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Freeport aims to restart Grasberg copper production by July

Business World Philippines

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November 20, 2025

FREEPORT-MCMORAN said on Tuesday it plans to restore production at Indonesia's Grasberg copper and gold mine by July after a fatal incident forced operations to halt two months ago.

Seven workers were killed when roughly 800,000 metric tons of wet mud flooded the Grasberg Block Cave, one of the mines at the complex, on Sept. 8.

Grasberg is the world's second-largest copper mine and largest gold mine, a key asset for Freeport as demand for the red metal rises with the expansion of electric grids, renewable power and electric vehicles.

WEITERE GESCHICHTEN VON Business World Philippines

Business World Philippines

Business World Philippines

China's trade model is built on keeping others poor

THE WORLD has, for the most part, welcomed the trade truce between the US and China. Exporters, in particular, are hoping for a period of quiet that will allow them to adjust to a new world with higher tariffs and more restrictions.

time to read

3 mins

November 20, 2025

Business World Philippines

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time to read

2 mins

November 20, 2025

Business World Philippines

Business World Philippines

New Philippine Finance Secretary Go expected to retain policies, credit rating firms say

THE PHILIPPINES’ credit profile is expected to be unaffected under the new Finance secretary with rating agencies, which rank the nation as investment grade, expecting policy continuity.

time to read

1 min

November 20, 2025

Business World Philippines

Customs not giving up on 2025 goal as imports fall

THE BUREAU of Customs (BoC) is holding the line on its P958.7-billion revenue goal for 2025 despite a sharp drop in imports and fewer working days in October that slowed collections, a stance that keeps pressure on the agency as the government grapples with weaker fiscal inflows.

time to read

1 mins

November 20, 2025

Business World Philippines

Philippines still seeking lower US tariff

GLOBAL TRADE has “responded well” to Washington’s broader relaxation of tariffs, though uncertainty still hangs over the outlook as Manila continues to negotiate the lowering of the 19% reciprocal duty on its exports, the Department of Economy, Planning, and Development (DEPDev) said.

time to read

4 mins

November 20, 2025

Business World Philippines

Business World Philippines

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THE Philippine Retailers Association (PRA) said it remains optimistic about its members’ sales prospects during the year-end holidays, even in the face of fears spending will be dampened by the corruption crisis.

time to read

2 mins

November 20, 2025

Business World Philippines

Farm-to-market road costing to be overhauled

THE Department of Agriculture (DA) is proposing to implement new cost benchmarks in budgeting for farm-to-market (FMR) roads, a Senator said during the DA’s budget deliberations.

time to read

1 min

November 20, 2025

Business World Philippines

Deloitte sees continued potential in Philippine IPOs

DESPITE only two local initial public offerings (IPOs) this year, the Philippine market raised substantial funds and remains poised for growth within Southeast Asia’s IPO landscape, according to global professional services firm Deloitte.

time to read

2 mins

November 20, 2025

Business World Philippines

Philippines slips 12 spots in climate performance rank

THE PHILIPPINES dropped 12 spots to 19th in the 2026 Climate Change Performance Index (CCPI) as weak renewable energy expansion and soft climate policies offset its strong record on greenhouse gas emissions and energy use.

time to read

1 mins

November 20, 2025

Business World Philippines

Turn savings into rewards with Metrobank's Spark Joy promo

WHATEVER brings you happiness, big or small, Metrobank wants to spark even more joy along the way.

time to read

1 min

November 20, 2025

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