warned fishermen and coastal communities in Cagayan Valley to avoid waters within the Philippine exclusive economic zone where debris from China’s Long March 6A rocket might fall after its scheduled launch on Thursday. The Cagayan Valley Disaster Risk Reduction and Management Council in a memo said the projected debris […]
Read more →DoJ remits P841-M recovery
THE Department of Justice (DoJ) on Wednesday said it had remitted P841.38 million recovered from people linked to the government’s flood control investigation to the National Treasury, while vowing to continue recovering public funds tied to the anomalies. The DoJ said the amount was deposited through Land Bank of the Philippines. “The work continues. We […]
Read more →Marcos names 2 CTA justices
PRESIDENT Ferdinand R. Marcos, Jr. has appointed Debbie Jean Centeno-Dijamco and Paolo S. Teston as associate justices of the Court of Tax Appeals (CTA), the Presidential Communications Office (PCO) said on Wednesday. Ms. Centeno-Dijamco previously served as an undersecretary of the Department of Education, while Mr. Teston was director general of the Food and Drug […]
Read more →NIA distributes El Niño pumps
THE National Irrigation Administration (NIA) has distributed 16 diesel-powered water pumps to irrigators’ associations in Ilocos Norte as part of efforts to mitigate the impact of an expected strong El Niño. The pumps will provide supplemental irrigation to farms facing reduced rainfall, helping farmers protect crops and sustain production. NIA Region I Regional Manager Geffrey […]
Read more →DICT awards P348-M cloud deal
THE Department of Information and Communications Technology (DICT) has awarded a P348.5-million contract to software developer Novare Technologies, Inc. for cloud hosting services supporting the government’s eGovernment digital platforms. The project covers the establishment of secure enterprise-grade cloud infrastructure through Amazon Web Services to support the DICT’s centralized digital platforms. Separately, the agency issued a […]
Read more →Pioneer launches Biz e-Protect to shield SMEs vs evolving cyber risks
Pioneer Insurance has introduced Biz e-Protect, a cyber insurance solution that helps small and medium enterprises (SMEs) recover from cyber threats through coverage for financial losses, business interruption, and incident response costs. Pioneer Group Head Lorenzo Chan, Jr. shared, “Biz e-Protect aims to support SMEs facing risks such as cyberattacks, data breaches, digital fraud, ransomware, […]
Read more →PAGASA monitors two LPAs, rains to persist over Luzon
Two low pressure areas (LPAs) are being monitored within and outside of the Philippine Area of Responsibility (PAR), one of which will bring thunderstorms across large parts of Luzon, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Wednesday. The LPA within PAR was last located in the vicinity of Baao, Camarines […]
Read more →ABS-CBN Corp. to hold Annual Meeting of Stockholders on Aug. 19 via remote communication
Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com. Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.
Read more →AMA issues intellectual property rights notice
Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com. Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.
Read more →ASUS ExpertBook Ultra: Form and function, exemplified in a business laptop
ASUS ExpertBook Ultra, Flagship of the Industry. Period. With such an ambitious tagline, it is abundantly clear that ASUS intends to set sky-high expectations with its latest flagship. Built with elite specifications engineered specifically to power AI-driven enterprise workflows—and carrying a premium price tag to match—the ASUS ExpertBook Ultra aims to be the epitome of […]
Read more →Revenue concerns cloud Marcos’ proposed tax relief
By Justine Irish D. Tabile, Senior Reporter THE HOUSE Committee on Ways and Means will prioritize legislation implementing President Ferdinand R. Marcos, Jr.’s proposed tax relief, even as analysts questioned how the government plans to offset the estimated revenue losses of at least P50 billion. Marikina Rep. Romero “Miro” S. Quimbo, who heads the committee, […]
Read more →Marcos exempts new IT parks from ecozone moratorium in NCR
PRESIDENT Ferdinand R. Marcos, Jr. has exempted information technology (IT) parks and centers in Metro Manila from the ban on new Philippine Economic Zone Authority (PEZA) economic zones (ecozone) to encourage further expansion in the business process outsourcing (BPO) industry.
Read more →Power firms urge caution on removing system loss charges
ENERGY STAKEHOLDERS backed President Ferdinand R. Marcos, Jr.’s call to amend the 25-year-old power industry reform law but cautioned against a proposal to remove system loss charges from consumers’ electricity bills without first determining how the costs would be recovered.
Read more →CAB raises fuel surcharge to Level 13, ending six-period slide
THE Civil Aeronautics Board (CAB) will raise the passenger fuel surcharge to Level 13 for Aug. 1-15 from Level 8 in the second half of July, marking the first increase after a six-review-period downtrend in fuel surcharge levels.
Read more →SEC allows blockchain-based digital signing for corporate filings
THE Securities and Exchange Commission (SEC) has issued rules allowing companies and other registered entities to use a blockchain-based system to digitally sign and authenticate documents submitted to the regulator. SEC Memorandum Circular No. 23, Series of 2026, introduces the Verification of Electronic Records and Information Trust and Authentication System (VERITAS), which will integrate with […]
Read more →Globe deploys AI-powered voice security
GLOBE TELECOM, Inc. has partnered with e& Carrier & Wholesale Services (C&WS), the wholesale arm of global technology and telecommunications company e&, to strengthen its international voice services. “This partnership marks an important step in strengthening Globe’s international voice business for the future,” Globe Chief Commercial Officer Darius Jose R. Delgado said in a media […]
Read more →Developers seen expanding recurring-income portfolios
PHILIPPINE property developers are expanding their recurring-income portfolios through offices, hotels, mixed-use projects, and data centers, despite the latter’s significant land, energy, and infrastructure requirements, according to real estate consultancy Santos Knight Frank. Rick Santos, chief executive officer of Santos Knight Frank, described data centers as a significant but challenging growth area. “I think the […]
Read more →Logistics mega-deals lift industrial demand — CBRE
INDUSTRIAL and logistics demand rose 31% year on year in the second quarter, with the Laguna corridor accounting for 61% of take-up as logistics and distribution firms drove a surge in large warehouse leases, according to CBRE Philippines. In its second-quarter market report, CBRE Philippines said industrial and logistics demand reached 129,500 square meters (sq.m.), […]
Read more →