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Business World Philippines

AirAsia parent picks Bahrain as ME hub for expansion

CAPITAL A Bhd., which operates Malaysian budget airline AirAsia, is setting up Bahrain as its Middle East (ME) hub, part of a five-year plan to open new long-haul routes from Southeast Asia, including the Philippines.

1 min  |

November 05, 2025

Business World Philippines

South Korea's President Lee says economy has turned a corner

South Korean President Lee Jae Myung said on Tuesday the economy has turned a corner as risks related to geopolitics and corporate governance have been easing, which has boosted the local Kospi stock index beyond the 4,000 mark.

1 min  |

November 05, 2025

Business World Philippines

Rice inventory up 3.2% in Oct. as NFA holdings rise sharply

THE national rice inventory rose to 2.35 million metric tons (MMT) as of Oct. 1, up 3.2% year on year, the Philippine Statistics Authority (PSA) reported.

1 min  |

November 05, 2025
Business World Philippines

Business World Philippines

The politics of nepotism: How ‘nepo babies’ rule the Philippines

(This piece was originally published in The Benildean, the official student publication of De La Salle-College of Saint Benilde. It received an Excellence Award at the 11\" Philippine Student Quill Awards, the junior counterpart of the Philippine Quill Awards.)

4 min  |

November 05, 2025

Business World Philippines

S&P 500, Nasdaq rise on Amazon-OpenAI deal

The S&P 500 and the Nasdaq closed higher on Monday, with artificial intelligence (AI)-related deals driving much of the gains even as the US Federal Reserve's near-term monetary policy grew increasingly foggy due to scarcity of official US economic data.

2 min  |

November 05, 2025
Business World Philippines

Business World Philippines

Determining stockholder status in a corporation

One of the common disputes within corporations is the matter of stock ownership, which is material to determine quorum, voting rights, right to dividends, right to inspect corporate records, and preemptive rights, among others.

4 min  |

November 05, 2025

Business World Philippines

Nickel mining in Caraga singled out for damaging environment, livelihoods — report

MINING in northeastern Mindanao’s Caraga region has increased the local community's vulnerability to the climate crisis, damaged livelihoods, and increased food insecurity, according to an international climate and human rights group.

2 min  |

November 05, 2025
Business World Philippines

Business World Philippines

Egypt hopes vast new museum near the Pyramids will accelerate tourism revival

Egyptian officials are hoping the inauguration of a vast new museum last Saturday will accelerate the revival of a tourism industry hampered for more than a decade by internal upheaval, a pandemic, and regional conflicts.

2 min  |

November 05, 2025

Business World Philippines

Palace optimistic about turnaround after infra scandal dents investor confidence

THE GOVERNMENT is confident in a rebound following the infrastructure corruption scandal and a weak peso, with the economy being propped up by the business process outsourcing (BPO) and tourism industries and migrant worker remittances, the Palace spokesman said.

1 min  |

November 05, 2025

Business World Philippines

South Korea’s Samsung SDI in talks with Tesla to supply energy storage batteries as shares soar

South Korea’s Samsung SDI said on Tuesday it is in talks to supply energy storage batteries to Tesla, in an order that Korean media said could be worth more than three trillion won ($2.11 billion).

1 min  |

November 05, 2025
Business World Philippines

Business World Philippines

Co-leader Rain or Shine braces for tougher second half of Philippine Cup elimination

WITH four wins in five games, there's no arguing that it's been a good start for co-leader Rain or Shine (ROS) in the PBA Season 50 Philippine Cup.

1 min  |

November 05, 2025

Business World Philippines

ICI recommends new case, flags P72.3-M ‘ghost’ project

THE Independent Commission for Infrastructure (ICI) on Tuesday recommended the filing of cases over alleged “collusion” between former Public Works officials and contractors, involving a P72.3-million “ghost” flood control project in Bulacan.

2 min  |

November 05, 2025
Business World Philippines

Business World Philippines

First Gen eyes Agus-Pulangi hydro complex rehab to boost RE portfolio

FIRST GEN CORP. is exploring participation in the planned rehabilitation of the Agus-Pulangi hydroelectric power complex in Mindanao, as part of its push to expand its hydro portfolio and strengthen its renewable energy (RE) mix.

1 min  |

November 05, 2025

Business World Philippines

Women startup founders face capital, gender barriers

WOMEN-LED startups in the Philippines continue to face systemic barriers to growth — from limited access to funding to persistent gender bias — despite their growing influence in the country’s innovation economy, industry representatives said.

2 min  |

November 05, 2025
Business World Philippines

Business World Philippines

PHL insurance sector seen to sustain growth

THE PHILIPPINE insurance sector could post double-digit growth until next year as positive economic prospects could help drive spending and as the industry’s penetration rate remains low, the top official of East West Ageas Life Insurance Corp. (East-West Ageas) said.

2 min  |

November 05, 2025
Business World Philippines

Business World Philippines

Ohtani teases 'three-peat' as Dodgers parade draws Los Angeles crowds

Ecstatic Dodgers fans basked in the glow of their team's second World Series title in a row with a festive parade through the streets of downtown Los Angeles on Monday, days after a thrilling Game Seven win over the Toronto Blue Jays.

1 min  |

November 05, 2025

Business World Philippines

800 Filipino scam hub victims repatriated

THE DEPARTMENT of Migrant Workers (DMW) said it has repatriated 800 Filipinos who were recruited into illegal scam hubs across Southeast Asian countries, as it seeks to strengthen measures against illegal recruitment.

1 min  |

November 05, 2025

Business World Philippines

Megaworld Q3 profit edges higher on strong leasing and hotel growth

MEGAWORLD CORP. posted a modest rise in third-quarter earnings as its office, mall and hotel businesses continued to deliver steady gains, offsetting higher costs and softer residential margins.

1 min  |

November 05, 2025

Business World Philippines

ARTA, Ombudsman in deal to clear case backlog

THE Anti-Red Tape Authority (ARTA) and the Office of the Ombudsman said they signed an agreement to expedite the investigation of red-tape violations and alleged corruption.

1 min  |

November 05, 2025

Business World Philippines

Classic World Series

The stage was set for a celebration in Toronto, with 44,713 warm bodies crammed at Rogers Centre and rightly anticipating victory. There the Blue Jays stood, two outs from their first championship in 32 years and hitherto stifling the star-studded Dodgers. Unfortunately for the hosts, the sparks did come, but against them: in the ninth and then the 11th, as if they were fated to fail, and spectacularly.

2 min  |

November 05, 2025

Business World Philippines

Philippines starts war games amid South China Sea tensions

THE PHILIPPINES on Tuesday kicked off its annual military drills to test its armed forces’ ability to repel invasions as if being “already at war,” its top general said amid repeated incursions within its exclusive economic zone in the South China Sea.

2 min  |

November 05, 2025
Business World Philippines

Business World Philippines

Starbucks to sell China business control to Boyu

STARBUCKS said it would sell control of its operations in China to Boyu Capital in a deal that values the business at $4 billion — one of the largest divestments of a China unit bya global consumer company in recent years.

2 min  |

November 05, 2025

Business World Philippines

China’s Xi seeks to boost investment, expand economic ties with Russia

China’s President Xi Jinping on Tuesday sought to expand mutual investment with Russia and affirmed Beijing’s commitment to advance ties despite “turbulent” external conditions, Chinese state media reported.

1 min  |

November 05, 2025

Business World Philippines

Oil prices steady despite OPEC+ plan to pause output increases

Oil prices held steady on Monday as the market balanced the latest OPEC+ supply increase with the group’s plans to pause output increases in the first quarter of 2026 along with fears of an oil supply glut and weak factory data in Asia.

1 min  |

November 05, 2025

Business World Philippines

Typhoon Tino kills at least 3 people

THE DEATH toll from Typhoon Kal-maegi, locally called Tino, continued to climb on Tuesday as disaster officials receive initial reports from affected provinces after the powerful storm unleashed heavy rains and floods across the central Philippines, submerging homes and forcing thousands to evacuate.

2 min  |

November 05, 2025

Business World Philippines

Floor price for live hogs set at P210 per kilo

THE Department of Agriculture (DA) said it reached agreement with the pork industry to set a minimum farmgate price of P210 per kilogram for hogs on a live-weight basis.

1 min  |

November 05, 2025

Business World Philippines

Gold holds as focus shifts to jobs data

GOLD PRICES held steady on Monday, hovering around $4,000 per ounce, as investors hunkered down for US private payroll data due this week to assess the chances of an additional US Federal Reserve interest rate cut this year.

1 min  |

November 05, 2025

Business World Philippines

Review process for local PPP projects amended

THE Public-Private Partnership (PPP) Center has issued a resolution revising the approval process for PPP projects overseen by local governments, the Department of Economy, Planning and Development (DEPDev) said.

1 min  |

November 05, 2025

Business World Philippines

Knicks pull away in 41-point third, extend Wizards’ skid

JOSH HART scored 10 points during a decisive third-period run on Monday night for the host New York Knicks, who pulled away and beat the Washington Wizards 119-102.

1 min  |

November 05, 2025

Business World Philippines

PHL stocks rebound as players pick up blue chips

PHILIPPINE STOCKS rebounded on Tuesday as players picked up cheap shares of blue chips following the market’s recent weakness.

2 min  |

November 05, 2025