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Business World Philippines - January 23, 2026

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January 23, 2026

Philippines falling short of its RE targets, says S&P Global

THE PHILIPPINES may not be able to hit its renewable energy (RE) targets on time due to grid constraints and challenges in securing permits, according to S&P Global.

3 mins

Rice millers committed to higher farmgate prices for palay —DA

RICE MILLERS have committed to raising their buying prices for both wet and dry palay (unmilled rice), while importers agreed to an initial shipment of 300,000 metric tons (MT) to arrive by the end of February, ahead of the peak harvest season, the Department of Agriculture (DA) said.

2 mins

LoA issuance to resume within Q1

THE BUREAU of Internal Revenue (BIR) may resume the issuance of letters of authority (LoA) within the first quarter, as the agency seeks to boost revenue collection.

2 mins

InstaPay, PESONet transfers reach P24.7 trillion in 2025

DIGITAL PAYMENTS in the Philippines continued to grow in 2025 as transfers made through InstaPay and PESONet amounted to P24.745 trillion last year.

2 mins

World Bank urges more investment in primary healthcare to boost economy

ECONOMIES in the Asia-Pacific should invest in enhancing their primary healthcare services to avert productivity losses from chronic diseases which serve as a drag on economic growth, the World Bank said.

1 mins

Rice retail prices fall in early Jan.; meat up

THE retail price of rice declined year on year in early January, while meat and galunggong (round scad) prices increased, according to the Philippine Statistics Authority (PSA).

1 mins

PCC approves proposal by water refilling businesses to resolve price-fixing probe

THE Philippine Competition Commission (PCC) said it approved a proposal by an association of water refilling station operators to resolve an investigation into price-fixing.

1 mins

PHL seeking $305 million from World Bank to fund DTI-led project to raise SME productivity

THE PHILIPPINES will seek a $305 million from the World Bank to support small and medium enterprise (SME) investments in productivity and quality upgrades, with approval targeted for 2027.

1 mins

Agusan del Norte, Bohol port expansion contracts awarded

THE Philippine Ports Authority (PPA) said it awarded contracts for the Jagna Port expansion in Bohol and the Nasipit Port upgrade in Agusan del Norte.

1 mins

NCR domestic workers to get P800 monthly pay hike

DOMESTIC WORKERS in the National Capital Region (NCR) are set to receive a salary adjustment after the regional wage board approved an P800 increase in their minimum monthly pay.

1 mins

Megawide inks lease for P1.19-B Baguio City transport terminal

MEGAWIDE Construction Corp. has signed a lease agreement with the Baguio City Government to implement the P1.19-billion Baguio City Integrated Terminal (BCIT) project.

1 mins

Ayala Corp. plans up to P30-billion bond program

LISTED CONGLOMERATE Ayala Corp. has moved to secure regulatory flexibility for future fundraising after its board approved a plan to register up to P30 billion in peso-denominated bonds with the Securities and Exchange Commission (SEC).

1 mins

Cebu Pacific to complete turboprop transfer to Clark by March

BUDGET CARRIER Cebu Pacific Air, Inc. said it will complete the transfer of its turboprop operations from Ninoy Aquino International Airport (NAIA) to Clark International Airport by March.

1 mins

SPNEC seeks SEC nod for rebranding to MGEN Renewable Energy Holdings

SP NEW ENERGY CORP. (SPNEC) said it has applied for regulatory approval to change its corporate name to MGEN Renewable Energy Holdings, Inc., as part of a broader rebranding initiative within its parent group.

2 mins

Gaming sector seen to post modest growth this year

ANALYSTS expect the Philippine-listed gaming and casino sector to see modest growth this year, fueled by online gaming expansion and steady mass-market play at physical casinos, though performance is likely to vary across operators due to regulatory challenges, rising costs, and uneven market conditions.

2 mins

Globe, Nokia widen tie-up to offer new digital tools to businesses

GLOBE TELECOM, INC. said it has expanded its collaboration with Nokia Corp. to make network application programming interfaces (APIs) available to more users and businesses.

1 mins

Ayala Land unit signs five-year office lease with LANDBANK

THE OFFICE leasing unit of Ayala Land, Inc. (ALI) has signed a five-year lease agreement with Land Bank of the Philippines (LANDBANK) for 3,866.75 square meters of office and parking space at the Ayala Malls Manila Bay Corporate Center.

1 mins

PLDT, Smart deploy technology to improve connectivity in remote areas

PLDT INC. and its wireless unit Smart Communications, Inc. have deployed new technologies to enhance internet connectivity in remote and geographically isolated and disadvantaged areas (GIDAs).

1 mins

SEC says new rules on board directors expected this quarter

THE SECURITIES and Exchange Commission (SEC) plans to introduce new rules within the first quarter setting fixed terms for independent directors, as part of efforts to strengthen corporate governance and accountability in listed companies.

1 mins

Missing the point – and falling further behind

In our “In Brief” for New York-based GlobalSource Partners last Monday, and in my interview with Cathy Yang on Money Talks that same day, we addressed a simple but consequential question:

5 mins

Please, world leaders, don't appease America

PRESIDENT Donald Trump pounces on weakness, but retreats from strength.

5 mins

The economics of nuclear power

THE Philippine government has been laying the legal, institutional, safety, and diplomatic groundwork for nuclear energy.

5 mins

Thinking through recombinant capital

THE innovation race is leaving us behind.

5 mins

VW bares stronger cash flow despite Porsche woes and weak China sales

Volkswagen (VW) on Wednesday reported better-than-expected net cash flow in 2025 of €6 billion ($7 billion), despite Europe's largest carmaker struggling with weak China sales, US tariff worries and difficulties at luxury sports brand Porsche.

1 mins

Crypto firm BitGo raises $212.8M in US IPO

CRYPTO CUSTODY startup BitGo Holdings priced its US initial public offering (IPO) above its indicated range on Wednesday, raising $212.8 million and paving the way for the first stock market debut by a digital asset company in 2026.

1 mins

US equities gain as investors cheer Greenland deal

WALL STREET ended higher on Wednesday, with the S&P 500 posting its biggest one-day percentage gain in two months, as investors were buoyed by news that a framework for an agreement on Greenland had been reached and the possibility of new US tariffs on European allies had been averted.

1 mins

Gold rises as Trump eases tariff rhetoric

GOLD PRICES trimmed gains on Wednesday, retreating from a record peak, after US President Donald J. Trump backed down from some of his sternest threats over Greenland.

1 mins

Court rules TikTok can continue to operate in Canada for now

CANADA'S federal court on Wednesday overturned a government order to close TikTok’s Canadian operations, allowing the short-video app to keep operating for now, and told Ottawa to review the case.

1 mins

Oil prices up on Kazakh oilfield closures, slow Venezuela exports

HOUSTON — Oil prices closed 0.5% higher on Wednesday on optimism around tighter supply after a temporary shutdown at two large fields in Kazakhstan and as low volume of Venezuelan oil exports highlighted slow progress in reversing output cuts in the South American country.

1 mins

Eala is all set as PHL becomes part of women’s pro tennis circuit

AND there’s the formality. Alexandra “Alex” Eala is all set for her first-ever home tournament when she spearheads the historic Philippine Women’s Open (PWO) on Jan. 26 to 31 at the Rizal Memorial Sports Complex Tennis Center in Manila on the heels of a historic main draw debut in the Australian Open (AO) in Melbourne.

3 mins

Time to right the ship

The 2025-26 season began with promise for the Knicks.

2 mins

TNT braces for SMB adjustment in game two of Philippine Cup Finals

EVEN if it was a winning performance, TNT's errors in the PBA Season 50 Philippine Cup finals opener were so glaring that it was the first thing coach Chot Reyes pointed out post-game.

1 mins

PHL: China patrols edging closer to Luzon

CHINESE MARITIME FORCES moved closer to Philippine shorelines last year as Beijing sought to tighten control over the contested Scarborough Shoal, prompting Manila to extend the deployment of its coast guard vessels in the South China Sea, Philippine authorities said on Thursday.

1 mins

Manila may lose aid as US pulls out of global treaties

THE Philippines may face risks to funding for disaster preparedness and climate resilience programs following the US withdrawal from several international treaties, analysts said, warning that reduced participation by Washington in multilateral frameworks could weaken development assistance flows.

1 mins

Palace flags risks if peso slides to P60 versus dollar

PHILIPPINE President Ferdinand R. Marcos, Jr. hopes the peso does not weaken to P60 against the dollar since a sharper depreciation would raise costs across the economy and add pressure to government debt, Malacañang said on Thursday.

2 mins

Groups try fresh ouster complaints vs Marcos; House declines case filings

TWO separate groups tried to file fresh impeachment complaints against Philippine President Ferdinand R. Marcos, Jr. on Thursday, but the House of Representatives declined to receive the documents, citing the absence of its secretary-general.

3 mins

AI and the finance sector: What will the BSP’s AI regulations look like?

Artificial intelligence (AI) has been described as a pivotal technology, a linchpin, a game changer — and all these descriptors seem particularly apt when it comes to the financial sector.

2 mins

Sun Life Philippines looking to boost digitalization initiatives

SUN LIFE of Canada Philippines), Inc. (Sun Life Philippines) will ramp up its technology investments to further expand its reach via online distribution platforms and create specialized products to cater to Filipinos’ varying insurance needs.

2 mins

'80s nostalgia seen with fresh eyes

Bagets the Musical gets ready for its audience

4 mins

Taylor Swift named to Songwriters Hall of Fame, second-youngest ever

Taylor Swift, 36, will become the second-youngest songwriter ever inducted into the Songwriters Hall of Fame, joining the ranks of Stevie Wonder, who was 33 when he was inducted in 1983, the organization announced on Wednesday.

1 mins

An ongoing journey towards modernized transport

TRANSPORTATION may very well be the very engine that keeps any economy running.

5 mins

Infrastructure meets inclusion: Redefining commuter experiences in 2025

THE PHILIPPINES has consistently ranked among the countries with the world's most congested urban corridors.

4 mins

Lees alle verhalen van Business World Philippines

Business World Philippines Description:

Uitgever: Philstar-Daily-Inc.

Categorie: Newspaper

Taal: English

Frequentie: Daily

BusinessWorld, the country’s leading business newspaper represents five decades of professional economic journalism. Founded in 1967 as Business Day, it is Southeast Asia's first daily business newspaper. BusinessWorld considered a standard of fairness, credibility and integrity in the journalistic world. Today, the business paper comes out Mondays through Fridays (with a Saturday exclusive online edition) with a national circulation of 151,000 as of 2016.