Newspaper
Business World Philippines
PSEi sinks to 6,200 level on economic concerns
STOCKS dropped for the third straight session on Monday, sending the bellwether index back to the 6,200 level, amid the lack of fresh leads and concerns regarding the Philippine economy’s growth outlook.
2 min |
August 12, 2025
Business World Philippines
ACEN International secures $100-million loan for projects
ACEN INTERNATIONAL, Inc., the global arm of ACEN Corp., secured a $100-million loan from MUFG Bank's Singapore branch, a major Japanese financial institution, to fund its renewable energy projects.
2 min |
August 12, 2025
Business World Philippines
Accor to revive Sofitel presence in Philippines with Cebu opening
ACCOR GROUP is set to open Sofitel Cebu City by late 2026 or early 2027, marking the return of the Sofitel brand to the Philippines following the closure of Sofitel Philippine Plaza Manila last year.
1 min |
August 12, 2025
Business World Philippines
Podul may intensify into typhoon — PAGASA
SEVERE TROPICAL STORM Podul, locally called Gorio, detected in extreme North Luzon may intensify into a typhoon before making landfall over Taiwan and exiting the Philippine area of responsibility (PAR) on Wednesday, the state weather bureau reported on Monday.
1 min |
August 12, 2025
Business World Philippines
Equities edge higher in Asia; Japan Nikkei futures near record top
Major share indexes crept higher in Asia on Monday as upbeat company earnings underpinned high valuations in the tech sector, while a crucial report on US inflation would likely set the course of the dollar and bonds.
2 min |
August 12, 2025
Business World Philippines
Marcos: 6,000 flood control projects lacked key details, bulk awarded to 15 firms
MORE than 6,000 flood control projects launched since 2022 lacked key details, President Ferdinand R. Marcos, Jr. said on Monday, noting most of which were awarded to 15 contractors.
2 min |
August 12, 2025
Business World Philippines
SoftBank selects investment banks for US public offering of payments app PayPay
SOFTBANK has selected investment banks to help organize a potential initial public offering (IPO) in the United States for its Japanese payments app operator PayPay, according to two people familiar with the matter.
1 min |
August 12, 2025
Business World Philippines
The Iloilo City way of good governance for shared prosperity
“Management — Excellence for a Progressive Philip- pines” is the 2025 theme of the Management Association of the Philippines (MAP). In the public sec- tor, Iloilo City shows how MAP’s theme works in practice.
3 min |
August 12, 2025
Business World Philippines
S. Korea's SK Hynix sees AI memory market to grow 30% a year to 2030
South Korea's SK Hynix forecasts that the market for a specialized form of memory chip designed for artificial intelligence (AI) will grow 30% a year until 2030, a senior executive said in an interview with Reuters.
3 min |
August 12, 2025
Business World Philippines
Hyun Bin on travel and acting
KOREAN actor Hyun Bin (real name: Kim Tae-pyung) made it a point to honor his Filipino fans at a press conference and fan meet in Manila on Aug. 8.
2 min |
August 12, 2025
Business World Philippines
Alibaba Cloud to power first Youth Olympic Games in Africa
ALIBABA Cloud recentlyannounced to power the Summer Youth Olympic Games (YOG) Dakar 2026 (“Dakar 2026”) — the first Olympic sporting event to be held in Africa — with its proven cloud and artificial intelligence (AI) technologies.
1 min |
August 12, 2025
Business World Philippines
Aboitiz, Yuchengco partner to expand TARI Estate in Tarlac
THE ABOITIZ Group's Lima Land, Inc. is entering into a joint venture (JV) agreement with the Yucheng-co group’s listed holding company House of Investments, Inc. (HI) to expand the TARI Estate in Tarlac.
2 min |
August 12, 2025
Business World Philippines
Prominent Chinese diplomat Liu Jianchao taken for questioning, sources say
Senior Chinese diplomat Liu Jianchao, widely seen as a potential foreign minister, was taken away by authorities for questioning in early August, five people familiar with the matter said.
2 min |
August 12, 2025
Business World Philippines
Australia to recognize Palestinian state at UN in September
Australia will recognize a Palestinian state at next month’s United Nations (UN) General Assembly, Prime Minister Anthony Albanese said on Monday, a move that adds to international pressure on Israel after similar announcements from France, Britain and Canada.
1 min |
August 12, 2025
Business World Philippines
Online gambling could be reined in via KYC, minimum bets, Go says
SECRETARY Frederick D. Go, the special assistant to the President for investment and economic affairs, said restrictions on online gambling could take the form of more comprehensive know-your-customer (KYC) rules.
2 min |
August 12, 2025
Business World Philippines
Linking Shores: Defending non-disputed waters and West Philippine Sea claims
Nine years after the Arbitral Tribunal’s ruling in its favor, the Philippines continues to face Chinese harassment in the West Philippine Sea (WPS) and, without an international enforcement mechanism, must act to protect its maritime boundaries.
3 min |
August 12, 2025
Business World Philippines
Peso climbs on BSP, Fed rate cut hopes
THE PESO gained against the dollar on Monday on expectations of rate cuts from both the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve.
2 min |
August 12, 2025
Business World Philippines
Umpire Jen Pawol earns praise after her day behind the plate
UMPIRE Jen Pawol had already written her name into the history books on Saturday when she became the first female umpire to officiate a regular-season major league game.
1 min |
August 12, 2025
Business World Philippines
Global growth and changing share in GDP
Last week the Philippine Statistics Authority (PSA) released three important pieces of data: GDP performance in the second quarter (Q2) of 2025, which was 5.5%; the infla-
3 min |
August 12, 2025
Business World Philippines
DoF expecting to file tax amnesty bill this year
FINANCE Secretary Ralph G. Recto said the government is studying a new general tax amnesty (GTA) measure, with the possibility of an estate-tax extension.
2 min |
August 12, 2025
Business World Philippines
Gold slips as market focus on Ukraine
GOLD PRICES slipped on Monday as market participants focused on US-Russia talks on the war in Ukraine, and July inflation data that could offer more insight into the US Federal Reserve's interest rate outlook.
1 min |
August 12, 2025
Business World Philippines
Creamline faces unbeaten PLDT in PVL semifinals
CREAMLINE looks to add another championship while PLDT eyes its first as the two face off in the semifinals of the Premier Volleyball League (PVL) on Tour at the Smart Araneta Coliseum.
1 min |
August 12, 2025
Business World Philippines
JG Summit income surges to P10.7B on core business gains
JG SUMMIT Holdings, Inc. posted a 175% jump in second-quarter (Q2) net income to P10.7 billion, driven by strong performances in its airline, real estate, and food and beverage businesses, reduced losses in its petrochemical segment, and gains from compensation related to aircraft engine issues.
3 min |
August 12, 2025
Business World Philippines
Manila Water expects to complete Wawa takeover by Sept.
EAST ZONE concessionaire Manila Water Co., Inc. expects to complete the takeover of the Wawa Bulk Water Supply from its parent company, Prime Infrastructure Capital, Inc. (Prime Infra), by September.
2 min |
August 12, 2025
Business World Philippines
3 films enter 73rd awards with 10 nominations each
THE Filipino Academy of Movie Arts and Sciences (FAMAS) announced the nominees for the 73rd FAMAS Awards on Aug. 10 through its official Facebook page.
1 min |
August 12, 2025
Business World Philippines
CMEPA: From law to implementation
On July 1, the Capital Markets Efficiency Promotion Act (CMEPA), or Republic Act No. 12214, took effect. As specifically provided in the law, the State recognizes the necessity of a simpler, fairer, more efficient, and regionally competitive passive income tax system to encourage savings, as well as develop and deepen capital markets.
4 min |
August 12, 2025
Business World Philippines
Disney settles lawsuit with fired Mandalorian actress Gina Carano
Walt Disney has resolved a legal dispute with actor Gina Carano over her firing from the Star Wars streaming TV series The Mandalorian, a spokesperson for Disney unit Lucasfilm said on Thursday.
1 min |
August 12, 2025
Business World Philippines
Big man AJ Edu ranks second in shot blocking in FIBA Asia Cup
AJ EDU is having a ball in his FIBA Asia Cup debut in Jeddah, Saudi Arabia.
1 min |
August 12, 2025
Business World Philippines
IC places health maintenance organization CareHealth Plus under liquidation
THE INSURANCE COMMISSION (IC) has placed health maintenance organization (HMO) CareHealth Plus Systems International, Inc. (Care-Health Plus) under liquidation effective Aug. 5.
1 min |
August 12, 2025
Business World Philippines
Crude oil prices slide as market eyes US-Russia talks on Ukraine
Crude oil prices fell in Asian trade on Monday, extending declines of more than 4% last week as investors awaited the outcome of talks between the US and Russia later this week on the war in Ukraine.
1 min |