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Business World Philippines - September 01, 2025

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September 01, 2025

Bonoan resigns; Dizon named as DPWH chief

PHILIPPINE President Ferdinand R. Marcos, Jr. has accepted the resignation of Public Works Secretary Manuel M. Bonoan as the agency comes under investigation over alleged irregularities in multibillion-peso flood control projects.

3 mins

Poll: Inflation picked up in August

HEADLINE INFLATION may have slightly picked up in August as rising food and electricity costs were tempered by low rice prices, analysts said.

5 mins

Australia’s energy grid strategy holds key lessons for Philippines

SYDNEY, Australia - As the Philippines anticipates the entry of new capacity to meet growing electricity demand, the country should learn from Australia's coordination between transmission and generation.

3 mins

PHL economy on track to grow by 5.7% — Moody's

THE PHILIPPINE ECONOMY is on track to grow by 5.7% this year on the back of strong household spending, steady remittances and sustained public investments, Moody’s Ratings said.

2 mins

SEC says GOCC listing push in initial phase

THE Securities and Exchange Commission (SEC) has started work on a plan to bring government-owned and -controlled corporations (GOCCs) to the stock market after securing approval from the Department of Finance, with the goal of deepening investor participation and boosting the capital market, its chairman said.

1 mins

Ayala Land shares rise on MSCI rebalancing, foreign inflows

AYALA LAND, INC'S (ALI) share price rose last week after the Morgan Stanley Capital International (MSCI) rebalancing, a huge volume of net foreign inflows, and anticipation of interest rate cuts.

2 mins

NG gross borrowings fall to P166 billion in July

THE NATIONAL GOVERNMENT'S (NG) gross borrowings slipped by 12% in July as the decline in domestic issuances were partly offset by a sharp rise in foreign borrowings, the Bureau of the Treasury (BTr) reported.

2 mins

PHL businesses need structured data, clear governance policies to adopt AI — Hitachi Vantara

PHILIPPINE enterprises need to reduce unnecessary data and strengthen their artificial intelligence (AI) governance policies to generate significant value from their AI-related investments, according to data management and storage firm Hitachi Vantara.

1 mins

AirAsia Philippines expands Cebu operations with new services

AIRASIA PHILIPPINES is set to operate five new services from Cebu to further expand its hub and capture demand during the peak holiday season, the low-cost carrier said.

1 mins

ERC approves Meralco, First Gen power supply deal extension until 2026

THE ENERGY Regulatory Commission (ERC) has approved the request of Manila Electric Co. (Meralco) and a unit of First Gen Corp. to continue procuring power supply from a 1,000-megawatt (MW) gas-fired power plant in Batangas until Jan. 31, 2026.

2 mins

Lockheed Martin projects P50-billion impact, 2,000 jobs from PHL package

LOCKHEED MARTIN CORP., an American manufacturer of defense and aerospace equipment, said it expects to generate P50 billion in economic value from its investments in the Philippines, which include the establishment of repair facilities and knowledge transfer to support the country’s defense industry and workforce development.

2 mins

PHL needs broader investor base to mitigate volatile flows – BPI

STRENGTHENING the Philippine investor base could help mitigate any potential volatility when investment flows dry up, Bank of the Philippine Islands (BPI) Wealth Chief Investment Officer Luis Antonio Zialcita said.

2 mins

DTI P14-B budget pitch cites need to expand investment promotion

THE Department of Trade and Industry (DTI) said it hopes to obtain an additional P2 billion for its 2026 budget, citing the need for more investment promotion and industry support.

1 mins

PCA expects Europe, UAE to absorb more coconut exports

THE Philippine Coconut Authority (PCA) is banking on other markets to absorb coconut exports, with shipments to the US expected to slacken in response to the 19% tariff imposed on Philippine goods.

1 mins

Cracker Barrel logo is corporate mediocrity's latest casualty

THE latest battle in America’s woke wars featured a country-themed restaurant-and-store which gloried in the name of Cracker Barrel.

4 mins

Israel's killing of journalists follows a pattern of silencing Palestinian media that stretches back to 1967

Five journalists were among the 22 people killed on Aug. 25, 2025, in Israeli strikes on the Nasser Hospital in the Gaza Strip.

4 mins

Thailand-Cambodia Conflict: Open-ending the truce is better than full-scale war

YELLOW PAD BY ED QUITORIANO

4 mins

Partnership for health equity

Health is a fundamental human right. Everyone should have a fair opportunity to attain their highest level of health, regardless of social, economic, geographic, or demographic circumstances. This vision is at the core of universal healthcare (UHC), and it is why the research-based pharmaceutical industry remains committed to leveraging innovation to advance health equity.

3 mins

Quantum leap: Risks and rewards

For business leaders, the call to action is clear: prepare now, invest wisely, and shape the quantum future with confidence.

4 mins

PHL touted as potential golfing destination

THE Department of Tourism (DoT) said its Philippine Golf Experience (GolfEx) project hopes to position the Philippines as a premier golfing destination.

1 mins

BCDA shoots for P70B in investment approvals

THE Bases Conversion and Development Authority (BCDA) said it is hoping to double its investment approvals to P70 billion this year and breach P100 billion in funds remitted to the Treasury since 1993.

2 mins

Low end of GDP goal seen possible — DoF

IMPROVED household spending and base effects could boost the economy in the second half, helping the government meet the lower end of its 5.5% to 6.5% growth target, the Department of Finance (DoF) said.

2 mins

Bids solicited for Samar-Leyte, Panay railway feasibility study

THE Department of Transportation (DoTr) said it is soliciting bids from consultants for a bundled feasibility study covering a railway on Panay and another linking Samar and Leyte.

1 mins

Trump demand for Japan to buy more US rice stalled trade talks — report

A Trump administration request that Japan buy more US rice caused this week's snag in bilateral trade talks as Tokyo “strongly objected” to the condition, the Nikkei newspaper reported.

1 mins

Agri trade deficit in July widens to 4.9%

THE deficit in the agricultural goods trade in July rose 4.9% year on year to $929.78 million, according to the Philippine Statistics Authority (PSA).

1 mins

Jeremy Lin retires from pro hoops

JEREMY LIN announced his retirement from professional basketball via Instagram on Saturday night.

1 mins

Eduardo Rodriguez, Diamondbacks stifle Dodgers' offense

LEFT-HANDER Eduardo Rodriguez went six scoreless innings and Corbin Carroll hit a home run to break a scoreless tie in the seventh inning as the visiting Arizona Diamondbacks earned a 6-1 victory over the Los Angeles Dodgers on Saturday night.

1 mins

Fever nip Sparks

The Fever needed the win, and not simply because of the tightening playoff race. The Sparks had owned them all season: three meetings, three losses, each a veritable test they could not pass. The other day, however, they finally managed to flip the script - and at Crypto.com Arena to boot. By prevailing 76-75 on the road, they did more than keep their place in league standings; they proved they had the mettle to overcome physical and mental adversity against tough opposition.

1 mins

Pagdanganan positions for best finish of the season in Massachusetts tourney

BIANCA PAGDANGANAN positioned herself for a potential best finish of the season, turning in a fiery five-under 67 on moving day to soar to joint 10\" in the FM Championship Saturday in Massachusetts.

1 mins

Shakey’s Super League to retain the renewed three-leg format for the National Invitationals

THE renewed three-leg format of the Shakey’s Super League (SSL) National Invitationals in line with the brand’s 50\" anniversary is likely to stay from here on forward.

2 mins

PBA sets SMB-Gin Kings game in Dubai as part of Season 50

REIGNING Philippine Cup champion San Miguel Beermen and crowd favorite Barangay Ginebra will take centerstage as the PBA ventures in its first overseas gig in six years.

1 mins

Top ranks Sinner, Swiatek survive US Open scares in third round as Osaka-Gauff showdown looms

JANNIK SINNER and Iga Swiatek proved they are only human at the US Open on Saturday and showed that even the best players in the world have to figure things out on the fly sometimes when pure talent is not enough.

2 mins

Indonesia revokes lawmaker perks as Prabowo tries to end unrest

PRESIDENT Prabowo Subianto moved to quell widespread protests across Indonesia with parliament removing hefty lawmaker allowances that had sparked public outrage, while warning that firm action will be taken against violent demonstrators.

1 mins

US trading partners confused after tariff court loss

THE legal fight over President Donald J. Trump’s global tariffs is deepening after a federal appeals court ruled the levies were issued illegally under an emergency law, extending the chaos in global trade.

3 mins

Meralco bags top honor as 'Company of the Year' at the 21° Philippine Guill Awards

Manuel V, Pangilinanted Manila Electric Company (Meralco) has once again displayed excellence in business communications after amassing 36 awards and earning the highly coveted recognition as “Company of the Year” at the prestigious 21 Philippine Guill Awards.

1 mins

Priest who opposed drug war among Magsaysay winners

THE 67th Ramon Magsaysay Awards has honored three transformative leaders from Asia: a nonprofit advancing girls' education in India, a Maldivian diver-turned-environmentalist tackling plastic pollution and a Filipino missionary priest devoted to defending the dignity of the poor and victims of injustice.

1 mins

Ukraine eyes deeper trade ties with the Philippines

UKRAINE is moving to deepen trade and investment ties with the Philippines, with proposals for formal agreements in agriculture, technology and cybersecurity as Kyiv seeks new partners in Asia despite the ongoing war with Russia.

2 mins

Senator calls for crackdown on illegal e-sabong operators

A SENATOR has called on the Philippine National Police (PNP) and the National Bureau of Investigation (NBI) to crack down on online cockfighting, as it continues to operate despite being illegal.

1 mins

China reissues warning to students planning to study in the Philippines

CHINA'S MINISTRY of Education has renewed its warning to Chinese students considering studying in the Philippines, citing what it described as a worsening security situation for its nationals in the country.

2 mins

Treasury bill, bond rates may drop after BSP cut

RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) to be auctioned off this week could decline further after the Bangko Sentral ng Pilipinas (BSP) cut borrowing costs and signaled that they are nearing the end of their current easing cycle.

3 mins

Yields on government debt end mostly lower amid ‘less dovish’ BSP guidance

YIELDS on government securities (GS) traded at the secondary market closed mostly lower last week in anticipation of the Bangko Sentral ng Pilipinas' (BSP) third straight rate cut, although its less dovish tone after the policy decision led to some profit taking before the weekend.

2 mins

Shares to trade with bearish bias before key data

PHILIPPINE STOCKS could move sideways this week with a bearish bias as the market is likely to stay cautious before the release of key economic data at home and in the United States.

2 mins

Yields on BSP securities go down following latest cut in benchmark rates

YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) short-term securities ended lower on Friday after it delivered its third straight rate cut.

2 mins

Peso may strengthen vs dollar as US data bolster Fed cut bets

THE PESO could strengthen against the dollar this week as US data released on Friday bolstered expectations for a US Federal Reserve cut this month.

2 mins

Central bank sets indefinite moratorium on grant of new licenses to virtual asset service providers

THE BANGKO SENTRAL ng Pilipinas (BSP) has extended indefinitely its moratorium on the grant of new virtual asset service provider (VASP) licenses as it noted “heightened risks” in the sector.

2 mins

Spirit Airlines files for 2nd bankruptcy in a year as financial challenges persist

US no-frills pioneer Spirit Airlines filed for bankruptcy protection on Friday for the second time in a year after a previous reorganization failed to put it on firmer financial footing.

2 mins

S&P 500 ends lower as Dell and Nvidia drop

THE S&P 500 ended down from record highs on Friday, with losses in Dell, Nvidia and other artificial intelligence (AI)-related stocks, while investors parsed inflation data showing tariffs have started feeding into prices.

1 mins

Gold bullion on track for best month in four

GOLD PRICES rose around 1% on Friday and were poised for their best monthly performance since April, as US inflation data reinforced expectations that the US Federal Reserve could cut interest rates next month.

1 mins

US makes it harder for chipmakers SK Hynix, Samsung to manufacture chips in China

THE United States is making it more difficult for chipmakers Samsung and SK Hynix to produce chips in China by revoking authorizations that allowed the companies to receive American semiconductor manufacturing equipment there, according to the Federal Register.

2 mins

Carmaker Volkswagen’s Brazil unit ordered to pay $30 million for decades-old ‘slave labor’ case

Volkswagen’s (VW) Brazil unit has been ordered to pay 165 million reais ($30.44 million) in damages for subjecting workers on a farm to slavery-like conditions in the 1970s and 1980s, labor prosecutors said on Friday.

1 mins

Oil prices fall with expected low demand, upcoming supply rise

Oil prices fell on Friday as traders looked toward weaker demand in the US, the world’s largest oil market, and a boost in supply this autumn from OPEC and its allies.

1 mins

Good coffee, vinyl, and a Lexus

UNTIL SEPT. 23, Lexus Philippines blends \"good coffee and good records\" at Flat Six Café in Quezon City.

1 mins

Jetour holds 2nd Media Pet Day

IN LINE with the International Dog Day last Aug. 26, Jetour Auto Philippines, Inc. (JAPI) held its second annual Media Pet Day recently.

1 mins

TWIN STARS

UAAGI inaugurates flagship showrooms for BAIC and Lynk & Co

3 mins

Volvo Cars Philippines to raffle off ‘ultimate European holiday'

HARIPHIL ASIA RESOURCES, INC. (HARI), the official distributor of Volvo cars in the Philippines, invites customers to \"experience the brand at its most authentic - at the very heart of Sweden.

1 mins

All-new Mini JCW family now available

MINI ASIA and British United Automobiles recently announced the availability of the all-new Mini John Cooper Works (JCW) family comprised of five models epitomizing \"pure driving fun in its most powerful form and a unique driving experience.

3 mins

GWM PHL targets sales growth with key hires

LUXURIANT AUTOMOTIVE Group, Inc. (LAGI), the official importer and distributor of GWM vehicles in the Philippines, announced the recent appointment of two “seasoned automotive professionals” to its growing leadership team.

1 mins

Toyota Gazoo Racing Philippines eSports GT Championship qualifiers on

TOYOTA MOTOR PHILIPPINES (TMP) recently announced the start of its e-motorsports season with the launch of its refreshed sim racing tournament, the Toyota Gazoo Racing Philippines eSports GT Championship 2025 (TGR PH eSports GT Championship).

2 mins

Rotary Clubs of New Manila East, Daejeon Jungdo deliver dermatology equipment to Quirino Memorial Medical Center

IN A WORLD divided by borders but united by shared humanity, two Rotary clubs, thousands of miles apart, are showing what is possible when compassion takes the lead.

1 mins

Winford Resort & Casino Manila commits to 30% plant-based menu offerings by 2026

WINFORD RESORT & Casino Manila has become the first gaming complex in the Philippines to publicly commit to a comprehensive plant-forward initiative, earning recognition from international NGO Lever Foundation for its leadership.

1 mins

Virlanie Foundation marks 33 years of uplifting vulnerable children

WITH OVER 22,000 young lives touched, nonprofit and nonsectarian organization Virlanie Foundation, Inc. marked its 33rd anniversary with a celebration that honored its legacy of service and reaffirmed its mission to support vulnerable children in the Philippines.

1 mins

Loc&Stor 24/7 Pasig expands, now PHL’s largest self-storage facility

LOC&STOR 24/7’S Pasig facility has grown to become the largest self-storage facility in the Philippines in terms of square meter size.

1 mins

Pasay resumes free ride program powered by Toyota

IN SUSTAINING the benefits demonstrated by the Toyota Community Shuttle (TCS) program from December 2023 to last January, the City Government of Pasay announced the resumption of free shuttle rides for another year, starting Aug. 12. Toyota Mobility Solutions Philippines, Inc. (TMSPH) continues to be the digital mobility solution provider with a one-year free subscription to the ‘myTOYOTA Shuttle PH’ for optimized route planning and seat booking for passengers, as well as the ‘Toyota Fleet Connected Service,’ which provides vehicle usage and driving behavior data for administrator.

1 mins

Cabalen Group celebrates 39 years with photo contest, offers

FRESH FROM the heartfelt success of its 39\" anniversary celebration in August with CSR campaign “Piso Para Sa Kabataan,” The Cabalen Group continues the festivities this September under the theme “Sarap ng Salu-Salo” — a tribute to the joy of gathering, the timeless bonds built through the years, and the Filipino tradition that the best memories are made over shared meals.

1 mins

DBP lends P815 million for Bulacan social housing project

STATE-OWNED Development Bank of the Philippines (DBP) has extended a P815-million term loan to a mass housing developer for the construction of three residential buildings in Bulacan, heeding calls from President Ferdinand R. Marcos, Jr. to broaden support to the housing sector.

1 mins

Bulk water supply project emerging as viable solution to Iloilo's water challenges

THE ILOILO Bulk Water Supply Project is being considered a practical and reliable solution to secure water for the city’s future, thanks to its inclusive and transparent framework, ability to complement current and future infrastructure projects, and broad-based support from key public and private stakeholders.

1 mins

Muji offers exclusive drink at newly opened 9th store

THERE is a full range of household items, clothing, stationery, and food to be found at Muji, the Japanese minimalist lifestyle brand that now has nine stores in the Philippines.

2 mins

Giorgio Armani sees succession as a 'gradual transfer' of responsibilities

Giorgio Armani sees his succession as a gradual handover to his closest collaborators and family, the Italian fashion designer told the Financial Times on Friday, after poor health forced him to miss the recent Milan and Paris fashion shows.

1 mins

Developing barangay style

JOR-EL ESPINA and other designer friends opened a new store on Aug. 18, right beside Mr, Espina’s atelier in Makati.

1 mins

اقرأ جميع القصص من Business World Philippines

Business World Philippines Description:

الناشر: Philstar-Daily-Inc.

فئة: Newspaper

لغة: English

تكرار: 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.