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Business World Philippines

China’s Alibaba misses quarterly revenue estimates, but artificial intelligence boosts cloud business

CHINA’s Alibaba said on Friday artificial intelligence (AI) was key to expanding its cloud computing business, as it reported strong quarterly growth in the sector despite its wider operations missing revenue estimates.

2 min  |

September 02, 2025
Business World Philippines

Business World Philippines

Novak Djokovic makes Grand Slam history with commanding US Open win over Jan-Lennard Struff

Novak Djokovic made Grand Slam history at the age of 38 on Sunday with a commanding 6-3, 6-3, 6-2 victory over Jan-Lennard Struff, but the triumph came at a cost — his quarterfinal match falls on his daughter’s birthday.

2 min  |

September 02, 2025

Business World Philippines

P64 food poverty threshold set for revamp

THE Department of Economy, Planning, and Development (DEPDev) said it will overhaul the food poverty threshold in 2026, which is currently set at P64 per person per day.

1 min  |

September 02, 2025

Business World Philippines

DFA rejects China’s warning over ‘worsening security’ in Philippines

THE Department of Foreign Affairs (DFA) on Monday dismissed China’s latest travel advisory that warned Chinese citizens about the deteriorating security situation in the Philippines.

3 min  |

September 02, 2025

Business World Philippines

Three-peat looming for PLDT in PVL Reinforced Conference

FROM a team that hasn’t won once just two weeks ago, the PLDT High Speed Hitters have now collected two Premier Volleyball League (PVL) championships and a potential third could be looming over the horizon.

1 min  |

September 02, 2025

Business World Philippines

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 min  |

September 01, 2025
Business World Philippines

Business World Philippines

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 min  |

September 01, 2025

Business World Philippines

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 min  |

September 01, 2025
Business World Philippines

Business World Philippines

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 min  |

September 01, 2025

Business World Philippines

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 min  |

September 01, 2025

Business World Philippines

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 min  |

September 01, 2025

Business World Philippines

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 min  |

September 01, 2025

Business World Philippines

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 min  |

September 01, 2025

Business World Philippines

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 min  |

September 01, 2025

Business World Philippines

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 min  |

September 01, 2025

Business World Philippines

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 min  |

September 01, 2025

Business World Philippines

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 min  |

September 01, 2025
Business World Philippines

Business World Philippines

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 min  |

September 01, 2025
Business World Philippines

Business World Philippines

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 min  |

September 01, 2025
Business World Philippines

Business World Philippines

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 min  |

September 01, 2025

Business World Philippines

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 min  |

September 01, 2025

Business World Philippines

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 min  |

September 01, 2025

Business World Philippines

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 min  |

September 01, 2025
Business World Philippines

Business World Philippines

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 min  |

September 01, 2025

Business World Philippines

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 min  |

September 01, 2025

Business World Philippines

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 min  |

September 01, 2025

Business World Philippines

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 min  |

September 01, 2025

Business World Philippines

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 min  |

September 01, 2025

Business World Philippines

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 min  |

September 01, 2025

Business World Philippines

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 min  |

September 01, 2025