The Department of Budget and Management (DBM) continues to work with Congress to ensure the passage of the proposed 2027 budget and avoid a reenacted spending program for next year, a top official said Friday.
The government is preparing policy revisions to tighten rules on the use of public funds, particularly to curb spending on activities billed as planning sessions but are essentially parties, the Department of Budget and…
DOE expects its microgrid auction to attract up to P27 billion and electrify 101,500 households across 369 remote areas.
The Philippine government, through the Department of Finance (DOF), has secured loan financing worth 212.7-million euro or about P14.98 billion from the World Bank - International Bank for Reconstruction and Development…
Cebu Pacific on Friday announced the cancellation of several flights between Manila and Riyadh amid escalating tensions in the Middle East.
The DA expects agricultural output to have contracted in 3Q26 after expanding in 2Q26, with weakness potentially extending through 1Q27 as El Niño intensifies.
The Securities and Exchange Commission (SEC) on Friday said it is proposing to raise the minimum capital floor for broker-dealers to update its capitalization rules, making it in line with international market standards.
Light Rail Manila Corporation (LRMC), the private operator of Light Rail Transit Line 1 (LRT-1), on Friday said it is addressing crowd flow and passenger congestion at the PITX Station of LRT-1.
Hapag-Lloyd has reportedly suspended new bookings to Manila, Batangas and Subic until December 31, citing port congestion and constraints on empty-container returns.
Flag carrier Philippine Airlines (PAL) on Friday announced it is extending the suspension of its Riyadh flights due to escalating tensions in the Middle East.
The Philippines is eyeing Bulacan as a gateway for artificial intelligence (AI) compute hardware for Asia and the world, as part of a long-term industrial strategy that extends beyond the planned Pax Silica hub in New…
Leyco explained that even the 5% interest rate hike by the Bangko Sentral ng Pilipinas in August is being outweighed by the surge in inflation.
Senate President Sherwin Gatchalian said that rising living costs, a sharp drop in public works spending, and slowing economic growth continue to drag on property development.
MANILA, Philippines —Diesel prices are expected to decrease, while gasoline is expected to go up next week due to the G7’s planned diesel reserve release, and China’s fuel export suspension, local oil industry sources…
As the city continues to grow as a tourism, business and economic hub, it faces the complex realities that come with urban expansion.
Natural gas can provide useful mid-merit and balancing services. That capability does not justify a uniform gas procurement across grids with different supply conditions and cost structures.
Motorists should expect mixed movements in fuel prices to be implemented in the coming week.
The Philippines plans to create a national oil reserve by the end of 2027 and is also working with Japanese agencies to study the feasibility of establishing a regional stockpiling location in the Philippines,, Energy…
TOKYO ─ Japan's Fast Retailing, owner of global clothing brand Uniqlo, booked its fifth consecutive record annual profit on Thursday, citing strong results in all regions and overcoming effects of a weak yen at home…
US stocks fell on Thursday as a surge in oil prices and Treasury yields near multi-year highs stoked inflation worries before a crucial earnings season expected to test recent market gains.
TAIPEI ─ Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, reported on Thursday record third-quarter revenue of T$1.49 trillion ($46.71 billion), beating the market forecast and…
Ten companies have been prequalified for a planned 3.840-gigawatt (GW) natural gas capacity auction, the Department of Energy said. The companies where identified as Panasia Energy Inc., Therma Cebu Gas-to-Power Inc…
Engineering and infrastructure company Megawide Construction Corp. has beefed up its housing portfolio under the government’s expanded Pambansang Pabahay Para sa Pilipino (4PH) program with P12.8 billion in new…
LONDON — Tesco, Britain's largest food retailer, raised the lower end of its full-year profit outlook on Thursday after delivering a better-than-expected 6.5 percent increase for its first half, despite summer heat…
THE Philippine Rice Industry Stakeholders Movement (Prism) has agreed to buy 100,000 metric tons (MT) of rice from the United States starting in 2027, under an agreement with the USA Rice Federation to revive and expand…
Bloomberry Resorts Corp. of tycoon Enrique Razon Jr. is expanding its digital gaming offering with a new platform that combines online gaming with live shows.
THE Philippines and France will expand cooperation in farm trade, research, food safety, animal health and climate-resilient agriculture, the Department of Agriculture (DA) said Thursday. Both sides signed a work plan…
LULULEMON Athletica on Wednesday named industry veteran and former Nike vice president Maggie Gauger its chief product officer as the struggling apparel maker overhauls its leadership under new CEO Heidi O’Neill…
Los Angeles-based Philippine Global Media Group and Philippine-based Media Touchstone Ventures Inc. have entered into an agreement to come up with a landmark coffee-table book on “Filipinos In California.”
US-BASED Koloma Inc. is seeking two more natural hydrogen exploration contracts in the Philippines following productive initial survey results, according to the Department of Energy (DOE). Energy Secretary Sharon Garin…
Business names registered with the Department of Trade and Industry fell by seven percent in September from a year ago amid weather disruptions and slower economic growth stemming from the from the ongoing Middle East…
WEAK consumer spending and investment are expected to continue weighing on the Philippine economy, with Bank of America (BofA) forecasting 2026 growth of below 3.0 percent. In its latest Asean Watch report, BofA said…
SCAMMERS are increasingly turning to digital wallets to move funds in the Philippines, with reported abuse of the channel having more than doubled in a year. The Global Anti-Scam Alliance (GASA), in its State of Scams…
The Department of Energy expects its microgrid auction to draw up to P27 billion in investments and bring electricity to more than 100,000 households in remote areas.
THE peso hit a fresh record low of P62.90 against the dollar on Thursday and the benchmark stock market index plunged 2.2 percent to 5,610.39 amid pressures from a strong dollar, rising oil prices and domestic concerns…
WASHINGON, D.C. — US Federal Reserve minutes released on Wednesday show most policymakers foresee another interest rate hike by year’s end, as the central bank targets stubbornly high inflation. At a meeting in…
The country’s maiden bundled airport project has been deemed as incomplete by the government, but its proponents are expected to complete the documents needed for the P21.64-billion plan to proceed.
THE country’s gross international reserves (GIR) fell below $100 billion in September to a three-year low amid Bangko Sentral ng Pilipinas (BSP) efforts to smooth peso volatility. Central bank data showed reserves were…
BANGKO Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. stirred public controversy when he testified in the Senate that the reason why the peso is depreciating and the economy is in the doldrums is because of our…
That's every story in Business for Fri 9 Oct.
Open this day's editionsThu 8 Oct in Latest