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🇵🇭 Philippines News Archive

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Philstar Business

Philippines and Hong Kong Deepen Economic Ties, Leveraging BRI for Synergy

The economic ties between the Philippines and Hong Kong are accelerating, with Filipino firm Jollibee acquiring Hong Kong's Tim Ho Wan and using the city as a base for international expansion. Under trade and investment agreements, Hong Kong serves as a platform for Philippine companies to enhance access to capital and markets.

GMA News Philippines

PH Gov't to Follow Up Interpol Red Notice Request for Zaldy Co in France

The Philippine government will pursue its request for an Interpol red notice against former lawmaker Zaldy Co, who faces plunder charges. The Secretary of the Interior and Local Government announced plans to follow up the request in France, seeking cooperation for the fugitive's potential extradition.

GMA News Philippines

Sara Duterte's defense cites self-incrimination right in impeachment trial

Vice President Sara Duterte's defense counsel asserted her constitutional right against self-incrimination, arguing she cannot be compelled to testify against herself in her impeachment trial. This comes after the House prosecution panel expressed intent to call Duterte to the stand.

GMA News Philippines

Romualdez Transfer to PNP General Hospital Under Consideration

The Philippine National Police (PNP) plans to file a motion with the court seeking custody of former House Speaker Martin Romualdez to transfer him from a private hospital to the PNP General Hospital, citing him as a flight risk.

Philstar Business

RCBC Named 'Remittance Bank of the Year' in the Philippines, Enhancing Support for OFWs

Rizal Commercial Banking Corporation (RCBC) has been honored as the 'Remittance Bank of the Year' in the Philippines at the Asian Banking and Finance (ABF) Awards. This recognition highlights the bank's innovation and contribution to remittance services for Overseas Filipino Workers (OFWs), driven by its transformation of the remittance experience through fintech adoption.

GMA Money Philippines

Cebu Pacific Launches 'Piso Sale' with Fares as Low as P1

Philippine budget carrier Cebu Pacific announced a 'Piso Sale,' offering one-way base fares as low as P1 for both domestic and international flights. Bookings are open until September 10 for travel between January 1 and March 31, 2027.

Rappler Philippines

Prosecution wants to call Sara Duterte to witness stand

In the impeachment trial of Philippine Vice President Sara Duterte, the prosecution team announced its intention to call the Vice President herself to the witness stand, citing her accountability. The defense team opposes this, invoking constitutional rights, while the court awaits a formal motion to rule.

GMA News Philippines

Romualdez Faces Plunder Charges; Authorities Pursue Co-Accused Abroad

Former House Speaker Martin Romualdez faces plunder charges totaling P7.4 billion, with an arrest warrant served while he was hospitalized. Authorities are pursuing the extradition of co-accused former lawmaker Zaldy Co, believed to be abroad, via Interpol.

GMA News Philippines

Prosecution Drops Remaining Witnesses in VP Duterte's Impeachment Trial

The House prosecution panel announced it will drop the remaining 15 witnesses for Article 1 of the impeachment case, concerning alleged misuse of confidential funds by Vice President Sara Duterte. Prosecutors argue the case has become clear based on presented evidence.

GMA News Philippines

Romualdez Arrest Warrant Served for P7.4 Billion Plunder Case

The Philippine National Police (PNP) has served an arrest warrant against former House Speaker Martin Romualdez in connection with a P7.4 billion plunder case. Romualdez was apprehended at a hospital where he was receiving medical treatment.

Inquirer Business

Philippine Peso Nears 63 Per Dollar Amid Record Lows

The Philippine peso has hit new record lows against the US dollar, approaching the 63-per-dollar mark. A strong US dollar and expectations of further US interest rate hikes are weighing on the local currency, with the central bank's intervention being closely watched.

Inquirer Business

Five ASEAN nations back PH-led oil stockpiling plan

Five Southeast Asian nations have expressed support for a regional oil stockpiling initiative proposed by the Philippines, aiming to bolster the bloc's resilience against supply shocks like those triggered by the Middle East conflict. The UAE has also indicated willingness to cooperate.

Inquirer Business

PH BPO Jobs Showing Resilience Amid AI Disruption, HSBC Says

The Philippines' business process outsourcing (BPO) sector is demonstrating resilience with continued employment growth despite AI disruptions, with HSBC suggesting AI may be boosting worker productivity. However, overall industry growth forecasts have been revised downward.

Inquirer Business

Weak Peso, Low Savings Signal Deeper Economic Strains in Philippines

The Philippine central bank governor linked the peso's weakness to low national savings, but experts argue this reflects deeper issues of insufficient income generation, low productivity, and weak institutions, rather than individual thrift. The report stresses the need for structural reforms to leverage the demographic dividend.

Inquirer Business

Customs Falls Short of August Target, Yet Sees Year-on-Year Growth

The Bureau of Customs (BOC) in the Philippines narrowly missed its August collection target due to weather-related shipping disruptions. However, it still managed to achieve a year-on-year increase of nearly P4 billion, signaling continued efforts towards its annual goal.

Inquirer Business

Top Tycoons Vie for Waste-to-Energy Projects in Philippine Energy Auction

The Philippine Department of Energy has qualified 11 corporate groups for a special auction to build waste-to-energy (WTE) facilities. Notable bidders include firms backed by major conglomerates like Metro Pacific, Prime Infrastructure, and San Miguel, signaling a new phase in the country's energy transition and waste management.

GMA Money Philippines

Filipino Joblessness Rises to 6.0% in July, Over 550,000 More Unemployed

The Philippines saw its unemployment rate climb to 6.0% in July from 4.9% in June, with over 550,000 more individuals jobless, bringing the total to 3.14 million, according to the Philippine Statistics Authority (PSA). This marks the highest jobless figure since December 2021.

Inquirer Business

74% of Metro Manila Commuters Rely on Ride-Hailing Apps

A survey by mobility provider inDrive reveals that 74% of Metro Manila residents have used ride-hailing apps in the past three months, citing time efficiency, weather, and accessibility as key drivers. Commuters book an average of three rides weekly, with demand peaking for trips from residential areas to urban centers.

Inquirer Business

Vista Land Poised to Navigate P24-B Debt Maturity in 2027

Philippine property developer Vista Land & Lifescapes Inc. is expected to manage its P24-billion debt maturing in 2027, with credit research firm CreditSights initiating coverage with a "buy" recommendation, citing refinancing options including asset sales and shareholder support.

Inquirer NewsInfo

House Probe Sought Over Visayas Power Woes Amidst Prolonged Blackouts

Prolonged rotational blackouts, lasting up to nine hours, are severely impacting economic activities and daily life in the Visayas region of the Philippines. A local congressman is calling for a congressional investigation into the power supply crisis, demanding accountability and stable electricity provision.

Rappler Philippines

Malaysia's 'Alliance Allergy' and its Eyes on Balabac

Malaysia has expressed concern over increased US military presence on the Philippine island of Balabac, highlighting differing strategic approaches between the two nations and potentially impacting ASEAN dynamics in the South China Sea.

Philstar Nation

DepEd Intensifies Anti-Bullying Measures in Schools, Angara Assures Lawmakers

The Department of Education (DepEd) in the Philippines is intensifying efforts to combat bullying and violence in schools, as assured by Education Secretary Sonny Angara during the deliberation of the proposed 2027 budget. While programs and the revised Anti-Bullying law are being implemented, a stabbing incident involving students highlights the ongoing challenges.

Philstar Nation

Senate Sets 3 Straight Weeks for VP Duterte Impeachment Trial in October

The Philippine Senate has finalized its schedule, allocating three consecutive weeks in October for the impeachment trial of Vice President Sara Duterte. Afternoons during this period will be dedicated to deliberations on the proposed 2027 national budget, a decision made amidst concerns over potential impacts on budget hearings.

Inquirer NewsInfo

NBI to Seek Immigration Lookout Order vs Leviste, 6 Others in 'Honey Trap' Plot

The National Bureau of Investigation (NBI) will request the Department of Justice (DOJ) to issue an immigration lookout bulletin order (ILBO) against seven individuals implicated in an alleged 'honey trap' plot against Executive Secretary Ralph Recto, including Batangas Rep. Leandro Leviste. The NBI had previously filed 'qualified human trafficking' complaints against the seven before the DOJ.