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Business World Philippines
Oil prices slide anew as US, IEA bearish supply guidance weighs
Oilprices fell to over two-month lows on Wednesday after bearish supply guidance from the US government and the International Energy Agency (IEA), while investors eyed US President Donald J. Trump’s threat of “severe consequences” if Russia’s Vladimir Putin blocked peace in Ukraine.
1 min |
August 15, 2025
Business World Philippines
Filipinas draw with Myanmar, miss Asean Women’s MSIG Serenity Cup semifinals
THE Filipinas rallied to a 1-1 draw with Myanmar at the end of group play, consequently missing out on the semifinals and relinquishing the throne in the Asean Women’s MSIG Serenity Cup on Wednesday in Haiphong, Vietnam.
1 min |
August 15, 2025
Business World Philippines
Offshore wind auction on track for this year
THE Department of Energy (DoE) said the fifth round of the green energy auction (GEA-5) this year, which is dedicated to offshore wind, will keep the industry on track to start generating power by 2028.
1 min |
August 15, 2025
Business World Philippines
Chinese hotels turn to hawking food as guests tighten belts
Every evening, staff at Beiyuan Grand Hotel in Beijing set up street stalls selling freshly-cooked gourmet dishes trying to make up for falling revenue indoors as Chinese consumers and firms cut spending on travel, conferences and banquets.
2 min |
August 15, 2025
Business World Philippines
Gold up as Fed rate cut bets ramp up
GOLD ROSE on Wednesday, lifted by a weaker dollar and falling Treasury yields, as mild US inflation data cemented expectations for a US Federal Reserve rate cut in September and nudged up bets on additional easing later this year.
1 min |
August 15, 2025
Business World Philippines
BAP seeks legislative reforms to modernize PHL banking sector
THE BANKERS Association of the Philippines (BAP) is pushing for changes to laws on mandated credit and deposit secrecy to make these more relevant to current times and help modernize the banking sector.
2 min |
August 15, 2025
Business World Philippines
Providing broader, easier access to employees' healthcare
POOR HEALTH continues to affect a wide segment of the Filipino population, creating a cycle that takes a toll on both personal well-being and workplace productivity.
4 min |
August 15, 2025
Business World Philippines
Chamber backs Ang proposal for private sector-led flood control
THE Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCII) said it supported a proposal by San Miguel Corp. (SMC) Chairman Ramon S. Ang to lead a private-sector initiative to build flood-control projects in Metro Manila.
1 min |
August 15, 2025
Business World Philippines
Stocks go down on profit taking, fiscal concerns
PHILIPPINE STOCKS dropped on Thursday on profit taking after the market’s two-day climb and concerns over the country’s fiscal health.
2 min |
August 15, 2025
Business World Philippines
CK Hutchison’s $22.8-billion ports business deal in focus as conglomerate reports results
Investors will look for comments from CK Hutchison on the status of its $22.8-billion ports business sale to a consortium led by US investment firm BlackRock when the Hong Kong conglomerate reports its results on Thursday.
1 min |
August 15, 2025
Business World Philippines
Alliance Global Q2 income jumps 25% to P5.3 billion
ANDREW L. TAN-LED conglomerate Alliance Global Group Inc. (AGI) posted a 25% rise in second-quarter (Q2) attributable profit to P5.3 billion on a normalized basis, driven by its real estate and tourism segments.
2 min |
August 15, 2025
Business World Philippines
Vehicle sales slip in July as rains dampen demand
NEW VEHICLE SALES declined in July, as bad weather disrupted retail operations, a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed.
1 min |
August 15, 2025
Business World Philippines
Warner Bros., Viu launch new streaming bundle by 4th quarter
WARNER BROS. Discovery and Viu are set to offer a streaming bundle that offers HBO Max and Viu services in a single subscription by the fourth quarter.
2 min |
August 15, 2025
Business World Philippines
MSRP will remain during freeze on rice imports
THE maximum suggested retail price (MSRP) for imported rice will remain in place during the two-month suspension of rice imports ordered by President Ferdinand R. Marcos, Jr., the Department of Agriculture (DA) said on Thursday.
1 min |
August 15, 2025
Business World Philippines
Elizabeth Banks: grit, pies, and safety nets
How time flies. It feels just like yesterday when Jaime, a curious toddler with bright eyes, was running around at family gatherings.
2 min |
August 15, 2025
Business World Philippines
NBA clears Celtics’ $6.1-billion sale to Bill Chisholm
A GROUP headed by Bill Chisholm is set to take control of the Boston Celtics after the NBA Board of Governors unanimously approved the sale on Wednesday.
1 min |
August 15, 2025
Business World Philippines
Food Delivery and the hunger for truthful stories
Film on West Philippine Sea fisherfolk, sailors hits cinemas
4 min |
August 15, 2025
Business World Philippines
How managers avoid costly worker errors
IN THE WORKPLACE
3 min |
August 15, 2025
Business World Philippines
Sept. LEDAC to determine priority status of military pension reform
THE Legislative-Executive Development Advisory Council (LEDAC) meeting next month will determine whether military and uniformed personnel (MUP) pension reform remains on the priority legislation list, Budget Secretary Amenah F. Pangandaman said.
1 min |
August 15, 2025
Business World Philippines
Taylor Swift says new Showgirl album reflects joy of recent tour
Pop superstar Taylor Swift said her forthcoming album, the upbeat The Life of a Showgirl, was inspired by the joy she felt when she was performing around the world on her record-setting Eras Tour.
1 min |
August 15, 2025
Business World Philippines
Beauty and health concepts
BEYOND BRUSHSTROKES MARIA VICTORIA RUFINO
3 min |
August 15, 2025
Business World Philippines
Peso weakens vs dollar ahead of US PPI data
THE PESO weakened against the dollar on Thursday as players repositioned before the release of July US producer inflation data overnight.
2 min |
August 15, 2025
Business World Philippines
Remittances expected to drop next year, Visa survey finds
OVERSEAS WORKERS expect to cut down on their remittance over the next 12 months, with remittance recipients also expecting a drop-off, according to Visa, Inc., citing the results of a survey.
1 min |
August 15, 2025
Business World Philippines
Finding the missing link to innovation and growth
It might seem trivial that the Philippine economy grew by 5.5% in the second quarter, edging up from the 5.4% mark earlier this year.
4 min |
August 15, 2025
Business World Philippines
Filinvest Development profit surges 44% to P3.78B in 2nd quarter
GOTIANUN-LED Filinvest Development Corp. (FDC) reported a 44% year-on-year increase in second-quarter (Q2) attributable net income to P3.78 billion, driven by gains across its banking, real estate, power, hospitality, and sugar operations.
1 min |
August 15, 2025
Business World Philippines
Indian group to invest P4B in New Clark WTE project
THE Bases Conversion and Development Authority (BCDA) said on Thursday that an Indian company will lead a consortium that will invest P4 billion in a waste-to-energy (WTE) facility in New Clark City.
1 min |
August 15, 2025
Business World Philippines
Palace defends P4.5-B confidential and intelligence funds
MALACAÑANG on Thursday defended the Office of the President’s proposed P4.5 billion in confidential and intelligence funds (CIF), saying there is nothing wrong with secret funds as long as they are not tainted with corruption.
1 min |
August 15, 2025
Business World Philippines
CREC second-quarter profit jumps to P305.5M, revenue hits P1.26 billion
LISTED renewable energy company Citicore Renewable Energy Corp. (CREC) said its attributable net income more than doubled in the second quarter (Q2) to 305.47 million, driven by higher revenues.
1 min |
August 15, 2025
Business World Philippines
Biggest IKEA retailer names veteran Juvencio Maeztu CEO
The world’s biggest retailer of IKEA furniture said on Wednesday Chief Executive Officer (CEO) Jesper Brodin was stepping down after eight years, to be succeeded by Spaniard Juvencio Maeztu, the first non-Swede to lead the group.
1 min |
August 15, 2025
Business World Philippines
Saudi Arabia is losing its appetite for oil
YOU KNOW that horror movie trope where the babysitter gradually realizes the crazed killer is phoning, not from some distant location, but from inside the house? Something similar is happening in the oil market.
3 min |