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Business World Philippines

Financial system resources jump by 6.3% at end-August

THE TOTAL RESOURCES of the Philippine financial system climbed by 6.3% year on year in the first eight months, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.

2 min  |

October 16, 2025

Business World Philippines

Enforced empathy

True public service rests on empathy and responsiveness.

5 min  |

October 16, 2025

Business World Philippines

Gov’t urged to fulfill its commitments under CARS program

THE GOVERNMENT should fulfill its commitments to car manufacturers to ensure that the Philippines remains a competitive investment destination for foreign investors, business groups said.

2 min  |

October 16, 2025

Business World Philippines

Cash remittances hit $2.98B in Aug.

MONEY SENT HOME by overseas Filipino workers (OFW) went up by 3.2% year on year in August, as the weaker peso drove up the value of remittances, data from the Bangko Sentral ng Pilipinas (BSP) showed.

2 min  |

October 16, 2025

Business World Philippines

Haus Talk board approves P1-B bond offering

LISTED affordable housing developer Haus Talk, Inc. (HTI) has approved a P1-billion peso-denominated fixed-rate bond offering, with an oversubscription option of up to P1 billion.

1 min  |

October 16, 2025
Business World Philippines

Business World Philippines

Two Philippine culinary classics get a second life

RIDING on a renaissance of Filipino food (the first list of Michelin stars awarded to the Philippines is set for release later this month), Exploding Galaxies, the publishing house known for reviving lost classics, relaunched the books Sarap: Essays on Philippine Food by authors Doreen Fernandez and Edilberto Alegre, and Palayok: Philippine Food Through Time, On Site, In the Pot by Ms. Fernandez.

4 min  |

October 16, 2025
Business World Philippines

Business World Philippines

Cebu Pacific says Q3 passengers up 2.6%

CEBU AIR, Inc., the listed operator of budget carrier Cebu Pacific, said its passenger volume rose by 2.6% to 1.83 million in the third quarter (Q3), supported by strong domestic travel demand.

1 min  |

October 16, 2025

Business World Philippines

MPIW defends tariff adjustment, says increase to sustain operations

METRO PACIFIC Iloilo Water (MPIW) said the recent tariff increase approved by regulators is necessary to sustain its water distribution operations in Iloilo City amid rising costs.

2 min  |

October 16, 2025

Business World Philippines

Marcos trust rating dips amid flood scandal; Filipinos doubt ICI probe

PRESIDENT Ferdinand R. Marcos, Jr. and Vice-President Sara Duterte-Carpio’s trust ratings fell in September, according to a poll released late on Tuesday, amid a widening corruption scandal involving flood-control projects.

3 min  |

October 16, 2025

Business World Philippines

Megawide bags Megaworld contracts for Uptown Bonifacio, Newport projects

SAAVEDRA-LED Megawide Construction Corp. (MWIDE) has secured two new contracts from property developer Megaworld Corp. to build residential towers in its township developments in Taguig and Pasay.

1 min  |

October 16, 2025
Business World Philippines

Business World Philippines

Josie Conlu champions Filipino community in United Arab Emirates

FOR OVER 15 YEARS, Josie Conlu has been at the forefront of serving the Filipino and wider expatriate communities in Dubai.

1 min  |

October 16, 2025

Business World Philippines

Goodbye tension, hello pension: Part 1

Many of us look forward to retirement — the phase of life where we enjoy life and step away from the usual routines and responsibilities. However, in the Philippines, this dream can sometimes feel elusive. The reason is simple: the mandated retirement pay, and the SSS pension may not suffice for a comfortable life.

4 min  |

October 16, 2025
Business World Philippines

Business World Philippines

MakatiMed departments unite in courage-themed celebration

MAKATI MEDICAL CENTER (MakatiMed) celebrated the 30th anniversary of its Laser Center under the Department of Dermatology on Sept. 30 with a meaningful program in collaboration with Breast Imaging Center and Department of Psychiatry held at the 8F Tower 2 Auditorium.

1 min  |

October 16, 2025

Business World Philippines

Safe-haven gold hits record high above $4,100 on Fed rate cut bets, trade jitters

GOLD notched a fresh record high above the $4,100 level on Tuesday, lifted by expectations of a rate cut, this month by the US Federal Reserve and an investor flight to safety after a flareup in trade tensions between Washington and Beijing.

1 min  |

October 16, 2025

Business World Philippines

China to keep its ‘all about production’ economic playbook as rivalry with US intensifies

China’s Communist Party meets this month to map a five-year vision that prioritizes high-tech manufacturing in its quest to upgrade its sprawling industries and project global power as its rivalry with the US intensifies, analysts say.

1 min  |

October 16, 2025

Business World Philippines

FICCI Philippines to host Diamond Thanksgiving Gala Night

THE FEDERATION OF INDIAN Chambers of Commerce (Phil.) Inc. (FICCI Philippines) announces its Diamond Thanksgiving Gala Night, taking place on Wednesday, Nov. 19, at 7 p.m. at the Manila Ballroom A &B, Marriott Hotel, Newport Resorts World, Pasay City.

1 min  |

October 16, 2025
Business World Philippines

Business World Philippines

Transmission rates down in October billing

TRANSMISSION RATES will decline on this month’s electricity bills after the reduction in ancillary service (AS) and transmission wheeling rates, the National Grid Corp. of the Philippines (NGCP) sai

1 min  |

October 16, 2025

Business World Philippines

Go pitches EU investors on 'resilient' PHL

THE Philippines continues to be “strong and resilient” and represents a “perfect” opportunity for potential European partners, according to Secretary Frederick D. Go, head of the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA).

1 min  |

October 16, 2025

Business World Philippines

Yields on term deposits fall as BSP signals further rate cuts

YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits fell on Wednesday on strong demand for short-term papers amid expectations of further monetary easing.

2 min  |

October 16, 2025

Business World Philippines

Marcos: Budget bicam to be livestreamed

PHILIPPINE President Ferdinand R. Marcos, Jr. on Wednesday said discussions on the 2026 national budget would be livestreamed, marking the first time the bicameral conference committee will be opened to the public amid growing calls for transparency in the spending process.

1 min  |

October 16, 2025
Business World Philippines

Business World Philippines

PHL hoping to advance regional power grid plan at ASEAN summit

THE PHILIPPINES will seek to start discussions on an ASEAN-wide electricity grid when it chairs the regional bloc’s summit next year.

2 min  |

October 16, 2025

Business World Philippines

Protesting farmers say corruption has weakened gov't ability to aid farmers

FARMERS protesting outside the departments of Agriculture (DA) and Agrarian Reform (DAR) said the government has lost the capacity to aid farmers as a result of the funding lost to waste and corruption.

1 min  |

October 16, 2025

Business World Philippines

Proposal to cut up to P400B out of proposed budget 2026

My hypothesis on the ongoing corruption scan-dalin the country: As the size of the budget goes up yearly, the extent of corruption and waste also increases at a proportional rate (if not at higher proportion) as the overall budget expansion.

3 min  |

October 16, 2025

Business World Philippines

Philippines blasts Timor Leste to keep Group A lead of AFC Asia Cup Qualifiers in New Clark City Stadium

THE Philippines overcame a one-goal deficit before repeating over Timor Leste, 3-1, to maintain the Group A lead of the AFC Asian Cup Qualifiers on Tuesday night in Capas, Tarlac.

1 min  |

October 16, 2025

Business World Philippines

US banking giants buoyed by dealmaking, but warn of asset price bubbles

Top US bankers predicted business would continue to boom as equity markets surged over the last quarter and the economy and consumer spending held up despite sweeping tariffs, but some warned asset prices may be unsustainably high.

2 min  |

October 16, 2025

Business World Philippines

Auto sector bankruptcies spark credit risks probe

The bankruptcies of automotive-related companies First Brands and Tricolor, along with potential losses at banks and investment funds, are raising new concerns about hidden risks in parts of the credit market, — prompting investors to take a closer look at risky debt.

3 min  |

October 16, 2025
Business World Philippines

Business World Philippines

Three-peat seeking PLDT High Speed Hitters clash with import-less Choco Mucho

PLDT resumes its quest for a three-peat feat as it clashes with a Choco Mucho squad that is hoping its import Anyse Smith can finally play in today’s PVL Reinforced Conference at the Smart Araneta Coliseum.

1 min  |

October 16, 2025

Business World Philippines

Wall Street stocks end mixed; top US banks rally on upbeat results

WALL STREET ended mixed on Tuesday as investors digested mostly positive quarterly results from big US banks, comments from US Federal Reserve Chair Jerome H. Powell and an ongoing US-China trade war.

2 min  |

October 16, 2025
Business World Philippines

Business World Philippines

Drawn-out battle

One may think that this would be a historic golden moment for voter education.

5 min  |

October 16, 2025

Business World Philippines

Nickel Asia Corp. unit’s geothermal deal revoked due to slow progress

THE Department of Energy (DoE) terminated a service contract held by a power subsidiary of Nickel Asia Corp. (NAC) due to failure to make progress on a geothermal power project in Oriental Mindoro.

1 min  |

October 16, 2025