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🇵🇭 Philippines News Archive

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BusinessWorld Nation

Judiciary Leadership Transition: JBC Invites Senior Justices for Chief Justice Post

The Judicial and Bar Council (JBC) has invited five senior associate justices of the Supreme Court (SC) to apply for the chief justice post, which will become vacant in November. This selection process, overseen by President Ferdinand R. Marcos, Jr., highlights the executive's influence on the judiciary.

BusinessWorld Nation

Marcos Orders Strict Enforcement of No-Build Zones Amid Flood Crisis

Amid ongoing heavy rains and flooding, Philippine President Ferdinand R. Marcos, Jr. has ordered government agencies and local government units to strictly enforce climate-related regulations, particularly 'no-build zones,' suggesting past failures in law enforcement may have been due to political connections.

BusinessWorld Nation

Indonesian Haze Worsens Metro Manila Air Quality to Dangerous Levels

Transboundary haze from forest fires in Kalimantan, Indonesia has worsened air quality in Metro Manila, Philippines, to "very unhealthy" and "acutely unhealthy" levels. Government agencies are advising residents to limit outdoor activities and wear masks.

BusinessWorld Nation

Philippine Senators Demand Flood Control Overhaul Amidst August Storms

Following widespread flooding in the Philippines due to successive typhoons and monsoon rains in August, senators have filed resolutions demanding a review of flood control projects and disaster resilience measures. Infrastructure damage is estimated at P5.1 billion, with calls for a science-based national policy and a public database tracking flood control spending.

BusinessWorld Nation

Philippines Reaffirms South China Sea Claims, Rejects China's Assertions Based on International Law

The Philippines' National Maritime Council (NMC) rejected China's claims regarding Second Thomas Shoal (Ayungin Shoal) and the grounded BRP Sierra Madre, reaffirming the nation's stance based on international law. The NMC emphasized that the shoal lies within the Philippines' Exclusive Economic Zone (EEZ), citing the 1982 UN Convention on the Law of the Sea and the 2016 Arbitral Award.

BusinessWorld Nation

P10.16-B Presidential Budget Approved Amid Transparency Debate

The Philippine House Committee on Appropriations approved the P10.16-billion budget for the Office of the President for 2027. Despite calls for greater scrutiny from some lawmakers regarding confidential funds and controversies, deliberations were shortened due to parliamentary courtesy.

BusinessWorld Nation

Metro Manila Workers Lose P2.5 Billion Due to Stalled Minimum Wage Hike

Over 1.1 million workers in Metro Manila have lost an estimated P2.5 billion in wages due to the stalled implementation of a minimum wage increase, labor groups reported. They highlighted daily losses of around P66 million and urged authorities to enforce the wage order.

BusinessWorld Nation

Senate Approves Bill to Streamline Condominium Redevelopment

The Philippine Senate has approved on final reading the Condominium Redevelopment Act, a measure aimed at protecting unit owners and occupants by streamlining the redevelopment process for aging condominium buildings and offering tax incentives.

BusinessWorld Nation

Comelec Warns P9-B Budget Cut Jeopardizes 2028 Elections

The Commission on Elections (Comelec) warned that a P9-billion cut from its 2027 budget could jeopardize the 2028 national elections, citing potential shortages in voting machines and increased voter queues.

BusinessWorld Nation

Palace: No Proposal Yet for Pax Silica Data Center Outside Clark

The Philippine Palace stated there is no concrete proposal yet for building a data center outside New Clark City under the Pax Silica framework. Any investment project must strictly comply with government regulations, including environmental impact assessments.

BusinessWorld Nation

SC: Affidavits of Desistance Cannot Dismiss Trafficking Cases

The Philippine Supreme Court ruled that affidavits of desistance from victims, especially minors, in human trafficking cases are "highly suspect" and cannot be grounds for dismissal. This strengthens victim protection by preventing coerced or influenced retractions by perpetrators.

Inquirer Business

PNB Holdings profit soars 85% ahead of listing

PNB Holdings Corp. reported an 85.3 percent surge in its first-half net income, driven by increased revenues from its property portfolio, ahead of its planned stock market listing. This performance signals a strong financial footing for pursuing growth opportunities.

GMA News Philippines

Sara Duterte impeachment trial schedule change ruling set for Sept. 2

The Senate impeachment court is expected to decide on September 2 whether to approve a proposal to adjust the schedule of Vice President Sara Duterte's impeachment trial, aiming to hasten proceedings. The court spokesperson indicated that the schedule might be retained, moved entirely to the afternoon, or become a mix of morning and afternoon sessions.

Rappler Philippines

Duterte asks ICC prosecution to refile cases months before trial

Months before his scheduled trial, former President Rodrigo Duterte's legal team has asked the International Criminal Court (ICC) to order the prosecution to refile the charges against him, arguing the current indictment is unfit for its purpose.

Rappler Philippines

Michael Poa as witness: Good or bad idea for the prosecution?

Michael Poa, spokesperson for Philippine Vice President Sara Duterte and part of her defense team in an impeachment trial, will testify as a prosecution witness. This move is tied to the trial concerning allegations of misuse of confidential funds from the Office of the Vice President and the Department of Education.

BusinessWorld Economy

Philippines' Animal Competitiveness Enhancement Fund Delayed to 2028

The Philippines' Department of Agriculture (DA) announced a delay in the rollout of the P20-billion Animal Competitiveness Enhancement Fund (AnCEF) from next year to 2028. This postponement is due to the need to comply with new General Appropriations Act (GAA) rules, requiring organizational charts, staffing plans, and approval from the Department of Budget and Management.

BusinessWorld Economy

Philippines Data Center Growth Hindered by Unstable Power Supply, Moody's Reports

Moody's Ratings identifies energy security constraints and unstable power availability as key bottlenecks hindering the Philippines' data center industry from achieving scale compared to regional peers. Rising oil prices due to Middle East tensions have exposed the vulnerability of the country's power supply.

GMA News Philippines

President's Office defends P4.5B confidential, intelligence funds for 2027 budget

The Philippine Office of the President (OP) is seeking P4.5 billion in confidential and intelligence funds (CIF) for its 2027 budget. Executive Secretary Ralph Recto defended the request, citing national security and law and order. He also highlighted the OP's unmodified opinion from the Commission on Audit (COA).

BusinessWorld Economy

Philippine Ecozones Need Right Blend of Infra, Perks for Data Center Boom

Philippine economic zones need the right mix of infrastructure, incentives, and investment support to attract data center expansion, according to the World Trade Center Association (WTCA). An expanded portfolio of IT parks and the lifting of a moratorium on IT center applications could boost potential.

BusinessWorld Economy

Philippines Economy Poised for Above 4% Growth in Q4

The Philippine economy may return to an above 4% growth path in the fourth quarter, buoyed by record employment, stronger exports and remittances, and an expected rebound in infrastructure spending. However, third-quarter growth is projected to remain tepid.

BusinessWorld Economy

LPG Prices to Decline This Month in Philippines

Liquefied petroleum gas (LPG) prices in the Philippines are expected to decrease by approximately P0.40 per kilogram this month, driven by international market fluctuations and exchange rates. This translates to a P4.40 reduction for a standard 11-kilogram cylinder, offering a modest relief to household budgets. The Department of Energy emphasizes transparent information to aid consumer decision-making.

BusinessWorld Economy

Philippines Explores Diverse Feedstocks for Bioethanol Expansion

The Philippine Departments of Agriculture and Energy are exploring cheaper and more diverse feedstocks to support the expansion of bioethanol production. This initiative aims to reduce gasoline prices and potentially increase the ethanol blend rate to 15% in the future.

BusinessWorld Economy

Philippines to Impose Mandatory Product Certification for Plastic Pipes

The Philippines' Department of Trade and Industry (DTI) is preparing to implement a mandatory product certification scheme for plastic pipes. This aims to ensure compliance with safety standards and prevent the distribution of substandard products in the market.

BusinessWorld Economy

Davao Transport Modernization Project on Track for 2028 Partial Operations

The Department of Transportation (DoTr) announced that the Davao Public Transport Modernization Project is on schedule, with partial operations expected by the first quarter of 2028. The initiative aims to enhance the safety and convenience of public transportation in the city.

BusinessWorld Economy

VAT Removal on System Losses to Cost Govt P10 Billion Annually

The Philippine government anticipates an annual revenue loss of approximately P10 billion due to the removal of the 12% value-added tax (VAT) on electricity system losses. The Department of Finance awaits a policy decision from the Energy Regulatory Commission, driven by the President's aim to reduce consumer burden.

BusinessWorld Economy

PIDS Urges Productive Investments in Philippine Education, Health Sectors

The Philippine Institute for Development Studies (PIDS) highlights that while investments in education and health are crucial for economic growth, their impact is limited if funds are not used productively. The focus should be on whether spending leads to lasting improvements in human capital and productivity, not just budget size.

Inquirer Business

Jollibee Eyes Hong Kong Listing for International Business Separation

Jollibee Foods Corp. (JFC), the Philippines' largest fast-food chain, is considering listing its international business on the Hong Kong Stock Exchange (HKEX) as part of a plan to separate its overseas operations. The move aims to broaden access to global and regional investors.

Inquirer NewsInfo

DepEd Denies Funds for Youth Summit Linked to VP Office

An Armed Forces of the Philippines witness testified that no Department of Education (DepEd) funds were directly channeled to the 2023 youth summit organized by the Office of the Vice President (OVP). The OVP maintains the summit was funded through its own resources.

Inquirer NewsInfo

Local Leaders Surrender 44 Loose Firearms in Maguindanao Norte Town

Local leaders and residents in Datu Odin Sinsuat town, Maguindanao del Norte, voluntarily surrendered 44 unlicensed firearms to the military on Monday as part of efforts to curb loose guns and foster peaceful communities. The surrender involved 25 out of 34 villages in the town.

Inquirer NewsInfo

PNP Ready to Train Schools on Detecting Red-Flag Behaviors

The Philippine National Police (PNP) is ready to conduct training sessions in schools to identify red-flag behaviors and guide adults on how to respond to warning signs involving children, expressing a willingness to collaborate with the Department of Education (DepEd).

Philstar Business

DMCI Homes Ventures into MICE Segment with Batangas Convention Center

DMCI Homes is entering the Meetings, Incentives, Conventions, and Exhibitions (MICE) market with the upcoming opening of a large-scale convention center in Batangas, Philippines. The venture aims to attract international events alongside domestic tourism, expecting to boost the local economy.