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Business World Philippines
PXP eyes long-term gains from exploration contracts — MVP
UPSTREAM OIL and gas company PXP Energy Corp.is bracing for an extended and capital-intensive exploration phase following the award of three new petroleum service contracts, Chairman Manuel V. Pangilinan (MVP) said.The exploration is “a long process and probably quite complicated,” he told reporters on Nov. 24. “It’s a long-term process, so we have to be patient... Many years [lie ahead] for PXP”
1 min |
November 27, 2025
Business World Philippines
Repower earmarks P10.3B for hydropower expansion
REPOWER Energy Development Corp.is allotting P10. 3 billion for the rollout of hydropower projects, it said in a stock exchange disclosure on Wednesday.
1 min |
November 27, 2025
Business World Philippines
BDO raises $500M from dollar bonds
BDO UNIBANK, Inc.has raised $500 million from its sale of five-year dollar-denominated bonds that marked its return to the offshore debt market after over three years as it saw strong demand, it said on Wednesday.The offering was more than 3.2 times oversubscribed, with tenders for the fixed-rate senior notes reaching about $1.6 billion, the Sy-led bank said ina disclosure to the stock exchange.
1 min |
November 27, 2025
Business World Philippines
Raslag, Singapore partner near close on Philippine wind JV
RENEWABLE ENERGY developer Raslag Corp.and Singapore-based Verdant Philippines Alpha Pte. Ltd. are poised to finalize a joint venture (JV) to acquire a controlling stake in PHESI Holdings Corp. , following approval from the Philippine Competition Commission (PCC).\"Raslag and Verdant can finally close the deal, so we are working on closing hopefully within the year,\" Raslag President Robert Gerard B. Nepomuceno said in a Viber message on Wednesday.
1 min |
November 27, 2025
Business World Philippines
Comelec clears Escudero, campaign donor in P30-M election contribution case
THE Commission on Elections (Comelec) has closed its motu proprio investigation into Senator Francis Joseph “Chiz” G.Escudero and businessman Lawrence R. Lubiano, finding no violation of the Omnibus Election Code in relation to a P30-million campaign contribution recorded during the 2022 national elections.
1 min |
November 27, 2025
Business World Philippines
Ex-commissioner acknowledges potential for BIR’s LoA to be abused
FORMER Bureau of Internal Revenue (BIR) Commissioner Kim S.Jacinto-Henares said the agency’s use of Letters of Authority (LoA) to look into taxpayers’ books remains crucial in meeting revenue collection goals, but acknowledged the risk of such orders to be abused without proper controls.
1 min |
November 27, 2025
Business World Philippines
PSE elects two new directors to board
THE Philippine Stock Exchange (PSE) on Wednesday elected Cecile L.Ang as its nonbroker director representing investors, and Jaime J. Bautista as an independent director following recent resignations from both posts.Ms. Ang, daughter of San Miguel Corp. Chairman Ramon S. Ang, was nominated by the San Miguel Corp. Retirement Plan. She will fill the vacancy left by Ferdinand K. Constantino, who stepped down effective Nov. 27, the bourse said in a disclosure.
1 min |
November 27, 2025
Business World Philippines
NG posts P11.2-B surplus in October
THE NATIONAL GOVERNMENT’S (NG) fiscal position swung to a surplus in October as revenues and expenditures declined amid a corruption scandal, the Bureau of the Treasury (BTr) said on Wednesday.
3 min |
November 27, 2025
Business World Philippines
Golden ABC plans 50-80 stores next year across six brands
PHILIPPINE FASHION retailer Golden ABC, Inc.plans to open 50 to 80 stores next year across its six brands, reflecting confidence in the retail sector and Filipino consumers despite expectations of tempered demand during the Christmas season.\"Of course, we continue to be hopeful,\" Chief Executive Officer Alice T. Liu told reporters on Monday. \"Filipinos are generally optimistic. In business, you can never pause; you have to continue growing. If you don’t grow, you regress.\"
1 min |
November 27, 2025
Business World Philippines
Congress begins talks to open P6.793-T budget bicam to public
THE House of Representatives and the Senate have begun talks to iron out rules for opening the joint congressional discussions on the proposed P6.
1 min |
November 27, 2025
Business World Philippines
Oil slides as Ukraine supports Russia peace deal
Oil prices settled over 1% lower on Tuesday after Ukraine hinted that an intense diplomatic push by the US administration to end Russia’s war against it could be yielding fruit.
1 min |
November 27, 2025
Business World Philippines
PPA expects to beat cargo volume, passenger traffic targets for 2025
THE PHILIPPINE Ports Authority (PPA) said cargo and passenger traffic this year have been stronger than expected, with targets expected to be exceeded when demand peaks in the fourth quarter.
2 min |
November 27, 2025
Business World Philippines
Stocks end higher as markets eye BSP, Fed cuts
STOCKS rebounded on Wednesday as investors bought cheap shares and amid bets on further monetary policy easing by both the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve at their meetings next month.
2 min |
November 27, 2025
Business World Philippines
PHL must strengthen Judiciary or risk losing reform gains, lawyer says
THE PHILIPPINES risks squandering the economic gains promised by recent tax and governance reforms unless it strengthens judicial credibility and modernizes regulatory frameworks, according to one of the country’s top lawyers, underscoring the growing importance of legal certainty amid corruption probes and policy noise.
1 min |
November 27, 2025
Business World Philippines
Chelsea turns on the style to crush 10-man Barcelona, 3-0
Chelsea rolled back the years with an imperious Champions League performance on Tuesday, sweeping aside a toothless Barcelona, 3-0, to take a hefty step towards securing an automatic qualifying place and leaving the Spaniards fighting to avoid a playoff.
1 min |
November 27, 2025
Business World Philippines
Japan’s gas power and lessons for the Philippines
I am in Japan’s fourth largest city by population size.
3 min |
November 27, 2025
Business World Philippines
EastWest to increase tech spend
EAST WEST Banking Corp.
3 min |
November 27, 2025
Business World Philippines
Gold steadies as US data reinforce Fed rate cut bets
GOLD PRICES held steady on Tuesday as softer-than-expected US retail sales data reinforced traders’ expectations that the US Federal Reserve will trim interest rates in December.
1 min |
November 27, 2025
Business World Philippines
NutriAsia bags gold, two silvers at 2025 Panata Awards
NUTRIASIA made waves at the 2025 Panata Awards bagging one Gold and two Silver trophies during the awards night held at the Fairmont Makati last Nov. 14.
1 min |
November 27, 2025
Business World Philippines
US carmaker Tesla struggles to course correct from sales skid
TESLA Chief Executive Officer Elon Musk has spent much of this year focused on the carmaker’s robotics pursuits and winning shareholder approval for his freshly minted $-trillion pay package.
2 min |
November 27, 2025
Business World Philippines
Communications industry skills mentorship program scaling up with regional partnerships
THE COMMUNICATIONS industry is increasingly challenged by skills gaps that are increasingly more apparent in the transition from school to workplace, COMCO Mundo said.
1 min |
November 27, 2025
Business World Philippines
Taiwan plans extra $40 billion in defense spending to counter China
TAIPEI — Taiwan will introduce a $40-billion supplementary defense budget to underscore its determination to defend itself in the face of a rising threat from China, President Lai Ching-te said on Wednesday.
1 min |
November 27, 2025
Business World Philippines
Filipina5 vs S. American heavyweight Argentina in Futsal World Cup
Matches on Thursday (PhilSports Arena)
2 min |
November 27, 2025
Business World Philippines
Environmentalists ask House to go slow on WTE measure
ENVIRONMENTALISTS said the House of Representatives needs to reconsider the priority status of a Waste-to-Energy (WTE) bill, citing the need for further study to ensure sufficient protections for public health and the environment.
2 min |
November 27, 2025
Business World Philippines
President Marcos calls for stronger action on climate resilience
PRESIDENT FERDINAND R.
1 min |
November 27, 2025
Business World Philippines
US slashes 36% off Medicare spending on 15 high-priced medicines
THE US MEDICARE health plan said on Tuesday that newly negotiated prices for 15 of its costliest drugs will save 36% on those medications compared with recent annual spending, or about $8.
1 min |
November 27, 2025
Business World Philippines
Taxing plastic bags
In August, the Senate revived the plastic bag tax discussion by introducing two new measures now pending in committee.
6 min |
November 27, 2025
Business World Philippines
DoF does not see corruption scandals affecting PHL ratings
THE PHILIPPINES is unlikely to face a credit rating downgrade as a result of its various corruption scandals, with macroeconomic fundamentals still intact, according to the Department of Finance (DoF).
1 min |
November 27, 2025
Business World Philippines
Google, the sleeping giant in global AI race, now 'fully awake'
SINCE the launch of ChatGPT three years ago, analysts and technologists even a Google engineer and the company's former chief executive officer have declared Google behind in the high-stakes race to develop artificial intelligence (AI).
1 min |
November 27, 2025
Business World Philippines
Magic demolish 76ers, set franchise scoring records
ANTHONY BLACK scored a career-high 31 points to highlight the Orlando Magic’s 144-103 annihilation of the host Philadelphia 76ers on Tuesday in an NBA Cup game.
1 min |