Philippines News Today: Latest Market and Industry Updates
Philippines tax transparency push faces bank secrecy reform hurdle
The Philippines is under growing pressure to align its financial rules with global tax transparency standards as international information sharing becomes more automatic. Longstanding bank secrecy ...
National Power Corp. faces long-overdue receivables pressure in the Philippines
Financial strains at National Power Corp. deepen as the state-run utility carries billions of pesos in unpaid power bills tied to its off-grid electricity mandate. The unpaid receivables, some ...
Philippine debt ratio climbs to highest level since 2004 as growth slows
The Philippines' debt-to-GDP ratio rises to 66.9% at the end of the third quarter, reflecting a larger government debt burden against a weaker economic backdrop. The ratio moves up from 66% at the ...
Philippine House orders review of 2026 budget projects, prepares transparency portal
The Philippine House of Representatives is stepping up oversight of spending under the 2026 national budget as scrutiny builds over congressional amendments to the proposed 2027 budget. Speaker ...
Philippine senators seek super El Niño calamity declaration to unlock response funds
Agricultural losses linked to super El Niño are intensifying pressure on the Philippine government to expand emergency support in affected and threatened areas. A Senate resolution filed on ...
Philippines job shortage risks wasting graduate skills as unemployment rises
A growing mismatch between the Philippines' expanding pool of graduates and the availability of stable, productive work is raising concerns about lost economic potential. September unemployment ...
Philippines fuel retailers face steep gasoline price rollback as global crude eases
Philippine motorists are set to see a sharp cut in pump prices this week as international crude retreats amid expectations of easing tensions involving the U.S. and Iran. The projected rollback ...
Philippine Senate panel eyes spending push after weak economic growth
The Philippine Senate is preparing targeted measures to speed up public spending after the economy posts a weaker-than-expected 2.1% growth rate in the third quarter of 2026. The planned response ...
Wilcon Depot Q3 profit drops on higher costs, weaker demand
Wilcon Depot posted lower third-quarter earnings as operating costs rose faster than sales and softer customer demand weighed on store performance. The Philippine home improvement retailer says ...
Converge keeps 2026 revenue target as third-quarter profit declines
Philippine broadband provider Converge ICT Solutions is maintaining its full-year revenue growth target of 4% to 6% even as third-quarter earnings come under pressure from faster-rising costs. The ...
DTI Mimaropa trade fair books P9.3 million in orders as MSME demand rises
Regional producers in Mimaropa are expanding their market reach through a government-led trade fair in Metro Manila. The latest four-day event generated P9.3 million in sales and orders, with many ...
Philippines pork imports face 60-day suspension as hog raisers seek higher tariffs
The Philippines is moving to curb pork imports as domestic hog producers struggle with weak farmgate prices and mounting losses after years of heavy import competition. The Department of ...
Bureau of Internal Revenue maps digital tax overhaul through 2028
The Philippines' tax administration is entering a new reform cycle as the Bureau of Internal Revenue sets out a three-year plan to modernize compliance, enforcement, and taxpayer services. The ...
PHINMA earnings are supported by education as property, materials units post losses
PHINMA Corp. posts attributable net income of P306.19 million for the first nine months of 2026 as its education business offsets weakness in other units. The conglomerate reports consolidated net ...
Philippines business name registrations edge up in October as retail and food services lead
Business name registrations in the Philippines post modest growth in October, pointing to continued activity in consumer-facing sectors despite a slower pace. The increase is concentrated in ...
Megaworld office lease renewals outpace new take-ups in Philippines portfolio
Office demand remains steady across Megaworld Corp.'s township network in 2026, with lease renewals making up the larger share of transactions during the first nine months. The mix highlights ...
SM Prime plans up to P100 billion 2027 capex as mall projects take priority
SM Prime Holdings is weighing capital expenditures of up to P100 billion in 2027 as it keeps investing across its property portfolio despite softer housing demand. The company says it will be more ...
BCDA land leases lower capital burden for leisure developers in Clark and Baguio
Long-term leases on government-owned land are offering leisure developers a way to limit upfront property costs and direct more funding into resort, tourism and dining projects. The view follows ...
Metro Manila office market faces PEZA timeline risk as firms weigh site selection
Developers in Metro Manila continue to seek economic zone accreditation for office projects as occupiers prioritize locations that can qualify for fiscal incentives. Unclear timing for ...
Philippines flexible workspace demand rises as office leasing slows
Economic and geopolitical uncertainty is pushing more companies in the Philippines toward flexible office space instead of long-term conventional leases. The shift is strengthening demand for ...
Philippine peso slides as U.S. rate hike bets, weak GDP weigh on currency
The Philippine peso weakens sharply against the U.S. dollar as stronger U.S. jobs data lift expectations of another Federal Reserve rate increase and add pressure on emerging-market currencies. ...
