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PHINMA's Philcement welcomes Sumitomo as minority shareholder
January 20, 2026
|Business World Philippines
PHINMA CORP, subsidiary Philcement Corp. said on Monday that Sumitomo Osaka Cement Co. Ltd. has officially acquired a 15% ownership stake in the local cement producer, completing the share subscription agreement signed in September 2025.
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“The transaction is aligned with Philcement’s strategy to expand its manufacturing operations and provide Filipino consumers with reliable, high-quality cement products under its legacy brand, Union Cement,’ the company said ina disclosu
هذه القصة من طبعة January 20, 2026 من Business World Philippines.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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Business World Philippines
Philippines advances disaster finance, bond market plans at ASEAN+3
THE Philippines has begun its co-chairmanship of the Association of Southeast Asian Nations Plus Three (ASEAN+3) finance process alongside Japan, aiming to strengthen regional financial resilience, deepen policy coordination and advance disaster risk financing initiatives, the Department of Finance (DOF) said.
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January 20, 2026
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Foreign debt service bill falls nearly 23% at end-October
THE PHILIPPINES' debt service on foreign loans went down by about 23% year on year at end-October as principal and interest payments fell, the Bangko Sentral ng Pilipinas (BSP) reported.
3 mins
January 20, 2026
Business World Philippines
IMF sees slower Philippine growth amid graft scandal, global shocks
THE PHILIPPINE ECONOMY may expand slower until next year as global uncertainties and the local corruption controversy continue to drag growth, the International Monetary Fund (IMF) said.
2 mins
January 20, 2026
Business World Philippines
When intent isn't enough: Governing inclusion at the board level
Much has been said about the importance of allyship in building inclusive workplaces, and rightly so. Encouraging leaders to act with intention, courage, and accountability has helped move the inclusion conversation forward in Philippine organizations. These efforts have expanded awareness, reduced defensiveness, and made it easier to speak openly about gender and power at work.
3 mins
January 20, 2026
Business World Philippines
Marcos faces impeachment complaint over flood control corruption scandal
PHILIPPINE President Ferdinand R. Marcos, Jr. is facing an impeachment complaint over allegations he profited from anomalous infrastructure contracts, escalating political pressure amid a multibillion-peso graft scandal.
3 mins
January 20, 2026
Business World Philippines
Netflix to stream Sony films globally after debut in cinemas
NETFLIX, INC. obtained global streaming rights to Sony Group Corp.'s films after they complete their run in theaters and pay-per-view, adding releases from one of Hollywood's biggest studios.
1 mins
January 20, 2026
Business World Philippines
ATRAM, UnionBank trust units complete merger
THE MERGER between the trust units of the ATR Asset Management Group (ATRAM Group) and Union Bank of the Philippines, (UnionBank) has been completed following approval by the Bangko Sentral ng Pilipinas (BSP) and registration with the Securities and Exchange Commission.
1 min
January 20, 2026
Business World Philippines
House committee targets Q1 passage of tax amnesty bill
THE House of Representatives Ways and Means Committee aims to pass a bill granting a general tax amnesty in the first quarter to give the chamber enough time to approve it by June, a lawmaker said, pushing swift congressional action so the measure could take effect as early as 2027.
2 mins
January 20, 2026
Business World Philippines
PHL discovers new natural gas source
THE PHILIPPINES has made its first major natural gas discovery in more than a decade, a development that could strengthen domestic energy supply and support rising power demand, President Ferdinand R. Marcos, Jr. said on Monday.
4 mins
January 20, 2026
Business World Philippines
BTr hikes T-bill award as yields on all tenors drop
THE GOVERNMENT upsized its award of the Treasury bills (T-bills) it offered on Monday as rates dropped across the board amid strong demand for safer assets amid the peso’s weakness and geopolitical concerns.
3 mins
January 20, 2026
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