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Business World Philippines
Powell has used Fed Jackson Hole symposium to battle inflation and buoy jobs; he's now caught between both
US Federal Reserve Chair Jerome H. Powell used the central bank’s annual Wyoming research conference to promise inflation-fighting rigor when it was needed in 2022, then last year he came to the defense of the job market with promises of lower interest rates when the unemployment rate seemed on asteady rise.
2 min |
August 19, 2025
Business World Philippines
Filipino-Ghanaian artist traverses genres
Jewel Owusu releases new single ahead of EP
2 min |
August 19, 2025
Business World Philippines
Gold rebounds on soft Treasury yields
GOLD rose after hitting a two-week low, supported by lower US Treasury yields as investors awaited US President Donald J. Trump's meeting with Ukrainian President Volodymyr Zelensky and European leaders to discuss a peace deal with Russia.
1 min |
August 19, 2025
Business World Philippines
On investment promotion and world peace
Last week, the Philippine Statistics Authority (PSA) released the data on approved foreign investments for the second quarter (Q2) of 2025. I checked and compared Q1 and Q2 2025 results over the same period in 2024.
3 min |
August 19, 2025
Business World Philippines
Zelensky heads to Washington as Trump presses for Russia deal
Ukraine’s Volodymyr Zelensky and European leaders were scheduled to meet Donald J. Trump in Washington on Monday to map out a peace deal amid fears the US president could try to pressure Kyiv into accepting a settlement favorable to Moscow.
3 min |
August 19, 2025
Business World Philippines
Australia’s BlueScope logs profit dive as tariff ‘maze’ hits demand
AUSTRALIAN steel producer BlueScope said annual profit plummeted 90%, blaming a “maze” of tariffs imposed by US President Donald J. Trump for lower demand and a hefty write-down on the value of its US metal coatings unit.
1 min |
August 19, 2025
Business World Philippines
Superman actor Terence Stamp, 87
Terence Stamp liked to recall how he was on the verge of becoming a tantric sex teacher at an ashram in India when, in 1977, he received a telegram from his London agent with news that he was being considered for the Superman film.
1 min |
August 19, 2025
Business World Philippines
More international students turning to Asian universities as a refuge
For Jess Concepcion, a microbiology student from the Philippines, obtaining a doctorate from a university in the United States had been a dream. It was where most of his academic mentors had studied and done research, and he wanted to follow in their footsteps.
5 min |
August 19, 2025
Business World Philippines
PEZA sees 20-30 economic zone proclamations as best-case scenario
THE Philippine Economic Zone Authority (PEZA) said economic zone (ecozone) proclamations are likely to number 20-30 this year, based on the agency’s best-case target.
2 min |
August 19, 2025
Business World Philippines
Fisherfolk set to join P20 rice beneficiary list
THE Department of Agriculture (DA) said the beneficiary list of P20-per-kilo rice program will be expanded this month to include fisherfolk.
1 min |
August 19, 2025
Business World Philippines
Oil prices barely change in Asia as Russia supply concerns ease
Oil prices were largely unchanged on Monday after a drop in early trade, as the United States exerted no further pressure on Russia to end the Ukraine war through measures to disrupt its oil exports following a meeting of the leaders of both nations.
1 min |
August 19, 2025
Business World Philippines
Ruthless Swiatek downs Rybakina, faces Paolini in Cincinnati Open final
A RUTHLESS Iga Swiatek won 10 of the last 13 games to beat Elena Rybakina 7-5, 6-3 on Sunday and reach her first Cincinnati Open final after losing in the penultimate stage of the US Open tuneup event in each of the last two years.
2 min |
August 19, 2025
Business World Philippines
LBC Express returns to profitability in Q2
LBC EXPRESS HOLDINGS, Inc. has returned to profitability, recording a second-quarter (Q2) attributable net income of P31.68 million, a turnaround from a loss of P183.59 million, driven by lower expenses for the period.
1 min |
August 19, 2025
Business World Philippines
Batangas oil terminal operator seeks more fuel importers for P2-B storage facility
FUEL DEPOT OPERATOR Lemery Oil Terminal Corp. said it is seeking more fuel importers to lease space at its newly inaugurated P2-billion petroleum storage complex in Batangas.
1 min |
August 19, 2025
Business World Philippines
AJ Edu is fifth-best player while Brownlee emerges as fourth-best scorer in Asia Cup
GILAS Pilipinas big man AJ Edu and top gun Justin Brownlee made their presence felt in the just-concluded FIBA Asia Cup, landing in the Top 5 of key statistical categories as the Philippines wound up seventh overall in the Jeddah competition.
1 min |
August 19, 2025
Business World Philippines
Metro Manila air quality improved in 2024 due to Euro 4 fuel standards, says DENR
AIR QUALITY in Metro Manila improved significantly in 2024, largely due to emission-reduction programs including the enforcement of Euro 4 fuel standards since 2016, the Department of Environment and Natural Resources (DENR) said.
1 min |
August 19, 2025
Business World Philippines
Board etiquette
Directors of publicly listed companies (PLCs) and private corporations usually attend board meetings face to face now and must, of course, observe boardroom etiquette.
3 min |
August 19, 2025
Business World Philippines
It looks like a Trump-Putin-Xi world, but it’s really Orwell's
VLADIMIR PUTIN’s encounter with Donald Trump in Anchorage summons bad memories of past summits in Munich or Yalta, in which the destiny of smaller Eastern European nations was decided by greater powers without their participation. But a fictional model from the postwar era seems more prophetic.
7 min |
August 19, 2025
Business World Philippines
Why promoting competition is key to the Philippines’ long-term competitiveness?
WE often conflate competition and competitiveness, the terms frequently invoked in economic policy discussions, yet subtly distinct.
3 min |
August 19, 2025
Business World Philippines
PHL starts P100-M solar irrigation project in Ormoc
THE PHILIPPINES has invested P100 million in a solar-powered irrigation project in Ormoc City, Eastern Visayas, as part of efforts to boost renewable infrastructure spending to cut farm energy costs and improve food production.
2 min |
August 19, 2025
Business World Philippines
World champions Chelsea brought down to earth by Crystal Palace
A huge banner hailing the “Champions of the World” was unfurled in The Shed end of the Stamford Bridge stadium before Chelsea’s return to domestic action on Sunday hot on the heels of the club’s success at the Club World Cup last month.
1 min |
August 19, 2025
Business World Philippines
Google agrees to pay $36-M fine for anti-competitive deals with Australia telcos
Google agreed on Monday to pay a A$55-million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country’s two largest telcos to pre-install its search application on Android phones, excluding rival search engines.
1 min |
August 19, 2025
Business World Philippines
Thailand’s Q2 growth beats forecast but faces slowdown due to tariffs
Thailand’s economy expanded faster than expected in the second quarter on strong export growth ahead of US tariffs taking full effect, but momentum is likely to slow over the rest of the year, the state planning agency said on Monday.
1 min |
August 19, 2025
Business World Philippines
DMCI pushes phase 2 of Mulberry Place with P752-M investment
DMCI HOMES, INC. is allocating P752 million for the second phase of its Mulberry Place residential project in Taguig City, covering the construction of two new towers set for turnover by 2028.
2 min |
August 19, 2025
Business World Philippines
Air Canada fleet of planes remains grounded as striking union defies order to get back to work
Air Canada’s fleet of hundreds of planes remained grounded on Monday morning after striking flight attendants refused a government-backed order to get back to work and called on the airline to return to the bargaining table.
2 min |
August 19, 2025
Business World Philippines
Arthaland buys Cebu land parcels worth P2.5 billion for project use
LISTED real estate developer Arthaland Corp., through its subsidiary Furusato Land Corp. (FLC), has acquired a 50% interest in 14 land parcels along Banilad Road in Cebu City valued at P2.5 billion for a planned project.
1 min |
August 19, 2025
Business World Philippines
Asian equity markets scale fresh peaks on US interest rate policy
Share markets pushed ahead in Asia on Monday ahead of what is likely to be an eventful week for US interest rate policy, while oil prices were subdued as risks to Russian supplies seemed to fade a little.
2 min |
August 19, 2025
Business World Philippines
The phenomenon that is Sunshine
WHEN Sunshine, the latest film by Antoinette Jadaone, won the Crystal Bear at the Berlin International Film Festival in February, it piqued Filipinos’ curiosity.
4 min |
August 19, 2025
Business World Philippines
BoI sticks to P1.75-T goal for approved investments
THE Board of Investments (BoI) said it maintained its target for approved investment applications this year at P1.75 trillion.
1 min |
August 19, 2025
Business World Philippines
5-month foreign debt service bill creeping up to $5.9 billion
THE debt service bill on foreign borrowing was nearly $5.9 billion in the five months to May, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
2 min |