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Government rightsizing bill signed into law

Business World Philippines

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August 06, 2025

A MEASURE granting President Ferdinand R. Marcos, Jr. authority to reorganize and streamline agencies under the executive branch to remove redundancies and build a more efficient and responsive bureaucracy has been signed into law.

Republic Act (RA) No. 12231, also known as the Government Optimization Act, was signed and published in the Official Gazette on Monday. It will be effective 15 days from Aug. 4.

The new law, identified as a priority measure by the Legislative-Executive Development Advisory Council, authorizes the President to strengthen, merge, or abolish executive agencies and functions considered redundant or misaligned, while ensuring the protection of civil servants' welfare for a period of five years.

It also aims to promote and maintain efficiency and ethical accountability in the government, as well as enhance institutional capacity to improve public service delivery.

FLERE HISTORIER FRA Business World Philippines

Business World Philippines

NG gross borrowings decline in October

THE NATIONAL Government's (NG) gross borrowings declined in October amid a drop in foreign debt, the Bureau of the Treasury said.

time to read

2 mins

December 01, 2025

Business World Philippines

Business World Philippines

Honda Foundation extends aid to Typhoon Tino survivors

LATE LAST month, associates from the Cebu office of Honda Philippines, Inc. (HPI) representing Honda Foundation, Inc. (HFI) visited affected families in Barangay Cotcot, Liloan, Cebu.

time to read

1 min

December 01, 2025

Business World Philippines

Poll: Inflation likely eased in Nov.

HEADLINE INFLATION likely eased in November as lower prices of food, particularly rice, may have tempered higher utility costs during the month, analysts said.

time to read

3 mins

December 01, 2025

Business World Philippines

Business World Philippines

Filipinos push back as flood control scandal sparks fresh protest wave

BJ I. MABINI didn’t plan on joining a street protest. But when he saw videos of politicians’ relatives flaunting designer bags and luxury cars online — days after headlines warned that billions of pesos meant for flood control had vanished — he said he had reached his limit.

time to read

6 mins

December 01, 2025

Business World Philippines

Business World Philippines

The Good Meat elevates Noche Buena dishes with new twists

FOR FILIPINOS, Noche Buena is more than a feast.

time to read

1 min

December 01, 2025

Business World Philippines

Business World Philippines

SEVEN-SEATER CONTENDER

Mitsubishi unveils all-new Destinator

time to read

2 mins

December 01, 2025

Business World Philippines

Business World Philippines

DoST honors outstanding MSMEs at National Science, Technology and Innovation Week 2025

THE DEPARTMENT OF SCIENCE and Technology (DoST) recognized nine outstanding micro, small, and medium enterprises (MSMEs) under its Small Enterprise Technology Upgrading Program (SETUP) during the 2025 National Science, Technology, and Innovation Week (NSTW) held in Laoag City.

time to read

1 mins

December 01, 2025

Business World Philippines

PHL export prospects riding on tariff ruling by US Supreme Court

A US Supreme Court ruling on the reciprocal tariffs will shape the Philippines’ trade prospects as the justices grapple with President Donald J. Trump’s radical overhaul ofthe trading system, analysts said.

time to read

2 mins

December 01, 2025

Business World Philippines

PHL companies double down on sustainability – Schneider survey

ENERGY TECHNOLOGY SOLUTIONS provider Schneider Electric recently announced the results of its annual Green Impact Gap survey revealing that Philippine business leaders increasingly view sustainability as a driver of growth and competitiveness, even as they cite economic uncertainty and geopolitical instability as barriers to further sustainability investment.

time to read

1 mins

December 01, 2025

Business World Philippines

Rice, galunggong prices up, meat steady in mid-Nov.

PRICES of rice and galunggong (round scad) rose in mid-November, while pork and chicken prices were little changed, according to the Philippine Statistics Authority (PSA).

time to read

1 mins

December 01, 2025

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